Restaurants Surpass Supermarkets

Wow, this is really pretty amazing news in many ways.  For the first time since records have been kept, starting in 1992, the U.S. is spending more at restaurants than at supermarkets.

Wow.

Here is a good story on the subject:

https://www.yahoo.com/food/in-first-americans-spent-more-in-restaurants-than-112803758886.html

Here is a snippet on that piece:

More than two decades ago, Americans spent $162 in groceries for every $100 they spent in restaurants. But this past January, they spent nearly equal amounts of money in both places: $50.475 billion in restaurants and bars, and $50.466 billion in grocery stores.

I'm wondering what the folks at Target and Walmart are thinking.  As they continue to move aggressively towards the traditional supermarket shopper, that shopper is increasingly moving towards restaurants.  Will we see full-blown restaurants inside of Walmart and Target in the coming years?

Happy Reading,

J.W. Gant