Last month, the Feds made another big move to cut interest rates with the hope of jump-starting a stagnant economy that has consumers skittish. In fact, just about every segment of this industry is reporting a slump in sales as consumers cut back on restaurant visits. “Whether or not the rest of the economy is in recession, the restaurant industry certainly is,” says Ron Paul, president of Technomic. Falling same-store sales at Ruby Tuesday, Applebee's, Chili's, T.G.I. Friday's and The ...
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