marketcrash
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nationaldebt
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restaurants
04/07/2023
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By Ethan Huff
New post-pandemic dining restrictions in some cities charge customers hundreds of dollars just to get seated at a table
A lot has changed ever since the Wuhan coronavirus (Covid-19) was forced on the world, including in the food service industry. Some restaurants in major cities like Chicago have begun imposing minimum purchase requirements on their patrons, or charging cancelation fees for reservations. Mandatory minimums are gradually becoming the norm in some areas, especially at […]
04/04/2023
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By Ramon Tomey
Restaurant industry collapsing across the US, with several popular chains permanently CLOSING DOWN numerous locations
Several U.S. restaurant chains are closing down different locations across the country to streamline operations and cut costs – a consequence of the Wuhan coronavirus (COVID-19) pandemic and labor shortages. A report by the Daily Mail named several chains that downsized their operations, including several familiar brands. Applebee’s Casual dining chain Applebee’s has closed around […]
06/23/2022
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By Belle Carter
Barclays research reveals that Americans are spending LESS on services
Data from the recent Barclays research revealed that more Americans are beginning to resist spending on services, such as eating at restaurants and booking flights and accommodations. “All through 2022, the narrative has been that as [Wuhan coronavirus] COVID-19 faded, households would ramp up spending on services. This indeed has been true for much of […]
01/27/2022
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By Roy Green
Local restaurants still struggling with supply chain issues, labor shortages brought about by disastrous pandemic policies
From Tulsa, Oklahoma, to Pike Creek, Delaware, closed restaurants with for sale/lease signs and foreclosed markings, and those which are open but with empty tables have become a familiar sight. After more than two years of the Wuhan coronavirus (COVID-19) ravaging economies worldwide, many local restaurants all over the United States are still fighting for […]
10/05/2021
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By Arsenio Toledo
Restaurant operators say business conditions have significantly DECLINED
A majority of restaurant operators in the country believe business conditions today have significantly declined compared to three months ago. This is according to a survey released on Wednesday by the National Restaurant Association (NRA). The NRA is the leading business association lobbying for the interests of restaurant owners, representing 400,000 restaurant locations across the […]
06/29/2021
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By Ethan Huff
Covid supply chain issues now hitting fast-food chains as shortages in foods and packaging both worsen
A new survey by Reuters has found that at least nine popular fast-food chains are experiencing supply issues due to supply bottlenecks and other problems linked to the Wuhan coronavirus (Covid-19) plandemic. Everything from iced green tea to fries to chicken wings, as well as plastic packing material and paper bags, is becoming hard to […]
06/24/2021
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By Arsenio Toledo
Surging food prices force restaurants to increase cost of menu items
Food prices are surging in grocery stores and restaurants, hitting small businesses very hard. “They haven’t gone up. They’ve almost doubled,” said Nick Rando, owner of an Italian restaurant in Natick, Massachusetts. Rando said that in January, red meat and steak cost him $7.35 a pound. “Last week, it was $13.20 a pound.” People in Massachusetts […]
08/30/2020
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By Zoey Sky
Coronavirus lockdowns are “overly blunt and costly” … economists and health experts point to a more effective way
As the coronavirus (COVID-19) pandemic spread like wildfire throughout America, the country was forced to implement something it has never tried before: Blanket business shutdowns. However, this tactic has resulted in a deep recession. While the pandemic spreads, economists and health experts suggest that it may be time to try a different and more effective plan. […]
08/11/2020
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By Cassie B.
Most New York City restaurants won’t be able to pay their July rent, survey finds
The economic effects of the coronavirus crisis are being felt deeply in the New York City restaurant industry. July was just the latest in a string of disappointing months for the city’s restaurants, bars and clubs, and a new survey has found that most of these establishments will be unable to pay their rent for […]
05/21/2020
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By Ethan Huff
Restaurants still struggling in areas where restrictions have been lifted as many patrons still voluntarily staying home
A growing handful of states have begun their reopening phases, in some cases allowing for dine-in patrons at restaurants. But reservations are still down in many areas to such a degree that some restaurant owners are unsure if their businesses will survive. In Georgia, for instance, which was the first state to end the lockdowns […]
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