Seizing the Opportunity: How Fast Casual Restaurants Came To Power and Never Looked Back
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The 2008 financial crisis was a period of significant economic turmoil, marked by widespread job losses, a plummeting stock market, and a sharp decline in consumer spending. Amidst this financial upheaval, many businesses struggled to stay afloat, while others found innovative ways not only to survive but thrive. One notable success story emerged from the fast-casual restaurant segment, which skillfully capitalized on the crisis to attract a new wave of customers trading down from casual dining and using fast casual as the special occasion experience from the fast food consumer. This success can be attributed to a perfect storm of factors, including lower-cost real estate and the burgeoning social media boom.
Seizing the Opportunity: How Fast Casual Restaurants Came To Power and Never Looked Back
Seizing the Opportunity: How Fast Casual…
Seizing the Opportunity: How Fast Casual Restaurants Came To Power and Never Looked Back
The 2008 financial crisis was a period of significant economic turmoil, marked by widespread job losses, a plummeting stock market, and a sharp decline in consumer spending. Amidst this financial upheaval, many businesses struggled to stay afloat, while others found innovative ways not only to survive but thrive. One notable success story emerged from the fast-casual restaurant segment, which skillfully capitalized on the crisis to attract a new wave of customers trading down from casual dining and using fast casual as the special occasion experience from the fast food consumer. This success can be attributed to a perfect storm of factors, including lower-cost real estate and the burgeoning social media boom.