Please ensure Javascript is enabled for purposes of website accessibility
Most Independent Restaurants Experienced a Sales Decrease of More Than 50% in December
News
By News
Published 3 years ago on
January 18, 2022

Share

 

The National Restaurant Association estimates that more than 90,000 restaurants and bars have closed since the beginning of the pandemic. You wouldn’t know it from listening in on earnings calls from the big chains. Those well-capitalized companies with significant brand equity can weather most downturns, no doubt, even if they’re consecutive.

But as we barrel toward what many experts believe will be the peak of this latest COVID variant, independent restaurants are limping at best. According to new data, 58% of these businesses experienced a sales decrease by more than half in December 2021 and that was before this variant’s peak. The trend is consistent with Open Table data showing a sharp drop in dine-in traffic in December.

Read more at Forbes

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

Wall Street Falls as Trump Says China Violated Tariff Terms

US Defense Secretary Warns Indo-Pacific Allies of ‘Imminent’ Threat From China

6 hours ago

Hamas Responds to the US Ceasefire Proposal for Gaza While Seeking Amendments

6 hours ago

California Gubernatorial Candidate Steve Hilton Vows to Repeal Transgender Athlete Law

If Steve Hilton becomes California governor, he says he would demand the state Legislature overturn a law allowing transgender athletes to c...

3 hours ago

Steve Hilton, a 2026 candidate for governor, speaks at a news conference on May 31, 2025, outside Veterans Memorial Stadium in Clovis. (GV Wire/David Taub)
3 hours ago

California Gubernatorial Candidate Steve Hilton Vows to Repeal Transgender Athlete Law

5 hours ago

Trans Athlete Competes in California Championships in Clovis Despite National Controversy

6 hours ago

Tim Walz Urges Democrats to Fight Back Harder Against ‘Bully’ Trump

6 hours ago

US Defense Secretary Warns Indo-Pacific Allies of ‘Imminent’ Threat From China

6 hours ago

Hamas Responds to the US Ceasefire Proposal for Gaza While Seeking Amendments

7 hours ago

No. 15 Overall Seed UCLA Eases Past Fresno State Behind a Season-High 22 Hits

7 hours ago

Judge and Ohtani Light Up the First Inning With Historic Homers in Yankees-Dodgers Rematch

7 hours ago

Chapman Homers, Harrison Pitches Five Scoreless Innings as Giants Beat Marlins

Help continue the work that gets you the news that matters most.

Search

Send this to a friend