Why is Time Out Market in Boston closing? CEO says "hybrid working" a factor.
CBS News • • business
Key Points:
- Boston's Time Out Market in Fenway, a 27,000-square-foot food hall with 15 eateries and two bars, is set to close on January 23 due to inconsistent foot traffic and rising operating costs post-pandemic.
- The closure reflects broader challenges in the Fenway area, where commercial vacancies are increasing, including the expected shutdown of outdoor equipment store REI nearby.
- Rising inflation and operational difficulties, such as higher costs and staffing challenges, are making it harder for restaurants in Massachusetts to remain profitable, contributing to a wave of recent closures.
- Other notable Massachusetts restaurant closures include multiple Uno Pizzeria locations, Bertucci's bankruptcy-related shutdowns, and the historic Dugout Cafe near Boston University.
- Some
