Restaurant Same-Store Sales Match Declining Real Average Weekly Wage Growth Declines

wallstreetexaminer.com / by Anthony B Sanders / April 20, 2017

First, we have the retail chain closings that adversely effected REITs and CMBS. And Columbus, Ohio’s own Limited Stores announced in January that it is closing ALL 250 of its stores. And even Victoria’s Secret and Bath and Body Works are closing in Scranton, PA’s iconic Steamtown Mall.

Now we have restaurants falling by the wayside but we can’t blame that on Amazon or digital competitors.  The National Restaurant Association (NRA) released its same-story sales index for February and it shows continued weakening (although an improvement from August 2016).

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