This Week in Retail: Travel Season and Foodservice Demand
Following Independence Day, major retail buying occasions are few and far between until Labor Day. While the dog days of summer typically slow retail sales, they can spark interest in retail’s counterpart—foodservice.
The peak travel season, which is roughly from June through August, is usually beneficial for the restaurant sector. This summer, however, there are several variables at play that will influence travel plans, including high gas prices.
According to AAA, the national average for gas ticked lower to $4.80 a gallon, down eight cents over the past week. The downturn was mainly due to falling demand. While demand has softened, it could pick up again as more people plan vacations and hit the road this summer...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.