In case you haven’t noticed there has been a lot of restaurants going bankrupt or cutting stores across the Nation. In the last several weeks, the picture that we’ve gotten is the restaurant industry hasn’t exactly been a promising one. Dunkin Donuts saw traffic slip at its U.S. locations in the latest quarter. Potbelly Sandwich Works said it expects to be challenged by a “more cautious consumer” in the near future. And McDonald’s said its sales were hampered by a broad-based retreat from dining out.
Talk of a “restaurant recession” has been percolating on the Internet after an investment bank analyst used the provocative phrase in a research note to describe where the dining industry — and the overall economy — might be headed. So what’s going on here? Here, we break down a few popular theories. CONTINUE
Yes people can barely pay their bills myself being one of them let alone go drop 100$ on one meal when you can grocery shop and stretch your dollar times are tough right now for blue collar folks like myself
Its all part of the obama plan. He has something new planned for every week from here on out too.