Amid fears of a recession, Domino's Pizza CEO Ritch Allison said Tuesday that the U.S. consumer is still strong.
has been under pressure in recent quarters by its strategy of rapid expansion, as well as competition for delivery customers from a new foe: third-party delivery apps."The most important thing when it comes to driving demand for pizza is having employed customers, you know, who have disposable income and can afford to feed their families," Allison said.
In July, the U.S. unemployment rate was 3.7%, according to the Bureau of Labor Statistics. While the trade war between the United States and China have weighed on the financial markets, the labor market remains tight. A tight labor market also means that Domino's is getting creative to recruit employees. The company isE-bikes are just one way that Domino's is trying to improve its delivery process. The restaurant chain unveiled its new Innovation Garage on Tuesday to test technology like autonomous cars.
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