In addition to noting the sobering statistic that experts expect 12,000 to 18,000 restaurants to close nationwide in 2009, a WSJ article goes a little in depth into the recent Steve Hanson shutterings: "Big restaurants have long been key to Mr. Hanson's strategy. Of his remaining businesses, the smallest has 150 seats and the largest 488...'I'm in the volume business,' making a small profit on a large number of checks, Mr. Hanson says. As traffic declined this winter, his model suffered..." [WSJ]
Filed under:
Loading comments...