Covid shrank the restaurant industry. That's not changing anytime soon | CNN Business

  • 📰 ALNewsNetwork
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

It's never been easy to operate a restaurant, and in recent years it's been even harder.

It’s never been easy to operate a restaurant, and in recent years it’s been even harder. In 2020, Covid restrictions ground the nation’s bustling restaurant industry to a halt. Since then, there have been significant signs of a rebound: Dining rooms have reopened and customers have returned to cafes, fine-dining establishments and fast food joints. But there are fewer US restaurants today than in 2019. It’s not clear when —if ever — they’re coming back.

“Closing a restaurant is an incredibly difficult decision to make,” Jacobs said. “We did our best during the pandemic to try and keep our teams together … at some point, you just gotta call it.” The rise of takeout and delivery during the pandemic helped multiple restaurants survive the pandemic. DanDan, a Chinese American restaurant, had offered takeout for years. The restaurant “had that customer confidence that we were going to deliver quality products,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

then why do so many people do it then,..? its been hard for everyone so why is your problem any different from thiers...stop moaning,thank god your alive, and get on with returning to normality asap..inititive is key.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 583. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US mortgage rates rise for the third week in a row | CNN BusinessMortgage rates shot up for the third-straight week, as inflation concerns make rates more volatile. And prices are also going up again. What a mess! Joe Biden is the greatest President since 1632. If you have 20% down payment and excellent credit, you're still paying a minimum 6.5% rate. That's a 100% increase from this time last year. Not good for any working American.
Source: CNN - 🏆 4. / 95 Read more »

401(k) balances rise, despite economic and market challenges | CNN BusinessDespite higher prices, endless talk of a possible recession and falling markets, 401(k) participants managed to keep their savings rates relatively steady in the fourth quarter of last year, helping to stabilize their nest eggs and increase their overall average balances. Americans Against Racist Equity Join us, Yup. Crap news outlets like CNN have been predicting a recession constantly under Biden, yet ill be damned. Economy is booming.
Source: CNN - 🏆 4. / 95 Read more »

Carvana's losses widen as the used-car market stalls | CNN BusinessLast year was a wreck for Carvana, the online used-car seller known for its tall glass 'car vending machines.' In 2022, the company sold fewer cars than it had the year before — the first time that's happened in nine years — and the company's losses grew as the used car market soured. Who would buy a gas car now Joe Biden is on record in the SOTU saying the US will not use any oil or gas in 10 years, that means phasing out 10% a year for the next 10 years means gas will become ultra-expensive. I'm sure it wasn't ..... Over pricing the crap out of cars, adding huge delivery fees, and refusing to negotiate or entertain fair offers. Dr. Ebrahim Rigi was arrested during a recent protest in Zahedan. Ebrahim had been released on bail but was arrested again by IRGCterrorists yesterday and murdered in police custody under torture. He was known to help provide medical care to wounded protestors. IRGCterrorists
Source: CNN - 🏆 4. / 95 Read more »