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Tim Hortons Shuts U.S. Headquarters
In a shift in its efforts to grow business in the American marketplace, Tim Hortons has closed its U.S. headquarters in Columbus, Ohio, where it had about 30 employees, and will centralize its market strategies in Canada. The café chain’s owners, 3G Capital Partners, will drive future growth from the newly built Tim Hortons Global…
Cini-Little’s Bill Eaton Retires
William Eaton, whose 45-year career at Cini-Little Int’l. spans nearly the history of the foodservice, laundry and waste-management consulting firm, has retired. As a Principal, he will continue to serve as Chairman of the Board. Eaton was not just a daily presence at Cini-Little, but active in the industry—most recently seen walking the show floor…
Taco Bell To Offer Beer With Its Chalupas
Taco Bell wants to take its “Live Más” motto to a new level and let its customers drink a toast to their tacos. The 6,500-unit chain has applied for a liquor license for a unit soon to open in Chicago. The store will have a completely new, urban design in the city’s north-side Wicker Park…
Subway Hits Big In C-Stores/Truck-Stop Units
Subway is getting bigger by thinking smaller. Three weeks ago, it hit another developmental milestone with the opening in Lima, Peru, of its 5,000th c-store and truck-stop location. Subway increasingly has focused its expansion efforts in non-traditional locales because of their flexible space requirements and adaptable floor plans. The Milford, Conn., brand now has 10,498…
Public E&S Companies Up Only 1.1% First Quarter 2015
While the broad equipment and supplies market, as represented by the MAFSI Business Barometer, saw strong gains in sales, sales of the nine publicly reporting E&S companies were mixed in the first quarter 2015. Combined sales rose only 1.1%, as declines in sales were reported by four of the companies. Robust gains were reported by…
Wholesale Food Prices Fall Again While Menu Prices Keep Rising
Wholesale food prices fell for the sixth consecutive month in April, but restaurant operators pushed menu prices up yet again. Wholesale food prices dropped 0.9% at the final demand stage last month, according to Producer Price Index data from the U.S. Bureau of Labor Statistics. A drop in pork prices was cited as a factor…
MAFSI Barometer Rebounds In First Quarter
After a year of moderate gains, the MAFSI Business Barometer surged in the first quarter of 2015, rising 4.7%. It was the largest increase for the indicator since the fourth quarter 2013 and follows a 2.9% gain in the fourth quarter last year. The Barometer is maintained by the Manufacturers’ Agents Association for the Foodservice…
Historical Moment For Foodservice! Restaurant Sales Exceeded Grocery-Store Sales Last December
Little did we know it, but an historic moment occurred last December. According to retail sales data from the U.S. Census Bureau, restaurant sales surpassed sales at grocery stores last December for the first time in history. Bruce Grindy, the Chief Economist for the National Restaurant Association, noted the milestone in his “Economist’s Notebook” commentary…
FER Holds 2015 E&S Market Forecast At 4.8%, Prepares Annual Forecast Meeting
After a review of recent industry indicators, Foodservice Equipment Reports is sticking with its current equipment and supplies market estimates and forecasts for 2014 and 2015. Last July, at the magazine’s annual President’s Preview E&S Market Forecast, 2014 market growth—at the manufacturers’ level—was forecast at 4.4% nominal and 2.3% real. Growth was set at 4.8%…
How Many Is Too Many QSRs?
A moratorium on QSR development championed by the mayor of Apopka, Fla., has been rejected by the City Council. The hold, which would have been in effect for the rest of 2015, wouldn’t have affected those already in business, only new developments. Apopka, boasting a population of about 46,000, currently has 22 QSRs. Locals call…
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