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

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

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 $245

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00
Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

The Planetizen Guide to Graduate Urban Planning Programs is the only comprehensive ranking and listing of graduate urban planning programs available.
Starting at $24.95