Tag Archives: economy
Traffic trends offer positive signs for industry / Nation’s Restaurant News
Higher gas prices and persistent unemployment may threaten a sustained sales recovery this year, but guest traffic trends from late 2010 offered encouraging signs, The NPD Group said. Read more…
NRA forecasts a return to industry sales growth / Nation’s Restaurant News
After three years of negative real sales, the U.S. restaurant industry is poised to hit a record $604 billion in sales this year, the National Restaurant Association said Tuesday. Read more…
Small gains are big news to restaurants / Chicago Tribune
For restaurants, the slow but steady growth in sales projected for 2011 is the best news in years. But restaurateurs and industry experts are keeping the champagne on ice, saying that it’s going to be a long haul to full … Continue reading
NPD forecasts modest recovery / Nation’s Restaurant News
The NPD Group is forecasting a modest recovery in restaurant traffic, with 1-percent gains expected in the fourth quarter of 2010 and the first quarter of next year. The high unemployment rate will prevent any significant upswing, the group said. … Continue reading
Restaurants to gain pricing power in 2011 / Nation’s Restaurant News
Restaurants may begin increasing menu prices next year without the fear of losing customers accustomed to deals and discounts, according to a recent analyst report. Read more…
Restaurant operators offer brighter outlook / Nation’s Restaurant News
Restaurant operators were decidedly more upbeat about the future in September, helping to spark an improvement in the National Restaurant Association’s most recent Restaurant Performance Index. Read more…
Lunch spending set to rebound / Monkeydish.com
After a 4% decline in 2009 and another 3% decline in 2010, lunch daypart sales are set to pick up in 2011. Unemployment and the economic slump spurred budget-conscious consumers to cut back on lunch spending in restaurants, but creative … Continue reading
Analysts: Prepare for higher food costs / Nation’s Restaurant News
As the economy shows signs of improvement and restaurant traffic begins to rebound, operators may face higher food costs in 2011. Building traffic will be as important as ever to combat increased expenses, and the NPD Group outlines areas for … Continue reading
Report: Restaurant traffic declines at slower pace
Restaurant visits dropped for the eighth consecutive quarter in spring, but the rate of decline slowed from the same period last year, according to a new NPD Group report. Traffic declined 1% in the quarter ended June 30, compared with … Continue reading
