Many restaurants failed in '08 as economy worsened

Many restaurants failed in '08 as economy worsened

TAMPA Fla. The difficult operating environment inflicted extensive damage on the restaurant industry last year, according to a recently released report.

In a survey of more than 9,500 restaurant operators, Chain Store Guide, a retail and research firm based here, found that 388, or 4.1 percent, went out of business in 2008. While the firm conducts an annual census of restaurant operations, the notable number of closures prompted CSG to tally that figure for th

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