Opinion pieces on the foodservice equipment and supplies industry from leaders and laymen from all aspects of the business, including dealers, distributors, design consultants and multi-unit operators.
It was rather late in the production schedule for this month's issue, when I was made aware that Editorial Director Joe Carbonara, for whom I have the utmost love and respect, had commissioned an unscheduled piece of editorial on the predicted impact of a Trump presidency on the foodservice equipment and supplies industry. I wasn't thrilled ... for a couple of reasons.
The business community has had some big hits as of late. Department store giant Macy's announced plans to close 100 of its brick and mortar locations across the country in an effort to stabilize its operations. Sears unveiled plans to sell its Craftsman brand of tools to Stanley Black & Decker for $900 million.
A Q&A with A Service Pro You Should Know: John Orr, Technical Service Manager, CFESA master technician and certified refrigeration trainer, RSI, Dallas.
When it comes to calculating return on investment for foodservice equipment, the equation includes two key variables: cost and time. Proper maintenance techniques can help extend the life of equipment and lessen costly repairs or frequent replacements — boosting an operator’s ROI.
Sam Stanovich has been involved in the hospitality industry more than two decades. Prior to his current position as area representative and franchisee for Firehouse Subs, he served as director and partner, product development and industry relations, for the National Restaurant Association. Stanovich also served as president and CEO of the Heritage Corridor Convention and Visitors Bureau and spent 12 years working for Marriott International.
A cautionary tale about mobile apps. Despite strong sales, rising expenses force some New York City restaurants to close. Danny Meyer invests in two new concepts. McDonald’s CEO looks to technology to drive business improvements. These stories and a whole lot more This Week In Foodservice.
The National Restaurant Association says restaurant performance showed slight improvement in November. A research firm predicts a lean year for restaurants. McDonald’s new HQ will lease space to suppliers. Chains will work with the National Retail Federation to train employees. McFlurry lovers are frequently out of luck.
Retail sales were up last month but restaurants saw a sales decline. Hiring foodservice employees is getting tougher. McDonald’s plans to franchise its China operation and now wants to do the same for Japan. Applebee’s and IHOP are planning major overseas expansion.
The No. 1 foodservice chain will be … Starbucks? Operators continued to hire in December. The NPD Group sees restaurant traffic stalled this year. Prediction is that menu prices will remain high but restaurants will offer deals and promotions. Well known Wall Street analyst Mark Kalinowski predicts that Starbucks will increase its restaurant count by 8.4 percent and same-store sales by +5.0 percent in 2017. Further, he believes some time in the future Starbucks will have the industry’s largest market capitalization, bypassing current leader McDonald’s.
The Food Institute sets “real sales” at restaurants higher than other projections; Worldwide restaurant traffic rose in the third quarter and Technomic believes foodservice sales will improve in 2017.