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Steady erosion since January 2015 has worsened in 2016, according to MillerPulse survey
Same-store sales fell 0.6 percent in July, according to the latest MillerPulse survey, as consumers continued to shift spending away from restaurants.
The decline continued a steady erosion since January 2015 that has worsened in 2016. July marked the third straight monthly decline, the first time that has happened in the post-recession era.
It was also the worst performance since 2010 for the index, excluding February 2013, when the index was compared with a Leap Year month from the year before, said Larry Miller, the survey’s co-founder.
“It just got worse again,” Miller said. “There’s nothing that says things are stabilizing.”
The index declined because of poor traffic, which fell 2.8 percent for the industry as a whole.
And the index was...
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