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CNBC published this video item, entitled “How Covid Derailed The Cheesecake Factory’s Success” – below is their description.
Americans love The Cheesecake Factory. The restaurant known for its massive 21-page menu, dozens of dessert options and ancient Egypt-inspired decor was ranked as one of the top casual dining restaurants in the U.S. in 2019.
But the eatery popular with everyone from NBA stars to cheesecake aficionados has fallen on hard times as the coronavirus pandemic has wreaked havoc on the restaurant industry. In October, The Cheesecake Factory reported third-quarter sales fell by 12% and same-stores sales were down 23% from a year earlier.
So after 40 years in business will The Cheesecake Factory be able to regain its momentum and will the chain’s takeout and delivery service be enough to offset the decline of the dine-in restaurant experience?CNBC YouTube Channel
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In This Story: Ancient Egypt
Ancient Egyptian civilization coalesced around 3100 BC with the political unification of Upper and Lower Egypt under Menes.
The civilization was notable for the early development of an independent writing system, mathematics, and medicine, construction projects including pyramids, obelisks and temples, trade and even a peace treaty with surrounding regions, the first planked boats, as well as a formidable military. Ancient Egyptian society included a bureaucracy of elite scribes, religious leaders, and administrators under the control of a pharaoh, who ensured the cooperation and unity of the Egyptian people in the context of an elaborate system of religious beliefs.
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Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
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The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
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Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
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In This Story: Egypt
Egypt, a country linking northeast Africa with the Middle East, dates to the time of the pharaohs. Millennia-old monuments sit along the fertile Nile River Valley, including Giza’s colossal Pyramids and Great Sphinx as well as Luxor’s hieroglyph-lined Karnak Temple and Valley of the Kings tombs.
The capital, Cairo, is home to Ottoman landmarks like Muhammad Ali Mosque and the Egyptian Museum, a trove of antiquities.