CRFA: Foodservice sales to drop 1.4% in 2009

Dec. 18, 2008 – Canadian foodservice operators are facing the most
challenging business environment since 1991, when they were hit with
the double whammy of the GST and a recession.

Dec. 18, 2008 – Canadian foodservice operators are facing the most
challenging business environment since 1991, when they were hit with
the double whammy of the GST and a recession.

CRFA’s latest forecast is for industry sales to fall by 1.4 per cent in 2009
compared to a 5.9 per cent decrease in 1991. Adjusted for menu inflation of
3.2 per cent, real foodservice sales will slip by 4.6 per cent – the largest decline
since the 10.6 per cent drop in sales in 1991. | FULL STORY