Industry Analysis & Industry Trends
Rolling with the punches
The Sushi Restaurant industry took a couple of big blows during the recession, when per capita disposable income decreased and the unemployment rate jumped drastically. However, as sushi is largely a discretionary purchase, the industry will recover slowly as the incomes rise and spending habits reverse. On the other hand, rising seafood prices and increasing internal competition will hinder revenue and profit through 2017.... purchase to read more
Industry Report - Industry Analysis Chapter
Since the 1980s, sushi restaurants have been gaining popularity in America thanks to the introduction of the California roll, an American-influenced version of maki (rolled) sushi that features avocado, cucumber and some form of crabmeat. During the past five years, the industry has exhibited increased volatility. American tastes for sushi were growing well into 2008, but the economic downturn of 2009 and subsequent slow recovery are estimated to set the industry back to 20th century levels. While high input prices added further impediments to sales during the recession, competition from substitutes also rose as consumers sought cheaper alternatives, including sushi from alternative sources like grocery and convenience stores. As... purchase to read more