Predictions about the restaurant industry were grim even before rising coronavirus cases led to a second wave of closures.
Bagley said all of these factors—consumer trepidation, surging cases and costs involved with re-closing—has led to an especially ominous picture for restaurants.“What we’re seeing now is a real dichotomy. You’ve got larger brands, franchised brands and operating groups looking at this as an opportunity,” he said. “We work with mid-tier brands that are looking to buy and expand in a slowdown and we are expecting robust activity in M&A there.
“It’s apparent that the road to recovery is going to be a challenging one for the U.S. restaurant industry,” NPD food industry advisor David Portalatin said in a release. “Consumer demand for restaurant dining is there as well as a want for normalcy, but there is nothing normal about this situation.”
“You’ll see a lot of pain and closings and some of these lower-tier, family-run places will go out of business. But, on the other side of this, somebody will open in a lot of those locations,” Bagley said. “Those places will come back.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Brazil near 100,000 deaths from COVID-19RIO DE JANEIRO (AP) — Brazil was leaping toward a grim milestone of 100,000 deaths from COVID-19 on Saturday, and five months after the first reported case the country has not shown signs of...
Weiterlesen »
China reports 23 new COVID-19 cases in mainland, vs 31 day earlierChina reported 23 new coronavirus cases in the mainland for Aug 8, down from 31 a day earlier, the country’s health authority said on Sunday.
Weiterlesen »
'Your time is up': Thousands protest against Netanyahu over COVID-19 and alleged corruptionThousands of Israelis rallied outside Prime Minister Benjamin Netanyahu's residence in Jerusalem on Saturday as anger mounted over corruption allegations and his handling of the coronavirus crisis.
Weiterlesen »
How cheap, rapid antigen tests could help ease COVID-19 testing delaysExperts say antigen tests could be used by businesses and universities where there is a demand for frequent, rapid testing.
Weiterlesen »
Brazil marks 100,000 deaths from COVID-19Brazil has surpassed a grim milestone — 100,000 deaths from COVID-19
Weiterlesen »
Vietnam reports 31 new COVID-19 cases, one deathVietnam's health ministry on Sunday reported 31 new COVID-19 cases and an additional death, taking the country's total tally to 841, with 11 fatalities.
Weiterlesen »