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Started By
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All of the sudden, the restaurant industry seems to be spiraling downward
Posted on 10/3/16 at 1:21 pm
Posted on 10/3/16 at 1:21 pm
quote:
Restaurant bankruptcies have soared to highest level since 2009
The restaurant industry is not a sideshow. About 14 million people work in it, according to the National Restaurant Association. With $710 billion in annual sales, it’s an important part of consumer spending and accounts for about 4% of GDP. If the industry is having problems, it’s a red flag for the overall economy.
Its difficulties are not limited to just a few beat-up restaurant chains. The National Restaurant Association reported on Friday that its Restaurant Performance Index (RPI) for August fell 1% to 99.6 and is now in contraction mode (below 100 = contraction). It was the worst reading since October 2012.
The Current Situation Index fell in August to 97.7, the lowest since February 2010. Three of its four indicators declined: same-store sales, customer traffic, and labor.
24
Posted on 10/3/16 at 1:24 pm to HailHailtoMichigan!
So THAT'S what RPI stands for. 
Posted on 10/3/16 at 1:24 pm to HailHailtoMichigan!
And in the midst of this spectacular economic recovery we keep hearing about, puzzling.
Posted on 10/3/16 at 1:24 pm to HailHailtoMichigan!
Thanks Obama.
Posted on 10/3/16 at 1:25 pm to HailHailtoMichigan!
the truck nuts graph looks exactly the same.
Posted on 10/3/16 at 1:26 pm to HailHailtoMichigan!
Not surprising. It always seems to me like there are way too many restaurants, and that restaurants in some locations are just a revolving door of failed attempts
Posted on 10/3/16 at 1:28 pm to HailHailtoMichigan!
Even without a link, I now this has to be a zerohedge article.
The restaurant industry has been expanding at a rapid pace the last five years, especially the fast casual scene. There are only so many disposable consumer dollars to go around that eventually some big losers had to occur.
The restaurant industry has been expanding at a rapid pace the last five years, especially the fast casual scene. There are only so many disposable consumer dollars to go around that eventually some big losers had to occur.
Posted on 10/3/16 at 1:32 pm to schexyoung
quote:
The restaurant industry has been expanding at a rapid pace the last five years,
It blows my mind to see how many new places have opened in New Orleans over the past five years. I had been saying for three years now that we have to have hit the saturation point, but they keep opening new places and some of them are big.
Posted on 10/3/16 at 1:33 pm to schexyoung
frick restaurants. I cook my own food. Cheaper and better.
To hell with these Seattle restaurants. I've voluntarily been to one since i moved here. $20 for a pizza the size of a frisbee. No thanks. We go out to places for work lunches and i dont have to pay. But its ridiculous how overpriced it is. Went to some Mexican place last week and my 2 enchiladas with rice and beans was $19. I can make a whole casserole dish of enchiladas at home for less than that
Too many restaurants are overpriced for what you get. I'm in Texas on vacation right now. Went to Waffle House yesterday and got a lot of food for $9. They have it right.
To hell with these Seattle restaurants. I've voluntarily been to one since i moved here. $20 for a pizza the size of a frisbee. No thanks. We go out to places for work lunches and i dont have to pay. But its ridiculous how overpriced it is. Went to some Mexican place last week and my 2 enchiladas with rice and beans was $19. I can make a whole casserole dish of enchiladas at home for less than that
Too many restaurants are overpriced for what you get. I'm in Texas on vacation right now. Went to Waffle House yesterday and got a lot of food for $9. They have it right.
Posted on 10/3/16 at 1:34 pm to goldennugget
You really do sound like a miserable fck. 
Posted on 10/3/16 at 1:36 pm to goldennugget
quote:
frick restaurants. I cook my own food. Cheaper and better. To hell with these Seattle restaurants. I've voluntarily been to one since i moved here. $20 for a pizza the size of a frisbee. No thanks. We go out to places for work lunches and i dont have to pay. But its ridiculous how overpriced it is. Went to some Mexican place last week and my 2 enchiladas with rice and beans was $19. I can make a whole casserole dish of enchiladas at home for less than that Too many restaurants are overpriced for what you get. I'm in Texas on vacation right now. Went to Waffle House yesterday and got a lot of food for $9. They have it right.
This is one of the best posts I've ever read on here
Stay your broke dick arse at home then
Posted on 10/3/16 at 1:36 pm to notiger1997
No I just hate the Seattle restaurant scene
If you like wasting money go ahead
The Las Vegas restaurant scene is the best since off strip places are always offering great value to compete.
If you like wasting money go ahead
The Las Vegas restaurant scene is the best since off strip places are always offering great value to compete.
Posted on 10/3/16 at 1:37 pm to HailHailtoMichigan!
Not in Nola that's for sure. We seem to have new places popping up like Gremlins after midnight.
Posted on 10/3/16 at 1:37 pm to goldennugget
quote:
Went to Waffle House yesterday and got a lot of food for $9. They have it right.
But they don't cook artesian, organic, non-gmo food
Posted on 10/3/16 at 1:38 pm to LSU-MNCBABY
quote:
Stay your broke dick arse at home then
Because not wanting to spend $20 for a 6 inch pizza means I'm broke
No, i am smart with my money. Go ahead and rack up credit card debt eating out at overpriced places. Ill put my money to other, more productive uses
Posted on 10/3/16 at 1:38 pm to goldennugget
quote:
I'm in Texas on vacation right now
quote:
Went to Waffle House
Don't blow the whole travel budget in one meal high roller
Posted on 10/3/16 at 1:41 pm to goldennugget
quote:
Because not wanting to spend $20 for a 6 inch pizza means I'm broke
No, i am smart with my money. Go ahead and rack up credit card debt eating out at overpriced places. Ill put my money to other, more productive uses
Good. When you're 90 and on your deathbed you can think back about all of those meals you didn't spend money on and wonder what good food combinations you may have missed out on in the great big world.
Posted on 10/3/16 at 1:49 pm to schexyoung
How many sandwich shops can you have? This area has added WhichWich, Dibella's, Jersey Mike's, Firehouse, and Capriotti's, in addition to growth of Subway, JJ's, and Potbelly. Then, throw in your Mexican (Chipotle/Qdoba/Moe's), and burger joints (Smashburger/Five Guys/Sonic, etc) and something has to give. I guess people aren't cooking as much as they used to.
This post was edited on 10/3/16 at 1:57 pm
Posted on 10/3/16 at 1:52 pm to HailHailtoMichigan!
quote:
the restaurant industry seems to be spiraling downward
Cocaine prices to follow?
Posted on 10/3/16 at 1:52 pm to goldennugget
quote:shite poor people say
rack up credit card debt eating out at overpriced places.
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