Chains Are Expanding at the Expense of Independent Restaurants
Blame fast food giants and their dirt-cheap food
Despite all this talk about “the foodie generation” and millennials who are obsessed with Instagramming their locally sourced kale salads, American diners are increasingly spending their dining dollars at chains. New research shows that while restaurant spending has nearly returned to pre-recession levels, chains are benefitting from it more than independently owned restaurants, according to Buzzfeed News.
A recently released report by research firm NPD Group reveals that as of last fall, the number of independent restaurants operating in the U.S. fell by 2 percent compared to a year earlier, meaning about 7,100 restaurants closed.…