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Full-service chains like Red Lobster, TGI Fridays and others are having a hard time
Saunier, who died this week at the age of 91, was an iconic figure in wine. She was a groundbreaking importer who first brought the wines of Henri Jayer, Château Rayas, and Domaine Leroy to the U ...
TGI Fridays isn't alone either — other restaurant chains that have recently filed for bankruptcy include Red Lobster, Ruby Tuesday's, and Sbarro. Though many are hoping for a rebound with ...
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]
A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
Kevin O’Leary, star of ABC's ‘Shark Tank,' outlined the challenges impacting the restaurant sector in a Daily Mail report issued this week.O'Leary attributes the increasing trend of closures ...
Fans of Outback Steakhouse may be surprised to see their local restaurant permanently closed after the chain’s parent company abruptly shut down dozens of locations around the US.. Bloomin ...
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