Bagley said all of these factors—consumer trepidation, surging cases and costs involved with re-closing—has led to an especially ominous picture for restaurants.“What we’re seeing now is a real dichotomy. You’ve got larger brands, franchised brands and operating groups looking at this as an opportunity,” he said. “We work with mid-tier brands that are looking to buy and expand in a slowdown and we are expecting robust activity in M&A there.
“It’s apparent that the road to recovery is going to be a challenging one for the U.S. restaurant industry,” NPD food industry advisor David Portalatin said in a release. “Consumer demand for restaurant dining is there as well as a want for normalcy, but there is nothing normal about this situation.”
“You’ll see a lot of pain and closings and some of these lower-tier, family-run places will go out of business. But, on the other side of this, somebody will open in a lot of those locations,” Bagley said. “Those places will come back.”
Wowsers..
Well libtards have no one to blame but themselves. I'd open up regardless of what the goverment says. This is America and I have a right to earn money and feed my family without goverment assistance.
And the wealthy elite will swoop in and buy them on the cheap or startup new ones in the post-Covid void. That’s why many people think the horrible corrupt grifting Trump Admin response was intentional.
Find small wins - drive-thru/walk-thru, outdoor cinema restaurants, outdoor food markets/stalls like in Asia, etc. Spending hours eating and sitting is very European - look globally for wins, and you will find them!
You reckon? :)
If by shake up you mean 1000's of restaurants going bankrupt and closing forever then yes
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »