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April 11, 2016
Latest Consumer Data Show Combination Of Optimism And Realism
The latest consumer data from the University of Michigan show an interesting divergence: Consumers are quite optimistic about the outlook for their personal finances but realistic about the outlook for economic growth. Consumers currently view their personal finances as the strongest in a decade but also anticipate that the growth rate will not be strong…
April 11, 2016
Fast-Casual Concepts Grew Units 5%, Traffic 6% In Past Year
The growth of fast-casual restaurant concepts continues to dramatically outpace that of all other restaurant segments, according to data from The NPD Group. The upscale limited-service concepts remain a small part of the overall restaurant environment. According to NPD’s ReCount restaurant census for the year ended Sept. 30, 2015, fast-casual units numbered 19,043 out of…
April 11, 2016
Yum! Plans Taco Bell’s Debut In China
As part of a wider initiative to make its three chains “global iconic brands,” Yum! Brands is launching Taco Bell in China. Yum CEO Greg Creed says Taco Bell will open its first store there by the end of the year. The Louisville, Ky., company already operates more than 7,000 restaurants in China, nearly all…
April 11, 2016
Chick-fil-A Roosts Again In NYC
Five months after debuting in Manhattan with its largest restaurant in the country, Chick-fil-A has opened a second location in the heart of Midtown. The restaurant is engineered for New York’s tight spaces and serves busy on-the-go customers in under 8 minutes in a space measuring just 23 feet wide. There are plans to open…
April 11, 2016
Asia Earns Bigger Space On McDonald’s Development Menu
Rebounding sales here and in China, and led by a focus on long-term, high-growth sales opportunities, is prompting McDonald’s to plan 1,250 new restaurants in China over the next five years. The chain already has more than 2,200 outlets there; the expansion would make China its second-largest market after the US. McDonald’s also plans to…
April 5, 2016
In Memoriam: Dealer David Campbell
William David Campbell, who helmed Medley Hotel and Restaurant Supply and served as executive vice president of Strategic Foodservice Equipment Co. after the companies merged, died March 27 at the age of 69. In 1968, a newly married Campbell and his brother-in-law Reed Jackson joined their father-in-law, Gaines Medley, at his Albany, Ga., dealership, and…
April 5, 2016
The Amazing Impact Of Brad Pierce
If you know him, you know Brad Pierce is just a remarkable person. He’s warm, out-going, energetic, and very, very intelligent. He flies an airplane—safely—and does business around the world. He’s incredibly tech-savvy. Perhaps his most important trait? He uses all that to get things done, in his business life, in his personal life, and…
April 5, 2016
NRA Index Rebounds Sharply, Though Cap-Ex Measures Soften
The extra Leap Year day and better winter weather this year than last helped drive a surge in restaurant current same-store sales and customer traffic in February. That pushed the National Restaurant Association’s February Restaurant Performance Index up a strong 1.5 points to 102.1, returning it to where it stood in October. That was before…
April 5, 2016
FEDA Changes The Guard At Annual Convention
It was a very busy Annual Convention for the members and supporters of the Foodservice Equipment Distributors Association March 29-April 2 at the J.W. Marriott Starr Pass Resort in Tucson, Ariz. The group installed new officers and board members, including Pres. Joe Schmitt. and honored outgoing ones, and ran a great program that featured Tom…
April 5, 2016
Tick-Tock…Get Your Surveys In
April 1 was our due date for our sixth annual Top Dealer survey, and we weren’t fooling. But we’re nice, so we’re giving you all a few more days to verify your sales and submit your forms. Just go to fermag.com/research/dealer-survey.html, download and fill out the survey and submit it, or use the link to…
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