▶youtube BusinessEconomy first seen 7 d ago, last 26 min ago, peak #1
Thousands of US restaurants closing as costs rise
Original: Thousands of American restaurants closing over rising costs, declining sales
Thousands of restaurants across the United States are shutting down, with operators citing rising food, labor and rent costs combined with declining customer sales. The closures are hitting both independent eateries and chains, and are being widely discussed as a sign of strain in the American dining industry and broader consumer economy.
Why now: Rising inflation and weak consumer spending are squeezing the restaurant industry, making closures a current economic concern.
American restaurantsCBS NewsUnited States
Rank over time, top of the chart is #1. 47 snapshots from 2 d ago to 26 min ago.
Evidence
- Thousands of American restaurants closing over rising costs, declining sales · CBS Evening News · 1.4M
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