The Core

Why We Are Here => Economics & Investing => Topic started by: rcjordan on February 21, 2017, 09:17:45 PM

Title: More US chain restaurant woes
Post by: rcjordan on February 21, 2017, 09:17:45 PM
Dozens Of Outback Steakhouse, Bonefish Grill, & Carrabba's Restaurants Closing

https://consumerist.com/2017/02/21/dozens-of-outback-steakhouse-bonefish-grill-carrabbas-restaurants-closing/
Title: Re: More US chain restaurant woes
Post by: rcjordan on February 22, 2017, 06:02:38 PM
McDonald's to Cut Prices on Drinks as Fast-Food Industry Slumps

https://www.bloomberg.com/news/articles/2017-02-22/mcdonald-s-to-cut-prices-on-drinks-as-fast-food-industry-slumps

Sacrificing a cash cow. That's serious (and proven hard to recoup later, IIRC).
Title: Re: More US chain restaurant woes
Post by: Mackin USA on February 23, 2017, 12:49:53 AM
Guess we should use our Gift Certificate to Outback Steakhouse SOON
Title: Re: More US chain restaurant woes
Post by: Brad on February 23, 2017, 12:43:48 PM
These national chain restaurants are what I usually avoid.  They all seem the same and over priced for a canned decor and experience.  Maybe this will give the locally owned places a boost.

Applebee's just closed here, few people noticed.
Title: Re: More US chain restaurant woes
Post by: rcjordan on February 23, 2017, 01:24:57 PM
>this will give the locally owned places a boost

Since Travoli turned us on to using Yelp even for roadside food vendors (Hawaii), we've used it with great success even in very small towns.  I've often thought that Yelp, Google maps w/ embedded reviews, and TripAdvisor (**HUGE** in Hanoi) served to promote or kill the local independent.  Reading indicates that the millennials are shying away from corporate restaurants. I expect the internet is one of their main tools.
Title: Re: More US chain restaurant woes
Post by: Mackin USA on February 23, 2017, 01:37:18 PM
Ruth Ann is a big believer in supporting LOCAL & uses Yelp all the time.