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from the employees-can't-afford-to-be-customers dept.
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: 0) by Anonymous Coward on Tuesday June 06 2017, @03:57AM
Also, that 20% lower wages is understating the problem. Many critical industries including education, healthcare, and housing have been increasing in cost far more rapidly than inflation. There are also far more 'things' people can, and arguably must (try living without internet), spread their money about on today. So though the nominal inflation adjusted value puts it at 20%, in reality one can only imagine what the real value there is.