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Consumer Confidence: Need You Ask? But Consumers (And Operators) Spend Anyway
Consumer confidence has generally been considered a good driver of consumer spending. But recent data shows a bit of disconnect. Both major measures of consumer confidence remain at recession levels. The Consumer Confidence Index from the Conference Board fell in October to 39.8 from 46.4 in September. The Thomson-Reuters/University of Michigan Consumer Sentiment Index rose slightly…
Showtime In New York Next Week
With 700 exhibitors signed up and 30,000 attendees expected, the 96th Annual International Hotel, Motel + Restaurant Show opening next weekend will be a hot ticket. The show kicks off Nov. 13-15 at New York’s Jacob K. Javits Convention Center, after a full day of conference and networking activities on Nov. 12. The show is…
Time To Apply For NRA’s Kitchen Innovations Awards
The National Restaurant Association has opened up the nomination process for its 2012 Kitchen Innovations Awards. The awards, selected by an independent panel of experts, celebrate groundbreaking equipment and products that will cut costs and improve productivity and food quality in restaurant operations. “Product innovation is an important driver toward restaurant sales growth and cost…
Kittredge Foodservice Equipment & Supply
KITTREDGE FOODSERVICE EQUIPMENT & SUPPLY has several changes in its sales management team. Jeffrey Mackey has been promoted to v.p.-sales and will continue to manage a 25-strong sales force covering greater New England. Three employees have been promoted to New England regional managers: Cynthia Lummus (Southern), Dennis Reardon (Central), and Bob Beattie (Northern). Beattie also…
Food Prices Continue To Rise Strongly, Menu Prices Not So Much
Wholesale food prices are on a course to show the largest one-year increase since 1980, according to the Bureau of Labor Statistics Producer Price Index data and analysis from the National Restaurant Association. “Average” wholesale food prices, as NRA calls them, and the “finished foods” index in PPI data both rose another 0.6% in September.…
Vietnam Trade Show Reports Surge In Attendance
Vietnam’s biggest food and hospitality tradeshow got a lot bigger this fall. The sixth biennial
Alto-Shaam
ALTO-SHAAM has repositioned its regional sales managers as sector vice presidents, along with its culinary and inside sales support teams. Jack Scott, senior v.p.-sales and marketing, heads up the sales team; Michael Aguirre and Todd Griffith both have received sales and marketing v.p. titles; and Warren Casey, Steve Gill and William Groleau now hold sales…
Fewer Wealthier Households A Key Factor In Restaurant Doldrums
One of the critical realities of the foodservice business is that richer households buy a significant percentage of restaurant meals. And one of the unfortunate effects of the Great Recession is that there are significantly fewer affluent households today than there were in 2007—some 2 million fewer, according to the National Restaurant Association’s Chief Economist…
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