monsantomafia
fastfood
foodsupply
economy
12/11/2024
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By Arsenio Toledo
Wendy’s announces closure of 140 restaurants nationwide
Wendy’s has announced the closure of 140 underperforming locations in the United States. This decision is part of a strategic effort to streamline operations, improve profitability and focus on high-growth areas. The 140 restaurant closures were identified through a comprehensive, data-driven review. These locations were described as outdated and underperforming, with financial results “well below […]
10/25/2024
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By Laura Harris
Rising costs, shrinking consumer spending and changing customer habits push more restaurants into bankruptcy
At least 10 major restaurant chains have filed for Chapter 11 bankruptcy this year due to rising costs, shrinking consumer spending and the disappearance of pandemic-era financial support. In August alone, three notable restaurant chains sought bankruptcy protections. Mediterranean fast-casual chain Roti filed on Aug. 23, citing challenges from high operating costs and decreasing foot […]
09/03/2024
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By Ethan Huff
Dozens of KFC restaurants across Midwest CLOSE SUDDENLY – Is EYM Group (Pizza Hut, Burger King) struggling to survive?
Hundreds of employees were let go abruptly after dozens of KFC restaurant locations across Illinois, Indiana and Wisconsin closed suddenly this past week. As many as 25 KFC restaurants owned by fast food franchisee EYM Chicken are now empty retail shells, but parent company EYM Group, which owns other fast-food chains like Pizza Hut, Burger […]
06/18/2024
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By Olivia Cook
America is in the middle of a “restaurant apocalypse,” an ominous sign for the U.S. economy
The United States is witnessing a rapid decline in the country’s restaurant industry, notable as a bellwether for gauging the health of the U.S. economy. During economic prosperity, restaurant parking lots are packed and new locations are rapidly popping up. Conversely, during economic downturns, restaurants see a significant drop in patrons and struggling locations often […]
05/31/2024
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By News Editors
BIDENFLATION: McDonald’s menu prices up 40% since 2019
Joe Erlinger, president of McDonald’s USA, addressed recent claims concerning increased menu prices through an open letter on Wednesday. The fast food executive acknowledged that McDonald’s menu items have seen an average price rise of about 40 percent since 2019. While Erlinger sought to refute claims by House Republicans — among others — that menu price hikes exceeded 100 percent, he did confirm […]
05/28/2024
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By Laura Harris
6 Fast food companies increased their prices by 77.4% in 51 months, outpacing the 21.5% inflation rate over the same period
A recent report from The Street reveals that six American fast food companies have increased their prices by 77.4 percent in a span of 51 months, far outpacing the inflation rate over the same period. According to the Bureau of Labor Statistics inflation calculator, the overall inflation rate between December 2019 and March 2024 is about 21.5 percent. Over […]
05/28/2024
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By News Editors
America in 2024: Fast food is a “luxury”, 11 million children live in poverty, and 1000s of stores are closing
Little by little, our standard of living has been eroding. A couple decades ago, we had the largest and most prosperous middle class in the history of the world, but now most of the country is struggling. At this point, fast food is considered to be a “luxury”, 11 million children are living in poverty, […]
02/01/2024
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By Zoey Sky
Portent of things to come: Move to go cashless by McDonald’s greeted with calls for BOYCOTT
Many angry McDonald’s customers are considering a boycott of the popular fast-food restaurant because the company has announced that some of its outlets in Melbourne, Australia, are going cashless. It began when one disgruntled customer shared a photo of the sign at a McDonald’s drive-through in Clayton South, Melbourne, which informed diners that cash would not be […]
04/05/2023
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By Ethan Huff
McDonald’s “temporarily” shuts down U.S. offices, announces impending layoffs
The world’s most well-known fast-food chain is closing its doors, at least temporarily, while it sizes up which corporate employees will get axed in the coming days. That fast-food chain is McDonald’s, which like many other American corporations is having to trim its human resources amid a collapsing economy. According to reports, McDonald’s is engaging […]
01/10/2023
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By Ethan Huff
NOT LOVIN’ IT: McDonald’s to lay off many of its 200,000 corporate employees in coming months
Starting in April of 2023, the McDonald’s fast-food chain is planning to lay off thousands of people from within its corporate structure. CEO Chris Kempczinski wrote in a memo that the company is “unfocused” and in need of some serious trimming. With roughly 200,000 people working in corporate roles at McDonald’s, there are plenty of […]
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