According to Steven Johnson, founder of Foodservice SolutionsŪ www.FoodserviceSolutions.us, unfortunately the answer is yeas.
Restaurant customer migration continues to eat away at top line growth and bottom line profits for chain restaurants. Since 2009 the economic turmoil, malaise, or quagmire has been to blame if one were to listen to earnings conference calls conducted by many major chains.
The truth is consumers are not eating any less today than they did in 2009. They are in fact eating somewhere else. The restaurant industry overall has been stagnating since even before the recession ... read more of Focus on selling foods that can capitalize on the growing trend of "eating in".
Recently Sbarro announced they were closing 155 units, blaming this on declining mall traffic. Yet Cheesecake Factory, also mall based, had revenue increase by 16 percent in 2013.
Maybe they recognizing that Millennials are Driving Change in the food business.
Expect a Tsunami of Retail Store Closings and Downsizings due to the "Seismic Shift" of consumers to to Online Shopping. and Much of this is driven by Millenials and Amazon.
Steven Johnson Foodservice SolutionsŪ www.FoodserviceSolutions.us writes about Millenials Quest for Food Discovery and the Seismic Shift of on Online Shopping for food.
Non-Traditional Fresh Food: Amazon Fresh is Bold, Brave, Branded
Amazon Fresh launches new Seattle Spotlight program offering access to restaurant meals and ingredients limited to the Seattle area. "Seattle Spotlight" is an interesting blend of takeout and home cooking.
How Amazon Selects Food Vendors for Seattle Spotlight
Online Grocery Shopping business models have fallen on that "last mile of delivery". Well Amazon Fresh's Seattle Spotlight program has the solution for selecting vendors and getting your food to you fresh.