Kona Grill is losing big bucks, reporting a 2nd-quarter loss of $535,000 this year.
They are blaming "higher labor costs" which is total b.s. because that would be the first I've heard of increased labor costs. If anything, labor costs DROP in a down economy as more people are willing to take less-desirable jobs.
The truth of the matter is that, if you've been to Kona Grill, you know it's full of the absolute worst of the worst of Scottsdale, even lower than the garbage that frequents Barcelona. It's nothing but dirtbag, broke, 20- and 30-somethings who still think they're 19 and living in the frat house, mixed in with a few desperate, sleazy old men in Tommy Bahama shirts who buy drinks for the strippers who hang out there and never get anything for it.
Even at the height of the housing bubble, there was no money in this joint. It was only a matter of time before we saw it go bust.