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Occupy Wall Street transitions to restaurant industry.
Occupy Wall Street, which has targeted bank practices has made its way to restaurants. A group of restaurant workers, Restaurant Opportunities Centers (ROC) United unveiled its National Diners' Guide 2012: A Consumer Guide on the Working Conditions of America's Restaurants (www.rocunited.org/dinersguide). . . . keep reading
Summer Restaurant Employment as Hot as Ever
Restaurants were expected to add 425,000 jobs this summer season, a 4.6 percent increase over the March 2011 employment level, according to National Restaurant Association projections. . . . keep reading
Restaurant Industry Outlook Remains Positive as Restaurant Performance Index Stood Above 100 for Fifth Consecutive Month.
The outlook for the restaurant industry remained positive in April, according to the National Restaurant Association's Restaurant Performance Index (RPI) -- a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry . . . keep reading
Rising Food Costs Could Mean Higher Costs to Consumers
Food costs are on the rise. As of February, wholesale food prices have risen 3.9 percent, according to the U.S. Labor Department. This was the largest increase since 1974, likely due to rising fuel costs, commodity prices and inclement weather, experts say. . . . keep reading
Restaurant Industry Outlook Improved in February
Driven by improving same-store sales and customer traffic levels as well as growing optimism among restaurant operators, the outlook for the restaurant industry improved in February. The National Restaurant Association's Restaurant Performance Index stood at 100.7 in February, up 0.4 percent from its January level and represented the fifth time in the last six months that the RPI stood above 100. . . . keep reading
Consumer Spending on the Rise (April 2011)
Financial analysts say consumer spending is on the rise across the nation, a sign that Americans may be loosening their frugal belt straps. "Consumers have frugality fatigue," according to Bob Bie . . . keep reading
Restaurant industry outlook improved at the end of the third quarter last year.
Restaurant economics improved toward the end of 2009, largely driven by improving same-store sales and customer traffic levels, according to the National Restaurant Association. The Association's Rest . . . keep reading
Americans to Dine out More in 2011 but Check Averages Decline (February 2011)
This year will see 2011 even lower check prices by U.S. diners, although they may choose to dine out more frequently, according to a new study by AlixPartners, a global business-advisory firm. Acco . . . keep reading
Restaurant Sales Expected To Grow This Year, Technomic Says (February 2011)
All restaurant segments should see nominal growth this year, with the best numbers in three years, according to Chicago-based research firm Technomic. U.S. foodservice sales are expected to increase 1 . . . keep reading
Using the Small Business Tax Reform (February 2011)
There are a variety of ways to use the Small Business Reform Act to your advantage as a restaurant. • Use conventional tax planning methods. Tax experts say restaurants accelerate deductions by . . . keep reading
Consumers Brace for Rising Costs Passed to Them (February 2011)
Still coping with shaky economy, supermarkets and restaurants are reluctant to raise prices, but find they may have to do so, according to The NPD Group. As food commodity and transportation costs con . . . keep reading
Consumer Credit Card Spending At Restaurants and Bars Grows (January 2011)
Consumers continue to dine out, however, they're doing so with discount in hand or when responding to promotions at restaurants. Transactions in restaurants and bars in October grew by 12.6 percent -- slightly down from 12.7 percent in September. The average ticket price for the sector decreased 2.7 percent in October, according to the "SpendTrend" report, First Data found that card spending slowed across multiple sectors with a same-store dollar volume growth at 6.7 percent in October, down from 7.6 percent from the previous month. . . . keep reading
Restaurant Traffic Slower than Population Growth Next Decade, Reports NPD (January 2011)
"The aging effect on the restaurant industry will be slightly negative because of aging Baby Boomers," said Bonnie Riggs, NPD's restaurant industry analyst and author of the report, A Look into the Future of Foodservice. "A greater share of visits will source to those 50 years and older in 2019, but as consumers age they become less frequent restaurant users. This means the restaurant industry will have heavier dependence on lighter buyers." . . . keep reading
Restaurant Performance Index Declined in November as Sales Slipped (January 2011)
Although October's performance showed minor improvements, restaurant industry economics showed a downtick in same-store sales and customer traffic levels, as the National Restaurant Association's Restaurant Performance Index (RPI) fell below 100 in November. . . . keep reading
Restaurant industry outlook improved at the end of the third quarter last year.
Restaurant economics improved toward the end of 2009, largely driven by improving same-store sales and customer traffic levels, according to the National Restaurant Association. The Association's Rest . . . keep reading
Restaurant Traffic Slower than Population Growth Next Decade, Reports NPD
Visits to U.S. restaurants are forecasted to grow less than the country's population, according to a report by The NPD Group, a market research firm. "The aging effect on the restaurant industry w . . . keep reading
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