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May 9, 2011
BLS Reports Surprisingly Strong Jobs Growth In April
Maybe the two surprises are related. The Federal Bureau of Labor Statistics said last Friday, May 6, that non-farm payroll jobs increased by 244,000 in April, surprising most forecasters, who expected growth in the 175,000-200,000 range. We noted that we were surprised by an increase in the National Restaurant Association’s Restaurant Performance Index in March,…
May 9, 2011
AutoQuotes Says E&S List Prices Rose 2.2% July To April
List-price increases for foodservice equipment and supplies were surprisingly moderate during the past nine months, even though materials prices have soared during the period. According to data from AutoQuotes Inc., the average price increase was 2.2% for all 358,262 products from 411 manufacturers in the company’s database. The analysis covers the period July 1, 2010…
May 9, 2011
A Bit Surprisingly, NRA Performance Index Rises In March
We must admit we thought the National Restaurant Association’s Restaurant Performance Index would fall back in March. After all, the full impact of rapidly rising gasoline prices hit American consumers during the month. But thankfully, no, the overall index rose 0.3 point to 101. It’s the fourth consecutive month the index has stood above the…
May 9, 2011
Reps’ Sales Rose 4% First Quarter, MAFSI Reports
The recovery of foodservice equipment and supplies sales continued in the first quarter 2011, according to the latest Business Barometer from the Manufacturers’ Agents Association for the Foodservice Industry. Overall sales of like lines rose 4% versus first quarter of ‘10, with clear gains in all five regions and all four product categories. It is…
May 9, 2011
New Chairs Elected At DMA
The Dietary Managers Association has announced its new leadership. Based on election results from the St. Charles, Ill., group’s national membership, the new chair-elect for 2011-12 is Ginger Cater of South Carolina. Paula Bradley of Kansas will serve as secretary/treasurer. Ken Hanson of Iowa will serve the remaining one-year term of Bradley’s position as director…
May 2, 2011
MCGARRY RETIRES FROM FEDA PRESIDENCY, HANSON TO TAKE REINS
Stephen McGarry, who took the reins as president of the Foodservice Equipment Distributors Association in late March, will retire as president of Paramount Restaurant Supply Corp., Warren, R.I., June 1 and will step down from his FEDA post on the same date. Until then, McGarry will continue as an active member of the FEDA executive…
May 2, 2011
E&S PRICE INCREASES REMAIN MODERATE, SAYS AUTOQUOTES
Average list-price increases for equipment and supplies remained moderate over the past nine months, according to new data from AutoQuotes Inc., even though materials prices have soared during the period. The average price increase was a moderate 2.2% for all 358,262 products from 411 manufacturers in the company’s database. The analysis covers the period July…
May 2, 2011
VOLLRATH BUYS TRAEX FROM LIBBEY
On April 28, The Vollrath Co. announced it had acquired Traex Co. from Libbey Glass, a subsidiary of Libbey Inc. In its first-quarter earnings report, Toledo, Ohio-based Libbey said that it expects to receive net proceeds of more than $13 million from the sale. Both companies are headquartered in Wisconsin: Vollrath is based in Sheboygan;…
May 2, 2011
SPECIAL REPORT: Bringing The Heat
With blazing cook times and a consistent bake, conveyor ovens have made the starting lineup in many kitchens. Now they’re faster and more energy-efficient than ever.
May 2, 2011
IN MEMORIAM: MIKE CARPENTER
Mike Carpenter, a former NAFEM president and a name and face recognized by hundreds in the foodservice equipment and supplies business, passed away suddenly April 23 in Utah. He was 58. Carpenter had been chief marketing officer for Cooper-Atkins Corp. for the past two years. His long resume in the E&S industry spans posts at…
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