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Taco Bell Taps New Leaders, Here And Abroad
Taco Bell is making no small plans. Or rather, its parent company, Yum! Brands, is not. The Louisville, Ky., company has announced several strategic leadership changes to support domestic and international expansion. With about 5,800 units in the U.S. and roughly 250 units internationally, Taco Bell long has operated primarily as a domestic brand. In…
Growth Of Fast Casual Far Outpaced Industry Last Year, NPD Data Shows
The growth trajectory of the fast-casual segment is truly quite remarkable, especially given an era of slow or flat growth in traffic and sales for most of the industry. New data from The NPD Group’s CREST studies released Feb. 5 show the segment grew traffic 6% in 2013 while spending at such concepts spiked 10%.…
Blue Chip Macro Forecasts Hold Up Despite Weak First Quarter
While economists do expect the severe winter weather and the drought in the West to have taken a toll on economic growth in the first quarter of 2014, they remain quite upbeat about the remainder of the year and 2015, according to the latest consensus forecasts from Blue Chip Economic Indicators. While the forecast for…
Winter Pushed Traffic Down 1%, Says NPD, But Delivery Orders Surged
The most surprising aspect of restaurant traffic data for the first quarter 2014 from The NPD Group is that the brutal winter didn’t affect visits even more. Overall traffic fell only 1% January through March, compared with the year early period. The decline comes after traffic was flat in both the third and fourth quarters…
E&S Price Growth Rose Moderately During the Past 12 Month, Reports AutoQuotes
Foodservice equipment and supplies manufacturers raised prices an average 3.1% during the 12 months ended June 30, up from an only 2.1% increase the previous year, according to the latest data from AutoQuotes Inc. But a jump in materials prices could change the E&S pricing environment in the coming year (see next story). The new…
Consumer Confidence Rises As Gasoline Prices Fall
Fears of Ebola and the continuing strife in the Middle East do not appear to be dampening consumer optimism, as fundamentals, such as strong job gains, an improved housing market and falling gasoline prices, buoy consumer confidence. The Thomson Reuters/University of Michigan Index of Consumer Sentiment reached a post-recession high of 86.4 in the mid-month…
Illinois Operators Get A Boost From ServSafe On Food Safety Legislation Changes
Thousands of restaurant and foodservice managers across Illinois who are just starting to navigate changes to the state’s Food Handling Regulation Enforcement Act are getting some help from a partnership between the Illinois Restaurant Association and the National Restaurant Association’s ServSafe food-safety certification program. The act, passed last August, makes changes to existing requirements for…
Calorie-Counting Bill Advances In Louisiana Senate
Louisiana, considered in many studies as the most obese state in the nation, is considering legislation that takes menu-labeling requirements a step further than those required under the 2010 Affordable Care Act. The ACA requires nutrition labeling of standard menu items at chain restaurants with 20 or more locations doing business under the same name.…
Gloves Off In California? Maybe
California’s months-old law mandating that all foodservice workers wear gloves continues to be debated rather than put into action. The Senate Health Committee held a hearing June 11 on AB 2130, which proposes to repeal the no-bare-hand-contact law enacted Jan. 1. The California Restaurant Association testified in support of the repeal legislation, which was approved…
NRA Teams Up To Teach Foodservice Workers About Public Policy
Knowledge is power, and the National Restaurant Association wants to make sure restaurant employees are armed with knowledge about the legislation and pending court rulings that could impact their livelihoods. The NRA has partnered with Job Creators Network to provide entrepreneurs and business owners with tools to educate their workforces about the public policy issues…
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