Tuesday, December 12, 2006
Conway's Red Top closes its newest store
Conway's Red Top restaurant has shut down its worst-performing store at 5865 Palmer Park Blvd. due to a sharp loss in business and concern over the minimum wage increase. Operations manager Ralph Brown said the Palmer Park store -- the newest in the chain -- was bringing in one-third the revenue it was shortly after it opened three years ago. With added competition from restaurants in the area and an anticipated increase in wages of $100 a store, per day, due to the change in the minimum wage law, the Conway family decided it made little sense to continue. The chain's other five stores, four in Colorado Springs and one in Pueblo, will remain open, and Brown said the company may look at a location to replace the Palmer Park store "once we have had a chance to assess the impact of the minimum wage law."
Posted by Jim Bainbridge at 2:21 PM