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January 6, 2014
Denny’s New Chile Unit Marks Chain’s South American Debut
The Denny’s Grand Slam breakfast is now being served in Chile, which has become the 11th country to welcome a Denny’s restaurant. The Santiago store is the nearly 1,700-unit chain’s first foray into South America. Local partner The Musiet Group has signed an exclusive development agreement to open 10 locations in Chile over the next…
January 6, 2014
ITW-FEG Names Business Development Manager For Chain & Retail Division
ITW Food Equipment Group has named Richard Manson as business development manager for its Cooking-Chain and Retail Division. He’ll be responsible for business development and supporting growth initiatives for the fryer and griddle/charbroiler business units. Manson assumes his new job after playing a major role in new product development with Vulcan’s PowerFry product line. Prior…
January 6, 2014
No Consumer Confidence Bounce From Cliff Deal
We (and lots of other observers) were wrong. Most of us expected consumers would gain back a bit of their confidence from the AmericanTaxpayer Relief Act passed just after the New Year. But no. The Thomson Reuters/University of Michigan Consumer Sentiment Index fell again in the January preliminary reading released last Friday, Jan. 18. The…
January 6, 2014
Wholesale Food Prices Fell In February, Operators Raise Menu Prices Cautiously
Overall wholesale food prices fell half a point in February, according to the NRA’s calculations on the three stages of wholesale food prices reported by the Bureau of Labor Statistics. Big drops in prices for fresh fruits and vegetables, following big gains in January, led the decline. Changes in protein prices were mixed with poultry…
January 6, 2014
Canadian Operators Report Sluggish First Quarter
A soft economy, gas price increases and inclement weather clipped restaurant operator sales in Canada in the first quarter, according to the latest Canadian Restaurant & Foodservices Association Restaurant Outlook Survey. While the percentage of operators reporting improved same-store sales held steady at 33%, the percentage that said sales fell compared to the year earlier…
January 6, 2014
NRA Releases Three New Research Reports
Want insights into the future of the restaurant industry? The National Restaurant Association has just released three new forward-looking research reports to help restaurant operators, and their suppliers, scope out the future and make more informed business decisions. The new publications contain original research and projections “critical to strategically planning for the future,” according NRA’s…
January 6, 2014
Top 100 E&S Manufacturers Sales Growth Outpaced Industry Again In 2012
The 100 largest manufacturers of foodservice equipment, supplies, furnishings and related products grew combined sales 5.7%, according to data released during Foodservice Equipment Reports annual President’s Preview E&S Market Forecast meeting Aug. 7 in Rosemont, Ill. The growth rate beat that of the broad market by nearly two full points. FER estimates that E&S market…
January 6, 2014
Long-Term U.S. Economic Forecasts Decline Slightly
Because the short-term economic outlook is so dicey, what with the federal government partial shutdown and the looming debt-ceiling deadline, we might want to focus on the longer term. Blue Chip Economic Indicators released its latest long-term consensus projections in early October. Most of the important numbers have deteriorated slightly from the forecasts last March….
January 6, 2014
Snacking Behaviors Differ By Market
Everyone snacks, but not everyone does it the same way. A new study of consumer between-meal eating and drinking patterns analyzes the differences in five rapidly growing foodservice markets. The NPD Group study, International Food and Beverage Habits in Brazil, Russia, India, Mexico and China, charts a wide array of food and foodservice behaviors. In…
January 6, 2014
2013 Brings Spec Revisions For Energy Star Foodservice Equipment
Revisions and updates continue for Energy Star commercial foodservice equipment specifications. By the end of 2013, all nine categories of equipment currently carrying Energy Star certification will have undergone revisions, including commercial warewashers, fryers, griddles, hot-food holding cabinets, ice machines, ovens, refrigerators, freezers, and steam cookers (the latter of which are awaiting test method revisions)….
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