Tuesday, March 4, 2008

Nothing to see here! Storm in a teacup. It will all blow over….

Hard times are on the menu at restaurants

Starbucks, Applebee's and the Cheesecake Factory Are Feeling the Pinch

Worse, 49% of restaurants surveyed by the National Restaurant Association reported same-store sales fell in January, and 54% said customer traffic fell in January, the fifth month in a row. "In the lifespan of casual dining, we haven't seen economic times like this," says Marc Buehler, CEO of Lone Star Steakhouse, which just closed 27 of 179 stores.

Posted by lvmreader @ 07:05 PM (382 views)
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