|
Unemployment may be tougher on foodservice sales
According to a July Technomic report, the unemployment rate hitting a 26-year high may have protracted consequences in the restaurant world.
According to the firm’s consulting economist, Arjun Chakravarti, "Consumer anxiety will remain connected to their prospects in the labor force, and the likelihood of layoffs, unanticipated part-time work, and slashed benefits will promote a continued culture of restraint for what consumers deem non-essential spending.”
A year ago I asked readers about their dining-out habits and heard again and again that consumers had changed their ways, were opting for quick-serve, order-at-the-counter places and takeout versus full-service sit-down establishments. This trend obviously continues, prompting the lion's share of restaurant openings to be more "down market" (see my crepe piece in tomorrow's paper, the raft of pizza joints that have opened, diners, pubs, etc.). But I wonder if the belt tightening has prompted most people to just go out less, as opposed to less expensive. I'd be eager to hear how people's dining-out habits continue to evolve.
Most Recent Blog Posts
Advertisement
Most Popular Categories
Food Links
Buy "Cookielicious": Satisfy your sweet tooth with Cookielicious, a tasty collection of cookie recipes from St. Petersburg Times Food & Travel Editor Janet K. Keeler. Order your book today and print your receipt to use it as a ticket to the Cookielicious Launch Party and Tasting where you’ll enjoy samples, conversations, a book signing and a little fun. |
| Food and Dining news and reviews |
| Allrecipes.com |
