Even budget standby Denny's said in October that it would close about 150 stores in the next two years, citing "choppy economic conditions" and reluctance of cost-conscious consumers.
Sit-down chain restaurants may be the quintessential American business, beginning with the expansion of Howard Johnson's after World War II as families got in the car and started to travel. But the economy is challenging the business model. Although inflation is slowing, reticent consumers are eating more at home or at lower-cost fast-food restaurants, where the average check is $7.92, about half the average check at a sit-down restaurant, according to CREST, a database from consumer-insight firm Circana. Many sit-down (or full-service) chain restaurants came into this economic climate deep in debt, and are now struggling to stay afloat.
Denne historien er fra November 25, 2024-utgaven av Time.
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Denne historien er fra November 25, 2024-utgaven av Time.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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NIH budget cuts are causing chaos
THE U.S. NATIONAL INSTITUTES OF HEALTH (NIH) IS THE largest funder of biomedical research in the world, and its grants create the foundation of basic science knowledge on which major health advances are built.
Zero Day's uncannily apolitical Washington
IN AN EARLY SCENE OF THE NETFLIX THRILLER ZERO DAY, a former U.S. President is visiting the site of a deadly Manhattan subway crash when an onlooker starts shouting about crisis actors.
For the love of voice notes
SOMEWHERE IN THE BLUR OF 2020, AS I SLIPPED OUTside with a mask and running shoes in the early morning to walk around the block, the lilting drawl of a friend's \"Hiiiiii\" nearly stopped me in my tracks.
Robert F. Kennedy Jr.As the U.S. Health Secretary
THE SENATE CONFIRMED ROBERT F. Kennedy Jr., one of country's most notorious vaccine skeptics, to run the U.S. Department of Health and Human Services (HHS) on Feb. 13, sparking outrage among public-health experts who worry that Kennedy will harm public health and further erode trust in science and medicine.
THE RISE OF GERMANY'S FAR RIGHT
Alice Weidel's AfD party is making gainswith a boost from the Trump Administration
Net Zero Is Not Enough
AUSTRALIAN MINING BILLIONAIRE ANDREW FORREST'S GREEN CRUSADE
How will your new company, Respin, help women in menopause?
Halle Berry The Oscar-winning actor says there’sa desperate need to inform women about menopause. Her new company aims to fill that education and empathy gap
How we talk about the Holocaust now
VICE PRESIDENT J.D. VANCE ARRIVED AT THE DACHAU concentration camp under low, gray clouds.
South Korea's political drama will produce waves overseas
SOUTH KOREA'S political crisis continues. After President Yoon Suk-yeol was impeached and arrested following his aborted imposition of martial law last December, the country's Constitutional Court will now decide his future. Legal experts say Yoon will soon be removed from office and sent to prison.
WOMEN of the YEAR
13 extraordinary leaders fighting for a more equal future
