Independent thinking for complex markets and current events
Chipotle Mexican Grill has been developing robotic technology to automate its kitchen operations, and now it is finally testing the machines in stores for the first time. Autocado—a machine that can cut, core, and peel avocados in just 26 seconds—will operate in a Chipotle restaurant in Huntington Beach, Calif. The fleshed-out avocado will then be …
Kamala better keep the media on her side Her entire campaign is a figment of the media’s imagination… they created it for her and they can take it away just as fast Meanwhile, President Trump’s power and popularity comes from the people — Cheryl Ultra MAGA 🧡🇺🇸 (@cheryleliz) August 19, 2024
The American restaurant industry, once dominated by well-established chains that appeared immune to economic ups and downs, is now undergoing a significant transformation. In recent years, a trend known as the “restaurant apocalypse” has been causing numerous closures, bankruptcies, and financial challenges. Long-time favorites like Burger King, Wendy’s, Boston Market, Red Lobster, and Popeyes face …
Actually, they charge fees at checkout too and they call them “service fees” which is basically just to make up for the “free” delivery. It’s a scam, but people keep paying, so they keep doing. h/t Tacticool_Turtle
Burger King. Wendy’s. Boston Market. Red Lobster. Popeye’s. Arby’s. Corner Bakery. Carl’s Jr. The list goes on. On top of being some of the most iconic restaurants in the U.S., what do all of these companies have in common? According to U.S. Court documents, these brands have all faced bankruptcies over the past year as …
According to the 2024 KPMG Consumer Pulse Survey, U.S. consumers are adjusting their spending habits this summer due to inflationary pressures. Here are the key findings: Essential Goods and Services: Consumers expect to spend less on personal care products (considered essential) and restaurants, travel, and entertainment. About 21% of consumers anticipate spending more on personal care …
A Florida man eating in a diner with his wife recently sneezed so forcefully it caused parts of his intestines to exit his body through a surgical wound, according to researchers. The case, published in a May 2024 edition of the American Journal of Medical Case Reports, describes the unnamed man as a 63-year-old with …
In recent years, the restaurant industry has been navigating through a storm of challenges, each wave more tumultuous than the last. Picture this: vibrant dining rooms once filled with laughter and the clinking of glasses now stand eerily quiet, shadows of their former selves. The pandemic was a wrecking ball, swinging with relentless force, shuttering …
BY DAVID HAGGITH Pretending costs don’t matter when “doing good” or that we’ll find ways to make it work doesn’t pay the bills and doesn’t make it work. Photo by Dayne Topkin on Unsplash Central planners and do-gooders often make things worse for those they claim they want to help. Once again, today, the “Restaurant Apocalypse” is in …
LONDON IS NO LONGER SAFE: A nine-year-old girl was shot in the head while she was having dinner with her family at a London restaurant. She is now fighting for her life. The shooter is believed to be a migrant. The girl was hit after a gunman on a motorbike opened fire on other… pic.twitter.com/1m3VCcvN7u …
Restaurants closing in 2024: – Fuddruckers is expected to close ALL locations by the end of the year – Old Country Buffet is closing ALL remainder locations – IHOP is closing 100 locations – Buffalo Wild Wings is closing ALL Canada locations as well as 60 locations in the US – Applebee’s is closing 35 …
You just have to look around and see what’s happening to the restaurants in your area to understand that the U.S. economy is headed in the wrong direction. When the economy is booming, restaurants are full and chains open more locations to expand their business. But when the economy is struggling, restaurants get increasingly emptier, …
Over the past four years, many of us have had the unpleasant surprise of learning that our go-to restaurant, coffee shop, or fast food joint was closing doors for good. Thousands of well-established companies have gone out of business since the pandemic accelerated the descent of the U.S. economy, and conditions have been particularly tough …
According to a research study by Ohio State University, 80% of restaurants close before their fifth anniversary. While many have tried and failed to reinvent themselves, others are like how you remember them. But here are the shocking details: due to low-margin propositions, inflation, and economic instability, most of your beloved restaurants are on the …
