Mariposa Needs More Restaurants


The Census Bureau released recently released the data for US retail sales in May 2016, and the trends for Americans’ food spending continues.

For the 14th consecutive month starting in April last year and by the widest margin ever ($2.35 billion), retail sales at US restaurants ($54.9 billion) in May exceeded consumer spending at grocery stores ($52.5 billion).

It’s a long-term trend we can expect to continue for several reasons: a) the average US household size continues to decrease, b) the share of single US households is increasing, c) gradual improvements in the economy will encourage dining out, and d) the price competitiveness of the restaurant industry makes dining out affordable.

Posted on September 26, 2016