Restaurant recovery moves at 'lumbering pace' without indoor dining - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Chains like Ruby Tuesday and Red Robin's will never recover until indoor dining fully reopens, as restaurant closures loom

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,

 

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

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.

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:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Inside Britney Spears' conservatorship and the #FreeBritney movement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It sounds like her parents are living large off her misery and have her locked up to keep her from emancipating her wealth from them 🤬🤬🤬
Source: BusinessInsider - 🏆 729. / 51 Read more »

Take a look inside a historic Missouri house with nine jail cells - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This would be a great house for those in the family that refuse to quarantine. 🤣
Source: BusinessInsider - 🏆 729. / 51 Read more »

Look inside President Trump and Larry Ellison's relationship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. what's going to happen to these corrupt deals when Trump is defeated.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Sunrun and Vivint Solar's historic $3.2 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Gold shortages are here and increasing. Sandstorm Gold is going to have INCREDIBLE cash flow for next decade. $1800+ Gold spot price certainly does not hurt!
Source: BusinessInsider - 🏆 729. / 51 Read more »

NYC restaurant owners threaten to sue amid continued indoor dining ban - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »