Shake Shack will shutter six underperforming California locations — the latest fast food chain to close restaurants after the state enacted its controversial $20 minimum wage.
The burger chain, which will close nine Shake Shacks overall, said the move was a result of a periodic evaluation of its portfolio of company-operated units, according to a filing with the Securities and Exchange Commission on Tuesday.
“These Shacks are not projected to provide acceptable returns in the foreseeable future,” the filing said.
Five of the doomed locations are in the Los Angeles area and another is in Oakland, lowering its total to 37 in the state — where wages for fast-food workers shot up to $20 an hour on April 1.
Rubio’s California Grill closed 48 of its nearly 134 locations at the end of May, citing the “rising cost of doing business” in the state for the closures and filed for bankruptcy in June.
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I don't get it.
We keep telling Democrats that this will happen, and they tell us we're wrong, and then it happens.
And then that pattern happens again and again and again and again and again and again...
Why?
Explain why it’s not happening to the literal millions of other restaurants in the state?
Have you thought that perhaps CA has their own burger chain and don’t want an overpriced NY burger chain??
@KingdomDaveDemocrat2yrs2Y
It happens everywhere all the time, especially to the popular international fast food chains. People are laid off and hours are cut. More funding into kiosks is invested.
@UnityMeerkatDemocrat2yrs2Y
Lol I don't think Democrats have raised wages "again and again and again and again and again"
Also this a fake story and a lie so, even the point you think you're making isn't real.
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
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