{"id":10785,"date":"2016-12-22T04:00:00","date_gmt":"2016-12-22T12:00:00","guid":{"rendered":"http:\/\/localhost\/premierfoodsafety_OLD\/?p=10785"},"modified":"2016-12-22T04:00:00","modified_gmt":"2016-12-22T12:00:00","slug":"why-casual-dining-restaurants-should-close-thousands-of-units","status":"publish","type":"post","link":"https:\/\/premierfoodsafety.com\/blog\/why-casual-dining-restaurants-should-close-thousands-of-units\/","title":{"rendered":"Why casual-dining restaurants should close thousands of units"},"content":{"rendered":"<style>\ndiv#keypoints {\n  margin-left: 2em; margin-top: 0.5em;\n}\nli#takeaway1, li#takeaway2, li#takeaway3 { \n}\np#quote {\n  background-color: #AFEEEE; color: #333333; padding: 1em; margin-top: 0.5em; font-style:italic;\n}\n<\/style>\n<div class=\"richsummary\">\n<p id=\"abstract\">Casual-dining restaurants have seen declining sales and traffic for a decade now, and as a result, there are fewer of them. The segment\u2019s share of the supply of restaurants in the U.S. has shrunk since 2007, according to BMO Capital Markets analyst Andrew Strelzik. Yet there are still too many locations. Strelzik estimates the market is oversupplied by as many as 4,500 units, based on demand trends since the recession.<\/p>\n<p>Key Takeaways:<\/p>\n<ul id=\"takeaways\">\n<li id=\"takeaway1\">Casual-dining restaurants have seen declining sales and traffic for a decade now, and as a result, there are fewer of them.<\/li>\n<li id=\"takeaway2\">Closing restaurants, however, is easier said than done. The segment\u2019s oversupply is likely to persist \u2014 shifting sales from one chain to another as concepts work to lure from a declining share of the nation\u2019s restaurant business.<\/li>\n<li id=\"takeaway3\">Executives are trying to grow sales and add locations, not reduce them. All of them believe they have plans that could reverse sales slides. Many of these strategies succeed, at least in the short term, so there\u2019s little incentive to shrink.<\/li>\n<\/ul>\n<p id=\"quote\">&#8220;Casual-dining restaurants have seen declining sales and traffic for a decade now, and as a result, there are fewer of them.&#8221;<\/p>\n<p id=\"source\"><a target=\"_blank\" href=\"http:\/\/nrn.com\/blog\/why-casual-dining-restaurants-should-close-thousands-units\" rel=\"noopener\">http:\/\/nrn.com\/blog\/why-casual-dining-restaurants-should-close-thousands-units<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Casual-dining restaurants have seen declining sales and traffic for a decade now, and as a result, there are fewer of them. The segment\u2019s share of the supply of restaurants in the U.S. has shrunk since 2007, according to BMO Capital Markets analyst Andrew Strelzik. Yet there are still too many locations. Strelzik estimates the market [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8137,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"_links":{"self":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/posts\/10785"}],"collection":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/comments?post=10785"}],"version-history":[{"count":0,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/posts\/10785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/media\/8137"}],"wp:attachment":[{"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/media?parent=10785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/categories?post=10785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/premierfoodsafety.com\/blog\/wp-json\/wp\/v2\/tags?post=10785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}