Editor’s View: Restaurant Industry Shifts Away from Worrying About Seafood Prices
SEAFOODNEWS.COM [Editor's View] by John Sackton February 26, 2015
We have consistently covered foodservice and restaurant business news in our daily selection of news stories, even though they are often not the most widely read. Many seafood wholesalers are one or two steps removed from their foodservice customers, or they deal directly with a smaller group of restaurants, rather than national chains.
Yet what happens at foodservice has a real bearing on prices and demand for seafood. The last few years have put the restaurant industry in a real bind: higher food and seafood costs, especially on marquis items such as shrimp and crab, ran smack into a period of declining traffic and weak restaurant sales.
Most operators responded by raising menu prices, further depressing traffic and sales. That era appears to be coming to an end. Last week we wrote that January restaurant traffic was the best in five years. (
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With better traffic and a positive sales outlook....
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