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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…
NRA’s Performance Index Ticks Downward, But Cap-Ex Indicators Jump
Given that the September survey for the National Restaurant Association’s Restaurant Performance Index was conducted during the partial federal-government shutdown and debt-ceiling fight, the slight decline of the overall RPI is really quite remarkable. While same-store sales and traffic were off sharply and operator confidence about the future also declined, the overall index registered only…
Fiscal Cliff Deal Extends 15-Year Tax Depreciation For Operators
A fall off the so-called fiscal cliff was skirted by Congress’s New Year’s passage of the American Taxpayer Relief Act. Buried in the Act were a number of tax breaks for many individuals and small-business owners–including foodservice operators. The fiscal bill, which President Obama signed into law Jan. 2, includes a one-year extension of the…
It’s Healthcare 201 For California Ops
Operators in the country’s most populous state can get a close-up look this month at implementing the nation’s ongoing healthcare reform. “Health Care 201: Implementing the Affordable Care Act,” is going on the road this month, courtesy of the California Restaurant Association Legal Center. The CRA presentation will tour California with a line-up of national,…
McDonald’s UK Opening Doors To Its Supply Chain
McDonald’s is giving members of the British public unique access to go behind the scenes of the farms and factories in its supply chain and evaluate and report on what they find there. The “quality scouts” initiative allows volunteers, led by former rugby star and Celebrity Masterchef winner Phil Vickery, to visit different parts of…
Smoking Bans Don’t Adversely Affect Restaurant Revenue
North Carolina’s ban on smoking in restaurants and bars has had no negative impact on the businesses’ revenue and employment, according to a new federal study. The Centers for Disease Control and Prevention has been studying nine states’ smoking-ban policies, with North Carolina’s regulations serving as a role model. About 24,000 establishments in North Carolina…
FDA Mulls Trans Fat Ban
The U.S. Food and Drug Administration has proposed measures that would all but eliminate artificial trans fat from the food supply. Under the proposal, the agency would declare that partially hydrogenated oils, the source of trans fats, are no longer “generally recognized as safe,” (a legal category that permits the use of, say, salt and…
Hoshizaki Buys Jackson From Manitowoc
The Manitowoc Co. announced on Jan. 28 that it has sold its Jackson MSC warewashing business to Hoshizaki USA Holdings. Specific terms of the asset sale were not disclosed. Jackson, based in Barbourville, Ky., manufactures a broad line of warewashing equipment systems, including conveyor, flight-type and undercounter units. Hoshizaki makes it headquarters in Peachtree City,…
Time For School
The foodservice equipment and supplies business is so complex, you can just never know enough. A true E&S professional needs to know the difference between a Btu and a kW, have some knowledge of airflow dynamics, understand what 18/8 means on a piece of flatware (and know to call it flatware, not silverware), recognize dangerous…
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MANUFACTURERS
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SERVICES
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