(Epic Economist)—Over the past four years, many of us have had the unpleasant surprise of learning that our go-to restaurant, coffee shop, or fast food joint was closing doors for good. Thousands of well-established companies have gone out of business since the pandemic accelerated the descent of the U.S. economy, and conditions have been particularly tough in the restaurant industry. Even during the best of times, managing a restaurant comes with plenty of uncertainty. Though a brand can be incredibly popular amongst consumers, there’s a variety of factors that can result in mass closings, and in some cases, bankruptcy.
We tend to think that the biggest restaurant chains in America are better prepared to handle these challenges, but the truth is that many of them are, in fact, more exposed to financial problems due to their enormous expenses and extensive brick-and-mortar footprint.
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Both inflation and deflation can cause drastic changes in consumer behavior, leading to lost sales and rendering some locations regrettably unprofitable. On top of that, something most people do not know is that, despite being backed by huge corporate entities, lots of restaurants have been struggling to stay afloat for quite a long time, and recent developments have just been the last straw for them.
That’s why a considerable number of chains is closing multiple locations right now. While for some this is goodbye forever, for others, the closings are necessary to restore the health of their business. Executives are citing issues like underperformance and slowing foot traffic, as well as broader concerns about the strength of the American buying power over the long run, as some of the reasons behind the latest closures. Meanwhile, other companies are simply shuttering locations suddenly and without warning, leaving customers and even employees wondering what went wrong.
Here’s the list:
- Cracker Barrel
- Applebee’s
- TGI Friday’s
- Denny’s
- Boston Market
- MOD Pizza
- Hooters
- Carrabba’s Italian Grill
- Hardee’s
- Tijuana Flats
- Noodles & Company
- Krystal
- White Castle
- Bagger Dave’s
- Chili’s
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The medication supply chain from China and India is more fragile than ever since Covid. The US is not equipped to handle our pharmaceutical needs. We’ve already seen shortages with antibiotics and other medications in recent months and pharmaceutical challenges are becoming more frequent today.
Our partners at Jase Medical offer a simple solution for Americans to be prepared in case things go south. Their “Jase Case” gives Americans emergency antibiotics they can store away while their “Jase Daily” offers a wide array of prescription drugs to treat the ailments most common to Americans.
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Our “booming” economy. Sure, sure. Trump 2024! America First! ULTRAMAGA!
Don’t forget the rise of crime from the 13%.
The world is ending, buy my stuff.
Even though they won’t say, I’m sure you’ll find the vast majority of these closings is due to rampant crime.
Among the primary reasons: Low sales due to economic squeeze on customers, rising costs, declining profit for owners, declining quality further driving down demand, insufficient and unmotivated staff, increasing crime.
Another doomer vid. Buy them goldz.