Bakers Journal

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CRFA: Foodservice sales to drop 1.4% in 2009

December 18, 2008  ByCANADIAN RESTAURANT


NEWS HIGHLIGHT

CRFA: Foodservice sales to drop 1.4 per cent
in 2009

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.

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


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