Economic News

Ruby Tuesday Is the Latest Chain To File for Chapter 11

The chain plans to close 185 stores as part of restructuring plan.

Sizzler Declares Bankruptcy

Sizzler Files for Chapter 11 Bankruptcy

The steak-and-salad bar chain points to COVID-19 for its troubles.

100,000 Restaurants Lost to COVID

The industry is on track to lose $240 billion this year alone, warns trade group.

In August, Restaurant Customers Were Happy With Food and Service

But diners are starting to bristle at higher check averages.

Luby’s Wants to Liquidate All Assets

Net Proceeds to be distributed to the cafeteria operator's stockholders.

August Restaurant Sales Improve, But…

Don't compare them to this time last year.

Commercial Foodservice Sales Plunge

MAFSI report shows a historic downturn and looks to what's ahead.

7 Safety Takeaways from Virtual NEXT

During FER’S Virtual Next Conference last week, attendees learned from foodservice experts that in the age of COVID-19,

Restaurant Customers Want to See COVID-19 Safety Protocols

The cleanliness of a restaurant now ranks above the taste of the food when it comes to how consumers choose a restaurant.

Largest Pizza Hut Operator Slices Off Stores

Citing lagging dining rooms sales, NPC says move will allow it to maximize value.

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