Chains like Ruby Tuesday and Red Robin's will never recover until indoor dining fully reopens, as restaurant closures loom
Reuters
- Casual dining chains' recovery is moving at a "lumbering pace," according to a report released by Gordon Haskett on Friday.
- Chains like Red Robin and Ruby Tuesday's sales are hindered by capacity limits, which will continue in most areas until there is a COVID-19 vaccine.
- The loss of an extra $600 in federal unemployment benefits and the disappearance of outdoor seating due to colder weather in some states will only make recovery more difficult in the coming months.
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Casual dining's recovery is moving at a "lumbering pace." And, it's not expected to speed up any time soon.
The stagnant recovery of chains such as The Cheesecake Factory, Applebee's, and Red Robin will be "almost entirely driven by increased capacity limits" in the coming months, according to a report released by Gordon Haskett on Friday.See the rest of the story at Business Insider
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