"Bar & Grill restaurants currently sit atop of the expansion and sales goals of today's existing and growing chains. This is mirrored in relation to independent operators who are opening new stores and performing well in today's environment. Not all concepts, but many family/casual and upscale restaurant operators (chains and multi-units) have either closed or continue to struggle.
As far as industry growth or contraction, we see no discernable difference in 2010 as end consumers continue to eat out. They just spend less and choose differently. Paralleling our statements in 2008 & 2009, new openings of independents as well as nimble, low check average multi-units with smaller footprints have filled the gap where some higher check average and large square footage operations have ceased to exist"
Monday, July 26, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment