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Boneheads Makes Major Expansion Plans
Global ambitions are on the agenda at Boneheads Grilled Fish and Chicken. The nine-unit fast-casual chain plans to open 50 stores in the next three years and will debut overseas through a franchise agreement for five stores in Pakistan. Two locations will open by the end of the year. Atlanta-based Boneheads also has inked a…
Breville To Distribute PolyScience’ Sous Vide Products
Australia’s Breville Pty Ltd. and Chicago’s PolyScience have inked a strategic alliance in which Breville will acquire the distribution rights for current and future PolyScience Culinary products in both the consumer and commercial channels. PolyScience, originally known for its scientific temperature control equipment, makes foodservice products, including sous vide immersion circulators, vacuum packaging systems, anti-griddle…
Popeyes’ CEO Moves Over To Pei Wei
Ralph Bower, pres.-U.S. of Popeyes Louisiana Kitchen, has been named CEO of Pei Wei Asian Diner. It’s a newly created position at the Scottsdale, Ariz.-based fast-casual chain, which has 192 domestic locations in 24 states. Bower, who replaces K.C. Moylan, is a veteran of KFC and Domino’s; he’d been president of Popeyes’ U.S. division since…
Consumer Confidence Rebounds, Wholesale Food Prices Sag, And Other News Of Note
Among other economic news of significance to foodservice and foodservice equipment and supplies: Both major indexes of consumer confidence and expectations recovered sharply in December from the declines prompted by the federal-government shutdown and debt-ceiling fight. The Thomson Reuters/University of Michigan Consumer Sentiment Index jumped nearly 10% in the final December reading, rising to 82.5…
Consumer Confidence Holds Up, But Analysts Worry About Brutal Winter
The January and mid-February readings on consumer confidence from Thomson Reuters/University of Michigan and The Conference Board indicated that consumers remain reasonably optimistic about the economy and their financial prospects. But many analysts, including Richard Curtin, the UM Surveys of Consumers chief economist, are worried about the negative impact on consumers’ finances of the brutal…
Consumer Confidence Holds Up In Spite Of Tough Winter
With the hit to the economy from the severe winter, many economists feared American consumers would pull back their spending this year. But judging by the latest numbers on consumer confidence, the decline in growth in the first quarter hasn’t affected consumer attitudes much at all. “Consumers are ready to celebrate a delayed spring with…
Retail Food Prices Surged In May, But Wholesale Prices Took A Breather
The strong run-up in wholesale food prices since the first of the year paused in May, while the surge in retail food prices, especially at supermarkets, continued, according to the latest data on wholesale and consumer prices from the Bureau of Labor Statistics, released last week. Wholesale food prices at all three levels of demand…
NRA’s Performance Index Falls In June
Traffic counts remain the problem for restaurant operators in the U.S., as the National Restaurant Association’s Restaurant Performance Index fell in June. Surveyed operators were also a bit less optimistic about the next six months in the June survey, as all four Expectation components fell. In fact, the only component that held steady was that…
Wholesale Food Prices Dip Again In September
After posting strong gains in six of the first seven months of 2014, food prices at the wholesale level fell 0.3% in September, according to the U.S. Bureau of Labor Statistics and the National Restaurant Association. The drop follows a modest 0.1% dip in August. But thanks to the increases earlier this year, wholesale food…
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