Published April 10, 2017

Restaurant sales are slowing, and grocers are to blame

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.

Key Takeaways:

  • 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

Related Post:
  1. Great Place to Work and FORTUNE Name Arby’s One of the Best Workplaces for Women
  2. The Beauty of Self-Ordering Kiosks
  3. FDA Menu-Labeling Updates: Don’t Count Calories Just Yet
  4. On The Border Mexican Grill & Cantina Celebrates 35 Years of Strategic Success
  5. 4 tasks you could be delegating
  6. 2017 operations forecast: creative food, creative management
  7. McDonald’s Enters New Market with Corner Cafe
  8. Group Recommends Using Oversees Cooks to Combat Britain’s Chef Shortage
  9. 6 steps for better health department inspections
  10. Are Restaurants Facing a Delivery Disconnect?