
While many companies start reducing headcount, salary and working day, many employees start cutting expences. It makes me wonder whether this will prevent people from having nice lunch/dinner at restaurants.
An article in The Star shows that most restaurant chain stores, such as Manhattan Fish Market (MFM), Tony Roma’s and Kenny Rogers Roasters found out that the customers had increased this year. Kenny Rogers Roasters has 23% sales growth this year. One of the Chinese restaurants, however, suffered from the decrease in customers.
In my opinion, obviously restaurant businesses is good this year as headcount/salary reduction only become significant late of the year (November). Furthermore, most people also won’t hesitate in spending more on food in this festive season. Perhaps the restaurant owners will only see the effect of economic crisis after Chinese New Year next year.
I hope it won’t affect me in providing more reviews here.
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2 responses so far ↓
1
Food Promotions
// Jan 2, 2009 at 10:55 pm
HI
We would like to invite you to visit http://foodpromotions.blogspot.com/.
Cheers
FP
2
Food Promotions
// Jan 2, 2009 at 10:59 pm
Hi
We would like to invite you to visit http://foodpromotions.blogspot.com/
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