"The Industry Has Never Experienced Anything Like This Before": 3% Of All Restaurants Have Already Closed Permanently

The global Covid-19 pandemic changed the landscape of most industries. One of the hardest hit was the restaurant industry. It experienced extensive setbacks requiring significant innovation, quick improvising, and a 180-degree pivot in the way they ope.....»»

While the industry is still reeling from the impact of the Covid-19 pandemic, dozens of new restaurants opened in the Valley in February......»»

Coastal lifestyle gift store chain Sand People is among the local businesses that have had to retract significantly as a result of the Covid-19 pandemic and Hawaii’s vanished visitor industry. Sand People has permanently closed 10 of its 12.....»»

An estimated 110,000 restaurants having closed permanently or long-term since the coronavirus pandemic began, and urban restaurants — hamstrung by lagging foot traffic — are among the hardest hit......»»

This year has been tough as the coronavirus pandemic ravaged much of the world economy, but it's been especially hard for the restaurant industry, which continues to face the brunt of economic restrictions put in place to slow the virus' spread......»»

From farms to restaurants, a bruising year for the food industry is giving way to opti.....»»

Steak ‘n Shake permanently closed 51 restaurants in the first quarter as a result of the Covid-19 pandemic, according to a quarterly report from its parent company. In addition, San Antonio-based Biglari Holdings Inc. (NYSE: BH) reported a $137......»»

Steak ‘n Shake permanently closed 51 restaurants in the first quarter as a result of the Covid-19 pandemic, according to a quarterly report from its San Antonio-based parent company. Biglari Holdings Inc. (NYSE: BH) reported a $137.9 million loss.....»»

Biba Restaurant is shutting its doors, operators of the longtime Italian eatery in Midtown Sacramento announced Sunday. The decision comes as restaurants across the state have temporarily closed due to shelter-in-place orders to slow the spread of Cov.....»»

  Four out of 10 restaurants in the US have closed because of coronavirus restrictions, and millions in the service industry have lost th.....»»

Closed-down schools and restaurants may have wiped out about 40% of dairy farms' business......»»

Closed-down schools and restaurants may have wiped out about 40% of dairy farms' business......»»

The cuts were most heavily felt in industries such as hotels, restaurants and education as the travel industry shut down, bars and eateries closed their doors, and day care centers shuttered......»»

The Max & Erma’s in Hilliard has closed and it isn’t coming back. The restaurant chain Monday said the location at 4279 Cemetery Road is closed permanently. The historic Columbus brand is now down to just 22 restaurants with six in Central Ohio, in.....»»

Mini Doughnut Factory, the bite-size treat shop that experienced a meteoric rise to local fame, is no more. Lee Kearney, the investor who took over the doughnut shop after suing husband-and-wife founders Patrick and Zezura Ruddell, said Sunday that .....»»

Under new ownership in the last year, this First Coast company wants to remind industry leaders that it can still deliver after 75 years in business......»»

A Columbia Cracker Barrel restaurant in this busy retail area has permanently closed.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

While unemployment claims in the restaurant industry are trending down, a shortage of employees has disrupted the Magic City’s restaurant scene – one of its most critical industries......»»

Two of the largest Chicago hotels that closed early in the COVID-19 pandemic, the Palmer House Hilton and the Sheraton Grand Chicago, are preparing to reopen in June, a sign of hope for the battered dow.....»»