The world of retail and restaurants are more integrated than many think, and the way that retail is looking in 2017 is sending an omen to restaurant owners. In the same way that retail locations had attempted to off-set negative trends by reinvesting and growing, restaurants need be wary of the difficulties and trends that are taking place that are sure to impact their revenue streams.
- Consumers can easily shop for prices online, and can often find better deals. Traditional shops have higher capital and overhead costs.
- Over the years, retailers aggressively built new locations as developers opened up shopping malls and strip centers.
- Walk into a Sears at any particular moment and you wonder how that store remains open.
“Over the years, retailers aggressively built new locations as developers opened up shopping malls and strip centers. As demand for those locations waned, they’ve been slow to close them.”