When news of sluggish sales hits the retail real estate sector, department stores and apparel retailers emerge as the usual suspects for waning demand for space. Restaurants are usually seen as alternative anchors that can occupy vacant anchor spaces, drive shopper traffic and help malls maintain healthy leasing levels.
picture is becoming more complicated. Restaurants have experienced
weaker foot traffic and sales for about six quarters, according to RBC
Capital Markets. Restaurant spending increased by about 6.25 percent by
the end of the first quarter of 2016, but that was down from a spending
increase of 8.0 percent in the second quarter of 2015.. . . more