#consumer-spending-decline
#consumer-spending-decline

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Greene King to sell 150 pubs as operator reshapes estate amid mounting cost pressures

Greene King is selling 150 managed pubs and converting 150 others to tenanted or franchise models to address rising costs, weak consumer spending, and structural hospitality sector challenges.

Business

fromFast Company

5 days ago

U.S. economy expanded at just 0.7% in fourth quarter

U.S. fourth-quarter GDP growth was revised down to 0.7% annually, significantly below initial estimates, primarily due to a government shutdown that slashed federal spending by 16.7%.

UK news

fromBusiness Matters

6 days ago

UK economy stalls in January as hospitality slowdown drags growth to zero

UK GDP recorded zero growth in January as households reduced discretionary spending, with food and drink services declining 2.7% amid persistent financial pressures.

fromFast Company

2 weeks ago

Papa Johns to close hundreds of locations: List of doomed pizza restaurants grows in 2026

Papa Johns' chief financial officer and president of North America Ravi Thanawal said the company plans to shutter a total of 300 underperforming restaurants in North America "that are not meeting brand expectations or lack a clear path to sustainable financial improvement, as well as locations where we can effectively transfer sales to a nearby restaurant."

Business

Artificial intelligence

fromFuturism

3 weeks ago

If AI Causes an Office Job Wipeout, It'll Cause Huge Problems for Blue Collar Work Too

Mass AI-driven job losses across white collar sectors would cascade into blue collar labor markets, pressuring entire economy and reducing consumer spending.