This Week in Retail: Travel Season and Foodservice Demand
Following Independence Day, major retail buying occasions are few and far between until Labor Day. While the dog days of summer typically slow retail sales, they can spark interest in retail’s counterpart—foodservice.
The peak travel season, which is roughly from June through August, is usually beneficial for the restaurant sector. This summer, however, there are several variables at play that will influence travel plans, including high gas prices.
According to AAA, the national average for gas ticked lower to $4.80 a gallon, down eight cents over the past week. The downturn was mainly due to falling demand. While demand has softened, it could pick up again as more people plan vacations and hit the road this summer...
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