The National Restaurant Association forecasts the foodservice industry will grow a modest 3.5% in current dollars in 2012, a slight decline from its estimate of 4% growth in ’11. NRA estimates ’12 will be the third consecutive year of growth following two years of declines during the Great Recession. Sales are forecast to reach a…
The economy in the United States is generating new jobs at a much faster pace than almost anyone expected. The latest evidence is the Bureau of Labor Statistics report for jobs growth for January, during which nonfarm payroll employment jumped by 243,000, with broad-based gains across all sectors except information and government. Most economists expected…
After bottoming out in November and December, prices for stainless and carbon steels, as well as aluminum, copper and other materials widely used in foodservice equipment and supplies, are back on the rise. Pushing the gains are strong increases in prices for carbon steels, nickel and copper. According to a report from Main Steel, published…
We’ve been reporting for years about the U.S. restaurant market thanks to the National Restaurant Association’s Restaurant Performance Index. Going forward, we’ll be able to report about the Canadian market, too. The Canadian Restaurant and Foodservices Association has launched a new Restaurant Outlook Survey. The quarterly survey of Canadian restaurant operators will track current and…
Advances in foodservice equipment technology and management best practices are offering the industry huge operating-cost savings, speakers told attendees at Foodservice Equipment Reports’ sixth biennial Multiunit Foodservice Equipment Symposium for chain and commercial operators. The meeting was held at the Barton Creek Resort Jan.27-30 in Austin, Texas. More than 110 commercial chain operators, suppliers and…
Tom Hotard has been named president of H.C. Duke & Son, aka
Two New York-based, family-owned foodservice equipment and supplies dealers have made a deal which combines their assets and key personnel. Tassone Equipment, a dealership based in Syosset, N.Y. The financial terms of the deal, which is expected to close in March, were not disclosed. “Tassone Equipment has been a leader in our industry for years.…
The future of foodservice consultant awaits its leaders, and here. FCSI-The Americas is dedicated to serving independent foodservice design and hospitality management professionals. In addition to the United States, it encompasses the geographical areas of Canada, Mexico, South America and the Caribbean.