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Restaurant Industry, Leading Indicator of US Economy Sours, Bankruptcies Pile up
http://wolfstreet.com/2016/10/02/restaurant-industry-bankruptcies-restaurant-performance-index-rpi/ ^

Posted on 10/03/2016 4:08:17 PM PDT by TigerClaws

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To: SaveFerris

We have around here two Grocery Outlets that are known commonly as the poor peoples’ groceries. They claim they post their cost on the shelves and the price is 10% more. Most things are as cheap at WalMart or cheaper and with better brands. However certain things like eggs are a third to half of what they are at WM and elsewhere and fresher. Produce is better and cheaper though more limited. My wife always refused to go in the place because poor folks shopped there. I reminded her that those poor folks presented better appearance than the WM people and were more polite to each other. She finally came in with me today and will be returning for those “some things.”


81 posted on 10/03/2016 5:40:51 PM PDT by arthurus (Hillary's campaign is getting shaky)
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To: Ouderkirk

I can count the establishments I frequent on one hand.


82 posted on 10/03/2016 5:43:49 PM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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To: arthurus

Yeah, not everything at a Walmart is “cheaper”.

If I can, I try to stock up on loss-leaders in flyers, when appropriate.

Example: one local chain had Campbell’s Chunky Soup (big cans) for 99 cents. They’re $1.68 at Walmart all the time. I made a few trips to stores near each other - got 20 cans.


83 posted on 10/03/2016 5:46:20 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: Ouderkirk

” and impossible to get the check when we’re done.”


I eat out several times a week with a friend (Two

grannies :-)——)

When they serve the meal I ask for the check right away since we will not be ordering anything else.

We pay cash,have the correct amount,including tip,and leave when we are ready to leave.

.


84 posted on 10/03/2016 5:46:29 PM PDT by Mears
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To: PAR35

...and without the clueless waitress who, while staring at your empty glass, interrupts your conversation to ask, “Would you like more drink?”


85 posted on 10/03/2016 5:49:20 PM PDT by SeƱor Presidente
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To: TigerClaws
The restaurant business is the ‘’leading indicator’’ of the US economy? I thought it was the housing industry.
86 posted on 10/03/2016 6:14:14 PM PDT by jmacusa ("Dats all I can stands 'cuz I can't stands no more!''-- Popeye The Sailorman.)
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To: TigerClaws

SOUPLANTATION, I am not surprised at all!!!!!! I got so terribly sick the last two times I ate there. Nobody that works there even speaks English and who knows what is going on in the back kitchen/prep area.

I almost passed out, my neighbor wanted to take me to Emergency because I vomited everything up and couldn’t even get off my bed.

I used to eat there all of the time many many years ago but the quality of the food is very questionable now days. So sad! It is all just sodium and grease any more.


87 posted on 10/03/2016 6:34:50 PM PDT by acoulterfan
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To: Fiji Hill

Kiosks are quickly taking the place of waiters/waitresses.


88 posted on 10/03/2016 6:35:39 PM PDT by dfwgator
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To: SaveFerris

I just figured out the food cost per person for the year.

2.75/ plate isn’t too bad for us. Two growing kids, and alot of organic stuff that I cant grow in my location.

I could probably get it a bit lower, but I enjoy eating.


89 posted on 10/03/2016 6:58:00 PM PDT by themidnightskulker (And then the thread dies... peacefully, in it's sleep....)
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To: LostPassword
We obviously need to * raise the minimum wage * require health care for ALL workers, not just full-time * require paid parental leave * raise taxes While that sounds like a joke, it is literally the solution offered by the left.

Here in WA we have a measure on the ballot which will raise the minimum wage in increments to $11.00 (2017), $11.50 (2018), $12.00 (2019) and $13.50 (2020), plus guarantee employees paid time off for family care.

