Mall Restaurants Foresee Bleak Christmas

With sales down at local malls and retail centers and projected at record lows for the holiday season as households curtail spending, restaurants that rely on retail traffic are preparing for losses.

1 minute read

November 22, 2008, 9:00 AM PST

By Tim Halbur


"Among those are California Pizza Kitchen Inc., which has about 89% of its 251 restaurants in or near retail centers and malls, and Cheesecake Factory Inc., with two-thirds of its stores in or near shopping centers. Most Red Robin Gourmet Burgers Inc. restaurants are also tied to retail centers, while Kona Grill Inc.'s 20 restaurants are also primarily within shopping centers. P.F. Chang's China Bistro Inc. and Ruby Tuesday Inc. are also exposed to downturns in retail traffic, analysts say.

"These aren't necessarily brands you make a reservation to," Oppenheimer & Co. restaurant analyst Matthew DiFrisco said. "They live off the flow of traffic going to lifestyle centers and malls, and are trying to intercept you while you're out shopping."

The economic and consumer spending slump are already wreaking havoc on restaurant sales as fewer diners go out to eat and spend less when they do. The holiday season will likely continue the downward trend as retail traffic is expected to stay down over prior-year numbers."

Wednesday, November 19, 2008 in Wall St. Journal

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Close-up of "Apartment for rent" sign in red text on black background in front of blurred building

Trump Administration Could Effectively End Housing Voucher Program

Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

April 21, 2025 - Housing Wire

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

April 23, 2025 - Diana Ionescu

Ken Jennings stands in front of Snohomish County Community Transit bus.

Ken Jennings Launches Transit Web Series

The Jeopardy champ wants you to ride public transit.

April 20, 2025 - Streetsblog USA

Floor-to-ceiling rotating gates at Fairmount subway station in Philadelphia, Pennsylvania.

Crime Continues to Drop on Philly, San Francisco Transit Systems

SEPTA and BART both saw significant declines in violent crime in the first quarter of 2025.

45 minutes ago - Mass Transit

South LA Wetlands Park in Los Angeles, California.

How South LA Green Spaces Power Community Health and Hope

Green spaces like South L.A. Wetlands Park are helping South Los Angeles residents promote healthy lifestyles, build community, and advocate for improvements that reflect local needs in historically underserved neighborhoods.

1 hour ago - ABC 7 Eyewitness News

Intersection in downtown Sacramento, California with neoclassical building with columns on left.

Sacramento Plans ‘Quick-Build’ Road Safety Projects

The city wants to accelerate small-scale safety improvements that use low-cost equipment to make an impact at dangerous intersections.

2 hours ago - The Sacramento Bee