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The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category. After the closings ended, restaurants continued to face staffing challenges.
There's a lot of unknowns.There's a lot of people coming down with COVID,” said Dan Hester, a franchisee of Your Pie restaurant in Dublin, Georgia, told Yahoo Finance in a recent interview.
The company had declared bankruptcy in April 2022 after two years of declining sales caused by lockdown restrictions and competition from local pizza chains and restaurants, which began using food delivery apps in response to the COVID-19 pandemic in Italy.
The U.S. restaurant industry has a 2019 vibe to it these days, with eateries across the country getting back to pre-COVID business. Independently owned restaurants have seen a particular boost as...
A high end restaurant reopens after the 2010 Covid-19 lockdown, with measures in place to protect staff and customers. ... Legislative Analyst’s Office. Since hairstylists, barbers, nail salon ...
The COVID-19 pandemic exacerbated many issues affecting retailers, as many were forced to shut down due to non-pharmaceutical interventions that were issued in an effort to mitigate the pandemic. [35] At the same time, online shopping boomed during the coronavirus-related lockdown, even though it came back down starting in 2022. [36]
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.
The U.S. restaurant industry was projected to have $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [115] The industry as a whole as of February 2020 employed more than 15 million people, representing 10 percent of the workforce directly. [115]