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Top 10 Restaurant Stocks Under $10 There has been a lot of interest around the pent-up demands of consumers as the economy slowly starts to reopen following the coronavirus vaccine rollout in the United States. One sector expected to reap immediate benefits of the reopening is the restaurant business. According to data released by the National Restaurants Association (NRA), 83% of adults in the country have expressed a desire to eat out at restaurants following the easing of restrictions. This sentiment is especially strong in the older generation, 90% of whom express the same feeling. Future Outlook of the Restaurant Industry It would be no exaggeration to say that even though there is a widespread emotional longing for the dining-out experience after months in lockdown, the reality on the ground spells out much harsher facts for many restaurants. About 17% of the restaurants in the US have permanently closed during the pandemic, with more than 10,000 closures comin ....
J. Alexander’s Holdings is ‘pursuing strategic alternatives’ after tough year impacted by COVID-19 The J. Alexander’s Restaurant, Stoney River Legendary Steaks and Redlands Grill parent group is completing an evaluation after a 20% drop in sales in December J. Alexander’s Holdings, Inc. the Nashville, Tenn.-based parent company of J. Alexander’s Restaurant, Stoney River Legendary Steaks, and Redland Grill provided a business update Tuesday after announcing in December that the company would be “pursuing strategic alternatives” following a tough year due to the economic effects of COVID-19. The company did not discuss the results of the analysis so far, with J. Alexander’s chairman of the board, Lonnie J. Stout, saying that they have “committed to completing” the review as their restaurants slowly move toward full indoor dining capacity again. ....
J. Alexander s opening Redlands Grill concept near The Rim this spring FacebookTwitterEmail The grill at 17422 Fiesta Texas Drive was expected to open in the first half of 2020. According to the website and social media pages, the date was pushed back to March 29, 2021. Social media promotions say the location is coming along nicely. Facebook screenshot Redlands Grill, a concept by J. Alexander s Holdings, Inc., is coming to The Rim area this spring. The grill at 17422 Fiesta Texas Drive was expected to open in the first half of 2020. According to the website and social media pages, the date was pushed back to March 29, 2021. Social media promotions say the location is coming along nicely. ....
The emergency loan program that was targeted to help small businesses retain workers during the COVID-19 crisis tapped out its $349 billion after approving over 1.6 million loans, but some of the loans went to large publicly-held corporations and wealthy institutions like Harvard University. ....