Plight Of The Independents

QSRMagazine:

In August, the NPD Group released its annual tally of U.S. restaurant closures, and the study proved a sobering reminder of the challenges independent restaurants face in any climate, let alone one sitting in recession-era shadows.

The NPD Group reported that 9,450 restaurants closed during a 12-month period beginning April 1, 2010. Nearly 92 percent of the closures, or 8,650 units, were independents, the steepest dive in that category since the Chicago-based market research firm began collecting the data in 2001.

Though quick serves can perhaps take comfort in the fact that 63 percent of the NPD-reported closures were full-service establishments, the disproportionate amount of independent closures spotlights the daunting climb such operations face. More.

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