3% of restaurant operators have already closed permanently

Source: https://www.investmentwatchblog.com/3-of-restaurant-operators-have-already-closed-permanently/
Published: Mar 28, 2020
Author: Kelen McBreen
Post Date: 2020-03-28 14:32:52 by Horse
Views: 831

Stacey @iamstacetheace

3% of restaurant operators have already closed permanently per research from the National Restaurant Association

- 11% anticipate going out of business within 30 days

- 44% are temporarily closedhttps://www.restaurant.org/Articles/News/Study-details-impact-of-coronavirus-on-restaurants …

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#1: Horse    To: All (#0)

Matt Stoller ✔ @matthewstoller

This announcement of layoffs by United Airlines came literally a few hours after they got $25B in grants from the government so they wouldn't have to lay anyone off.

Congress is full of a bunch of fucking morons. https://twitter.com/matthewstoller/status/1243625495331328001 …

Horse posted on 2020-03-28 14:33:52   Reply   Private Reply

#2: Darkwing    To: Horse (#0)

This is the tip of the iceberg. My guess is that 1/3 of all businesses will never re open.

Darkwing posted on 2020-03-29 09:08:28   Reply   Private Reply

#3: Fred Mertz    To: Darkwing (#2)

Good guess, darkie. I'm with your outlook.

Fred Mertz posted on 2020-03-29 13:36:19   Reply   Private Reply

#4: Lod    To: Fred Mertz, 4um (#3)

Put me down for a huge increase in Chapter 12 (reorganization) filings.

Lod posted on 2020-03-29 17:47:18   Reply   Private Reply

#5: StraitGate    To: Darkwing (#2)

Chinese restaurants will likely be hit extra hard. Too bad, because the only restaurant I really like in town is a Chinese buffet. (I used to like Cracker Barrel, too, until they went anti-White, anti- Southern, and pro-queer.)

A few weeks ago when corona fever was still mostly confined to China - - long before any quarantine or house arrest edicts were decreed here in the US -- their parking lot was already empty at lunchtime. And I'll confess that as soon as all the Wuhan news got going, I quit eating there myself, because every once in a while there would be a new FOB waitress there. I've had pneumonia three times, and it like to killed me all three times.

StraitGate posted on 2020-03-29 19:15:36   Reply   Private Reply