1431 P Street, NW
Thanks to LW for sending: “Tie Bar on P Street in Logan Circle looks closed as of Saturday. Everything is boxed up. I think they opened in 2018″
Tie Bar’s website says:
“We have made the difficult decision to close our retail locations in Boston, the Chicago Loop, New York, Philadelphia, and
Washington D.C, with our Chicago Flagship store to remain open at this time.
Like many in our industry, Tie Bar has been impacted by the challenging retail environment brought on by the ongoing pandemic. Choosing to focus on our online business will best allow us to continue serving both new and loyal customers alike.”
Shake Shack
Consumer demand for food delivery is growing but is hurting restaurant profits.
Chains like Taco Bell are taking steps to convert delivery app users into direct customers.
Chipotle is raising delivery prices by 13% to offset costly commission fees.
Nearly four years ago, McDonald s signed an exclusive deal to have Uber Eats be its sole delivery provider. While the exclusivity of that partnership did not last, the announcement signaled the beginning of a delivery boom as restaurants scrambled to partner with DoorDash, Postmates , Grubhub, and the like.
The war among top food delivery players has only intensified as consumers appetite for on-demand food delivery grows, with restaurants caught in the middle forced to fork over commission fees as high as 30% per order.
A UAE-Israeli consortium is in talks with Bahrain outfit BFC Group Holdings about a merger that would create a remittances and currency player with more than 24 million customers.