Photo by Amy Sussman/Getty Images
While the pandemic is weighing heavily on casual dining chains, the restaurant concept has also struggled to compete over the last decade, thanks in part to the aftermath of The Great Recession and the rise of fast-casual offerings. The latter, especially, proved detrimental to many casual dining chains' business models, as customers' tastes evolved beyond traditional sit-down restaurants.
California Pizza Kitchen is one casual dining brand that has already been forced to file for bankruptcy. While the chain blamed plummeting sales on the coronavirus,that some factors weighing on the casual dining industry predated the pandemic. The chain struggled to compete with cheaper fast-casual options, as well as attract customers who skipped trips to the mall in favor of staying home to watch Netflix or shop on Amazon.
"The Company now has to draw people out of the comfort of their homes and has lost a number of customers who would otherwise have dined at a CPK on impulse while out for other purposes," the filing reads. Get a personalized selection of top stories daily based on your preferences. Sign up now.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Stretched Ferrari 360 Modena limousine asks $287,000 — see inside - 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. 😮 Nah ! CarsInsider Rubbish!
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Meet Stephen Ross: Inside his life and $7.2 billion net worth - Business InsiderStephen Ross — Trump donor and Equinox chairman — is reportedly mobilizing a $100 million campaign to elect NYC's next mayor. Take a look at how one of the city's richest residents built his fortune. Unless he is giving it to mayawiley we dont wanna hear it!!!
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
The pandemic has shifted what people prioritize when buying a home - 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.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Super rich barter yachts, mansions, and caviar in pandemic - 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. PuddlesCarolina No, that’s so wrong it brings tears 😭 to my eyes. Thanks for making the rest of us feel crappy about out lives. So basically boosting the economy bc they spend
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
US, Canada border should be open, trade should flow during pandemic - 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. MaryscottG cabc_co When America gets their house in order we’ll open the border! Until then keep your COVID outbreak there please MaryscottG cabc_co Canadians viewed Americans as the superspreaders of Covid-19. Please stay in America for now. MaryscottG cabc_co No thank you... yes, keep trade going. But - as a Canadian & American, living in Canada - no thanks to my fellow Americans visiting Canada, until the United States cleans up its act on pandemic control & mitigation. - JMH SafetyFirst SaveALife WearAMask
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Which travel insurance you should buy for a flight during the pandemic - 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.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »