Sales of McDonald’s, Burger King come down
There are other similar examples of the economy going slow. The fast-food chains of McDonald’s, Burger King, and Taco Bell have introduced discounts, value meals and consumer-friendly schemes to attract cost-conscious consumers when their sales come down. Starbucks reported a decline in visits due to a “challenging consumer environment.”
Disney witnesses less consumer demand
Elaborating on the impact of the economic crisis on the sales of Disney theme parks, ‘The Street’ has reported that besides the higher cost due to inflation, it also witnessed a “moderation of consumer demand” at its theme parks that “exceeded” its previous expectations. The company has expressed apprehension that the slowed demand could continue to impact its operating income for the…