So, picture this – you’re craving a good ol’ Cook Out tray, and you head to your favorite joint, excited to indulge in some comfort food. But wait, reality hits harder than a well-cooked burger because, thanks to #Bidenomics, that tray is now costing you a whopping 28% more than it did just three years …
“But he eliminated the PTO program, first launched in 2021, at the start of the year “to prepare for the increase in wages in 2024,” he said.” “The new California law doesn’t apply to employees at full-service chains such as Chili’s or Cheesecake Factory. Lederman, the veteran franchise consultant, agreed. He said he fully expected …
Yep, I talked to the owner of a pizza place in Las Vegas last year. Great location amongst all the downtown casinos. His rent was 30k month. Probably 25 ft wide by 100 ft deep. 2500 sq feet. $64 for a large pepperoni or $8 slice. 468 pizza/month plus other cost to break even. — …
Americans' savings rates slid again in the third quarter, per Axios: pic.twitter.com/sBEvKXNTjn — unusual_whales (@unusual_whales) December 14, 2023 The economic landscape in the United States is becoming increasingly challenging as Americans grapple with a combination of dwindling savings rates, soaring restaurant prices, and a weakening U.S. Dollar Index ($DXY). The latest Consumer Price Index (CPI) …
This is Shachihokoya – a restaurant in Nagoya – where you can buy a menu item called 'Nagoya Lady's Slap' for 300 yen pic.twitter.com/19qPM1Ohac — Bangkok Lad (@bangkoklad) November 29, 2023 While restaurants across the world are experimenting with innovative themes to attract customers, an eatery in Japan has adopted a bizarre practice to captivate …
This frustration is a common sentiment. While official statistics report a modest 5% increase in food outside the home, many consumers, like this individual, perceive a more significant rise, possibly around 20%. It’s not just about the cost; there’s concern about diminishing quality in both food and service. The gap between official figures and lived …
CNN – Restaurant prices are way up. You might want to head to the supermarket. “If you’re watching your budget, it might be time to skip the drive-thru and head to the supermarket. In the 12 months through October, higher restaurant prices drove food prices above overall inflation, even as grocery prices were relatively low. …
https://www.youtube.com/watch?v=1Ot7ZwWFCIc Restaurant prices are still rising all across the United States, and even your regular coffee order at Starbucks is going to get more expensive in the coming weeks. According to a new report, this is the fifth time Starbucks is raising menu prices in two years. The coffee house chain is also implementing “additional …
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The singer Tori Kelly has been rushed to hospital after shockingly collapsing while out on the town. The 30-year-old Grammy winner was reportedly dining out with friends in Los Angeles on Sunday night when she suffered a medical emergency and lost consciousness, sources told TMZ. She was quickly taken to get medical care, and doctors …
More than 2,200 stores are closing across the US in 2023. Here’s the full list: It’s not exactly the retail apocalypse of prior years, but it’s a shakeup nonetheless. An Insider tally of announcements by major retailers in 2023 finds as many as 2,280 stores set to close across the US. The rationales are varied: …
The owner of a beloved San Francisco restaurant that opened more than 60 years ago has decided to close shop for good, blaming the city for not supporting business owners amid a homelessness crisis and the aftermath of the pandemic. HRD Coffee Shop opened its doors in 1953 as a modest establishment serving workers in …
Our favorite restaurants are vanishing from sight as worsening economic conditions continue to squeeze U.S. businesses. With shoppers eating out less and tightening their budgets, even big names in the industry are seeing their operations rot from within. Over the past three years, over 160,000 restaurants have been permanently closed around the country, and unfortunately, …
A 14-legged giant isopod is the highlight of a new dish at a ramen restaurant in Taipei and it has people queuing up – both for pictures and for a bite. Restaurant owner Mr Hu said steaming the creature was very simple.