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Equipment Purchase Tax Incentives Good Through December
Fall might be upon us, but there is still time this year to secure some important tax perks for purchasing or selling equipment. The
Expectations, Cap Ex Plans Fall Sharply, Driving Down NRA’s Performance Index
The National Restaurant Association’s Restaurant Performance Index fell back sharply in July, dipping to 99.7. This puts the index below the 100 point that signals expansion vs. contraction. The expectations and capital goods indicators took especially hard hits. The overall index fell 0.9 point. All eight components of the index were negative. The Current Situations…
Macro Economic Forecasts Continue To Fall
When the year began, the 50 major economic forecasting groups polled monthly by Blue Chip Economic Indicators believed real U.S. gross domestic product would grow 3.1% this year and 3.2% in 2012. At the beginning of September, the consensus forecasts had fallen to just 1.6% for ’11 and 2.2% next year. Forecasts for real growth…
Uncertain Outlook Pushes Most Metal Prices Lower
If there’s any happy effect of the recent economic uncertainty, it’s that prices for most commodities used widely in foodservice equipment and supplies have fallen during the past three months, as buyers and traders try to calculate the effect of falling demand. On the other hand, many E&S manufacturers note that prices for most materials…
Economic Gloom Has Operators, E&S Suppliers Feeling Nervous
The spate of negative economic news, combined with political paralysis in the U.S. and Europe, has foodservice operators and suppliers alike wondering about the future. Several measures of operator confidence turned sharply lower in August. The National Restaurant Association’s Restaurant Performance Index fell into contraction territory for only the second month this year. Expectations for…
Texas Roadhouse Focuses On Middle East Expansion
Texas Roadhouse is ramping up its expansion plans for the Middle East over other emerging markets. The chain cites the region’s sophisticated consumer base and a new partnership with Kuwait’s Alshaya Group, its key licensee in the region. Earlier this month, the casual dining steakhouse opened in Dubai, its first restaurant outside the U.S. It…
Public E&S Companies Grew Strongly Second Quarter
While there is concern the current economic slowdown will undermine the general economy and with it the foodservice equipment and supplies market, there is no question a strong E&S recovery was underway during the first half of 2011. Seven large public equipment and supplies manufacturers saw blended revenues grow 8.5% in the second quarter this…
Marble Slab And MaggieMoo’s Merge Concepts
Marble Slab Creamery and MaggieMoo’s Ice Cream and Treatery are merging into one concept, which retains the Marble Slab name and integrates both chains’ products into an updated, contemporary store. The first remodeled unit opened in August in St. George, Utah. Most MaggieMoo’s locations will transition to Marble Slab’s new look during the next 18…
New Engineering V.P. Appointed By Grindmaster
Grindmaster-Cecilware Corp. has appointed Jose Avendaño as its new v.p.-engineering. He will oversee all aspects of engineering from his offices at the company’s Louisville, Ky., headquarters. He joins the firm from Crane Merchandising Systems, where he was director-refrigeration and product reliability. His 30 years of product development, product testing, and project management experience includes 20…
NSF Names New GM For Foodservice Equipment
Sarah Krol has been appointed general manager-foodservice equipment and consumer products at NSF Int’l. She will work with Mike Kohler, foodservice equipment technical manager and Mark Holloway, operations manager.
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