CNN – Business
Richer people are eating more at Applebees and IHOP – New York (CNN Business)Cash-strapped consumers are starting to trade down, swapping higher-priced goods for more affordable alternatives. Thats good news for Applebees and IHOP. Applebees and IHOP have both raised their menu prices this year. Instead of focusing on absolute prices, theyre leaning into other conceptions of value. …
