Economics

972 readers

25 users here now

founded 2 years ago

181

Wendy’s to close hundreds of restaurants as struggling customers cut back on dining out (www.independent.co.uk)

submitted 4 days ago by MicroWave@lemmy.world to c/economics@lemmy.world

51 comments fedilink hide all child comments

Wendy’s is set to close hundreds of restaurants as customers struggling financially cut back on dining out.

Interim CEO Ken Cook announced on an earnings call Friday that the fast food chain will close a “mid single-digit percentage” of locations. With about 6,000 restaurants, Wendy’s could shutter between 200 to 350 locations.

Cook said some restaurants are expected to close as early as later this year, and locations will continue to shutter in 2026.

you are viewing a single comment's thread
view the rest of the comments

[–] QuoVadisHomines@sh.itjust.works 2 points 2 days ago

Im not claiming we need to perpetuate capitalism. Im saying the opposite because it did work really well and brought a ton of people out of poverty. Now it's killing the planet and we need a collectivist solution to that problem. Capitalusm is by nature not collectivist and will never address our environmental collapse.