Wonderful Economy: More Restaurants Going Into Bankruptcy

TravisBickle

TravisBickle

Savior Archetype Gone Bad
Contributor

Rising Costs, Shrinking Consumer Spending and Changing Customer Habits Push More Restaurants Into Bankruptcy​

by Laura Harris, Natural News October 26, 2024

At least 10 major restaurant chains have filed for Chapter 11 bankruptcy this year due to rising costs, shrinking consumer spending and the disappearance of pandemic-era financial support.

In August alone, three notable restaurant chains sought bankruptcy protections. Mediterranean fast-casual chain Roti filed on Aug. 23, citing challenges from high operating costs and decreasing foot traffic in downtown areas. Earlier that month, Buca di Beppo and World of Beer also turned to Chapter 11 to restructure their businesses amid rising labor costs and inflationary pressures.

Bankruptcies nearly double in 2024 due to broader economic challenges

economiccollapse.report

Rising Costs, Shrinking Consumer Spending and Changing Customer Habits Push More Restaurants Into Bankruptcy

(Natural News)—At least 10 major restaurant chains have filed for Chapter 11 bankruptcy this year due to rising costs, shrinking consumer
economiccollapse.report economiccollapse.report

The Biden/Harris Economy Stinks!
 
Last edited:
Goyboy said:
I hope the mom-and-pop Thai restaurants I like don't go under.
Click to expand...
And you think it would be any better under a Trump admin GAYBOY?
Now take what it cost them for food many of the things they use come in from other countries, add a 20% or more tariff on to those goods and the price goes up even more.
And if you are as stupid as Trump is and think the exporting County pays that tariff you need to do a little bit of studying economics,
 
So, @Tbird19482 what's your problem with this information?
You probably either can't afford eating out or maybe you're a snob like @Concart
who claims his money buys him anything he wants at any time and just doesn't care
about the loss of jobs and choice for Americans.
 
Last edited:
Tbird19482 said:
And you think it would be any better under a Trump admin GAYBOY?
Now take what it cost them for food many of the things they use come in from other countries, add a 20% or more tariff on to those goods and the price goes up even more.
And if you are as stupid as Trump is and think the exporting County pays that tariff you need to do a little bit of studying economics,
Click to expand...
Go fuck your mother. Nobody calls me that.
 
Goyboy said:

Rising Costs, Shrinking Consumer Spending and Changing Customer Habits Push More Restaurants Into Bankruptcy​

by Laura Harris, Natural News October 26, 2024

At least 10 major restaurant chains have filed for Chapter 11 bankruptcy this year due to rising costs, shrinking consumer spending and the disappearance of pandemic-era financial support.

In August alone, three notable restaurant chains sought bankruptcy protections. Mediterranean fast-casual chain Roti filed on Aug. 23, citing challenges from high operating costs and decreasing foot traffic in downtown areas. Earlier that month, Buca di Beppo and World of Beer also turned to Chapter 11 to restructure their businesses amid rising labor costs and inflationary pressures.

Bankruptcies nearly double in 2024 due to broader economic challenges

economiccollapse.report

Rising Costs, Shrinking Consumer Spending and Changing Customer Habits Push More Restaurants Into Bankruptcy

(Natural News)—At least 10 major restaurant chains have filed for Chapter 11 bankruptcy this year due to rising costs, shrinking consumer
economiccollapse.report economiccollapse.report

The Biden/Harris Economy Stinks!
Click to expand...
Bullshit, first off, what the f*ck is the “economic collapse report?”

Second, none of the supposed ten restaurants are what one would call established known brands except Red Lobster which has been shrinking for a decade

Third, it is a consumer based industry, and consumer spending is up, so more likely cause is that their product isn’t wanted, called business

Just another example of how uninformed MAGA is, just throw out shit, and they’ll echo it as facts
 
Goyboy said:

Rising Costs, Shrinking Consumer Spending and Changing Customer Habits Push More Restaurants Into Bankruptcy​

by Laura Harris, Natural News October 26, 2024

At least 10 major restaurant chains have filed for Chapter 11 bankruptcy this year due to rising costs, shrinking consumer spending and the disappearance of pandemic-era financial support.

In August alone, three notable restaurant chains sought bankruptcy protections. Mediterranean fast-casual chain Roti filed on Aug. 23, citing challenges from high operating costs and decreasing foot traffic in downtown areas. Earlier that month, Buca di Beppo and World of Beer also turned to Chapter 11 to restructure their businesses amid rising labor costs and inflationary pressures.

Bankruptcies nearly double in 2024 due to broader economic challenges

economiccollapse.report

Rising Costs, Shrinking Consumer Spending and Changing Customer Habits Push More Restaurants Into Bankruptcy

(Natural News)—At least 10 major restaurant chains have filed for Chapter 11 bankruptcy this year due to rising costs, shrinking consumer
economiccollapse.report economiccollapse.report

The Biden/Harris Economy Stinks!
Click to expand...
Most likely the food's not that good. Customers rated it by not returning.

"The Italian restaurant chain Buca di Beppo filed for bankruptcy protection after customer visits to the family-style dining establishment declined in recent years."
 
Goyboy said:
So, @Tbird19482 what's your problem with this information?
You probably either can't afford eating out or maybe you're a snob like @Concart
who claims his money buys him anything he wants at any time and just don't care
about the loss of jobs and choice for Ameicans.
Click to expand...
Well GOYBOY I eat out a lot and I can afford it I am retired and on my retirement I clear what it would take a working person making about $45 an hour would clear .
Again what do you think is going to happen to grocery prices and pretty much everything else after Trump adds on 20% on some products and up to 100% on things from China?
Again don't cry when IF Trump gets in and puts these tariffs on prices WILL be going up.
 
You must log in or register to reply here.
Back
Top