Scores Holding - Competitors

Scores Holding Competition

Now Viewing Scores Holding's competition in: Restaurants

Recent Developments

Tough Economic Times Call for Menu Changes - Chain restaurants in the US are introducing new menu items to bolster sales in a tight economy. October saw 547 new items appear on chain restaurant menus, a 40 percent increase over the monthly average in 2008, according to Technomic, a foodservice consulting firm. Restaurants are not only offering lower-cost menu options, but also rolling out new items in an attempt to get customers to come in for something different.

Bleak Outlook for Full-Service Restaurants - Full-service restaurants in the US can expect to see a drop in same-store sales in 2009 because of a reduction in consumer spending, according to industry observers. The US consumer confidence index for November 2008 was the lowest it has been since April 1980. About 75 percent of consumer confidence survey respondents believe economic conditions will not improve in the near future, so restaurants can expect discretionary spending to remain soft.

Restaurants Aim to Trim Water Bills - Water conservation is a growing trend for US restaurants looking to cut operating costs. The installation of on-demand water heaters, low-flow nozzles in kitchens, and low-flow toilets and infrared faucets in restrooms can pay for themselves quickly, according to the National Restaurant Association. More than 60 percent of restaurant customers in the US prefer environmentally friendly restaurants.

Competitive Landscape

Demographics, consumer tastes, and personal income drive demand. The profitability of individual companies can vary: while QSRs rely on efficient operations and high volume sales, FSRs rely on high-margin items and effective marketing. Large companies have advantages in purchasing, finance, and marketing. Small companies can offer superior food or service. The industry is highly labor-intensive: annual revenue per worker is between $40,000 and $45,000.

Full Industry Overview For Restaurants

Restaurants Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US eating and drinking places is forecast to increase at an annual compounded rate of 4.6 percent between 2008 and 2013.

Eating and Drinking Places Growth Steady

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.