▶youtube BusinessEconomy first seen 6 d ago, last 15 min ago, peak #1
Thousands of American restaurants closing amid rising costs
Original: Thousands of American restaurants closing over rising costs, declining sales
CBS Evening News reports that thousands of restaurants across the United States are closing their doors, citing rising operating costs and declining customer sales. The closures span chains and independent eateries, reflecting pressures from higher food, labor and rent expenses at a time when consumers are cutting back on dining out. The report has drawn wide attention as a sign of strain on the US food service industry.
Why now: Rising costs and weakening consumer spending are hitting the restaurant industry hard, making widespread closures a timely economic concern.
CBS Evening NewsAmerican restaurant industryUnited States
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- Thousands of American restaurants closing over rising costs, declining sales · CBS Evening News · 1.3M
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