5 reasons independent restaurants are winning
This post is part of the On the Margin blog.
Traffic at restaurant chains has been increasingly problematic in recent years, and has fallen at least 4.2 percent on a two-year basis in four of the past five months, according to MillerPulse.
One reason for the decline is that consumers are broadening their spending, especially at dine-in concepts where prices are higher.
The beneficiary of this is the independent restaurant. As my colleague Lisa Jennings reported last week, independents are expected to gain market share in the coming years, and will grow at a higher rate.
To be sure, it’s difficult to