Fine dining has been smashed during this recession, forcing high-end operators to rethink their businesses as they put the pieces together for the future.The segment’s sales are down 12 percent, according to consumer research firm The NPD Group, and the slashed expense accounts that led to the carnage are still being closely scrutinized. Moreover, fine dining simply doesn’t fit into the plans of consumers who are still watching their spending.“You can’t trade down to fine dining,” says David ...
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Contact: Desiree Torres Desiree.Torres@penton.com