10 fading US restaurant chains
These eateries have stumbled over the past decade and may have trouble regaining their footing in a competitive industry.
MORE ON MSN MONEY
VIDEO ON MSN MONEY
In some US city many moons ago, a young mother would drive past a Big Boy restaurant on the way to taking her little kid to the pediatrician. When Little Kid would see that Big Boy sign, Little Kid would start screaming, knowing that a shot/injection was imminent...
That Little Kid was me.
Dining out is a social experince but restaurants have forgotten that. I have dined at most of the restaurants in this article. At least those with a bar. But then, smoking, if only at the bar, was outlawed. So much for my cocktail hour at the bar.
Then, the prices started shooting up. Probabye because without allowing smoking at the bar, liquor sales probably dumped. So, the cocktail prices doubled. So much for drinking in a restaurant bar.
And, a hamburger goes to $10 or $12. You must be kidding.
Then we found out why we thought restaurant food tasted so good. Because it is LOADED with ridiculous amounts of salt, fat and calories. Eating out....not a healthy habit.
Then there is the service, most of which is pathetic. And yet, the lousiest waiter of waitress thinks they should get a 20 or 25% tip.. We are all working for less and we earn more when our work product is exceptional. 15% is my standard for good service. 20% for exceptional service. Most of the time I struggle with 15% because service is barely acceptable on average.
Then Ben Bernanke came along and reduced the income of retired people living on interest income to zero and further undermined the restaurant and travel business for the population most able to spend on food and travel.
Save your money, Save your health. Eat tastier, higher quality food. Light a candle, turn on the music you like at a volume the allows converssation. Have a cocktail , a cigarette and good dinner at home and watch a movie on Netflix.
An illegal alien, a Muslim, a black guy, a communist, walk into Bennigan's. The hostess says,
"What'll it be Mr. President, a booth, or a table"?
I was hoping Obama and Biden would have made the list, oh wait, that's right, they have the few people that pay taxes in chains, and we are disappearing, my bad.
I look up from my desk and out the window a see a Big Boy. Enjoy the lunch there, hope they stick around. Sorry Red Lobster is not on the list. One of the filthiest places I have ever eaten.
I'll be sad to see Big Boy go. I remember my dad taking me there many times for a late-night ice cream sundae run. Not to mention countless dinners there too.
I also feel bad about Ponderosa. That was my favorite restaurant when I was very young. It was a little out my mom's price range so it was a rare treat which made it seem even better. But then they expanded the salad bar a little too much and it eventually became a buffet that was mediocre at best. So athough I miss what it used to be, I think it's time to bow out of what it's become.
I HAVEN'T SEEN A TCBY IN A LONG TIME I HOPE THEY HAVEN'T CLOSED...I LOVE TCBY
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
[BRIEFING.COM] The major averages ended modestly lower with the S&P 500 shedding 0.3%.
The benchmark average saw an opening loss of 1.2% after Japan's Nikkei tumbled 7.3%. Japanese stocks sold off amid continued volatility in Japanese Government Bond futures as the 10-yr yield spiked almost 16 basis points to 1.002 before the Bank of Japan's JPY2 trillion liquidity injection caused yields to retrace their gains.
Adding insult to injury was news out of China where the HSBC ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|