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January 5, 2015
Chinese Foodservice Market Growth Has Slowed Dramatically
A combination of a slowing general economy, high food-price inflation and food-safety concerns led to a dramatic slowdown in foodservice growth in China in 2013, according to Angela Liu, director of business development at NPD China. Liu presented an overview of the Chinese foodservice market at the Foodservice in the 21st Century Forum March 31…
January 5, 2015
NRA Announces Operator Innovations Awards Winners
May is a busy month for the National Restaurant Association. In addition to the show in Chicago, the NRA had a number of awards to give out. Among them were the Operator Innovations Awards, in which operators worldwide are recognized by their peers for transforming the industry through innovation and combining imagination and hard work…
January 5, 2015
KFC Revamps Stores In China, Adds Modern Perks
KFC plans to modernize its stores across China. The company, the largest American restaurant chain in China, plans to differentiate itself from other chains by creating the ambiance of a social hangout for its customers while also making it suitable for business meetings. The revamp, intended to attract the growing number of customers in China…
January 5, 2015
Gearing Up For NAFEM ’15
Registration is open, the exhibit show floor is filling up and more details about what to expect at NAFEM ’15 are being released. The E&S industry’s biggest showcase event is Feb. 19-21, 2015, at the Anaheim Convention Center, Anaheim, Calif. As at the event two years ago in Orlando, Fla., more than 500 manufacturers are…
January 5, 2015
Buffalo Wild Wings Dips Into Taco Segment
Buffalo Wild Wings has made a majority investment in Rusty Taco, a privately held Dallas-based chain. Buffalo Wild Wings, which has more than 1,030 locations in North America, says it wants to help expand the taco chain throughout the country. Terms of the deal were not disclosed. Rusty Taco, founded in 2010, specializes in street-style,…
January 5, 2015
NACUFS Looking For Officer Nominations
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…
January 5, 2015
E&S Price Changes Remain Restrained, AutoQuotes Data Shows
Foodservice equipment and supplies manufacturers continue to raise prices very moderately, according to the latest data from AutoQuotes Inc. List-price changes for AQ’s more than 500 manufacturers and more than 430,000 SKUs from July 1 to Dec. 31, 2013, show average increases of -0.1% for ventilation through 2.8% for cookware. But five other categories have…
January 5, 2015
Brutal Winter Whacks Foodservice Sales; Technomic Cuts 2014 Forecast
The severe winter weather in as much as two-thirds of the U.S. has cut dramatically into restaurant and other foodservice sales, according to new research released by Technomic Inc. on March 4. As a result, Technomic is cutting its forecast of 2014 operator sales by as much as a full percentage point from the 3.6%…
January 5, 2015
Public Equipment Companies Post Strong First Quarter
Maybe the MAFSI reps have it right. They forecast E&S sales growth of 4.9% for 2014, the strongest predicted gain since they began the MAFSI Barometer in 2002. First quarter ’14 revenue numbers from the publicly reporting E&S companies seem to bear out their view. With seven of the eight companies we track reporting, combined…
January 5, 2015
Wholesale Food Prices Moderate For Second Consecutive Month, Maybe
After four straight months of increases in wholesale food prices, prices in June fell for the second straight month across all stages of demand, according to Producer Price Index data from the U.S. Bureau of Labor Statistics released July 16. But at the consumer level, grocery-store and menu prices continued to rise. Wholesale food prices…
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