NEW YORK Casual-dining chains should close a net of 1,200 locations, or about 7 percent of the segment’s capacity, to restore a supply and demand equilibrium with restaurant consumers, said John Glass, a securities analyst at Morgan Stanley. Glass said Monday that because total traffic counts to casual-dining chain restaurants rose 2.5 percent between 2005 and 2008, while same-store traffic fell 4 percent, and the total number of locations increased by 9 percent, supply had ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com