A restaurant glut has led to a massive wave of closures and bankruptcies around the U.S., according to the Wall Street Journal. Some dine-in chains are really hurting, with Ruby Tuesday planning to shut down 100 restaurants, while several lesser-known companies have filed for Chapter 11 bankruptcy protection, including the operators of the Souplantation and Sweet Tomatoes chains. There appear to be several reasons for the dip in business. For starters, more people are eating at home since groceries are relatively cheap, the WSJ says, and delivery is so convenient.
How are independents faring compared to chains? Read more at PMQ.com to find out.