US EditionAmerica has lost its appetite for casual dining chains
- Hooters filed for Chapter 11 bankruptcy recently, joining other struggling casual dining chains.
- Diners are abandoning casual dining restaurants as their disposable income shrinks.
- Sales dropped 0.9% across the casual dining sector in 2024, while fast-casual grew 0.6%.
- Former Darden CEO Clarence Otis Jr. Stated brands became out of touch regarding menus and restaurant ambiance.
- Hooters plans a family-friendly makeover after bankruptcy, aiming to win back customers.
44 Articles
44 Articles
How two Army veterans built Hooters internationally
Veterans are known for their entrepreneurial ways. Some try their hands at real estate, consulting or even t-shirts. Lynn “L.D.” Stewart created a restaurant post-Army service that has survived the tumultuous world of dining while creating a name for itself among the American public: Hooters. Yes, you guessed it, the restaurant chain that has locations all over the U.S. and the world, although now it is going through survival pains and restructu…
Hooters axes bikini nights, embraces charity work in post-bankruptcy overhaul
Despite Hooters recently filing for Chapter 11 bankruptcy, CEO Sal Melilli is assuring customers that the iconic restaurant isn’t going away anytime soon.In a March 31 press release, the chain announced a restructuring support agreement (RSA), allowing the business to manage its debts while keeping its doors open."This is a huge inflection moment for our brand. We couldn't be more excited for our customers and employees," Melilli told "Fox & Fri…
Hooters, Red Lobster and TGI Fridays: Why America has lost its appetite for casual dining chains
Rising prices and shrinking budgets are pushing diners away from sit-down chains like Hooters and Red Lobster. Fast food and fast-casual options are taking their place
Coverage Details
Bias Distribution
- 84% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
