Post Profile






Restaurant Industry - Leading Indicator Of US Economy - Sours; As Bankruptcies Pile Up

Submitted by Wolf Richter via WolfStreet.com, “Very challenging” sales trends. On Friday, September 30, Restaurants Acquisitions, the operator of Black-eyed Pea and Dixie House restaurant chains, converted its Chapter 11 filing to Chapter 7 liquidation. The bankruptcy court order noted the company had shuttered its restaurants and management had resigned. The day before, Cosi Inc.
read more

share

Related Posts


Quiznos follows Sbarro into bankruptcy

Business & Finance : Money & Co

Quiznos, the Denver-based sandwich chain, said Friday it had filed for Chapter 11 bankruptcy in Delaware, the second quick-service restaurant chain in a week to do so.

Business Loan Delinquencies Spike To Lehman Moment Level

Business & Finance : Zero Hedge

Submitted by Wolf Richter via WolfStreet.com, A leading indicator of big trouble. This could not have come at a more perfect time, with the Fed once again flip-flopping about raising rates. After appearing to wipe rate hikes off the...

The Great Debt Unwind: Business Bankruptcies Soar 38%

Business & Finance : Zero Hedge

Submitted by Wolf Richter via WolfStreet.com, Six years of Fed & Wall Street hype come home to roost Something funny happened on the way to the bank: In August, commercial and industrial loans outstanding at all banks in the US fell...

Fear Spreads Of A Housing Crash In Canada

Business & Finance : Zero Hedge

Submitted by Wolf Richter via WolfStreet.com, More Canadians sour on their Magnificent Housing Bubble. Canadians have been gung-ho about their magnificent housing bubble, feeding it with an endless willingness to pay every higher pr...

Retailer Bankruptcies Are Hailing Down on the US Economy

Business & Finance : Zero Hedge

Wolf Richter www.wolfstreet.com Another retailer is heading for bankruptcy. This time Aeropostale, with 800 teen-clothing stores, after three years in a row of losses. It’s “preparing to reorganize under a Chapter 11 bankruptcy, and...

Comments


Copyright © 2016 Regator, LLC