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2011 Restaurant Trends For Capital-Goods Types
In the rush of third quarter reports, our revised E&S market forecasts and the like, we almost let slip Technomic Inc.’s list of leading restaurant trends for 2011, or what they called “11 for ’11.” While most of the trends are food and beverage oriented–Korean-Mexican fusion foods, retro-cocktails, farmers as celebrity counterparts to chefs, more…
Food And Gasoline Price Increases Remain Worrisome
A number of foodservice industry observers have expressed concern that rising food and gasoline prices could undercut what remains a fragile recovery of the market. Higher food prices undercut operators’ ability to make money on “value meals,” which are driving a lot of operator traffic. And higher gasoline prices eat into consumers’ disposable income for…
NPD Expects Restaurant Traffic Will Grow 1% in Late 2010, Early 2011
The NPD Group, which tracks foodservice traffic activity through consumer panels, reported in December that overall restaurant traffic in the third quarter improved to flat, after two full years of quarterly declines versus year prior quarters. A 1% increase in quick-service traffic, which accounts for more than three-quarters of all restaurant visits, overcame continuing declines…
Shucks! NRA’s Performance Index Fell Back In November
Just when it appeared the restaurant industry had finally turned the corner to recovery, the market softened again, according to the November reading from the National Restaurant Association’s Restaurant Performance Index. The overall index fell 0.8 point, to fall back to 99.9, just below the 100 level that separates expansion from contraction. The RPI stood…
KI Awards Deadline Is Jan. 7
Did you miss it? Tomorrow, Jan. 7, is the deadline for submitting Kitchens Innovations Awards applications to the National Restaurant Association. The prestigious awards program recognizes the most innovative equipment worldwide, and the winning submissions will be featured in the Kitchen Innovations Pavilion at the 2011 NRA Show, May 21-24 at Chicago’s McCormick Place. “Innovative…
New Owners For Noodles & Company
Noodles & Company, the Colorado-based, privately owned chain of more than 245 fast-casual restaurants in 18 states, has been acquired by an investment group that’s led by Catterton Partners. Financial terms of the acquisition were not disclosed. According to the Denver Post, Noodles will operate with the same management team, including CEO and Chairman Kevin…
Colin Lacey Named Manitowoc’s V.P. Service EMEA
Colin Lacey has been appointed by Manitowoc Foodservice as v.p.-service for Europe, Middle East, Asia (EMEA). Lacey is now responsible for coordinating all service activities for Manitowoc Foodservice brands across the region including Cleveland, Convotherm, Dean, Delfield Sadia, Frymaster, Garland, Lincoln, Merrychef, and Moorwood Vulcan. He brings more than two decades experience in after-sales service to…
Dealer, Importer Frank Stella Passes
Frank D. Stella, founder, chairman, and CEO of Detroit-based F.D. Stella Products Co., passed away Oct. 3 at age 91. In addition to launching the E&S dealership that bore his name, Stella also served as chairman and CEO of Stella Int’l., a New York consulting, joint-venture and importing firm. Active in both industry and community…
FreshBerry Frozen Yogurt Café
Nearly 100 FreshBerry Frozen Yogurt Cafés will be opening in Florida, Portugal and Venezuela over the next few years thanks to a recently signed agreement between parent company Beautiful Brands Int’l. and developers Keiny and Erasmo Gudiño. The first two stores are slated to open the first quarter of this year in Caracas, Venezuela, and…
Chili’s Grill & Bar
Chili’s Grill & Bar is shedding new light on its food and guests thanks to the recent major installation of LED lights in its 827 corporate-owned restaurants. The project, which involved installing some 125,000 LED lamps in both interior and exterior areas, is expected to save about $87 per store/per week. Overall savings will tally…
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