"We're down at least 70 percent," Smith told "Varney & Co." Thursday while discussing weekday foot traffic compared to his pre-pandemic figures.
REMOTE WORK FOR THE WIN: HOW IN-OFFICE REQUIREMENTS ARE HURTING COMPANIES Smith continued, arguing that remote work is one of the main reasons the New York City restaurant industry has seen a significant drop in attendance. "If you look in all these buildings that we have surrounding us here, 40 to 50 percent of those are empty," Smith told host Stuart Varney.
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