Welcome!
This site has no official connection with the Food Network, this is a fan site.
Contact Us
Twitter.com
Forum Information
Members: 2,449
Threads: 11,164
Posts: 54,253
Online: 85
Newest Member: Luvs2Cook



Go Back   Food Network Fans > Members Area > Dining out

Dining out The food you eat and the drinks you drink when you pay someone else to serve you.


Reply
 
LinkBack Thread Tools Display Modes
Old 06-14-2009, 05:05 PM   #1 (permalink)
Fan of the Food Network
 
isilzha's Avatar
 
Join Date: Feb 2007
Location: Chicawesome
Posts: 3,216
Rep Power: 10
isilzha is on a distinguished road
Restaurants on the Ropes

Restaurants on the Ropes
Rick Newman
On Friday June 12, 2009, 11:05 am EDT

When Americans get stressed out, one thing they do is eat. But apparently not enough.

The dismal economy has punished retailers, with companies like Circuit City and Linens 'n Things going extinct and dozens of others losing money. Now it's hitting their cousins in the restaurant industry, too. The Bennigan's and Steak & Ale chains were early casualties, going belly up last summer. This year, with Americans cutting back on spending, sales at restaurants could fall by 10 percent or more. Analysts don't expect widespread closures, but some chains are likely to close unprofitable outlets, cut back on service, and look for other ways to reduce costs.

As in retail, companies that help people save money will weather the storm better than others. Chains like McDonald's, Pizza Hut, and Olive Garden, which offer ample portions at value prices, should do OK and maybe even pick up market share. It helps if they've been run conservatively, with low borrowing costs and cash held for a rainy day.

More
__________________
Those who forget the pasta are condemned to reheat it.
isilzha is offline   Reply With Quote
Old 06-14-2009, 06:22 PM   #2 (permalink)
Administrator
 
BerryBaby's Avatar
 
Join Date: Jul 2007
Posts: 6,899
Recipes: 6
Rep Power: 10
BerryBaby is on a distinguished road
What's interesting is we just had THREE independent Sushi restaurants open this week and a slew of other restaurants making the scene as well.

People out here are going out to eat a lot as evidence by all the new, and very crowded, new places. Hope it keeps up!
__________________
BerryBaby
Cooking Fanatic!
BerryBaby is offline   Reply With Quote
Old 06-14-2009, 06:39 PM   #3 (permalink)
Super Moderator
 
bakerman's Avatar
 
Join Date: Dec 2007
Location: Raleigh, NC
Posts: 1,516
Recipes: 2
Rep Power: 3
bakerman is on a distinguished road
We still have fairly long waits here even on weekdays. The places that are not so great and overpriced are closing up, but those places that have good food are doing well. I think that people may be more selective when eating out now, and either look for value or a bit of a splurge.

We are in a bit of a bubble here in NC, the economy hasn't taken a huge hit like it has in other places. Our real estate prices are stable and employment is pretty stable too.
__________________
MAC

Before you criticize someone you should walk a mile in their shoes, that way when you criticize them you are a mile away and you have their shoes!
bakerman is offline   Reply With Quote
Old 06-15-2009, 12:12 PM   #4 (permalink)
Administrator
 
BerryBaby's Avatar
 
Join Date: Jul 2007
Posts: 6,899
Recipes: 6
Rep Power: 10
BerryBaby is on a distinguished road
Husband went to pickup BBQ last night and said the line was out the door! We have high unemployment, but people are still going out to eat.
__________________
BerryBaby
Cooking Fanatic!
BerryBaby is offline   Reply With Quote
Old 06-15-2009, 02:39 PM   #5 (permalink)
Crazy Ol' Southern Lady
 
Pluff Mudder's Avatar
 
Join Date: Jul 2008
Location: Edisto Island, SC
Posts: 4,548
Recipes: 7
Rep Power: 6
Pluff Mudder is on a distinguished road
The Charleston area has had some small restaurants close, but not many. In fact... new restaurants are still opening. But then, Charleston is a foodie town as well as a vacation spot for many. And, Charlestonians do love to go out to eat.
__________________
Most of all, cook from the heart, and you’ll never be lonely when the dinner bell rings! - Chef Robert Irvin
Pluff Mudder is offline   Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 07:52 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.1
A vBSkinworks Design
Clicky Web Analytics