Technomic Top 500 Annual Report Details Slowdown in Chain Restaurant Growth Rates
CHICAGO (March 25, 2010, Business Wire)—The 500 largest U.S. restaurant chains registered a decline in sales, posting 0.8 percent annual sales decline in...
Consumer Trends
Cautious alcohol consumption
Although the economy may be improving, research by the Nielsen Company illustrates that consumers are still being cautious when it comes to buying alcohol. This trend has led to more people staying in and purchasing less expensive products.
The results of Zagat’s 2011 New York City Restaurant Survey revealed that in line with the still sluggish economy, many of the 123 restaurant newcomers are stylistically casual and modestly priced. In addition, Zagat respondents are eating more home-cooked meals and dining out at less expensive, more casual spots.