Retail Refugees


Poor Outlook for the Restaurant Industry
July 21, 2009, 8:28 am
Filed under: Market Info | Tags: , ,

Some interesting statistics came out of NPD Group about the performance of the restaurant sector in light of the recession.  With a total traffic decline of 2.6%, the only brand that is still experiencing healthy growth is McDonalds with 2.7% same-store increase.  Elsewhere in the industry… Casual Dining (Chili´s or Olive Garden) is down 4%, Midscale (IHOP) is down 6% and breakfast is down 9%.  Another statistic they pointed out was that while overall traffic is down, spending per head (the “splurge effect”) is actually up 2%.

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