It was bad news all around relative to the restaurant industry economy in the month of July, as both same store sales and traffic both dropped in the height of the summer months and the growth in average ticket slowed to a trickle during the month. SSS fell 2.8 percent during the month, down 1.8 percent from June and same store traffic fell 4.7 percent, a drop of 1.7 percent from the June traffic according to the Restaurant Industry Snapshot, a regular report of TDn2K based on weekly sales from over 28,000 restaurant units across 155 brands. Labor continued to be an area of major concern as 63 percent of companies reported an increased difficulty in filling positions with qualified workers. Speaking of drops, we told you a few weeks ago that Starbucks was selling all of their Teavana stores, and this week we noted reports that the company will take a $102 million loss on the business it bought back in 2012 for $620 million!  On top of that news, Seeking Alpha has expressed concern after BMO Capital downgraded the stock to market perform.