FJB Economies Latest Victim!

[Kyle]

Hooters shutters dozens of ‘underperforming’ restaurants, optimistic for future


Hooters joins a growing list of restaurants struggling in today's market


The Atlanta-based sports bar chain, Hooters, abruptly shuttered dozens of "underperforming" restaurants across the U.S., as it joins a growing list of eateries facing the harsh realities of inflation and changing consumer habits, according to reports.

Nation’s Restaurant News (NRN) reported that word began to spread on Sunday evening that Hooters locations in places like Bryan, Texas; Lakeland, Florida; and Louisville, Kentucky were closing abruptly, with nearly 40 restaurants in the U.S. shutting their doors.

Hooters shutters dozens of ‘underperforming’ restaurants, optimistic for future: reports

Hooters has reportedly shut down dozens of locations in places like Texas, Kentucky and Florida, citing concerns the stores were underperforming.

www.foxbusiness.com

 

[SamSpade]

Here's the kicker - there will be no end to Democrats telling you that the economy is roaring and the idea that YOU are having difficulty is a bunch of gaslighting and crap spewing from FOX News and right wing media.

Ditto crime and oh in fact, the waves of illegal aliens - that's GOOD for America.

You're not going on vacation - buying a new car or moving into a new house - your kids still live with you - you're burning up your savings which doesn't buy as much as it used to, and God help you, you might be paying bills on credit cards. All the while being told, it's all a bunch of hooey and don't listen to those folks telling you, you have it bad.

And they wonder why we don't believe them on lots of OTHER stuff.

 

[Hijinx]

Restaurants are getting unaffordable to many of us.

The Bob Hope theme song seems appropriate here.

Thanks for the Mammaries

 

[HemiHauler]

Hooters is having problems because their wings are awful compared to what the used to be. Further, there is a proliferation of breastaurants these days which have a more profitable business model.

And it’s not like girls with a pretty smile and a nice pair of tits can’t find work.

Flush the effluvia, let marginal firms die. The strong will thrive.

 

[SamSpade]

Hooters is having problems because their wings are awful compared to what the used to be. Further, there is a proliferation of breastaurants these days which have a more profitable business model.

And it’s not like girls with a pretty smile and a nice pair of tits can’t find work.

Flush the effluvia, let marginal firms die. The strong will thrive.

Generally, they are all - dying. Restaurant business had their worst year last year. Depending on how you measure, down 15-20%.

What you're saying is akin to saying let marginal newspapers or movie theaters die. They're all doing bad.
MAYBE not the best analogy - because I think both of those are going to die completely eventually, whereas I think people are always going to want to dine out, even if sparingly.

SO FAR, the chains that specialize in wings have been doing poorly without major changes. Buffalo Wild Wings went to a more buffet style a while back, and they're surviving after years of floundering. We had a local chain called Buffalo Wings and Beer - that didn't work out.

------------------------------------------------------------------


I wouldn't dismiss this because, hey, restaurants FAIL. I get it. Right now, everything is doing worse, including FAST FOOD.

 

[HemiHauler]

Generally, they are all - dying. Restaurant business had their worst year last year. Depending on how you measure, down 15-20%.

What you're saying is akin to saying let marginal newspapers or movie theaters die. They're all doing bad.
MAYBE not the best analogy - because I think both of those are going to die completely eventually, whereas I think people are always going to want to dine out, even if sparingly.

Yes, this is how advanced economies work. Consumer preferences migrate, personal finance ebbs and flows, and efficiencies constantly improve business models. Some firms are willing to invest so they can compete in an increasingly competitive market.

Some industries disappear altogether. Just the way things go

Hooters has been having problems since the early 2000s.

 

[SamSpade]

Yes, this is how advanced economies work. Consumer preferences migrate, personal finance ebbs and flows, and efficiencies constantly improve business models. Some firms are willing to invest so they can compete in an increasingly competitive market.

Some industries disappear altogether. Just the way things go

Hooters has been having problems since the early 2000s.

Hadn't noticed - although early 2000s is probably the last I personally went to one.

It would be hard to directly link a restaurant chain closing to "Bidenomics". Life ain't that simple.

HOWEVER - inflation is killing a lot of them. This is across the board, to chains, to fast food and even carry out.
No one wants to buy a fifteen dollar sandwich they might be able to make themselves for four bucks, or pay 5 dollars for a paper cup of soda that costs less than a dollar to buy at a grocery. Right now, the appeal of fast food is STRICTLY convenience - because it's now no longer a quick cheaper alternative to regular restaurants.

 

[GURPS]

No one wants to buy a fifteen dollar sandwich

Instead of McDonald's or Burger King, I am going to Red Robin or Silver Diner

HOWEVER - inflation is killing a lot of them.

Well in Cali-FU artificial wage increases

 

[SamSpade]

Instead of McDonald's or Burger King, I am going to Red Robin or Silver Diner



Well in Cali-FU artificial wage increases

That's just the tip of the iceberg. You notice those right off. Lots of smaller chains that can't compete with McDonalds or Wendy's are finding it hard to make their fast food stuff cheap enough to compete.

