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Personnel Shifts At Champion And Ali
Some new titles for four employees at Champion Industries: Anthony Patella has assumed the post of regional sales manager-South and Nathan Marshall now has the title of product manager. Patella previously held the position of regional sales manager for Moyer Diebel. He is based at Champion/Bi-Line headquarters in Winston-Salem, N.C. Marshall, who had played a…
T&S Appoints G.M. For Shanghai Operation
T&S Brass and Bronze Works has hired Pat Cotter as general manager of its facility in Shanghai, China. Cotter has a long career in industrial leadership and development experience in China, India, Mexico and South America. Much of his career has been with Worthington Industries, a multinational steel processor and metal products manufacturer. For the…
Fazoli’s Steps Onto Growth Track
Fazoli’s total unit count is growing for the first time in a decade. The Lexington, Ky., chain has inked agreements with new and existing franchisees for at least nine new locations, including multiples sites in its home state, as well as Indianapolis; Dubuque, Iowa; and Glenwood Springs, Colo. Fazoli’s, which has 217 units in 26…
Sysco To Buy US Foods For $3.5 Billion
Two of the largest broadline distributors in the country will be joining forces. On Dec. 9, Sysco agreed to buy rival US Foods for about $3.5 billion in stock and cash. Under the terms of the agreement announced Monday, Houston-based Sysco will pay $3 billion in common stock and $500 million in cash. It also…
Cap Spending Measures Fell Sharply In NRA’s December Performance Index
The two indicators in the National Restaurant Association’s Restaurant Performance Index that track recent and future capital spending by restaurant operators took big hits in December, even as other measures in the index rose, pushing up the overall index by half a point. It now rests at 99.9, just shy of the 100 level that…
Canadian Restaurant Sales Slowed In 4Q, Says CRFA
The number of Canadian restaurant operators reporting increased same-store sales in fourth quarter 2012 fell to 33% from a robust 44% in the third quarter, according to data from the Canadian Restaurant and Foodservices Association’s quarterly Restaurant Outlook Survey. The changes are against the same quarter the prior year. A slowing economy, bad weather, concern…
Last Week’s Retail Sales And Wholesale Price Numbers Misleading For Foodservice
If you just saw the top line numbers for retail sales and the Producer Price Index, reported by the Bureau of the Census on April 12, you may have thought sales and wholesale prices fell in March. In fact, foodservice and drinking place sales rose a seasonally adjusted 0.7% compared with February, the first gain…
NPD Forecasts Flat Restaurant Traffic For 2013; Traffic Steady In First Quarter
In spite of inclement weather and an atypical surge in gasoline prices in the first quarter this year, restaurant traffic was even with the first quarter 2012, according the latest data from The NPD Group. The research firm reported a 2% increase in spending at U.S. restaurants during the period. The group also said it…
Other Economic News Of Note:
The monthly jobs report from the Bureau of Labor Statistics showed the U.S. economy created 162,000 net new jobs in July, lower than the past few months and 20,000 to 25,000 lower than most economists expected. In the perverse environment of the financial markets, this was seen as positive, because they believe it will slow…
Will Strong 2Q E&S Sales Lead To 2013 FER Forecast Revision?
As we reported two weeks ago in FER Fortnightly, sales of equipment and supplies surged in the second quarter of this year, catching us very much by surprise. The MAFSI Barometer, a reflection of manufacturers’ rep sales trends, jumped 6.1%, a record quarterly gain for the 11-year-old index. Combined revenues at the seven publicly reporting…
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