Wednesday, July 29, 2009

recession vs restaurants

Woman at restaurant eating dessert and smiling (selective focus) photo

Today we see that the news says there are 4,000 less restaurants than last year. Financial collapse is hitting all sectors of the economy, even the service areas. This severe economic recession is beginning to bite even recession resistant fast food. In terms of casual dining I can tell you that many are on the ropes. The situation is getting ugly as people try to save money.

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