
New York CNN —
Restaurant industry icons where Americans went out for decades for wings, dinner, and celebrations are facing a crisis.
Hooters filed for bankruptcy this week, the latest casual dining chain to go belly up.
Red Lobster, TGI Fridays and Buca di Beppo also filed for bankruptcy in the last year.
Meanwhile, sales at Denny’s, Applebee’s, Outback Steakhouse, Bonefish Grill, Red Robin and Cracker Barrel’s are dropping, and they are shuttering hundreds of restaurants.
Casual dining chains typically cater to lower and middle-income families looking for a sit-down meal, but diners are abandoning these companies as their disposable income shrinks.
Wow! We have enjoyed those restaurants.
They will be missed!








