T.H.E.M.
¨We believe in the judgment; we believe this first judgment will take place as God revealed, in America...¨
T.H.E.M.
¨We believe in justice for all, whether in God or not; we believe as others, that we are due equal justice as human beings.¨
Chain restaurants have permanently closed over 500 locations so far in 2020. Here’s the full list.
- Restaurant chains were set to suffer major losses since the beginning of the pandemic.
- Even with dining rooms reopening in some parts of the country, it’s still nearly impossible for casual-dining restaurants to generate a profit at reduced dine-in capacity.
- As a result, many chains have permanently closed some stores, and some brands have decided to throw in the towel altogether.
- IHOP, Denny’s, and TGI Fridays are among the nine chains that have cumulatively closed over 600 restaurants for good.
- Visit Business Insider’s homepage for more stories.
It has begun.
As soon as the pandemic hit, restaurant-industry experts knew that many restaurants wouldn’t make it through. On April 1, UBS predicted that one in five restaurants may close as a result of the pandemic.
While independent restaurants have been hit much harder than many chains, chains aren’t immune. Chains often rely on independent owner-operators to run restaurants, and these franchises often don’t have the same robust financial resources of the brands they represent.
Even though much of America is opening up, most locales have implemented social-distancing guidelines that make it impossible for restaurants to generate a profit even if they reopen dining rooms. And early data has indicated that reopening isn’t the fiscal cure-all some hoped it would be, especially for restaurants…….more here
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