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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by FOXBUSINESS.COM:
Cracker Barrel this week became the latest company to announce it is leaving the Portland, Oregon, area shortly after Walmart announced its departure following comments from the CEO that crime and theft were taking their toll.
Cracker Barrel, which has over 600 locations nationwide, blamed the COVID-19 pandemic for its decision to close its final eateries in the Portland metro area.
“As a standard course of business, we continually evaluate the performance of our stores, using various criteria to ensure we are meeting the needs of our guests and our business,” the company said in a statement.
In its public statement, the restaurant says they were unable to overcome the impact of the Covid pandemic.
“With that, we are saddened that we have been unable to overcome the impact the pandemic had on our business and have made the difficult decision to close the Beaverton, Tualatin, and Bend locations on March 20. The decision to close a store is never one we take lightly, and our focus right now is in assisting our impacted employees during this transition,” the restaurant’s statement reads.
This comes soon after Walmart also announced they were closing all of their stores in Portland.
“Theft is an issue. It’s higher than what it has historically been,” said Walmart CEO Doug McMillon in December on CNBC.
Cracker Barrel is permanently closing its remaining restaurants in the Portland metro area.
— FOX 12 Oregon (@fox12oregon) March 20, 2023
Cracker Barrel becomes latest company to flee Portland amid rising crime, retail thefthttps://t.co/lJ7oOIvFYp
— FOX Business (@FoxBusiness) March 26, 2023
To get more information about this article, please visit FOXBUSINESS.COM.
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