Steakhouse Closures May Signal Shifts in Consumer Spending and Economic Health

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A recent article in TheStreet indicates that the wave of high-end steakhouse closures sweeping across America might seem like another casualty of the restaurant industry’s ongoing challenges. But when Ruth’s Chris shutters a 25-year-old location in affluent Boca Raton, Florida, and Morton’s closes restaurants serving prime cuts for over three decades, it might be time to pay attention to what…

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