By Carissa Chesanek, Contributing Editor
Bloomberg reports that fast casual dining is at an all-time low, with sales lagging and customers more interested in cheaper and faster meals.
Recent findings states the sales from fast casual venues “will slow between 6 and 7 percent” this year while the years prior had sales growing up to 11 percent.
According to Bloomberg, fast casual hot spots including Noodles & Co. and Pie Five are closingseveral locations because sales are so low, while Red Robin is forced to shut down many of its Burger Works venues or re-brand those that are still around.
The drop in popularity has a lot to do with menu items being too high in prices and calories, making fast food a more desirable option when on-the-go.