Restaurant Traffic Flat In 2013, Reports NPD; 1% Growth Forecast For ’14

Posted in

The NPD Group’s foodservice practice said in a release Dec. 17 that it expects restaurant visits will come in flat for all of 2013, though spending will rise 2%. The firm also said it expects traffic will grow by 1% in 2014 with spending up 3%. Segments expected to drive the growth include fast casual,…

MORE

Second Quarter 2013 State Tax Revenues Exceed 2008 Peak, But Growth Expected To Slow

Posted in

Thanks in part to tax-law changes that accelerated capital-gains taxes, overall state tax revenues in the second quarter 2013 surpassed previous peak collections in real terms from before the Great Recession, according to data reported by the Rockefeller Institute of Government in Albany, N.Y. But the Institute’s analysts also warned that preliminary data from the…

MORE

Consumer Confidence Rebounds, Wholesale Food Prices Sag, And Other News Of Note

Posted in

Among other economic news of significance to foodservice and foodservice equipment and supplies: Both major indexes of consumer confidence and expectations recovered sharply in December from the declines prompted by the federal-government shutdown and debt-ceiling fight. The Thomson Reuters/University of Michigan Consumer Sentiment Index jumped nearly 10% in the final December reading, rising to 82.5…

MORE

Taco Bell Taps New Leaders, Here And Abroad

Posted in

Taco Bell is making no small plans. Or rather, its parent company, Yum! Brands, is not. The Louisville, Ky., company has announced several strategic leadership changes to support domestic and international expansion. With about 5,800 units in the U.S. and roughly 250 units internationally, Taco Bell long has operated primarily as a domestic brand. In…

MORE

Phoenix, San Francisco Gain More Dunkin’ Donuts Stores

Posted in

Not much more than a year or so ago, Dunkin’ Donuts had no stores west of the Mississippi River. The landscape has changed. The Canton, Mass., chain, which now has 65 stores in Arizona, just announced a seven-unit deal for Phoenix. The company also has inked multi-unit development agreements to add 63 new stores in…

MORE

Server Hires Quality Control Director

Posted in

Server Products has added quality control expert Jodi McMahon to its operations. As the manufacturer’s new director-quality and business improvement, McMahon will lead Server’s ongoing initiatives to maintain and improve quality and utilize best practices. McMahon brings 20 years of experience in quality management to the post; she most recently served as quality and productivity…

MORE

Ali Group Appoints New COO

Posted in

Massimo Giussani has assumed the post of chief operating officer at Ali Group. In his new role, Giussani will continue reporting directly to Ali Group Chairman/CEO Luciano Berti and will be primarily responsible for all of the group’s companies within the Europe, Middle East and Africa and Asia Pacific regions. Giussani has worked closely with…

MORE

McDonald’s Entering Kazakhstan, Reopens Moscow Stores

Posted in

McDonald’s will enter its 120th global market next year when it opens restaurants in Kazakhstan. The Oak Brook, Ill., chain is working with a local developmental licensee, Kairat Boranbayev, a Kazakh businessman with what the chain called a proven track record of running successful business ventures in the Central Asian country. The first McDonald’s outlet…

MORE

Landry’s To Acquire Mitchell’s Restaurants In $10M Deal

Posted in

Ruth’s Hospitality Group will focus on its core steakhouse concept after reaching an agreement to sell its Mitchell’s Fish Market and Mitchell’s/Cameron’s Steakhouse restaurants to Landry’s Inc. for $10 million. The deal, significantly less than the $92 million Ruth’s paid for the concepts in early 2008, includes 18 Mitchell’s Fish Market locations and three Cameron’s…

MORE

NACUFS Looking For Officer Nominations

Posted in

The National Association of College & University Food Services needs a few good men and women. The Okemos, Mich., association is looking for board nominations to lead its membership of about 550 institutions of higher education from across the U.S. and Canada as well as nearly 500 industry members from the food, equipment and consulting…

MORE