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Cooter Brown

Cooter Brown
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  • The restaurant sector is on watch after a profit warning from Darden Restaurants points to weakness, not in Europe or China, but at home in the U.S. While increased promotional activity in the sector is behind part of the slip from Darden, the bigger question is why are sales so weak for big players if consumer confidence is supposedly bouncing back? [View news story]
    They "dumb down" and "squeeze out quality" to make the food you eat at the prices you demand. It's not like they want to serve less quality. It's not a choice. Stop incessantly value shopping and higher quality restaurants won't have to compromise their products in order to compete. Get it now? People who slam the restaurant industry for squeezing margins are ignorant to the facts. Restaurants are the ones being squeezed between commodity pricing, labor laws and the customers' disposable income. The restaurant industry provides a quality of life never seen before on this planet. So give them a little credit for not investing their capital elsewhere and employing millions of Americans.
    Dec 4, 2012. 11:24 AM | 1 Like Like |Link to Comment
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