March retail sales certainly rebounded, and it looks like restaurants are enjoying some improving sales figures as well. According to data from the NPD Group restaurant sales were up 1% in March after declining 2.9% in 2009.The industry is also adding jobs, with 42,500 new ones coming on board during the first three months of this year. Those figures are down, though, by 251,000 since December 2007. At Yum! Brands, first quarter earnings rose 11%, helped in part by its Pizza Hut chain, which had a same-store sales rise 5% because of a promotion that offers any pizza for $10. But US sales were still down at the Taco Bell and KFC chains.And Frisch’s, the owner of the Big Boy and Golden Corral chains in the Midwest, certainly didn’t see any kind of uptick in its most recent quarter, when fell nearly 41% and sales were down 4.2%.Do you see more people dining out, or will the unemployment picture need to turn around further before there is significant improvement?ALSO: Retail Sales Are Up, but Landlords Are Still Feeling Down

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.