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January 5, 2015
Second Quarter 2013 State Tax Revenues Exceed 2008 Peak, But Growth Expected To Slow
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…
January 5, 2015
Many Housing-Battered States To See Restaurant Sales Improve, NRA Forecasts
Several states whose economies and restaurant sales were most affected by the housing crash during the Great Recession are forecast to post some of the strongest growth in restaurant sales this year, according to the National Restaurant Association. The group’s state-by-state and regional forecasts, part of its 2014 Restaurant Industry Forecast released in January, predicts…
January 5, 2015
March Jobs Report Signals Return To Modest Gains
The March report on the employment situation in the U.S. from the Bureau of Labor Statistics cheered up nearly everyone. A 192,000 increase in non-farm payroll jobs for March and a 37,000 upward revision of job gains in January and February showed economists and other observers that the American economy had shaken off the brutal…
January 5, 2015
Net Restaurant Units Grew 2.7% in 2013, Says CHD Expert
Restaurant openings outpaced closures last year by more than 21,000, pushing up the net restaurant unit count up 2.7% to a total of 665,000, according to data from CHD Expert, a Chicago-based research firm. It was the second consecutive year since the Great Recession that there were more restaurant openings than closings, and the pace…
January 5, 2015
Sales Rebound For Canadian Restaurateurs, But Costs Bite
Following a weather-related slowdown in the first quarter 2014, same-store sales at Canadian restaurants improved dramatically in the second quarter, according to the latest Restaurant Outlook Survey from Restaurants Canada, the Canadian foodservice association. But rising costs for food, labor and credit-card processing also are biting into operator margins. Additionally, respondents cite a lack of…
January 5, 2015
Restaurants Canada Forecasts 4% Foodservice Growth In 2015
The oil and gas boom in western Canada and strong growth of social caterers will grow foodservice sales in Canada 4% in current dollars next year, according to Restaurants Canada. The growth would push sales to $59.8 billion next year. The association also expects foodservice sales growth to average 4% a year through 2018. In…
January 5, 2015
2014 Ushers In Minimum Wage Hikes In 13 States
New Year’s Day brought good tidings and higher hourly wages for workers in the 13 states that increased their minimum wage on Jan. 1. Of the 2.56 million workers estimated to benefit from the increase, 1.4 million will be directly impacted as they currently earn the federal minimum wage of $7.25 an hour and will…
January 5, 2015
Toronto Loosens Food-Truck Regulations
They’re taking it to the streets in Toronto. The city, which has long confined its street food to hot dog and sausage carts, is on the brink of expanding to the wider culinary world. Last week, Toronto’s licensing and standards committee voted to overrule city officials and loosen proposed curbs on the operation of food…
January 5, 2015
NAFEM Asks For Review On DOE Refrigeration Rule
NAFEM has filed a petition for review in the U.S. Court of Appeals against the U.S. Department of Energy, in response to the DOE’s final rule regarding energy conservation standards for commercial refrigeration equipment. The rule, issued March 28, updates DOE standards set in 2009 and outlines more stringent energy-conservation standards for some classes of commercial…
January 5, 2015
Talk To NAFEM By Tomorrow On The EPA’s Refrigerant Phaseout
The foodservice equipment industry was well-represented during the Aug. 27 public hearing on the Environmental Protection Agency’s proposal phasing out all refrigerants currently used in commercial refrigeration equipment by Jan. 1, 2016. Thirteen of the 33 speakers at the hearing were NAFEM members. While all NAFEM members have until Oct. 6 to leave a comment…
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