To go.To Go: It looks like the rise in gas prices to the $3 a gallon range is starting to hit more than drivers' wallets. Local sit-down restaurant chains The following is a list of restaurant chains. See also: Fast-food restaurant, Casual dining, List of reference tables. International
tr.v. dis·cour·aged, dis·cour·ag·ing, dis·cour·ag·es 1. To deprive of confidence, hope, or spirit. 2. To hamper by discouraging; deter. 3. sales declines. Those include Applebee's, Chili's and Calabasas Hills-based Cheesecake Factory. A June survey conducted by BIGresearch said that nearly 30 percent of 680 Californians said high gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by prices had caused them to cut back on dinning out. Rising interest rates and increases in the minimum payments on their credit cards have only added to the problem, the survey said. Cheesecake Factory was one of the first to notice this trend and has seen same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. slide by about 1 percent in each of the last two quarters. However, the chain is still planning on building 17 new restaurants over the next year. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion