NewsBreak Original

Another local business is closing down.Markus Spiske/Unsplash. Owning a restaurant can quickly take over someone’s life. It’s not simply a 9-5 job. It’s a 24-hours a day, 7-days a week job. There’s plenty to stress over, and that’s without COVID shutdowns, staffing issues, rising inflation, and distribution problems. Not everyone is cut out to own a restaurant. Some don’t mind this time requirement, and yet others would rather spend their time, in the end, with friends and family. One local Phoenix restaurant owner has decided to hang up the apron in favor of doing exactly this.

In an earlier NewsBreak article, I shared current plans for the retailer. Recent updates have been reported by their corporate office. This article is free of bias, and is based on corporate postings and accredited media reports. All linked information within this article is fully-attributed to the following outlets: Walmart.com, Corporate.Walmart.com, Walmart spokesman Brian Little,BestLifeOnline.com, and QuerySprout.com.

From Kroger and its family of companies to dozens of other venerable chains, the forecast for 2022 is mixed at best. This article is free of bias, and is based on corporate postings and accredited media reports. All linked information within this article is fully-attributed to the following outlets: Kroger.com, LoveMoney.com, Wikipedia.org, MacroTrends.net, Fortune 500, and Offers.com.

Buffet-style eateries closed en masse, permanently, during the Covid-19 outbreak over safety concerns. For those that survived, what are their plans for the current calendar year?

Over the two last two years, several well known national restaurant chains have either temporarily or permanently closed. For those that have paused business, some are planning a 2022 comeback.

Online rumors abound as corporate leaders from three of the country’s top retailers separate fact from fiction. The contents of this article are fully-attributed to several financial publications and media outlets, including Snopes.com, BusinessInsider.com, Investor.Costco.com, CNBC.com, and Yahoo FInance. Direct links to all listed and attributed sources are included below.

According to SEC filings, insiders and executives reportedly sold $496 million in stock, while the company’s CEO says the company is taking “significant corrective action.”

Sitting in Sevierville, Tennessee is what remains of the Nascar Cafe which has now been permanently closed for 15 years. It appears that the restaurant was shut down with the hopes of perhaps reopening soon as so much was left behind. Now, after all these years it is sad to see the condition of what looks to have once been a fun family restaurant..