I was just at the Chinese buffet place in Leonardtown - they have all of their prices scratched out and overwritten. It's everywhere and been that way for a while.

 

[Sneakers]

The "pandemic" has a lot to do with it too. Being forced to stay home, people realized that it was cheaper not to go out so often. I myself just simply got out of the habit of going out, so now I rarely do. I don't have to get cleaned up to make myself presentable.

 

[SamSpade]

The "pandemic" has a lot to do with it too. Being forced to stay home, people realized that it was cheaper not to go out so often. I myself just simply got out of the habit of going out, so now I rarely do. I don't have to get cleaned up to make myself presentable.

Not so sure. I got the impression at least, in the CITIES, people were relieved to be able to go out again. I think a great deal of it is cost.
I know it's true for ME. Used to be I could guess how much a night at a simple family restaurant would run - so much for older daughter, wife, son would still eat the cheapest thing, other daughter always wanted rice or noodles - and boom, about 50-65 bucks. NOPE. EASILY about 10-15 more, and I'm still talking Red Robin or Applebees. Because the entrees are all at least two dollars more.

I DO think it affected going to the movies, because for THAT, streaming services began offering advance viewings of stuff ALREADY in theaters - and what's the point of going, when it is STILL CHEAPER to pay for it at home? Even at 20+ bucks to see it streaming, still beats the cost of taking the family for ten or more bucks apiece with concessions.

I do believe that movie theaters are doomed unless they can find some other angle to get people into the seats.

 

[RoseRed]

I do believe that movie theaters are doomed unless they can find some other angle to get people into the seats.

Better movies would be a good start.

 

[SamSpade]

Better movies would be a good start.

That too. But Hollywood has been making either BAD movies - or pure "art" movies which win awards but bore the hell out of most audeinces - more sequels - or just newer versions of older stories and in a few cases - the EXACT same story.

Still - I tended to think that "Top Gun:Maverick" was the kickstart to going back - for once the movies were worth going back to see.

I can't think of a movie SINCE that I've been looking forward to seeing hit the theaters.

 

[RoseRed]

That too. But Hollywood has been making either BAD movies - or pure "art" movies which win awards but bore the hell out of most audeinces - more sequels - or just newer versions of older stories and in a few cases - the EXACT same story.

Still - I tended to think that "Top Gun:Maverick" was the kickstart to going back - for once the movies were worth going back to see.

I can't think of a movie SINCE that I've been looking forward to seeing hit the theaters.

I believe that is the movie I saw in a theatre. There seems to be a glut of Marvel type movies that I have zero interest in seeing. Although, Joker was really good.

 

[SamSpade]

I believe that is the movie I saw in a theatre. There seems to be a glut of Marvel type movies that I have zero interest in seeing. Although, Joker was really good.

The thing is, most of the first Marvel movies had an end in sight - the first few, to conclude in "The Avengers".

The next round concluded in the blockbuster "Endgame" - which saw the deaths of Black Widow, Iron Man, Vision, permanent change to Hulk - and possibly retirement for Hawkeye. And others. Spiderman is basically - done. Scarlet Witch is dead. Endgame permanently changed the Marvel Universe, but it also meant - all future movies wouldn't have the Marvel characters people love the most.

What's left? Fantastic Four? ANOTHER reboot? They've really just - run out of material people want to see.

 

[RoseRed]

The thing is, most of the first Marvel movies had an end in sight - the first few, to conclude in "The Avengers".

The next round concluded in the blockbuster "Endgame" - which saw the deaths of Black Widow, Iron Man, Vision, permanent change to Hulk - and possibly retirement for Hawkeye. And others. Spiderman is basically - done. Scarlet Witch is dead. Endgame permanently changed the Marvel Universe, but it also meant - all future movies wouldn't have the Marvel characters people love the most.

What's left? Fantastic Four? ANOTHER reboot? They've really just - run out of material people want to see.

You speaka Greek to me.

 

[gemma_rae]

I believe that is the movie I saw in a theatre. There seems to be a glut of Marvel type movies that I have zero interest in seeing. Although, Joker was really good.

Joker was the last movie I saw in a theatre.

 

[RoseRed]

Joker was the last movie I saw in a theatre.
View attachment 177767

I've seen it twice. At home.

 

[gemma_rae]

If Murray Franklin was played by Alec Baldwin:

 

[Hijinx]

That too. But Hollywood has been making either BAD movies - or pure "art" movies which win awards but bore the hell out of most audeinces - more sequels - or just newer versions of older stories and in a few cases - the EXACT same story.

Still - I tended to think that "Top Gun:Maverick" was the kickstart to going back - for once the movies were worth going back to see.

I can't think of a movie SINCE that I've been looking forward to seeing hit the theaters.

I thought Top Gun Maverick sucked.