VIDEO ON MSN MONEY
"American's ever-changing tastes present risks to even the best-run and most-popular eateries. And the competition never rests."
You don't think it's related more to shrinking wages, increased costs, especially in insurance and the fact that most people can only afford Dollar Menu items? Subway just nixed the chips to cut the sub and soda combo down to $4. That makes it one of the ONLY lunches under $5. Less doesn't make it better, just more pathetic that America can't afford lunch.
Meanwhile... Wall Street bonuses are UP.
In the early 1980's, Imperial Group Limited of London, England, purchased all stock in the Howard Johnson's Company taking over total control, shortly there after dismissing Mr. Johnson, the son of the founder. Then there next major blunder was to close down manufacturing and distribution which had
survived the great depression, there went Howard Johnson's famous 28 flavors of ice cream. At that point the restaurants really began to suffer sales on the same food and ice cream that you could buy everywhere else. The 800 or so restaurants were sold to anyone that would buy them, the motor lodge division was eventually sold off and the new group operating motels only under the name Howard Johnson instead of Howard Johnson's. There were a lot of us that were laid off in this mess including Mr. H. B. Johnson.
There are not many chain restaurants that know how to serve good food.
(Olive Garden, Red Lobster, Ruby Tuesday's are among the worst of the bunch.)
Kind of sad - the local KFC has tough chicken with lousy taste. That is - when they don't give a thigh instead of a breast - of course they charge for the breast.
Sad - when a customer can get better chicken at the local Walmart or the local Krogers.
And that helps (in part) explain why some businesses fail.
It was sad that he local Sonic lasted only about a year - many think the franchise owner didn't start with enough money.
It is sad that he local Pizza Hut closed its eat in - for carry out only.
Chi Chi's was a great place to hang for happy hour - 2 for 1 margarita's, free chips & salsa. But the company figured out that they could market the salsa & make more money than operating a restaurant chain. With no overhead- getting other stores to carry your goods - it was a no brainer.
And the fried ice cream- man I miss that too!
Speaking of declining food quality/flavor: What happened to the 'good ol' McD's french fries'? Ever since the so-called healthy eating 'craze', they '(had to)' quit frying in the better oils etc that they were using. I worked for Termicold, a cold-storage facility in Riverdale, IA. We had to 'throw out' (REALLY THROW OUT, and no one was allowed to dumpster dive), any package/carton that was 'crushed' even on the corners only. They were proud of their rep for the best tasting ff.
Also, have you ever seen the back rooms of 'any' restaurant. My late husband delivered to some places and told me some horror stories. A lot of eating joints don't have stainless steel food preparing surfaces and the ones that do seldom disinfect them. I feel the fast food places are cleaner than the regular restaurants. I love Sonic but you can't find them in the smaller towns-decent (quite good tasting) food and good portions. When I worked in OK, that was my 'go-to' place.
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[BRIEFING.COM] The S&P 500 trades lower by 0.8% with one hour remaining in the first session of the week. This morning was very quiet on the economic front with participants receiving just one report-August Existing Home Sales. Tomorrow's session will be equally as quiet with economic data limited to the FHFA Housing Price Index for July.
The remainder of the week will feature August Durable Orders (Briefing.com consensus -16.3%) and the third revision of Q2 GDP with the latter set ... More
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