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Wendy’s to close hundreds of restaurants as struggling customers cut back on dining out (www.independent.co.uk)

submitted 1 week ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Wendy’s is set to close hundreds of restaurants as customers struggling financially cut back on dining out.

Interim CEO Ken Cook announced on an earnings call Friday that the fast food chain will close a “mid single-digit percentage” of locations. With about 6,000 restaurants, Wendy’s could shutter between 200 to 350 locations.

Cook said some restaurants are expected to close as early as later this year, and locations will continue to shutter in 2026.

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[–] SoftestSapphic@lemmy.world 0 points 1 week ago* (last edited 1 week ago) (1 children)

We have been under the control of Capitalists for at least the last 150 years, and humanity hasn't gone extinct yet

This can be said about literally any economy or social system ever...

The propaganda about people living better under capitalism than previous systems is just propaganda

[–] QuoVadisHomines@sh.itjust.works 2 points 1 week ago

Im not claiming we need to perpetuate capitalism. Im saying the opposite because it did work really well and brought a ton of people out of poverty. Now it's killing the planet and we need a collectivist solution to that problem. Capitalusm is by nature not collectivist and will never address our environmental collapse.