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January 5, 2015
Russia Says Goodbye To Wendy’s, Investigates McDonald’s
Where’s the beef? Not in Russia. After three years, The Wendy’s Co. is leaving the Russian market, after a change in the local franchisee’s management left the chain without strong leadership there. Wenrus Restaurant Group, a former unit of Moscow-based Food Service Capital, agreed in 2010 to open 180 Wendy’s units across Russia within a…
January 5, 2015
Taco Bell Takes On A New Persona In U.K.
Taco Bell unveiled its new U.S. Taco concept in Texas earlier this year, and for its full-scale debut in the U.K. last month, the chain has reimaged its own brand. The new Sheffield, England, store’s open-kitchen design concept, with customers watching their meals made to order from locally sourced ingredients, might seem familiar but is…
January 5, 2015
McDonald’s Entering Kazakhstan, Reopens Moscow Stores
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…
January 5, 2015
NRA’s “Plan To Buy Equipment” Marker Hit Post-Recession High In December
Inclement weather and a short holiday shopping season battered restaurant operators same-store sales and traffic counts in December, according to the National Restaurant Association’s Restaurant Performance Index tracking study. But the indicator that tracks restaurateurs’ intention to make a capital purchase during the next six months surged 1.3 point to 102.2, its highest level since…
January 5, 2015
Sales Growth Slowed in 2013 For Top 500 Chains, Reports Technomic
Sluggish growth from several of the largest U.S. restaurant chains helped push combined growth for the 500 largest chain brands lower last year, according to Technomic Inc.’s preliminary results from its annual Top 500 Chain Restaurant Report, released March 24. The Top 500 grew combined sales 3.5% in 2013, compared with growth of 4.9% in…
January 5, 2015
Foodservice Spending Hits Pre-Recession Levels While Overall Cost Of Food Continues To Fall
A couple of research reports about food and foodservice caught our eye last week. The first, from Scott Hume of burgerbusiness.com, was an analysis of recently released data from the U.S. Bureau of Labor Statistics showing that average U.S. household spending for food away from home reached $2,698 for the 12 months ending July 2013….
January 5, 2015
Top 100 U.S. E&S Manufacturers Grew 7% In 2013
The 100 largest foodservice equipment and supplies manufacturers saw revenues rose 7% last year, the strongest gain since the Great Recession, according to exclusive estimates from Foodservice Equipment Reports. The findings were released during the magazine’s annual President’s Preview E&S Market Forecast meeting, held July 29 at the Westin O’Hare, Rosemont, Ill. The 7% increase…
January 5, 2015
NRA’s RPI Posts First Gain In Three Months
The National Restaurant Association released its August Restaurant Performance Index report yesterday, just as we went to press. Spurred by stronger same-store sales and customer traffic levels and a more optimistic outlook among restaurant operators, the RPI posted a solid gain for the month. The overall index stood at 101.9 in August, up 1.0 percent…
January 5, 2015
Consumer Confidence Hits Another Post-Recession High As Gas Prices Continue Falling
Consumer sentiment reached 88.8, its highest mark since July 2007, in the final November reading by Thomson Reuters/University of Michigan Surveys of Consumers. The group said the November gain was “due to improved personal finances as well as a more favorable outlook for employment.” Those surveyed believe employment gains will continue and expect the largest…
January 5, 2015
Ontario Gets Serious About Calorie Counts On Menus
At least one province in Canada looks likely to follow the path American chains already are treading. Ontario could become the first province in Canada to mandate big chain restaurants, c-stores and grocery stores post calorie counts on all of their menus. The draft legislation would require establishments that sell dine-in meals to display the…
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