Restaurant brand shuts doors suddenly due to new trend
Briefly

Restaurant brand shuts doors suddenly due to new trend
"As remote or hybrid work continues to be popular, office attendance has fallen. Less in-person work may increase office vacancy rates and reduce foot traffic to other businesses located in office-dense areas,"
"Even though you may be busy on Wednesday and Thursday, your Mondays and Fridays may be very slow,"
"If someone was to walk by a restaurant around lunch or dinner time on a Thursday, they may say, 'Wow, that restaurant's packed, they're so busy,' but it's not like that every single day."
"In cities such as New York, Los Angeles, and Atlanta, the three-day in-person work week has posed challenges for hospitality businesses. With fewer workers in offices on Mondays and Fridays - which for some businesses were their strongest sales days - many businesses have been forced to shift work schedules or launch initiatives to pull in customers at the start and end of the week,"
Remote and hybrid work patterns have substantially lowered office attendance and downtown foot traffic. Reduced weekday presence has increased office vacancy rates and cut customer visits to restaurants, coffee shops, bars, and other businesses concentrated around offices. Many hospitality businesses face uneven demand—busier midweek but slow Mondays and Fridays—forcing schedule changes and marketing initiatives. The decline in daily commuters has closed numerous restaurants and outlets, including chains and neighborhood venues. Major metro areas have seen billions in lost urban spending and significant declines in food-service jobs. The economic viability of office-support infrastructure has weakened as worker presence remains below pre-pandemic levels.
Read at TheStreet
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