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June 6, 2011
SPECIAL REPORT: Introducing FER’s Top Dealers
New FER research helps operators and consultants analyze the scope and capabilities of leading E&S dealers.
June 6, 2011
CFSP Program Changes, New Overview Seminar Announced
The Certified Food Service Professional program has a newly streamlined application and updating process. First, the point-earning/recording requirements have been simplified and the North American Food Equipment Manufacturers Association no longer differentiates between advancement and maintenance points. Certification is maintained by paying $50 dues every two years and by earning at least one point per…
June 6, 2011
Consumer Confidence Readings Mixed, Gas Prices Fall
Consumer confidence finished with a split decision in May, while gasoline prices continued to fall from their highs in April. The Conference Board’s Consumer Confidence Index fell more than five points to 60.8 in May. On the other hand, the Consumer Sentiment Index from Thomson Reuters/University of Michigan Surveys of Consumers was up in May,…
June 6, 2011
Run-Up In Metals Prices Eases A Bit In May
After soaring more than 30% since last September, prices for stainless and carbon steels, as well as for some key nonferrous metals, fell back a bit in May. The commodity price index for metals maintained by The Economist was off 8.1% for the past month ended May 24. Of course, the metals index is still…
June 6, 2011
Jobs Growth In May Was Anemic
The U.S. economy produced only 54,000 new jobs in May, disappointing many analysts and investors, who took the news as a sign of the weakness of the current economic recovery. The unemployment rate also crept up 0.1 point to 9.1%. The number of unemployed and underemployed still numbers 22.4 million. The small gain came on…
June 6, 2011
NRA Performance Index Shows Continued Expansion
In spite of the bite of rising gasoline and food prices, the restaurant industry continued to expand in April, according to the latest Restaurant Performance Index data from the National Restaurant Association. The overall index fell only slightly to 100.9, essentially unchanged from the 100.1 reading in March. Any reading above 100 indicates expansion versus…
June 6, 2011
Middleby Completes Lincat Group Acquisition
The Middleby Corp. announced May 31 that it has completed its previously announced acquisition of UK-based Lincat Group plc for about $90 million. The Lincat Group has annual revenues of approximately $50 million. In addition to Lincat, which manufactures a broad range of cooking products including ranges, ovens, fryers, toasters and counterline cooking equipment, the…
June 6, 2011
N.Y. Consultants Merge Firms
Two long-standing New York foodservice consulting firms, Beer Associates and Jacobs/Doland Associates, have merged their businesses. The new firm, to be known as Jacobs/Doland/Beer, will remain in its New York offices as well as continue operations at its Woodmere, N.Y., location. The three principals, Ira Beer, Gary Jacobs and Robert Doland, will continue to consult…
June 6, 2011
McD’s Fends Off Fast-Food Foes
McDonald’s is under fire for its Happy Meals, its marketing practices, and now, for its enduring mascot, Ronald McDonald. The Oak Brook, Ill., company fended off challenges to all three at its annual shareholders meeting May 19. The shareholder proposals come in the context of a number of local and state regulatory proposals to regulate…
June 6, 2011
NACUFS Hosts 53rd National Conference In July
The National Association of College & University Food Services holds its 2011 National Conference July 13-16 in Dallas. The 53rd annual national conference,
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