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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: 2) by zafiro17 on Tuesday June 06 2017, @04:35PM (1 child)
I don't get the idea this is about money, it's a matter of shifting tastes. I'm middle aged, so not a Millennial, but I'm not a huge fan of those chains either, though I will from time to time eat there. You walk into one and you know exactly what to expect - and that makes it boring. Tastes change over time, corresponding roughly but not exactly to generations. That's what's happening here - tastes are changing and it's lazy journalism to be able to pin it quickly on a generation, rather than on a market trend.
The world is ready for something new, that's all. TGIFriday's is nothing new under the sun. Next!
Dad always thought laughter was the best medicine, which I guess is why several of us died of tuberculosis - Jack Handey
(Score: 3, Informative) by HiThere on Tuesday June 06 2017, @04:42PM
Were I to guess I'd guess that it's because they have less free cash and less time.
Javascript is what you use to allow unknown third parties to run software you have no idea about on your computer.