Obama’s America : Where the Economy is SO GOOD More Establishments Are Closing Their Doors
Obama and his moronic media would have you believe that this is a GREAT economy.
SO much so, that Hillary Clinton is running on “Obama’s Third Term.”
During the disastrous DNC convention in Philly, he passed the “symbolic” torch to her, urging her to CARRY ON what he started.
My god, can you imagine anything more damning?
The most recent victim of Obama’s “AMAZING ECONOMY is the once-popular restaurant chain, Ruby Tuesday.
Ruby Tuesday is joining other major American companies like Macy’s, Sports Authority, Sports Chalet, and more, to close a bunch of doors.
From Conservative Tribune:
Ruby Tuesday, one of the largest casual dining restaurant chains in the United States, was set to close 95 locations because of weak financial results, according to RNN.
A news release from the restaurant, which “announced plans to streamline the organization, improve financial profitability, and create long-term value for shareholders through its Fresh Start initiative,” said that the locations would be closing in September.
Our fourth quarter was impacted by softness in the casual dining industry and increased promotional activity by our peers. Given that we expect the macro environment to remain challenging for some time, we are taking the necessary steps to change the trajectory of our business,” JJ Buettgen, Ruby Tuesday’s president, CEO and chairman of the board, said in the statement.
“The decision to close restaurants is a difficult but necessary step as we take aggressive actions to strengthen our organization. Performance at each of these locations, despite the loyalty of valued guests and the efforts of our dedicated employees, was not meeting expectations. Full-time and part-time employees impacted by closures will be offered positions in nearby restaurants where possible.”
The news release also said that “revenue declined 5.9 percent to $279.3 million … during Fiscal Year 2016” and that “(s)ame-restaurant sales declined 3.7 percent following a 1.7 percent decline in the fourth quarter of the prior fiscal year.”
And if we elect Hillary, more great American businesses will go under.
Amy Moreno is a Published Author, Pug Lover & Game of Thrones Nerd. You can follow her on Twitter here.
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What is obvious is that you scumbags don’t know anything about anything. All it took was a black man to become President to turn you into racist retards. Yes. The only solicstice I take from this, is that because of retarded racist, black-hating cunts like you, that Trump is losing. Now shut your ignorant ass up. I’m about to educate you.
FACT: It’s true, businesses closing during a president’s administration are proof of treason. Thank god we have Donald Trumps to fix everything!
What the hell is wrong with you?
I know this is hard for you but you can actually nail him for shit he has done.Are you just trying to turn people on to your little right wing baitclick news (cough) site?
JJ Buettgen, Chairman of the Board, President, and Chief Executive Officer, commented, “Our fourth quarter was impacted by softness in the casual dining industry and increased promotional activity by our peers. Given that we expect the macro environment to remain challenging for some time, we are taking the necessary steps to change the trajectory of our business.”
Buettgen continued, “Our Fresh Start Initiative has been designed to streamline our organization through asset rationalization, improve financial profitability, and ultimately create long-term value for shareholders. Our Fresh New Menu, Fresh New Garden Bar, and Fresh Experience initiatives will position us to accelerate traffic and will be supported by better in-restaurant execution, refining our media and targeting plans, and incorporating the insights from our Garden Bar and remodel tests into our go forward strategy. Through our goal of attracting more women and young families as well as increasing visits from our current Ruby Tuesday guests, we believe we can return to positive same-restaurant sales, expand restaurant level margins, and increase operating profit.”
Ruby Tuesday recently completed a comprehensive review of its corporate-owned restaurant portfolio and determined that it was in the Company’s best interest to close approximately 95 underperforming restaurants. These locations will cease operations by September 2016. As of May 31, 2016, Ruby Tuesday’s system included 724 restaurants, of which 646 were company-operated. This conclusion, followed a rigorous unit-level analysis of sales, cash flows and other key performance metrics, as well as site location, market positioning and lease status.
News – Ruby Tuesday
I guess Obama is responsible for the proliferation of Steak and Shakes, Chipoltle’s, Chik-fil-A, etc… if he is responsible for this chain closing 95 stores. As most posters with ODS, the OP is full of shit.
a half black president would explain the explosive growth of fried chicken and watermelon restaurants not too mention the stolen hub caps and gold teeth industries.