There used to be a Friendly's location about a half-mile from my house, but the wife and I would rarely ever go there. The food was crappy, and they would hide the poor quality of their signature ice cream by drowning it under a ton of toppings. I wasn't sorry to see it go. Well, today it sounds like the rest of the chain me soon follow our local franchise into oblivion. Here's Market Watch:
Restaurant chain Friendly's is planning to file for Chapter 11 bankruptcy protection and seek a possible buyer, The Wall Street Journal reported late Thursday in its online edition, citing people close to the matter. The chain, which has about 10,000 employees and 500 restaurants, could file as early as next week, according to the Journal.Slowly but surely, large American retail and restaurant chains are collapsing as the corrosive effect of Peak Oil gradually grinds down the consumer economy.