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By late July, nearly 16,000 restaurants had permanently closed. [1] Restaurant closures started March 15 when Ohio Governor Mike DeWine ordered all bars and restaurants in the state to close their dining rooms and bars; within a week most other states followed suit. By March 23, industry experts were estimating nearly half of the industry's 15 ...
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.
Full-service chains like Red Lobster, TGI Fridays and others are having a hard time
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 ...
O’Leary notes while some restaurants have had to scale back or even declare bankruptcy, others are moving to less expensive locations or turning into commercial kitchens that specialize only in ...
With rising costs, OKC restaurants are having to take bigger risks with smaller margins to keep their doors open — and to keep customers coming back. OKC restaurants are taking drastic measures ...
Ohio's sales tax holiday begins at midnight July 30 and runs through 11:59 p.m. Aug. 8. For the first time, restaurants are included.
Darden Restaurants raised its annual sales forecast on Thursday, banking on higher menu prices and more people dining at its chains including LongHorn Steakhouse and Olive Garden in the holiday ...