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Economy
Restaurant Closings Top 110,000 With Industry in 'Free Fall'
2020-12-08
[MSN] More than 110,000 restaurants have closed permanently or long-term across the country as the industry grapples with the devastating impact of the Covid-19 pandemic. And more pain is ahead, with a potential shutdown of indoor dining in New York City just as the temperatures drop.

The nationwide tally -- representing one in six U.S. eateries -- is among the findings of a survey released Monday by the National Restaurant Association. The figure was up from about 100,000 shutdowns in a September survey. The Washington-based trade group shared the latest results with Congressional leaders in an attempt to secure financial support for a sector rocked by rising costs and falling sales.

"The restaurant industry simply cannot wait for relief any longer," Sean Kennedy, executive vice president of public affairs at the association, said in a letter to Congress. "What these findings make clear is that more than 500,000 restaurants of every business type -- franchise, chain and independent -- are in an economic free fall."
Posted by:Fred

#3  All the MSG you can eat.
Posted by: Alaska Paul   2020-12-08 17:24  

#2  Will be replaced by Chinese restaurants?
Posted by: g(r)omgoru PB   2020-12-08 08:19  

#1  Greedy, independent entrepreneurs will pay the price. You will be re-directed to government approved ration providers.
Posted by: Besoeker   2020-12-08 05:15  

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