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June 21, 2016
Shake Shack Plans “Sweet 16” Openings In ‘16
The same week it debuted only its fourth Midwest location, at Minnesota’s Mall of America, the New York chain announced it would open its first store in South Korea. That unit will start operating in one of Seoul’s largest communities, Gangnam Avenue, later this summer, but until then, Shake Shack has built an illuminated art…
June 21, 2016
Boston Market Sets Sights On Middle East Market
The Golden, Colo., chain is taking its version of homestyle cooking into the Middle East. An area development agreement with Al-Ghunaim Trading Co. will see dozens of Boston Market restaurants in Kuwait, Oman, Bahrain, Saudi Arabia, Lebanon, Qatar, and Jordan. It’s all part of a plan to open 25-30 restaurants across the region in the…
June 21, 2016
Gas Prices Fall Despite Record Summer Demand
U.S. petroleum refiners are apparently keeping up with rising demand for gasoline and diesel fuel so far this summer. The result: Average U.S. gasoline prices had fallen for nine consecutive days as of June 20 with prices down nearly four and a half cents from the previous week, according to the Daily Fuel Gauge Report…
June 21, 2016
HX Partners With NYC Hospitality Alliance
Now in year two of a multimillion-dollar rebrand, HX: The Hotel Experience has formed a partnership with the New York City Hospitality Alliance under which the Alliance will produce restaurant and foodservice content for the show. This year’s HX: The Hotel Experience is November 13-15, at the Jacob K. Javits Convention Center in New York….
June 21, 2016
AHF Bestows Two Top Honors
The Association for Healthcare Foodservice has honored Julie Jones as the winner of its 2016 Lifetime Achievement Award for her innovative career-spanning contributions to the foodservice industry. Maureen Leugers, MBA, RD is the winner of the group’s 2016 Making A Difference Award. Both awards were presented at the AHF 2016 Annual Conference in Dallas earlier…
June 21, 2016
Consumer Confidence Stable, But Economists Worry About Underlying Trends
The University of Michigan’s Consumer Sentiment Index fell slightly to 94.7 in the mid-June reading. It had spiked to 94.7 in the final May reading. But the survey’s Chief Economist Richard Curtin and many economists focused on some worrisome underlying trends. Curtin said consumers rated their current financial situation at the highest levels since the…
June 21, 2016
McDonald’s HQ Heading Back To The City
The Oak Brook, Ill.-based burger giant is leaving the suburbs, and will move its corporate headquarters to Chicago’s West Loop neighborhood by the spring of 2018. McDonald’s also will move its “Hamburger University” training facility to a space in the city. The move will mark a return to downtown Chicago, where the company had been…
June 21, 2016
Wholesale Food Prices Up In May, Menu Prices Still Rising
Wholesale food prices rose in May for only the second time in eight months, according to Producer Price Index data from the Bureau of Labor Statistics. Prices at the final stage of demand rose 0.3% versus the month prior, while processed food prices rose 1.1% at the intermediate stage and unprocessed foods 0.1%. While, NRA…
June 21, 2016
Breakfast And Combo Meals Drive Traffic In Flat Environment
Overall restaurant traffic was flat in the first quarter 2016 in the U.S., according to the latest CREST data from The NPD Group. And the Rosemont, Ill.-based research group expects more of the same. “All in all, the restaurant industry has been conducting business in a 1% world since 2010 and will continue at the…
June 14, 2016
Starting The FER E&S Market Forecast And Remembering Joe Larson
Mid-June is an exciting time of year for us: We begin pulling data together for our annual equipment and supplies market forecast. Yes, I’m crazy enough to think that’s fun. It will all be presented at our annual President’s Preview E&S Market Forecast meeting scheduled August 9 at the Westin O’Hare in Rosemont, Ill. (You…
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