>Restaurants' Biggest Drop in 3 Decades

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>The U.S. Restaurant Industry is facing its toughest times in 3 decades and the outlook appears to be grim unless the economy shows signs of rebound. With lower disposable income, consumers are spending less and dining out seldom.
Moreover, rising unemployment is making things worse. Most of the companies have either scaled back or postponed further unit development. Famous Dave’s of America , Cosi Inc. (NasdaqGM: COSINews), BJ’s Restaurants (NasdaqGS: BJRINews), California Pizza Kitchen (NasdaqGS: CPKINews) and Red Robin Gourmet Burgers (NasdaqGS: RRGBNews), which operate in the casual dining segment, are experiencing declining same-store sales and traffic counts.

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