Video of Cheesecake Factory
Chipotle founder’s new fast-food startup Kernel hires Stephen Goldstein as presidentA new economic report suggests that the proverbial glue holding some of the nation’s shopping hubs together is a chain restaurant that needs no introduction — The Cheesecake Factory.this week that shows that 93% of loans backed by malls that contain a Cheesecake Factory are up to date on their payments, as opposed to the cheesecake-less malls that pay just 72% of their loans on time.
“Regardless of whether it is strong site selection by the company or, less likely, the restaurant having an impact on mall performance, the relationship is certainly there,” Reidy added.Reidy also noted that the malls’ lifeblood — coming by proxy of colossal burgers, gargantuan entrees, and decadent desserts — comes at a time when brick-and-mortar retail is facing a crisis of survival.
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