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Stock impact report

Forget Outback, another steakhouse chain closed over 40 locations [Yahoo! Finance]

Bloomin' Brands, Inc. (BLMN) 
Last bloomin' brands, inc. earnings: 2/18 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Those promotions underscored how heavily steakhouses depended on in-person dining and how vulnerable they were when offices emptied, and business travel stalled. "As remote or hybrid work continues to be popular, office attendance has fallen. Less in-person work may increase office vacancy rates and reduce foot traffic to other businesses located in office-dense areas," shared the Federal Reserve of Kansas City Basically, if people stopped going to the office or went in less often, the businesses built to serve office workers suffered. That has a ripple effect to related businesses like hotels and fine dining establishments catering to business dinners and travelers. "Policy restrictions closed service establishments across the United States during the early months of COVID. As cities emerged from the lockdowns of the early pandemic period some, but not all, of this business returned, and many establishments in city centers remained closed," The New York Fed shared in a spe Show less Read more
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