Posts Tagged ‘Applebbe’s’
Expect 20,000 Restaurants to Close Over the Next Three Years
Somehow Y&H missed this story when it was originally published, but earlier this month the New York Times‘ Business section reported that 20,000 U.S. restaurants are expected to close over the next three years. Much of the downsizing is due to a specific mania that affected many during the E-Z Credit Era, namely overbuilding.
Times staffer Andrew Martin reports that the casualties will hit all levels, but that the ax will fall hardest on casual chain restaurants, like Applebee’s:
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