P.F. CHANG’S CONTINUES DOWNARD SLIDE

As a ditch effort to increase same-store sales, P.F. Chang’s 2% price hike came to no avail. During the quarter ending July 1, P.F. Chang’s sales slid 1.3% while its Pei Wei chain saw same-store sales rise 1%. The company noted that its namesake P.F. Chang's chain suffered a decline in same-store sales for all three months of the quarter.