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Consumer Spending

Popular Fast Casual Dining Chain Files For Bankruptcy Popular Fast Casual Dining Chain Files For Bankruptcy
Popular Fast Casual Dining Chain Files For Bankruptcy A popular fast casual dining chain has filed for bankruptcy after months of reporting financial distress. BurgerFi International, Inc., announced the Chapter 11 filing on Wednesday, Sept. 11. The Florida-based company is also the parent company of Anthony’s Coal Fired Pizza. All 144 locations of the two brands across the the nation will remain open and continue normal operations. BurgerFi makes up 93 of the eateries, and Anthony's the other 51. The Chapter 11 filing includes the 67 corporate-owned locations of both brands. "BurgerFi and Anthony's Coal Fired Pizza & Wings are dyn…
On The Table For Thanksgiving: Higher Prices, Fewer Options Due To Supply-Chain Issues On The Table For Thanksgiving: Higher Prices, Fewer Options Due To Supply-Chain Issues
On The Table For Thanksgiving: Higher Prices, Fewer Options Due To Supply-Chain Issues The COVID-19 related supply chain issues and price increases are continuing to impact consumers across the United States ahead of the holidays.  The Seattle Times reported that many are having to spend more in preparation for Thanksgiving Day on Thursday, Nov. 25, as the prices of many products have increased.  The news outlet said supply chain issues including transportation expenses, bad weather and labor shortages have all factored into the ballooning prices, along with inflation.  According to a report from Texas A&M Today, AgriLife Extension livestock economist Davi…
All-Time High? Here's How Many Americans Are Expected To Travel Over Memorial Day Weekend All-Time High? Here's How Many Americans Are Expected To Travel Over Memorial Day Weekend
All-Time High? Here's How Many Americans Are Expected To Travel Over Memorial Day Weekend Memorial Day marks the unofficial start of summer, and a near record-breaking number of Americans are expected to hit the road to kick it off this year, according to AAA. Nearly 43 million Americans are expected to mark the unofficial start of summer on a high note with a Memorial Day weekend jaunt, making it the second most traveled since AAA began tracking travelers in 2000, only behind 2005. In total, an additional 1.5 million more people are expected to travel this year on roads, rails, and runways, AAA announced, a 3.6 percent increase from last year’s holiday. According to AAA, 37.6…