Hooters Shuts Down 40 Outlets Due to Surging Inflation

The well-known restaurant chain Hooters has recently announced the sudden closure of 40 branches across the country. The primary reasons behind this decision are the escalating costs of food and rent.

Known for its appealing yet scantily clad waitstaff, the closures will affect stores in Florida, Kentucky, Rhode Island, Texas, and Virginia.

A spokesperson for Hooters revealed to the Daily Mail, “Like many restaurants under pressure from current market conditions, Hooters has made the difficult decision to close a select number of underperforming stores.”

The spokesperson further added, “We look forward to continuing to serve our guests at home, on the go and at our restaurants here in the US and around the globe,”

While not everyone may appreciate Hooters’ unique style and offerings, these closures stand as further proof of the economic strain caused by rampant inflation. This economic turmoil has significantly increased since President Biden’s administration took office in 2021.

Last month saw another popular restaurant chain Red Lobster announcing bankruptcy. They revealed plans for closing nearly 120 outlets across 27 states due to sustained losses.

A recent survey conducted by Lending Tree found that fast food, once considered an affordable option for lower-income workers, is now seen as a “luxury item” by nearly 80 percent of Americans.

The survey stated, “Americans love fast food, but costs are forcing them to curb their cravings. Three in four Americans typically eat fast food at least once a week, but the majority (62%) say they’re eating it less due to rising prices. In fact, 65% of Americans have been shocked by the high price of a fast-food bill in the past six months.

“78% of consumers view fast food as a luxury because it’s become increasingly expensive. Additionally, half of Americans say they view fast food as a luxury because they’re struggling financially,” it continued. “This is especially true among Americans who make less than $30,000 a year (71%), parents with young children (58%), Gen Zers (58%) and women (53%).”

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