Casual dining chains' recovery is moving at a "lumbering pace," according to a report released by Gordon Haskett on Friday.
The stagnant recovery of chains such as The Cheesecake Factory, Applebee's, and Red Robin will be "almost entirely driven by increased capacity limits" in the coming months, according to a report released by Gordon Haskett on Friday. Higher unemployment rates and the loss of the extra $600 in federal unemployment benefits, which helped boost restaurant sales'Winter is coming' — and that's bad news for casual dining chainsMaddie Meyer/Getty Images
Reopening dining rooms also brings new costs that could ultimately result in the restaurant losing money if it doesn't operate at full capacity,
AnitaSharma I've never heard of these restaurants, as I live in Canada so I assume it would be like Harvey's and Swiss Chalet going out of business. That would be better for our health but not for all the workers losing jobs. Keep positive and look for innovative ways to keep cash flowing.
These poor massive corporations.
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