Back then, patronstendedto “trade down” in favor of cheaper eateries as opposed to staying in.
Let’s take a look at five restaurant chains losing customers this year.
Meanwhile, menu prices areup by 8.8%compared to last year.
Burger King / Facebook
“In our view, this reflects weaker consumer sentiment and economic pressures.
Consequently, Burger King is undergoing an ambitious brand reset and modernization dubbed “Reclaim the Flame.”
All in all, BK expects to closeup to 400restaurants in 2023.
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Still, even this casual eating heavy hitter hasn’t been immune to shifting consumer patterns.
“We don’t look at cold days versus warm days.
It’s strictly rain days versus non-rain days.”
Andriy Blokhin/Shutterstock
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Jonathan Weiss / Shutterstock
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