We examined government information on eatery deals and contrasted it and expansion information for eateries and merchants, going back to 2009. That crevice has been extending since January 2015, when merchants cost increments really outpaced eateries value climbs by 20 premise focuses. At the point when eatery costs are expanding at an obviously higher rate than they are at supermarkets, general eatery deals moderate. Eatery deals rise when food merchants raise their costs at higher rates. Merchants were raising costs at rates that were significantly higher than eateries, and eatery deals surged.
- Historically, the rise of food commodity prices has been good for restaurant sales.
- The current drop in restaurant sales appears to be due to plummeting supermarket costs.
- People have much less incentive to eat out when restaurant prices are significantly higher than food prices at the grocery.
“In 2009, of course, the world was in a generational recession. People didn’t eat out as much because too many of them were broke and out of work.”
Read more: http://www.nrn.com/sales-trends/restaurant-sales-are-slowing-and-grocers-are-blame
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Creating consumer demand in a saturated market
If you are in a saturated market it can be stressful to figure out how to get more sales. If you are trying to create consumer demand in a saturated field there are many things that you can do. Make sure that your social media presence is on point. You will want to have updates each day and also make sure that you have lots of targeted advertising. There are many other things that you can do.
Key Takeaways:
“Restaurant supply is outpacing demand, NPD finds, but operators offer ways to attract consumers.”
Read more: http://www.nrn.com/consumer-trends/creating-consumer-demand-saturated-market
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