CHICAGO Hurt by rising unemployment rates and a drop in food prices at supermarkets, which can encourage consumers to eat at home, restaurant industry sales and traffic fell in every segment this summer, according to a new report from The NPD Group’s CREST service. With economic indicators not looking to rebound soon, NPD analysts say the deep decline in restaurant spending may continue through much of next year. “Unfortunately, the weakness foodservice is experiencing is not expected to be ...
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Contact: Desiree Torres Desiree.Torres@penton.com