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April 25, 2011
Two More Bits Of Good News: Employment And Business Travel Trends
Always on the lookout for positive economic signs to offset the negatives, two upbeat reports came across our desk last week. The National Restaurant Association, analyzing recent employment data from the state perspective, reported on its TrendMapper research website that 34 states saw their jobless rates decline in March–“one of the most broad-based improvements since…
April 25, 2011
State Tax-Revenue Trends Improve But Local Receipts Lag
States’ tax revenues rose significantly during the latter part of 2010, continuing a trend toward gradual fiscal recovery, according to the Rockefeller Institute of Government’s latest State Revenue Report. But local tax revenues, highly dependent on property taxes, moved in the opposite direction in the fourth quarter last year, the Albany, N.Y., organization reported. Publicly…
April 25, 2011
Wholesale Food Costs Fall Slightly, But Retail Food And Gas Prices Continue To Climb
The Bureau of Labor Statistics had a bit of good news on the commodity-price front during March. After six straight months of run-ups, food prices at the wholesale level fell slightly in March. Combined wholesale food prices, as reported by the National Restaurant Association, were off 0.1% while so-called “finished foods” prices fell 0.2%, said…
April 25, 2011
E&S Manufacturers’ CFOs Are Optimistic About Economy, Investment Plans
“More optimistic” is the way Prime Advantage, the Chicago-based buying organization, described the results of its third annual Group CFO Survey, released last month. The group includes a significant number of foodservice equipment and supplies manufacturers. Of the chief financial officers surveyed, 74% said they are more optimistic about the economy, up from 67% in…
April 25, 2011
Women In Foodservice Honors Achievements, Names New Board
The 2011 Women’s Foodservice Forum Annual Leadership Development Conference in Orlando, Fla., April 10-13, brought together more than 2,000 executives to celebrate leadership and to push further the ideals of gender equality and diversity. During the four-day conference, the WFF announced the incoming 2011-12 executive committee and board of directors. The executive committee includes: • …
April 25, 2011
KFC Notches 400th Store In Indonesia
KFC is already the dominant player in India’s quick-serve market, and it’s getting bigger elsewhere as well. The chain’s Louisville, Ky., parent Yum! Brands opened its 400th franchise store in Indonesia on April 18. PT Fastfood Indonesia is the chain’s franchise partner for the new store in Jakarta. Yum! Restaurants International is the leading restaurant…
April 25, 2011
Middleby Acquires Beech Ovens
The Middleby Corp., which has acquired 15 companies over the past five years, keeps getting bigger. On April 12, the company announced its acquisition of Beech Ovens Pty. Ltd., a Brisbane, Australia-based manufacturer of stone hearth, tandoor and rotisserie ovens with approximately $10 million in annual sales. In a statement, Selim Bassoul, Middleby chairman and…
April 25, 2011
San Francisco Rezoning Not Bringing In New Restaurants?
Rezoning neighborhoods to allow for more restaurants is not working out as swiftly as hoped in San Francisco. For the second time in two years, the city’s Board of Supervisors has voted to remove a neighborhood’s longstanding restriction on opening new restaurants, and approved a limited number of new restaurant spaces in three other neighborhoods….
April 25, 2011
Four Chains Take Top COEX Honors
The launch of a new series of operator awards by the International Foodservice Manufacturers Association has brought honors to four chains. The inaugural winners were honored in Orlando, Fla., during IFMA’s annual Chain Operators Exchange conference held Feb. 27 to March 2. The COEX awards, designed to recognize stand-out innovations among chain operations, went to…
April 25, 2011
Operators At NRA Conference Urge That Swipe-Fee Reforms Stand
The National Restaurant Association’s 25th annual Public Affairs Conference in Washington, D.C., April 13-15, covered a number of hot topics, including debit-card swipe fees. Nearly 500 restaurateurs from 44 states headed to Capitol Hill to call on Congress to fight back against banks and debit-card companies seeking to halt recent reforms to swipe fee practices….
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