Eateries Make Adjustments as Weak Economy Bites into Sales
From Nation’s Restaurant News:
Eateries Make Adjustments as Weak Economy Bites into Sales
The Orlando Sentinel reports that this year Central Florida restaurants will face one of the most challenging economic climates in recent memory. Industry observers predict economic pressures may result in more restaurant closings across the region as well as price wars between midpriced casual-dining chains that have been losing customersEconomic pressures may result in more restaurant closings across the region, Muller said. Diners may also witness a price war between midpriced casual dining chains, such as Applebee’s TGI Friday’s and Chili’s, that have been losing customers.Fine-dining establishments — whose clientele is less likely to be hurt by pocketbook pressures — and restaurants that offer quality food at affordable prices — such as fast-casual concepts like Panera Bread — should stand above the crowd this year, industry watchers say.



