Closures, downbeat industry reports deflate recent turnaround optimism

Closures, downbeat industry reports deflate recent turnaround optimism

NEW YORK —Several negative late July reports chronicling restaurant closures, faltering consumer confidence and eroding operator optimism are dashing hopes that the industry’s fortunes will improve in the near future.

According to The NPD Group, more than 4,000 restaurants lost their battle against the recession and closed between April 1, 2008, and March 31. And the most recent National Restaurant Associati

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