7/2/2023 0 Comments Radioshark audio double![]() That has forced customers to make trade-offs. Restaurant prices increased 8.5% in April from a year ago, according to the latest data from the Bureau of Labor Statistics. The buffet comeback started in March 2022 as food prices began to climb, he said. Hottovy, the head of analytical research at Placer. “It shows that people are looking for value,” said R.J. Inflation has pushed more middle-class and lower-income customers to buffets, analysts say. ![]() ![]() The median household income of Golden Corral, Cicis and Pizza Ranch customers is below the national average, according to Placer. The company plans to add up to 250 more Golden Corral buffets around the United States over the long run.īuffets are growing again in part due to financial strains on consumers. “People wanted the buffet back,” Golden Corral CEO Lance Trenary told the trade publication. Golden Corral’s sales grew 14% last year from pre-pandemic levels, according to Nation’s Restaurant News. “The higher quality concepts that stuck it out are reaping some rewards, like Golden Corral and Pizza Ranch,” said Jonathan Maze, the editor-in-chief at trade publication Restaurant Business Magazine. Anthony Behar/Sipa USA/APīed Bath & Beyond, Toys 'R' Us and RadioShack all shut down for the same reason The home goods retailer Bed Bath & Beyond announced that it will close 150 stores and cut 20% of its labor force due to weak sales and high inventory supplies. People enter a Bed Bath & Beyond retail store in New York, NY, September 4, 2022.
0 Comments
Leave a Reply. |