Restaurant operators, like retailers in general, are facing a consumer spending forecast for this holiday season that is, in classic Dickensian terms, “bah, humbug.”Forecasts from economists and consumer surveys indicate this is likely to be the worst holiday spending season in five years. According to projections from Standard & Poor’s, spending will increase about 3 percent, just keeping up with an expected inflation rate of 2.7 percent.But despite the dismal expectations, operators ...
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Contact: Desiree Torres Desiree.Torres@penton.com