Tag

Lower Income Consumers

All articles tagged with #lower income consumers

business2 months ago

Wendy's to Close Hundreds of U.S. Restaurants Amid Consumer Cutbacks

Wendy's plans to close approximately 300 U.S. stores due to declining revenue and profits, driven by economic pressures on lower-income consumers, with closures starting in Q4 2025. The company aims to improve profitability by removing underperforming locations and focusing on value offerings, amid ongoing struggles with sales and customer acquisition.