Thursday, November 29, 2012

Restaurant outlook dampens - The Business Journal of Milwaukee:

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A total of 60 percent of operatorzs saw lower May sales compared to ayear ago, while 26 percentt said sales were up. The association also says restaurant operators reportedf negative customer traffic levelsin May, the 21st consecutive monthb of traffic declines. "Despite the softer sales outlook, restaurant operators remaine relatively optimistic that the economy will improve in themonthx ahead," the Association said. "Thirty-four percent of restaurangt operators said they expect economic conditions to improve in six down slightly from 37 percent who reportee similarlylast month.
" After reachiny a 10 month high last month, the group says restaurang operators have scaled back plans for capital expenditureds in the coming months, with 41 percent planning to spen money on remodeling or equipment, down from 46 percenf last month.

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