Recession catches up to McDonald’s BY ASHLEY M. HEHER The Associated Press
CHICAGO — The supersized recession that was a boon for business last year caught up further with McDonald’s Corp. in November, as high unemployment ate into sales. While the world’s largest burger chain is still faring better than its competitors, who’ve increasingly been pushing value menus and discounts of their own, the restaurant’s fortunes likely won’t improve unless the U.S. economy does. “I think ultimately, we’ll need job growth to get things turned around to get back in the positive territory,” said Morningstar restaurant analyst R.J. Hottovy. On Tuesday, McDonald’s said sales at restaurants open at least a year fell 0.6 percent in the U.S. It was the second consecutive monthly decline for the measure, an important indicator of a restaurant chain’s health, and a steeper fall than October’s 0.1 percent. ...................>>>>..................>>>>...............http://www.dailygazette.net/De.....r00605&AppName=1
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