Are consumers losing their appetite for eating out?
But that changed after Cabot, an adjunct professor of theater at UCLA, had to take a 6% salary cut. The couple now eat out half as much and frequent less expensive Mexican and Italian places.
"I just don't want to spend the money to eat out a lot," Cabot said.
With Thanksgiving this week and Christmas next month, restaurants are eager to win back customers such as Cabot who seemed to disappear amid a brutal summer for the nation's eateries. Restaurant owners are worried that tight corporate entertainment budgets, cash-conscious consumers and greater competition from price-cutting supermarkets will make for another dreary Christmas. Read more here:
-- Jerry Hirsch
Photo: Patina Restaurant Group founder Joachim Splichal, shown at his Nick & Stef's Steakhouse in downtown L.A., has been focusing on booking company parties, offering price breaks as inducements. Credit: Ricardo DeAratanha / Los Angeles Times