Retail Contractions Continue, Bob Evans is Next

The economy is weakening. Consumer spending continues to be cautious. The retail trade sector is fragile, especially in overbuilt areas, or those with too much retail, and in areas with slack demand.

Bob Evans Farms, Inc. is closing 27 restaurants, according to streetinsider.com, but it’s not yet known if Northeast Ohio patrons will be affected. The company has not yet released a list of closures, but the Columbus Dispatch reports that one is in Dayton and one in Toledo. CBS news revealed the entire list, which did not include additional Ohio locations. This is the second big wave of downsizing. Last year, the company closed 20 locations, but none were in Ohio, the company’s home state

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