Despite occasional high-profile exceptions, more Biglaw firms are mandating in-person work, with three members of the Am Law 50 recently announcing four-day requirements.
While their potential customer base may increase as a result of these moves, some go-to lunch spots for office workers are facing big economic challenges.
As noted today by Business Insider, fast-casual chains like Chipotle, Cava, and Sweetgreen have recently reported fewer visits from younger customers, and a drop in their stock price has followed. Chipotle lost 26% in the past month, Cava fell 27%, and Sweetgreen fell 21%.
In earnings calls, the companies cited economic pressure, like higher unemployment and increasing costs, as a factor harming sales among Gen Z and millennials. (The recent emergence of “slop bowls” as a term for their products probably isn’t helping either.)
In the short term, though, this dynamic might bring an upgrade to the ubiquitous desktop salad.
As Business Insider reports, Sweetgreen’s CEO has described a turnaround plan that includes bigger servings of chicken and tofu, pricing changes, and other improvements.
4-Day Attendance Requirements Gain Momentum, but Partner Objections Persist [Law.com]
Cash-squeezed Gen Zers and millennials are bringing down America’s favorite slop bowl chains [Business Insider]
Jeremy Barker is the director of content marketing for Breaking Media. Feel free to email him with questions or comments and to connect on LinkedIn.
The post Stat(s) Of The Week: ‘Slop Bowls’ Feel The Squeeze appeared first on Above the Law.