Reported about 23 hours ago
Restaurants are struggling as rising costs outpace consumer spending, leading to challenges in maintaining profitability. Long-standing establishments, like Ike’s Chili in Oklahoma, face surging prices for staples like beef and have seen a drop in customer visits, especially among middle-income families. Amid inflation and a shrinking labor pool, many restaurants are forced to rethink their pricing and menu offerings, risking a further decline in patronage as consumers become more price-sensitive.
Source: YAHOO