I watched a business piece this week....the financial losses of Pizza Hut (around $5.7-billion).
Around spring of 1980....I visited my first Pizza Hut (Tacoma, Washington). I was mostly sold on their pizza.
Over the next 15 years....I probably visited Pizza Hut around forty times a year. Even upon arriving at Ramstein....I still went to the local Pizza Hut operation at least ten times a year.
If you asked me about the decline? I would have said between 2000 and 2005....it was obvious that they had too many competitors, and there were too many fast-food chains to survive. Even today, if you ask me....between Papa Johns, Dominos, and Pizza Hut....P-H comes up in 3rd place on quality. It's not bad pizza.....just that others do better.
Will Pizza Hut dissolve into nothing? I'm of the mind that eating out 'costs' are killing the middle-class, and that everyone is slipping to a schedule.....probably to limit eating-out to once or twice a month, and the budget line now matters. Pizza Hut will downsize...probably to the level they were back in the mid-1980s.
The competitors? They are suffering in various ways as well.
It's not the end of the world, but it's going to be a different landscape, where a number of buildings are empty and of no use to rent.
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We owned a restaurant business for ten years, 1979-89, in north California... two cloth-napkin and two diners.
Sixteen hour days, and I loved every minute.
.
A third of a century later, would I recommend it to anybody?
Probably not.
Too many free-loaders, too many goofballs [significant overlap].
I used to frequent a breakfast spot in Arlington (2010-2013)...at least 4 times a month. Ten employees on duty...1 American supervisor and 1 American clerk. Rest were all illegals (El-Salvador)....it was the only way to make things work and count on people showing up for shift. I asked a long-time customer (from the 1980s), and they remarked that up until the mid-90s...it was all Americans, then goofballs began to be the norm.
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