Executive Summary Growth Driver: Post-recession growth in the restaurant category is driven by a fundamental and cross-generational shift in consumer dining habits. Who’s Spending? Millennials dine out more frequently than their older counterparts, but Generation Xers and baby boomers contribute most to restaurant sales. Millennials likely will spend more as they advance in career and […]
Growth Driver: Post-recession growth in the restaurant category is driven by a fundamental and cross-generational shift in consumer dining habits.
Who’s Spending? Millennials dine out more frequently than their older counterparts, but Generation Xers and baby boomers contribute most to restaurant sales. Millennials likely will spend more as they advance in career and spending power.
Hot Categories: Four segments best poised for future expansion are food trucks, food halls, celebrity-chef restaurants and grocers, though landlords must be both vigilant and creative in their lease terms.
Where is Growth? Secondary urban markets are best positioned for restaurant spending growth, most notably Minneapolis, Denver, Baltimore and Philadelphia.
Landlord Appeal: Restaurants are a key component of “placemaking” and will expand their presence in retail real estate as landlords seek tenants that drive traffic and sales.
Restaurant Brands International reported a surge in revenue.
Pandora has revised its full-year organic growth guidance upwards to a range of 9% to 12%.
Pandora has revised its full-year organic growth guidance upwards to a range of 9% to 12%.
In-store retail media crossed $0.5B. AI moved from the cloud into checkout scanners. Retail space supply hit historic lows.
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