MACY'S closed 50 stores before covid.
NOW 150!
https://nj1015.com/ixp/854/p/many-jobs-lost-beloved-mall-retailer-confirms-massive-closings/
I really think this is due to the high rents everywhere, considering the size of the buildings the leases must be enormous. I think this is why Olive garden close to 110 restaurants. You can't make the food any cheaper or people any sicker than chain restaurants having lease rent issues.
I really hope people vote on the economy this November.
Restaurants in general don't make very high margins. They're just buying a product, putting a bow on it, and reselling it. They don't produce anything.
they produce tips for their employees, and taxes for the government.