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One of the best ways to see if the economy in the upward or landing direction is by looking at the extent of restaurants’ performance.
To a large extent, eating in a restaurant is not necessary expenses.
Related: The iconic retail chain begins in business sales
Unlike the basic foodstuffs of groceries, such as butter, milk or eggs, you do not need to buy a meal regularly. Certainly, a nice luxury, but this is exactly what it is. luxury.
So when consumer prices rise and become more expensive to bear the basic necessities such as fuel, rent or medicine, most Americans will reduce appreciation spending. One of the first expenditures to go is the eating budget abroad.
“More than 40 % of adults in the United States with low incomes claim that they are visiting rapid service restaurants (QSRS) often for dinner and lunch compared to this year,” said the CEO of IPSOS Wendy Wallner.
In fact, about 33 % of Americans said they reduce their budget for all types of eating; This includes fast food, leadership, delivery, and meals, for all Ipano.
Photo and colon source; Shutterstock
Eating abroad is more expensive
If it seems to be another check in a restaurant that was more important than before, you don’t imagine things.
The consumer price index found in February that February prices increased by 0.2 % in general, compared to 0.5 % in January.
More closure:
- Another retail chain that struggles in shopping centers closes more stores
- The troubled supermarket chain closes more sites
- The People’s Bank closes dozens of branches (the sites that have been revealed)
Here is how to change different foods during the past month from January to February:
- Food in general: 0.2 % increase
- Food at home: fixed
- Food away from home: an increase of 0.4 %
- Meat, poultry, fish and eggs: an increase of 1.6 %
- Pimples and bakery products: 0.4 % increase
“The food rose from the home index by 0.4 percent in February,” found the consumer price index. “The full service meal index increased by 0.4 percent during the month and the limited service meals index increased by 0.3 percent.”
For the whole year, the cost of full service (or sitting) increased by 3.7 %.
The highest location of the burger chain
Since it becomes more stable to eat, customers choose when and where they put their dollars.
Since most of us are spoiled to choose when it comes to restaurants, our dollars are spreading in many different options. Customer loyalty is no longer anything that most chains can depend on.
Now, Red Robin, a famous burger chain, said it will start closing the sites with low costs and a decrease in traffic.
Red Robin says he will close up to 15 poor -performance restaurants in 2025 alone. It can close up to 70 sites over the next few years.
Related: Global Retail Seller closes most of the stores, no bankruptcy yet
In the fiscal year 2024, Red Robin witnessed a net loss of $ 77.5 million, an increase of 21.2 million dollars in the fiscal year 2023.
RODIN begins what he calls the North Star transformation plan, as it will close 10-15 sites with weak performance every year with the end of rental contracts.
But the CEO GJ Hart believes that the transformation plan can save RODIN from interviewing the fate of some of its competitors, such as Red Lobster, met in 2024.
“While 2024 financial results have decreased much less than our original expectations, we have made significant improvements to the guest experience and we think we still have a great opportunity to reach the full potential of our iconic commercial brand,” Hart said.
ROD ROBIN currently works on about 500 sites.
