A hub for independent voices and hard truths
Discover the challenges faced by 15 restaurants on the brink of closure, from iconic pizza joints like Pizza Inn and Pie Five to beloved buffets like Ryan’s and Golden Corral. Explore the impact of the pandemic on well-known chains such as Dave & Buster’s, Chuck E. Cheese, and IHOP. Will …
Is McDonald's pricing themselves out of the fast food market? Their reputation was for cheap food. Now people are realizing that with higher minimum wages ($15 to $20 per hour) and high food costs, now McDonald's is costing just as much as restaurants with higher perceived… pic.twitter.com/GJuaRxlvdx — Wall Street …
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 …
Half of food service companies are operating at a loss or just breaking even, a new survey of restaurant owners in Canada has found. Sales have improved in the wake of the COVID-19 pandemic but profits are down “due to soaring operating costs” and low foot traffic that never recovered …
Trouble is brewing in the restaurant industry, and several brands are now silently closing locations and reducing their operations to cope with a consumer recession that has no end in sight. Managing a restaurant is never easy, and during an economic downturn, conditions get even more complicated because people tend …
The state’s Department of Labor fined the company $2.6 million in unpaid wages, liquidated damages and administrative penalties. It is the latest in a series of setbacks for the collapsing chain. The New Jersey Department of Labor on Tuesday ordered 27 Boston Market locations in the state to close and …
And he flies by helicopter from this yacht to restaurants — Michael Bach (@mbnaturopath) July 12, 2023 World leaders arrive in their private jets to talk about the imminent risks of climate change to our planet pic.twitter.com/dUcdyCZQFa — Not Jerome Powell (@alifarhat79) July 11, 2023 Just a year and a …
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 …
by confoundedinterest17 This morning I wrote about the Renter’s Misery index with rents spiralling out of control for the middle class and low wage workers. Now let’s switch focus to the restaurant business which are suffering under Biden’s reign of economic error. Two years of negative real wage growth, depleted …
