The recent closing of 300 Bennigan's and Steak & Ale restaurants came as a shock to many, though it shouldn't have. The casual sector in which both concepts thrived has been on a collision course for years. Unit growth in the sector has far exceeded customer demand while, at the same time, brands have come to look more and more alike. Add to that a wounded economy that has more than one-third of consumers reporting that they are eating out less frequently than a year ago, according to ...
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