Thursday, March 21, 2013

Diners shun restaurants as payroll tax hike hits : Longest sales decline in almost three years; 'pretty ugly' for chains

The Arizona Republic reports:
Restaurants are reeling from their worst three months since 2010, as American diners spooked by higher payroll taxes cut back on eating out. Sales at casual-dining establishments fell 5.4 percent last month, after declining 0.6 percent in January and 1.6 percent in December, according to the Knapp-Track Index of monthly restaurant sales.
The great Obama economy recover!