Restaurants are under pressure as consumers steer away from dining out, while rising operational costs squeeze profit margins, a new report shows.
Three in four Canadians are eating out less, often because of the high cost of living, a Restaurants Canada report published Monday found. That share is even higher among those aged 18 to 34 at 81 percent.
Restaurants Canada chief executive Kelly Higginson said it’s an “alarming” trend for the foodservice industry.
She said the younger generation in particular is “who we’re really going to be targeting more and more as they start to grow into the main consumer of the demographic.”…