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Epic Economist,11/4/24
"15 Restaurant Chains Being Wiped Out
By A Perfect Storm In 2024"
"This year, unprecedented challenges are decimating some of the most beloved dining spots across the nation. Rising costs, labor shortages, and changing consumer habits - each one alone could strain even the most resilient businesses. But when combined, they create a devastating perfect storm, wiping out chains and family-owned favorites alike.
Americans are changing their dining habits, and it’s hitting the industry really hard. With inflation squeezing every dollar, more people are choosing to eat at home, leaving restaurants across the nation fighting for survival. Visits to sit-down restaurants dropped nearly five percent in just one year, and even the most popular chains in the country are feeling the pain. Take New York City, for example - over 40 bars and restaurants shut down in just two months, while others struggle to stay open, still reeling from the fallout of 2020. All across the nation, empty seats are becoming the new norm.
As we count down the 15 restaurants most at risk, brace yourself: some of these names may surprise you, and others might be places you thought would stand the test of time. These companies are being forced to close locations, struggling with financial pressure, and grappling with a consumer landscape that may never be the same. Stay tuned to see which familiar names could disappear next. Without further ado, here are 15 Restaurant Chains Being Wiped Out By A Perfect Storm In 2024."
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Rico E, 11/4/24
"Why Wendy’s is Closing 240 Stores:
The Decline of Customer Service and Quality in Fast Food Chains"
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