Despite chain restaurant closures, Americans are eating out more than they have in recent years, according to the U.S. Commerce Department’s Bureau of Economic Analysis. Consumer spending at restaurants — including beverage sales — increased to $605 billion (an inflation-adjusted annual rate) in the second quarter, up 4 percent from $584 billion two years earlier — but their money isn’t going to chain eateries.
More than 700 chain restaurant locations have closed this year already in the U.S., according to food industry consulting group Pentallect.
READ THE FULL STORY
In Other News
1
Independent medical providers fight insurance, Medicaid over...
2
New home construction expected to bounce back from 2023 decline: Here’s...
3
Dayton Children’s plans to open latest Kids Express in Tipp City early...
4
Soin Medical Center in Beavercreek to cease trauma program this weekend
5
Silfex offers Springfield business leaders look at high-tech work
About the Author