Restaurant Trends - Growing And Emerging Concepts - Change and Activity July 19, 2016
Update from Restaurantchains.net on growing and emerging restaurant concepts
Preliminary numbers from the U.S. Census Bureau released last week show that eating-and-drinking-place sales totaled $54.4 billion on a seasonally-adjusted basis in June, slipping 0.3 percent from Mays sales volume.
Recent debates over raising the minimum wage and lowering tip credits have renewed interest in the question of whether restaurants should replace tipping with service charges or higher service-inclusive menu pricing. Indeed, a number of restaurants ended tipping last year - though some have since restored the practice.
Due in large part to softer same-store sales and customer traffic results, the National Restaurant Associations Restaurant Performance Index (RPI) declined in May. The RPI stood at 100.6 in May, down 0.9 percent from a level of 101.6 in April.