Restaurants Draw Crowds, Even As Retail is Hit By Economic Woes

Restaurants are now a better draw than retail in a tough economy, and new retail centers are upping their percentage of eating places to follow suit.

"Developers say a popular restaurant can generate as much or more sales than a department store without using as much space. The proof, they say, is in the success of places such as Dallas' West Village.

Consumer behavior has changed with more people dining at a wider variety of places closer to home. In addition, other retail options have narrowed. Traditional retailers such as Foot Locker, Linens 'n Things and Zales have closed stores or shrunk expansion plans amid a tough national economy.

"Statistics show that consumers will eat out even if they cut back in other areas," said Jud Pankey, who's developing Lake Highlands Town Center in Dallas.

The National Restaurant Association has projected U.S. restaurant sales to increase 4.4 percent this year from 2007, even amid rising consumer prices."

Full Story: Restaurants popular as a draw for shopping centers

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209
poster

A Short History of America

From comic book artist Robert Crumb, poster shows how the built environment has changed throughout the decades.
$14.95
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95