Saturday, October 15, 2011
"American twentysomethings are snubbing the restaurant chains their parents took them to as kids. Chili’s, Applebee’s, Ruby Tuesday (NYSE: RT - News), and other so-called casual-dining chains are already struggling to revive sales in the wake of an epic recession. Now they risk losing an important consumer demographic group unless they remake themselves. ‘If you have a little bit of money and you’re educated, you want a boutique feel, less chain,’ says Brad Swanson, who runs the restaurant group at KeyBanc Capital Markets, an investment banking and equity research firm."
casual-dining-upheaval-businessweek: Personal Finance News from Yahoo! Finance
Powered by Tumblr. Lightie Futurum designed by Pavia Graphics.