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Bad Economic News Hits Restaurants Hard

Bad Economic News Hits Restaurants Hard

Things are tough all over, even for folks in the restaurant industry. An uncertain short-term future and a still-frozen credit market is forcing lenders and restaurateurs to make tough decisions. Lettuce Entertain You Enterprises is among a handful of restaurant companies profiled in the Wall Street Journal today on the state of the industry. LEYE has eliminated some positions, slowed hiring mangers for some of their 75 properties and is rotating other managers to multiple restaurants to cover those openings. Bartenders and waitstaff are also taking home less in tips as customers begin to budget their nights out. more ›

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