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Any business whose business plan is based on paying poverty wages isn't a viable business.
Too bad that some Seattle diners will now starve to death. Capitalism, capitalists are brutal.
http://www.kgw.com/money/business/do...sale/431987778
One of the Seattle locations of longtime seafood and steak house McCormick and Schmick's closed quietly last month with no explanation.
The Seattle Times reported that diners who showed up for reservations at the Harborside location restaurant in early March found it shuttered.
This isn't the first McCormicks to shut down in Seattle. Last year, Houston-based Landry’s Inc. shut down McCormick’s Fish House & Bar on Fourth Avenue and Columbia Street, and in 2014 it closed the McCormick and Schmick's on First Avenue and Spring Street.
The closure comes after a string of McCormick and Schmick's closures across the country in recent years.
"As leases come up for renewal, we are forced to evaluate whether to renew the lease or not," Landry's said in a statement. "Based on tremendous labor pressure through state minimum wage increases and rising rents, we are forced to make difficult decisions with all our restaurant concepts and not just McCormick and Schmick's. Unfortunately, there have been a handful of McCormick and Schmick's locations through the past few years where it didn't make sense to renew the lease."
The company also said demographic changes have been responsible for some of the closures.
The only remaining McCormick and Schmick's in the region is the Bellevue location.
In January, a Denver location was shut down. In July 2016, a location outside Milwaukee shut down. In 2015, the company closed McCormick's restaurants in Boston and in Washington, D.C.
McCormick and Schmick's was originally a Portland-based restaurant group and in its last annual filing as a public company it said that as of Dec. 29, 2010 it operated 96 restaurants, including 89 restaurants in the United States. That same filing said the company operated 14 California locations at the time.
Now the company says it operates "nearly 60 locations across the country," including eight in California. One of the company's Los Angeles restaurants closed in 2015.
There are five locations in the Portland area currently.
The Puget Sound Business Journal has more on the reductions(the story is limited to PSBJ subscribers-only until about mid-June).
Any business whose business plan is based on paying poverty wages isn't a viable business.
Too bad that some Seattle diners will now starve to death. Capitalism, capitalists are brutal.
Soon there won't be any mom and pop establishments (that's one of the things I liked about Texas when I visited - many more small businesses). Here in Miami, it's mostly the big, national chains - is that what you want, boutons, BigRestaurant? Only they will survive - like Amazon and WalMart. And then, they'll move to robots and kiosks.
mom and pop businesses has been killed by chains, not by minimum wage, just like mom and pop farms have been killed by BigAg
maybe if they switched to christian faith healthcare they could save money, pray for good health and negotiation skills.
That's what happens when a Billionaire buys the chain to reduce compe ion.
http://www.bizjournals.com/portland/...-owner-to.html
Hard to say what the real reason is, but it won't be because of minimum wage. Not for a high end restaurant like them.
So a chain that's been shutting down restaurants all over the country wants to scapegoat a minimum wage law for its Seattle closure?
Walmart says you're a ing moron per par. For a person who pretends to be "for the people"
and anti "big" everything, you sure are for an environment where the only things standing are the "big" everything you claim to be against.
American materialism and en lement has outpaced American self-worth and grips on reality. Everyone thinks not being overly privileged with expensive goods and property means they are "impoverished". If you have a flip phone or non-Jordan sneakers, you might as well be living in Bum , Egypt.
Americans need to get over themselves, specifically those on the West Coast, because a lot of unqualified, minimally skilled, public-schooled Muricans are going to be reliving 08-11 all over again. Businesses are exiting and closing all around Cali, AGAIN, because the state doesn't care about the citizens and the businesses that keep those citizens employed.
Personally, I'm totally over it. Instead of keep getting ed by the state and unrealistic lifestyle expectations from a starting wage, we're simply opening a second location in Boise and then slowly killing the Cali location off. Done and done. No one would care if I go out of business because the Gov. increases my overhead annually and I can't compete with Amazon and the "big" everything that people say they hate, yet support the culture that will give us ONLY "big" everything.
Seriously?
Mcdonalds, Wendy's and all of those fast food restaurants say o, young buck.
A restaurant was forced to close down? But I thought restaurants were good investments.
Stupid Socialists States killing businesses.
the article starts out by saying it closed "with no explanation" but then follows that up with paragraphs of explanations
A whole lot of McDonald's are already stemming the forced overhead rises by putting in the self-service order takers and even experimenting with self-cooking kitchens and drive thrus. Good for them, those that think their lifestyle needs to be accommodated at other's expenses.
Sorry if you feel indicted, but it's truth. The NBA doesn't give jobs to scrubs that don't have the skills that beget an athlete's salary. This very basic comparison should hold true to every form of at-will employment. There's going to be a load more poor people left from these absurd wage increases than the number that will benefit from it. Why? Because the number of employers that can't withstand the insane surge of labor costs that will put their businesses into the red is larger than the number that can, and will, take it on the chin. 10-20 years after these roll out more and more, the ty effect will really resonate. Good bye working class, o Mexico-caste system 2.0.
well, it should, but then there's chandler parsons.
Did they say that, or did the person writing the article make that claim?
The ratings of the chain I saw was 3 of 5 stars. Not good when you are charging prices that end up being $100 for two people.
Now I disagree with the $15/hr minimum wage, but really people. Such stupid threads and reporting do nothing but discredit.
M&S charges so much they can afford to pay more. I highly doubt they pay minimum wage anyhow, since their waiters make enough in tips to cover it (easily) and their cooks don't work for minimum wage. If they closed abruptly, it's probably because they are overpriced fancy food in a brick and mortar brothel.
Landry's Inc is not mom & pop, they own about a dozen restaurant chains plus casinos. Before they became a public company in the 90's and were just Landry's Seafood it was my wife's favorite seafood place. All the San Antonio locations closed long ago when the food went to , except the one on the riverwalk which survives on tourists so they don't have to worry about repeat customers.
you responded to this vapid space.
thats sweet.
I did not mean that this particular restaurant is mom & pop. If there's a location in Denver and Milwaukee, that doesn't apply. I was responding to business in general - small vs big.
That's why I say the minimum wage isn't the cause of their closing. Something else is going on. Minimum wage increases will affect places that charge much less.
misleading le is misleading...
Not really.
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