Sponsors
Billabong ▲ +0.005 | PPR ▲ +0.80 | American Apparel ▲ +0.07 | The Buckle ▼ -0.99 | Columbia ▼ -0.38 | Deckers Outdoor ▼ -1.94 | Dicks ▼ -0.92 | Foot Locker ▼ -4.02 | Genesco ▼ -3.05 | Iconix Brand Group ▼ -2.52 | Jarden Corp ▼ -0.17 | Nordstrom ▼ -0.42 | Luxottica ▲ +0.45 | Nike ▼ -2.24 | Pacific Sunwear ▼ -0.05 | Skullcandy ▼ -0.04 | Sport Chalet - 0 | Urban Outfitters ▼ -0.15 | VF Corp ▼ -1.17 | Quiksilver ▲ +0.46 | Zumiez ▼ -0.62 | Macys ▼ -1.48 | Tillys ▲ +0.15 |
Ticker Sponsor
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Industry Insight

AGENDA: GroupY's Emerge brand-building conference returns on Jan. 6.
SURFRIDER: "Protect What You Love" holiday appeal.
MOSS ADAMS: Plan now for tax season.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Some OC restaurants feeling the slowdown

By Tiffany Montgomery
August 30, 2007 6:05 AM

I talked to Steve Carley of El Pollo Loco who told me the operating environment for restaurants was the worst he's seen since 9/11.
Steve CarleySteve Carley, chief executive officer of El Pollo Loco,
headquartered in Irvine. Photo courtesy of El Pollo Loco.

Carley blamed higher gas prices, rising adjustable mortgages and rising food prices. He said consumers are extremely price sensitive right now, which is pressuring transactions at his 370-restaurant chain.


Several others echoed his thoughts, including executives from Del Taco and Wahoo's, Most said sales are ahead of last year but below plan.


Here's the bad news: Carley doesn't think it will get better any time soon. He's predicting tough times into 2008.


I talked to Carley and others for a story I wrote for this week's edition of the Orange County Business Journal. The story is out this week, and is behind their paid wall. It costs $3 to access and you can find it by clicking on the dining section on the left of their home page.


Even high-end restaurants like Opah are also feeling some pain. Partner Marc Cohen talked to me about it in an earlier post. Here's a link: Opah story


What does it all mean? Hard to tell because some restaurants and retailers are still doing well. But it's patchy out there from what I'm hearing.


It's going to be an interesting Christmas season for retailers and restaurant owners if the economy doesn't bounce back.


Articles You Might Have Missed