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Internet Dealer To Warehouse Stock Underground
FoodServiceWarehouse.com is going deep to store its inventory of equipment and supplies. The e-commerce firm has signed a 10-year lease to occupy 475,200 sq. ft. of warehousing and distribution space in Hunt Midwest SubTropolis, the world’s largest underground business complex. FSW, founded in 2006, cited location and logistics as the primary reasons for moving its…
New Ownership Alights On Sterno Candle Lamp
Candle Lamp Co., the parent of SternoCandleLamp, was acquired Oct. 10 for $163 million by Westport, Conn.-based Compass Diversified Holdings (CODI). The century-old company, headquartered in Corona, Calif., makes and markets portable food- warming fuel and table lighting products, including wick- and gel-chafing fuels, butane stoves and accessories, liquid and traditional wax candles, catering equipment,…
Restaurant Traffic Flat In 2013, Reports NPD; 1% Growth Forecast For ’14
The NPD Group’s foodservice practice said in a release Dec. 17 that it expects restaurant visits will come in flat for all of 2013, though spending will rise 2%. The firm also said it expects traffic will grow by 1% in 2014 with spending up 3%. Segments expected to drive the growth include fast casual,…
Consumers Appear To Shrug Off Brutal Winter
Maybe the heating bills haven’t shown up yet, but the severe winter weather in many parts of the country and a couple of weak jobs growth reports don’t seem to be dampening consumer confidence very much, if at all. The Thomson Reuters/University of Michigan Consumer Sentiment Index actually ticked up slightly to 81.6 in the…
Food And Gasoline Prices On The Rise
March brought another round of sharp increases in food and gasoline prices, according to wholesale and consumer price data from the U.S. Bureau of Labor Statistics and AAA. The National Restaurant Association calculates that average wholesale food prices rose 1.1% in March, based on Producer Price Index data. Menu prices rose 0.3% for the second…
Will Gas Prices Undermine The Recovery Of Restaurant Sales?
One of the key influences on restaurant sales is gasoline prices. When they increase or particularly spike sharply upward, restaurant sales almost always suffer. So, on the heels of the tough winter’s negative effect on sales and traffic and the sharp rebound of sales and traffic in April and May, many are concerned with the…
Food Prices Spike Again In July
The rise in food prices continued in July as prices at the wholesale level rose another 1.1% during the month, the sixth consecutive increase during the past seven months. For the past 12 months, prices at the wholesale level, as computed by the National Restaurant Association from U.S. Bureau of Labor Statistics Producer Price data,…
Prices Of Stainless And Aluminum Remain Elevated Despite Recent Slides
Prices of stainless steel and aluminum, two metals commonly used in foodservice equipment and supplies, have risen sharply during the past 12 months. Despite drops in prices for both commodities in September and October, prices remain elevated overall. At the same time, prices for other metals, such as copper and carbon steels, have fallen, driven…
FDA Allows More Time To Chew The Fat On Trans Fat
Apparently, a lot of voices want to be heard on regulating trans fat. Because of a larger-than-anticipated number of stakeholder requests for speaking time, the U.S. Federal Drug Administration is adding another 60 days to the comment period on its preliminary determination that partially hydrogenated oils, the primary dietary source of artificial trans fat in…
USDA Serves Notice: Reviews Are Nearly In For Menu Labeling
It’s the final review process, finally, for the menu labeling requirement already pro forma in many foodservice chains. After several postponements and delays, the federal government has moved that piece of the 2010 Patient Protection and Affordable Care Act to the final step in the review process. According to the U.S. Food and Drug Administration,…
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