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October 2, 2012
…But Business Leaders’ Confidence Hit Three-Year Low
Consumers may be more upbeat, but according to the Business Roundtable’s third-quarter survey, chief executive officers’ confidence plummeted to its lowest level in three years, putting it on a par with that immediately following the U.S. recession. The group’s CEO Economic Outlook Index fell to 66 in the quarter from 89.1 in the second quarter….
October 2, 2012
Go Figure: Consumer Sentiment Spurted In September…
The fiscal cliff looms, worries about the fate of the Euro and European sovereign debt continue and everyone is uncertain about political environments everywhere. But American consumers clearly became more upbeat in September, according to both major research groups tracking consumer confidence. The Thomson Reuters/University of Michigan Consumer Sentiment Index rose to 78.3 in the…
October 2, 2012
Second Quarter Traffic Gains Anemic In Most Markets– Except China And Canada
Restaurant customer traffic increased in the second quarter 2012, if only slightly, in most of the 10 markets The NPD Group surveys. Still, except for China and Canada, most countries saw anemic gains at best. Traffic in the U.S. market rose less than 1%, with all of the gains going to large quick-service concepts. Independents…
October 2, 2012
Cap Ex Measures Fall As NRA’s RPI Rises
Foodservice operators’ capital purchasing activity and intentions fell strongly in the August survey for the National Restaurant Association’s Restaurant Performance Index, while nearly all other indicators in the index rose. Big increases in current same-store sales and customer traffic pushed the overall index up 0.4 point to 100.6. It was the 10th consecutive month the…
October 2, 2012
Taco Bell Operator K-MAC Acquires 25-Unit Franchisee
One of the country’s largest Taco Bell franchisees, K-MAC Holdings, has acquired No Limits LLC, a Missouri-based Taco Bell franchisee that owns and operates 25 Taco Bell restaurants. K-MAC is owned by Brentwood Associates and currently operates 231 Yum! branded restaurants in the Taco Bell and KFC systems as well as six Golden Corral restaurants….
October 2, 2012
Top Posts Are Filled At Sysco Canada
Sysco Corp. has installed Randy White, president and CEO of Sysco Canada’s Western region and Sysco Calgary, as the new president of Sysco Canada. The broadline giant also named Rod Stroud, president and CEO of Sysco Canada’s eastern region and Sysco Central Ontario, as executive v.p. and COO of Sysco Canada. White will oversee all…
October 2, 2012
Personnel Moves Strengthen Sales Force At Kitchen Brains
There’s quite a bit of news from Kitchen Brains, the Stratford, Conn., entity that combines SCK Direct and Food Automation-Service Techniques (FAST). The company, which creates interconnected kitchen technology, including timers and process-control products, has announced five personnel changes. Reza Khani, who rejoined the company last spring, has been promoted to general manager and senior v.p….
October 2, 2012
NRA Show To Stick With Chicago Through 2021
Apparently, the first 63 years have gone pretty well. The National Restaurant Association announced Oct. 1 that its annual Restaurant, Hotel-Motel Show and International Wine, Spirits & Beer Event will remain in Chicago through 2021. After thorough review of options, the NRA signed a new five-year agreement with the Metropolitan Pier and Exposition Authority and…
October 2, 2012
FER Names Winners Of First Management Excellence Awards
Foodservice Equipment Reports, with the assistance of the magazine’s Awards Selection Advisory Boards, has chosen six organizations to receive the magazine’s first Management Excellence Awards. The awards recognize companies and firms that clearly demonstrate excellence in the management of unit and facilities development, design, equipment and supplies purchasing, and maintenance functions in commercial and noncommercial…
October 1, 2012
NSF’s China Lab Earns Full Accreditation
Equipment testing just got easier—and more professional—in China. NSF Int’l. has achieved ISO/IEC 17025 accreditation from the China National Accreditation Service for its laboratory in Shanghai. The accreditation enables the lab to provide local, accredited third-party testing and certification services to foodservice equipment manufacturers with production facilities in China and throughout Asia. In addition to…
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