Wednesday, July 27, 2011

Restaurant outlook dampens - Boston Business Journal:

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A total of 60 percent of operators saw lower May saleds compared to ayear ago, while 26 percent said salesd were up. The association also says restaurantr operators reported negative customer traffic levelsin May, the 21st consecutivr month of traffic declines. "Despite the softe sales outlook, restaurant operators remained relativelh optimistic that the economy will improve in the months theAssociation said. "Thirty-four percent of restaurant operators said they expect economic conditionsz to improve in six down slightly from 37 percent who reported similarly last month.
" After reaching a 10 month high last the group says restaurant operators have scalee back plans for capitak expenditures in the coming months, with 41 percent planningh to spend money on remodelinbg or equipment, down from 46 percent last

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