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January 6, 2014
McDonald’s Locates Regional Anhui Headquarters In Hefei
McDonald’s Corp. is putting down corporate roots in the eastern region of China. The Oak Brook, Ill., company has located its Anhui headquarters in Baohe district, Hefei. Currently, McDonald’s has 27 units in Anhui. During the next five years, the chain plans to open more than 120 new restaurants in the province, with a goal…
January 6, 2014
NSF Int’l. Acquires Brazilian Lab Operation
NSF Int’l. has expanded its global role in public health and water and food safety across Latin America. The Ann Arbor, Mich., firm has acquired Bioensaios Analysis and Environmental Consulting Laboratory Ltd., based in Porto Alegre, Brazil. It will become known as NSF Bioensaios. Founded in 1990, Bioensaios is a leading analytical laboratory that provides…
January 6, 2014
Traffic Fell In Six Of 10 Major Foodservice Markets In Third Quarter 2012
Only China and Canada recorded significant increases in restaurant visits in the third quarter of last year, according to data from the NPD Group. Six of the 10 markets in which NPD charts foodservice activity—Australia, France, Germany, Italy, Japan and Spain—recorded declines. Traffic was flat in the United Kingdom and U.S. Continuing economic struggles and…
January 6, 2014
Blue Chip Long-Range Forecasts Hold Steady
According to the 50 econometric groups surveyed by Blue Chip Economic Indicators each month, better times are indeed ahead. While in the March survey the group kept their 2013 consensus forecast at 1.9% growth of real gross domestic product and lowered the 2014 forecast a bit to 2.7%, they have maintained their long-range forecasts through…
January 6, 2014
E&S Public Companies Squeak Out First-Quarter Gain
It was clearly a slow first quarter for many foodservice equipment and supplies companies. The seven publicly reporting E&S companies managed to increase combined sales only 1.8% in the first quarter of 2013 versus the first quarter last year. Four of the seven reported declines in revenues, including both Libbey Foodservice and Carlisle Foodservice on…
January 6, 2014
June Jobs Report Bodes Well For Foodservice, As Does Consumer Confidence
Few indicators are more central to the foodservice outlook than employment growth. The monthly Employment Situation Report from the Bureau of Labor Statistics for June was again quite positive with the net addition of 195,000 non-farm payroll workers and upward revisions of both April and May counts to 199,000 for April (from 149,000) and 195,000…
January 6, 2014
NRA’s Performance Index Fell In July, But Hangs Above Expansion Line
Declines in six of the eight components of the National Restaurant Association’s Restaurant Performance Index pushed the overall index down for the second consecutive month in July. The RPI fell 0.6 point to 100.7. But the index remained above the 100 level, indicating the industry continued to expand for the fifth month in a row….
January 6, 2014
What Impact Will The Debt-Ceiling Debacle Have On E&S?
As we write this, it looks increasingly possible that Congress will fail to pass legislation to increase the U.S. federal debt ceiling or restart the federal government, which has been in a partial shutdown since Oct. 1. We said in our annual forecast back in August that we would be confidently predicting faster equipment and…
January 6, 2014
Eating- And Drinking-Place Sales Hit New Record In October
The partial shutdown of the federal government and the debt-ceiling standoff apparently had little impact on restaurant sales. According to preliminary data from the U.S. Census Bureau, eating- and drinking-place sales hit a record $46.3 billion in October, up nearly 1%. That number was up from a downwardly revised September figure of $45.9 billion and…
January 6, 2014
NRA Readies For 27th Annual Public Affairs Conference In April
The National Restaurant Association’s 2013 Public Affairs Conference is set for April 17-18 in Washington, D.C. This year’s theme, “Carry the Message—America Works Here,” is part of the NRA’s ongoing campaign to communicate to opinion leaders and government agencies the foodservice industry’s story as a leading job creator. The restaurant industry employs more than 13…
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