Economic News

MAFSI Business Barometer shows sales down 24.4% in Q3 2020

MAFSI Barometer Clocks ‘Painful’ Q3 Sales Drop

Reps’ group says E&S sales dropped 24%, but vaccine offers hope for recovery in 2021.

Restaurant Interior

October’s Sales Slip a Concern Ahead of Winter

Monthly restaurant sales declined for the first time since the end of the spring lockdowns, the National Restaurant Association reports.

Florida Adopts $15 Minimum Wage Amendment

Over the objection of restaurant owners, the measure will gradually raise pay over the next six years.

Sweetgreen to Layoff 20% of Corporate Staff

Company CEO says restructuring plan includes an emphasis on digital and streamlined menu.

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.

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