Hundreds of restaurants begin to close

By: Curtis Wayne   8/14/2017

The restaurant industry is started to feel the same slow down at retail.   

As the economy continues to weaken, consumer move down market.  Those that used to eat at full-service restaurants are shifting to lower cost quick-service restaurants, and those that used to eat at quick-service restaurants are shifting to lower cost fast-food restaurants.   

As many as 160 Applebee's and IHOP locations to close. 

“The casual-dining segment, where both chains are positioned, is experiencing increased trouble as more customers have gravitated to the quick-service restaurants like Panera Bread or Chipotle Mexican Grill, many of which market themselves as offering healthier and more upscale food. “

Copyright © 2021 HowToSurviveARecession.com. All rights reserved.