date:Dec 17, 2012
ic. He said for any U.K. restaurant to get new business, it will have to steal it from elsewhere because theres no new traffic coming into the system.
The trends are for trade-out, where more people are eating at home more often, and trade-down, whereby consumers are eating at cheaper restaurants. The beneficiary of the latter trend has been quick service, said Pendola.
Typically what has happened post-recession over the last 30 years is that gradually consumers return to their previous levels