Economics

977 readers

15 users here now

founded 2 years ago

178

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

58 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] commie@lemmy.dbzer0.com 1 points 4 days ago

Capitalism is one method of dealing with those limited means. Central planning is another method. Both are attempts to solve the same basic coordination problem. One distributes decisions through prices. The other concentrates decisions in administrative structures. Neither one abolishes scarcity. They only differ in how they respond to it.

but this is a false dichotomy. first, because capitalism requires government (centralization), and there are other options besides central planning.