10 fading US restaurant chains
These eateries have stumbled over the past decade and may have trouble regaining their footing in a competitive industry.
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All chain restaurants need to check out why they are dying. I just spent 3 weeks in the USA after being out of the country for 2.5 years. After living in Europe for a while, I will probably not eat anywhere where leaving a tip for medium to lesser quality service and food. Texas Roadhouse would be my choice for one to die.
At least at Chipotle I did not have to leave a tip. It's not about being cheap, its about being realistic. Realistically I did not have good service anywhere in 3 weeks that could really justify the tips people receive.
Free market economy at work, people voting with thier diner dollars, there's only so much cholesterol distribution to go 'round
I have worked high volume and low volume concepts... large and small
complicated to guarantee quality. When cost exceeds the norm for
Wow My pops cruised Big boy in the 40's I cruised it in the 60's and 70's Colorado blvd. Glendale California, use to have a lot of fun with the car-hops good looking babes, Friday night cruising the 40 ford coupe was bad to the bone, while listing to "WOLF MAN JACK" by big boy see you in the next world.
Nick L. EHS class of "67"
About the only place I ate at, that I might have continued on that list was Benigans. tbh, the first, Blimpee's... I live in NJ, why would I care if some half arsed sub shop chain goes out of business, when there's local delis on just about every street corner that serves better hoagies then those? And all the talk of "real western, blah, blah" with some of those; I lived in Albuquerque for 11 years. There were local Texas style steak houses that were better then those. Some of those would pass as the Taco Bell of Mexican food; which when one had more authentic resturants in the New Mexico area, meh
Well here's the deal, and it's several fold:
- People have had to endure cuts in wages and employee benefits. Outsourcing of jobs for cheap labor, high unemployment, and what new jobs that do get created (not being sufficient to result in not only higher unemployment, but increasing numbers dropping out of the labor market) so people simply have less disposable income
- Prices and inflation have gone up, ESPECIALLY wrt food and gasoline, and we're talking the food industry right here, on the subject of resturants
- Many places weren't as great, and/or customers today prefer alternative options.
Well, welcome to the other side of supply and demand. You know, the thing that is brought up when people complain about price hikes? I have little more sympathy for the business chain that goes out of business, because it can't remain competitive in the current market, or continue to attract new customers, then many of these chains have for the American worker. Well here's my answer in reply to these businesses, welcome to the other side of supply and demand. Enjoy, because this too is capitalisim at work ;)
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[BRIEFING.COM] The Federal Reserve has just released the minutes from its latest policy meeting. Most notably, the minutes revealed that many officials saw the recent job gains as a potential reason to bring forward the first fed funds rate hike; however, most officials showed preference for waiting for more evidence before changing the rate outlook.
With regard to prices, several participants viewed downside inflation risks as diminished.
The S&P 500 (unch) has surrendered ... More
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