Tag: Canadian Restaurant Investment Summit
If the past five years have taught foodservice operators anything, it’s that today’s business environment is more tenuous than ever, and the increasingly educated consumer is king. This is especially evident on this year’s Top 100 Report, (see p. 27) a barometer of growth in this industry for more than 40 years. Where growth was once fast and furious, today it is tempered and deliberate. Sure, operators are continuing to add units and looking to develop new concepts, but growth is marginal at best and is often achieved by stealing market share.
TORONTO — Competition is creating new challenges in today’s restaurant industry, as owners fight for their share of traffic and react to emerging segments, reported experts at the fifth-annual Canadian Restaurant Investment Summit (CRIS), held yesterday at the Eaton Chelsea hotel in Toronto.