Restaurant News Roundup: Endangered Chains, Labor Shortage, Subway Struggles

 

Rising labor costs, changing millennial preferences are crippling restaurant chains like TGI Fridays, Applebee’s, Buffalo Wild Wings and Chili’s.  Those concepts appeal to baby boomers, according to the Business Insider, but for millennials…..not so much.  Read more here: http://www.businessinsider.com/fast-food-heading-for-crisis-2018-5

A shortage of teenage workers is hurting the fast food industry.  Read more here: https://www.nytimes.com/2018/05/03/upshot/fast-food-jobs-teenagers-shortage.html

Subway closes stores as the chain struggles to keep up with growing competition and changing consumer tastes.  Read more here: