"McDonald's" closes 700 big burger stores in the USA
http://english.pravda.ru/news/business/24-04-2015/130364-mcdac-0/
By Pravada Ru, April 24, 2015
For the first three months of this year Mcdonald's closed 350 stores and is planning to close other 350 by the end of the year.
Fast food giant recently announced of
closure of 350 poorly performing stores this year and added that 350
stores were already closed this year in the US, Japan and China.
Earlier in its statement Mcdonald's
reported 11% decrease in revenue and 30% drop in profit in the first
quarter of this year. It is a continuation of its troubles in the last
two years as it has struggled to compete with new U.S. competitors, a
tough economy in Europe and a food safety scare in Asia,"
McDonald's started falling into a steep
decline after customers began seeking healthier alternatives, a decline
which may prove terminal for the world's largest fast food chain.
It was definitely a sign of the times
when Hillary Clinton stopped to eat at Chipotle while campaigning in
Iowa earlier this month, two decades after her husband famously stopped
at a McDonald's while jogging.
"The world is starting to ask what
they're truly eating in their food - and the new conglomerate of natural
grocers and restaurants are trailblazing the way into an entirely new
economic environment," Anthony Gucciardi wrote. "In other words: people
are simply tired of shoveling garbage into their bodies, and they're not
going to put up with it anymore."
And price conscious consumers aren't
just limited to McDonald's nowadays: natural food outlets such as Whole
Foods are offering organic foods at the same price as a Big Mac with
fries.
Read also:McDonald's food likely to be banned in Russia
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McDonald's food can be banned in Russia
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