Restaurants Surviving Recession
From recession to success When the economy tanks, restaurants typically face a brutal reality: customers vanish, costs soar, and survival becomes a daily battle. Industry statistics paint a grim picture – 60% of restaurants fail within their first year under normal conditions, and recessions turn that challenge into a near-impossibility. Yet throughout history, some remarkable establishments have not just survived economic disasters but actually thrived, turning crisis into o
Jun 11, 20259 min read
How Panera Bread Turned Crisis into Opportunity
When the 2008 financial crisis sent restaurant sales plummeting and forced widespread closures across the industry, Panera Bread made a decision that defied conventional wisdom: they raised prices on certain menu items[3]. This counterintuitive move was just one piece of Panera's contrarian strategy that not only helped the company survive the recession but enabled it to emerge stronger than before. While competitors desperately cut costs and discounted menus, Panera invested
May 17, 202511 min read
