Citing the recent release of the annual Chain Restaurant Industry Review from GE Franchise Finance (GEFF), Nation’s Restaurant News reports on how restaurants are adapting to economic challenges.
It’s good news, as restaurants are adapting well to “consumer preferences and economic challenges” — as well as “whatever’s thrown at them,” said Kimberly Savilonis, Senior Vice President for GEFF and an author of the report. Savilonis also said the industry’s future “feels more positive.”
The Review takes into account consumer loan delinquency rates, sales data, growth projections, consumer confidence, merger and acquisition activity, IPOs and other indicators to reach its conclusions. Read the full article here.
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