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Restaurants in Trouble?


Touch the Soil News #558 Casual dining restaurants like Ruby Tuesday and Johnny Carino’s are but two of dozens of chains having to close locations due to faltering traffic. In an earlier News piece, we revealed that on average, 850 new restaurants open every month. On the flip side, some 1,400 restaurants close every month. Recently BMO Capital released a new analytical estimate that the casual dining sector may be over-supplied by some 4,500 locations. Given the rate of restaurant closures, it may not take that long to thin the ranks. Other than a couple of months over the past three years, traffic through casual dining restaurants has been decreasing –…

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