Retail sales show massive shift in restaurant industry | Business Insider


Wednesday’s retail sales report was disappointing, missing economists’ expectations and raising concerns over the outlook for the holiday shopping season.

Within the retail sales report, however, was an interesting nugget that may be worrying for America’s major restaurant chains.

The percentage of retail sales devoted to bars and restaurants compared with food and beverage stores was nearly the smallest gap in decades, according to Bespoke Investment Group.

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