At this point, this just seems like piling it on. Another day passes, another story is released lamenting the woes of said industry. Yesterday, our beloved food industry, specifically the restaurants, took the predictable shot across the chin.
Summarized quite nicely by the gang over at Fast Company, the reports are troubling. The long of the short is that crowds sunk by 2.6% this past spring (relative to spring ‘08). Further to the point, this is the third quarter in a row where family dining took a dip.
The most troubling of all this is news from the fast food industry. Say what you will about the dietary impact of a QPC, the truth is that “instant food” is usually up in a recession. However, this recent report says that fast food is down 2%, the seventh decline in the past nine months. Bummer!