An unexpected restaurant is now closing in Texas after only three years in business, leaving customers mourning the loss.
Don Benito’s Cocina Y Cantina, a beloved eatery in San Antonio and sister restaurant to Tia’s Taco Hut, revealed that it will be closing its doors for good this weekend, via its Facebook page.
“The news, shared via Facebook, cited May 19 as the final day of operation, marking the end of a three-year journey serving the vibrant community of San Antonio,” reports Ash Jurberg.
The owners expressed gratitude to the city and its residents, stating the following:
“CLOSING ANNOUNCEMENT: As of May 19, we are closing our doors.
It’s been an honor serving the people of San Antonio for the past three years.
Thank you for dining with us.”
This heartfelt message reflects the sentiment shared by many who have enjoyed Don Benito’s culinary delights and warm ambiance over the years.
On Facebook, many customers shared their thoughts of the closure.
“Oh no! That was such an easy decision place for us after church,” a customer lamented.
“Nooooo this was becoming my place to go to,” cried another.
“So sad to hear this. This was one of my favorite Mexican restaurant in the south east side,” commented Mariposa A.
With just a few days left until the closure, loyal guests and newcomers alike are encouraged to visit Don Benito’s Cocina Y Cantina one last time to savor their favorite dishes and bid farewell to a cherished establishment.
The restaurant’s legacy of delicious Mexican cuisine and friendly service will surely be remembered by all who have had the pleasure of dining there.
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Other Economy News Today
A whopping 3,000 retail stores will now close this year after popular clothing brands Rue21 and and Express announced their closures.
The list now grows to approximately 3,100 stores shutting down by the end of this year, per The-Sun.
And this number figure is expected to grow as more businesses announce closures throughout the remainder of the year.
Rue 21 recently announced bankruptcy and a plan to close all 540 remaining stores across the US in the next six weeks.
Express also announced plans on closing over 100 stores across the US in addition to a store closure in Central New York.
If the rising rate of retailers closing down stores continues, an estimated 8,000 locations will be closed by the end of the year.
That many closures would be 40% more than the US saw last year.
In 2023, over 4,000 retailers shut down stores, which was twice the amount of store closures from 2022, according to the National Retail Federation.
2023 also saw the closing of hundreds of Bed, Bath and Beyond stores after the major retailer filed for bankruptcy.
The retailer cited inflation as the primary reason for shutting down its in person stores, moving to an online only format.
The inflation rates from January 2023 to January 2024 increased by 3.1%, with food prices rising by 2.6%, as reported by the Bureau of Labor Statistics.
In response to the rising rate of inflation, many stores are raising prices or risk closing.
One Canadian supermarket, Loblaws, raised its food prices so dramatically that customers are staging a boycott for the whole month of May.
The Dollar Tree, a retailer known for everything in its stores being $1 or less, announced that it will be raising prices on certain items to as high as $7.
“This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7,” the company’s CEO, Rick Dreiling, said during an earnings call.
The last time the discount chain announced a price hike was in 2021 when prices on select items went from $1 to $1.25.
Aside from raising its prices, Dreiling also announced that over 1000 stores will most likely be closing in 2024.
Other major retailers such as Walgreens, Walmart, and JCPenney announced major closures this year.
Walmart announced store closures in California, Ohio, and Maryland–totaling to six closures so far this year.
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