Gloom and Doom From Nation’s Restaurant News
Casual dining has always been the canary in the mineshaft for declnes in consumer disposable income. I’d be despondent if Black Friday had not started off so well for retailers:
CONSUMERS TO CUT BACK ON DINING OUT, SURVEY FINDS BOSTON – Fifty-nine percent of Americans plan to eat out less over the next three months and only 20 percent intend to order appetizers, desserts or higher-pricedentrees, according to a new consumer survey.
The findings by the RBC Capital Markets securities brokerage firm point to a
further belt-tightening among consumers since August, when 54 percent said
they planned to dine out less and 27 percent anticipated scaling back their
meals. The survey found that 43 percent of respondents are already buying
restaurant meals less often than they did six months ago, up from 39 percent
in August.
For the full story visit:
http://www.nrn.com/breakingNews.aspx?id=347946&menu_id=1368
