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McDonald’s Entering Kazakhstan, Reopens Moscow Stores
McDonald’s will enter its 120th global market next year when it opens restaurants in Kazakhstan. The Oak Brook, Ill., chain is working with a local developmental licensee, Kairat Boranbayev, a Kazakh businessman with what the chain called a proven track record of running successful business ventures in the Central Asian country. The first McDonald’s outlet…
NRA’s “Plan To Buy Equipment” Marker Hit Post-Recession High In December
Inclement weather and a short holiday shopping season battered restaurant operators same-store sales and traffic counts in December, according to the National Restaurant Association’s Restaurant Performance Index tracking study. But the indicator that tracks restaurateurs’ intention to make a capital purchase during the next six months surged 1.3 point to 102.2, its highest level since…
Sales Growth Slowed in 2013 For Top 500 Chains, Reports Technomic
Sluggish growth from several of the largest U.S. restaurant chains helped push combined growth for the 500 largest chain brands lower last year, according to Technomic Inc.’s preliminary results from its annual Top 500 Chain Restaurant Report, released March 24. The Top 500 grew combined sales 3.5% in 2013, compared with growth of 4.9% in…
Foodservice Spending Hits Pre-Recession Levels While Overall Cost Of Food Continues To Fall
A couple of research reports about food and foodservice caught our eye last week. The first, from Scott Hume of burgerbusiness.com, was an analysis of recently released data from the U.S. Bureau of Labor Statistics showing that average U.S. household spending for food away from home reached $2,698 for the 12 months ending July 2013.…
Top 100 U.S. E&S Manufacturers Grew 7% In 2013
The 100 largest foodservice equipment and supplies manufacturers saw revenues rose 7% last year, the strongest gain since the Great Recession, according to exclusive estimates from Foodservice Equipment Reports. The findings were released during the magazine’s annual President’s Preview E&S Market Forecast meeting, held July 29 at the Westin O’Hare, Rosemont, Ill. The 7% increase…
NRA’s RPI Posts First Gain In Three Months
The National Restaurant Association released its August Restaurant Performance Index report yesterday, just as we went to press. Spurred by stronger same-store sales and customer traffic levels and a more optimistic outlook among restaurant operators, the RPI posted a solid gain for the month. The overall index stood at 101.9 in August, up 1.0 percent…
Consumer Confidence Hits Another Post-Recession High As Gas Prices Continue Falling
Consumer sentiment reached 88.8, its highest mark since July 2007, in the final November reading by Thomson Reuters/University of Michigan Surveys of Consumers. The group said the November gain was “due to improved personal finances as well as a more favorable outlook for employment.” Those surveyed believe employment gains will continue and expect the largest…
Ontario Gets Serious About Calorie Counts On Menus
At least one province in Canada looks likely to follow the path American chains already are treading. Ontario could become the first province in Canada to mandate big chain restaurants, c-stores and grocery stores post calorie counts on all of their menus. The draft legislation would require establishments that sell dine-in meals to display the…
California Title 24 Updates Kick In July 1
Updates made a year ago to California’s Title 24 statewide energy standards will go into effect July 1. These Building Energy Efficiency Standards are updated on a three-year cycle, and the 2013 Standards will continue to improve upon the current 2008 version for new construction of, and additions and alterations to, residential and nonresidential buildings.…
California Says Hello To Dogs, Goodbye To Plastic Bags, Debates Organic Waste
There was a lot of legislation debated and passed in the Golden State this summer. Late last month, California Gov. Jerry Brown signed a bill allowing dogs to dine with owners if seated in a restaurant’s outdoor area. The law gives canine-averse restaurant owners discretion on allowing dogs to dine and requires restaurants have an…
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