Search results
Results from the WOW.Com Content Network
California’s tax policies are among the most punitive in the nation. The state imposes a top marginal income tax rate of 13.3% — the highest in the country — and a corporate tax rate of 8.84 ...
Rubio's Coastal Grill, citing rising business costs, abruptly shuts down 48 restaurants in California. Don Lee. June 3, 2024 at 10:01 AM ... Rubio's did not say how many employees were let go, but ...
The US restaurant industry was projected at $899 billion (~$1.04 trillion in 2023) in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [2] [3] An estimated 99 percent of companies in the industry are family-owned small businesses with fewer than 50 employees. [4]
Full-service chains like Red Lobster, TGI Fridays and others are having a hard time
Rubios in the California Bay Area after the 2024 shutdowns. Rubio's locations in Utah were closed in 2019. [citation needed] [original research?] In June 2020, Rubio's Coastal Grill told Nation's Restaurant News about the closure of all their Florida and Colorado store locations, a total of twelve, due to the negative business impact of the coronavirus pandemic.
“The U.S. restaurant industry finds itself on the menu,” he wrote in a column for the Daily Mail. Don't miss Beating the market is no myth: These expert stock-pickers' recent success could ...
Howard Johnson's was the largest restaurant chain in the U.S. throughout the 1960s and 1970s, with more than 1,000 combined company-owned and franchised outlets. [2] Today, the chain is defunct—after dwindling down to one location, the last Howard Johnson's restaurant (in Lake George, New York) closed in 2022 due to the COVID-19 pandemic. [3]
Amid escalating operational costs and changing consumer behaviors, the U.S. restaurant industry faces unprecedented closures, with financial strain evident across famed chains and local eateries.