As Consumer Spending at Big Chains Bounces Back, Independent Restaurants Are Left in the Lurch

  • By cvbizz
  • July 13, 2020
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Study shows that big chains are financially recovering much faster than small or independent restaurants

Consumer spending at big restaurant chains have largely bounced back to pre-pandemic levels, but small chains and independent restaurants have a much longer road to recovery, according to a recent study by the Bank of America.

Using data from Bank of America credit and debit card holders, analysts found that on July 1, the average spend at large chains was down by just 4 percent

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