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January 3, 2011
NAFEM Scholarship Program Offers Incentives
For all suppliers and service providers, here’s some real news to share with operator customers. The North American Association of Food Equipment Manufacturers wants everyone to make operators aware that they might be eligible for The NAFEM Show’s scholarship program, which offers free show registration and up to $500 for travel expenses. Operators must meet…
January 3, 2011
Yum! Plans To Triple India Units, Scores Big In China
With its corporate parent riding high after a strong third quarter, Yum! Restaurants India has announced plans to more than triple the number of eateries it operates across India to 1,000 by 2015. Niren Chaudhary, managing director for the division, announced the $100 million rollout to reporters at the India Economic Summit earlier this month….
January 3, 2011
Hurry! Time Running Out To Register For FER Forecast Meeting
You only have this week to register for Foodservice Equipment Reports annual President’s Preview E&S Market Forecast meeting. The day-long event is set for Wednesday, Aug. 4 at the Hotel Orrington, in Evanston, Ill. The meeting offers senior manufacturing executives, dealers, multiunit operators and others interested in E&S trends an in-depth analysis and forecast of…
January 3, 2011
NPD Forecasts Slower Traffic Growth During Coming Decade
The baby boomers strike again. NPD Group expects foodservice traffic to grow less than 1%, as baby boomers age and dine out less frequently over the next 10 years. Projected traffic growth will trail overall population growth, which is forecast at about 1.1%. “The aging effect on the restaurant industry will be slightly negative because…
January 3, 2011
GDP Growth Was Weak In Third Quarter, Confidence Indexes Meander
The U.S. economy managed 2% real growth of gross domestic product in the third quarter, according to the advance estimate from the federal Bureau of Economic Analysis, a division of the Commerce Department, released last Friday. While the rate of growth is higher than the paltry 1.7% rise in real GDP in the second quarter,…
January 3, 2011
Foodservice Equipment Reports Revises E&S Market Forecast Up Slightly
Improved sales of foodservice equipment and supplies during the second half of 2010 and a more positive outlook for operator sales next year has led Foodservice Equipment Reports to revise upward its forecasts for the E&S market in both years. The magazine now expects E&S sales at the manufacturer level to fall a more moderate…
January 3, 2011
On A Happier Note For New York…
In our last issue of Fortnightly, we reported on the general uneasiness of New York City operators with the city’s new restaurant-grading system, which posts the past history of code violations and inspection reports on the Health Department website. Well, now it seems, there is something to smile about. The department has announced that 80%…
January 3, 2011
Too Much Red Tape, Toronto Operators Complain
Canada’s economy and restaurant business has held steadier during the recession than in the United States, but that doesn’t mean its restaurateurs are any happier. According to a new survey by the Canadian Restaurant and Foodservices Association, reducing red tape and bureaucracy was the No. 1 election issue this fall for Toronto’s restaurant community; nine…
January 3, 2011
Kendall College
Christopher Koetke, dean of Chicago’s KENDALL COLLEGE SCHOOL OF CULINARY ARTS and v.p. of the Laureate Int’l. Universities Center of Excellence in Culinary Arts, has been honored with the Chefs Collaborative inaugural Pathfinder Award. The award recognizes Koetke’s dedication to raising awareness of sustainability in the foodservice industry. Kendall College launched its sustainability program in…
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