Crippled By Coronavirus, Waffle House Faces A Harsh Reality: ‘We’ve Never Seen Anything Like This’

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités
  • 📰 Forbes
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Widespread stay-at-home orders have led to catastrophe for many businesses and the famed Waffle House is no different

he past two weeks have been sobering for Waffle House Chairman Joe Rogers Jr. The chain of no-frills, 24-hour breakfast spots has remained defiantly open in the face of so many disasters that theHurricane Hugo couldn’t shut the doors for long in Charleston in 1989. The same in Georgia when Irma crashed through two years ago. The index was solid green in Joplin, Missouri, after a tornado killed 158 people there in 2011.

It fits the slow-growth strategy he has pursued from the start. Rogers had planned to open around 80 new locations this year, while Burger King, which franchises 99% of all locations, added 1,000 last year.Most of why we are here today is learning what not to do,” said Rogers. “We don't have the most creative restaurant concept you've ever seen. We're just a throwback to a diner.”

When Hugo hit Charleston, Rogers duked it out with a National Guardsman who wanted them to shut down, until the guardsman realized it was the only restaurant open in the area that was able to feed 3,000 emergency workers. “When you lose the Waffle House, you're losing the local economy,” he said, noting that quarantine and shelter-in-place measures will leave the restaurant industry, along with the broader economy, in a state of disrepair.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Forbes /  🏆 394. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Work-from-home stocks are in the spotlight on Wall Street - Business InsiderWork-from-home stocks are in the spotlight on Wall Street - Business InsiderA new breed of tech stocks is thriving as the world works from home. Here are the key things to look for to make your own 'work from home' tech portfolio.
Lire la suite »

Wall Street soars on hopes of slowing coronavirus deathsWall Street soars on hopes of slowing coronavirus deathsU.S. stocks rocketed higher on Monday, with each of the major indexes rallying at least 7%, after a fall in the daily death toll in New York, the country's biggest coronavirus hot spot, fueled optimism a leveling off of the pandemic was on the horizon.
Lire la suite »

How Wall Street is responding to the coronavirus pandemic - Business InsiderHow Wall Street is responding to the coronavirus pandemic - Business InsiderA trading bonanza while WFH: Here's everything we know about how WallStreet giants are responding to the coronavirus pandemic
Lire la suite »

Wall Street gains on signs of coronavirus slowdownWall Street gains on signs of coronavirus slowdownWall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain the outbreak were working.
Lire la suite »

Iger Floats Temperature Checks at Disney Parks, But Wall Street Sees Two Years Before Normalcy ReturnsIger Floats Temperature Checks at Disney Parks, But Wall Street Sees Two Years Before Normalcy ReturnsAs the Walt Disney Co. looks beyond the current coronavirus crisis and to a point where its worldwide theme parks and resorts may re-open, Disney executive chairman Bob Iger has floated the possibi…
Lire la suite »

Oil drop saps gains as Wall Street fades lateOil drop saps gains as Wall Street fades lateWall Street fell on Tuesday, as a drop in oil prices steepened in the latter stages of the session and erased early gains built on tentative signs that coronavirus outbreaks in some of the biggest U.S. hot spots may be leveling.
Lire la suite »



Render Time: 2025-04-04 01:38:20