It is being promoted in TV ads by stating that if wages are increased, then workers will have more money to spend which will lead to greater spending, greater employment, greater prosperity. Proponents naturally say nothing about increasing costs, higher prices, and decreasing profits (as if that matters). However, this is WA so watch for it to pass.

90 posted on 10/03/2016 7:13:16 PM PDT by Robwin
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To: TigerClaws

Here is anot issue that I have been trying to figure out.
Recent same store sales reports for chain restaurants show negative YOY growth. This is happening despite decent growth in restaurant retail sales (5.8% YOY vs 1.9% for all retail) and consumer spending (5.7% vs 3.6% for all consumer spending). Either everyone is eating at non-chain restaurants or there are too many restaurants opening.


91 posted on 10/03/2016 7:27:46 PM PDT by oincobx
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To: TigerClaws

Gosh, how could these guys be failing? After all, Obama has tried to help with his mandatory insurance plan and incentivizing workers by making the mandatory wage much higher.


92 posted on 10/03/2016 7:55:17 PM PDT by Rembrandt (Part of the 51% who pay Federal taxes)
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To: oincobx

I think it is due to rapidly rising costs.

Higher sales percentage is lower than percentage rise in food, labor, utility cost, rent.

Food cost alone is up about 10-15% in my area.


93 posted on 10/03/2016 7:56:21 PM PDT by themidnightskulker (And then the thread dies... peacefully, in it's sleep....)
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To: TigerClaws

I live in Sarasota, FL. It’s currently the off-season (vs. snowbird season) but, still, restaurants and bars are uncommonly empty. If the snowbird season is weak, there will be mass business failures here.


94 posted on 10/03/2016 7:58:21 PM PDT by Rembrandt (Part of the 51% who pay Federal taxes)
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To: jmacusa

And I always thought it was transportation! (Rail/trucks/ocean cargo shipping)

But maybe that’s because I’m a former trucker.


95 posted on 10/03/2016 8:05:36 PM PDT by Spirit of Liberty (It's morning in America again!)
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To: arthurus
We have around here two Grocery Outlets that are known commonly as the poor peoples’ groceries.

Out here the Grocery Outlet is known (with affection) as the Groce Out.

You can find some interesting stuff, some items about to expire, some the product of a failed marketing campaign. Shop often and keep an eye out, you can get some good things.

Someone tipped me off that after the 2014 6.0 earthquake in Napa, the "ruined" inventory of many wineries made its way to ... the Grocery Outlet. Restaurants shop there for cheap-but-good wine.

96 posted on 10/03/2016 8:07:25 PM PDT by thecodont
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To: themidnightskulker

I am just talking sales, not profits, so food costs would not come into play. But wholeslae foods costs are actually down about 4% year-over-year. Things like eggs are down considerably (avian influenza affected supply last year, pushing up prices). Some dairy products have seen big declines.


97 posted on 10/03/2016 8:15:59 PM PDT by oincobx
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To: TigerClaws

Who can afford to eat out much these days? For a family of 4 or more, even a trip to Mickey D’s is expensive.

The high cost of food (it’s expensive to eat in these days also, at least if you want a little meat on the table) plus the killer cost of Obolacare are causing the profit margins to be cut to the bone and prices to be raised. You used to be able to take a family to one of the buffet places on the bankruptcy list and let the kids stuff themselves for less than $10 a person, but not any more.


98 posted on 10/03/2016 8:19:25 PM PDT by Some Fat Guy in L.A. (Still bitterly clinging to rational thought despite it's unfashionability)
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To: JohnnyP

I made a copy of your recipe on Microsoft Word and added “cookery” as one of the keywords for this thread.


99 posted on 10/03/2016 8:19:30 PM PDT by Fiji Hill
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To: TigerClaws
try very hard to support local restaurants up to a point...

when you're watching your pennies, eating out makes no sense...

eating out is still special to us...

100 posted on 10/03/2016 8:24:26 PM PDT by cherry (<p>)
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