Casual dining is in danger — and millennials are to blame.
Brands such as TGI Fridays, Ruby Tuesday, and Applebee's have faced sales slumps and dozens of restaurant closures, as casual dining chains have struggled to attract customers and grow sales.
"Casual-dining restaurants face a uniquely challenging market today," Buffalo Wild Wings CEO Sally Smith recently wrote in a letter to shareholders.
According to Smith, these sit-down restaurants' struggles can blamed on the most-frequently besmirched generation: millennials.
"Millennial consumers are more attracted than their elders to cooking at home, ordering delivery from restaurants and eating quickly, in fast-casual or quick-serve restaurants," Smith wrote.
Millenials are too focused on food ordering apps and healthy cuisine.
(Score: 4, Insightful) by Anonymous Coward on Tuesday June 06 2017, @03:21AM (2 children)
Damn Millennials have woken up and are not willing to sacrifice both wealth and health to keep Applebees and TGI Fridays alive?
Talk about entitlement... CEOs feeling entitled to the consumer's money and blaming consumers for not wanting to buy their crap.
(Score: 3, Touché) by The Mighty Buzzard on Tuesday June 06 2017, @10:44AM
Yup. Welcome to capitalism, bitches. Resources have to be valuable for you to get value in exchange.
My rights don't end where your fear begins.
(Score: 2) by jmoschner on Tuesday June 06 2017, @12:31PM
That's right. They're willing to sacrifice wealth and health to keep Chipotle alive.