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“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 ...
In order to keep up with more profitable sales from dine-in customers, many restaurants are shutting down delivery and online sales during peak periods, such as evenings and weekends, or at times ...
Full-service chains like Red Lobster, TGI Fridays and others are having a hard time
Restaurants, however, were weaker. Sales fell 3.4% from December a year ago, even though transactions rose 4.1%. Full-service restaurants, including upscale and family dining locations, were the ...
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]
The health of the restaurant industry, as measured by the National Restaurant Association's Restaurant Performance Index, hit its lowest level since 2013, thanks to declines in same-store sales ...
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 governors of Washington, New Mexico, Oregon, Illinois, and Michigan have all shut down indoor dining. But some restaurants in other areas are opting to close voluntarily, even though the move ...