CKE: High unemployment still hurting West Coast stores
The high unemployment rate in California continued to hurt sales at Carl’s Jr. in the second quarter, deepening the loss for parent company CKE Restaurants Inc., the now-private company reported Tuesday. Carpinteria, Calif.-based CKE Restaurants, parent to both the Carl’s Jr. and Hardee’s quick-service chains, was acquired in July by Columbia Lake Acquisition Holdings Inc., an affiliate of Apollo Management VII LP. Officials have indicated that quarterly reports will ...
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