Restaurant Chains Struggle to Lure Back Older Diners Post-Pandemic
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Older customers have not returned to restaurants like they were expected to after the pandemic, hurting foot traffic. Chains say customers 65+ are especially cautious.
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Inflation and economic concerns are also keeping older diners, who tend to be value-conscious, away from restaurants.
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Cracker Barrel and Olive Garden have seen the biggest declines in customers 65+ compared to before the pandemic. Younger customers have returned more.
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Cracker Barrel's retail sales have also fallen as older customers stay away. Its shares are down 27% this year.
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Chains like Olive Garden are embracing a shift to attracting more younger diners through digital loyalty programs and opening new locations.