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Holiday Blues

Not only are chain restaurants feeling the pinch in these belt-tightening times, but chains at or near malls have little to look forward to this holiday season. With retail sales expected to be down, restos like California Pizza Kitchen, Cheesecake Factory, Red Robin and P.F. Chang's will most certainly get less business, which means the independent spots that flank our pedestrian-heavy shopping areas (Third Street Promenade or Old Town Pasadena) are really going to hurt. [WSJ]

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