Sunday, April 19, 2009
Restaurants Two Gwinnett restaurants' revenue drop 42 percent
Posted by Cliff Bostock @cliffbostock on Sun, Apr 19, 2009 at 10:32 PM
Laurie Attaway, owner of two Gwinnett County restaurants, talks to the Gwinnett Business Journal about the "drastic" effect of the economy on business there:
"Everyone talks about the stock market and the housing market, but the trickle down effect is hitting us," says Attaway, who owns Third Coast Grille and Aqua Terra Bistro in Buford. "People are watching the news and feeling so fearful that they're not going to go out."Locally, the restaurant and hotel industries lost an estimated 1,100 combined jobs in Gwinnett County last year, according to the county's Economic Analysis Division.
Attaway says her restaurants have both seen 42 percent drops in revenue over the past year. To combat the weaker sales, her restaurants have introduced half-price wine nights, prix-fixé meals and draft beer specials.
Of course, Attaway is not alone: "According to the National Restaurant Association, restaurant operators reported negative customer traffic levels for the 17th consecutive month in January 2009, the most recent figures."
Meanwhile, though, an Atlanta-based firm thinks positively:
In RBC’s April survey of 2,717 consumers, 44 percent of the respondents said they were planning to spend less at restaurants during the next 90 days, an improvement from the 50-percent reading in March. The percentage of consumers who said they were planning to spend more at restaurants rose to 6 percent in April, from 5 percent in March.
Comments (1)
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go to http://www.atlantadining.com web site and click on advertise - no cash at all -- read the testimonials from other local restaurants - i'd love to come and help out - no cash - all trade - almost like a co-op - 20 years in busines in atlanta - horseradish grill - el -azteca - coco loco - anthony's - more - joe somerville 770-598-8911 = 40,000 twitter followers
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