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,…
MOREThanks 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…
MOREAmong 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…
MORETaco 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…
MORENot 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…
MOREServer 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…
MOREMassimo 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…
MOREMcDonald’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…
MORERuth’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…
MOREThe 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…
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