Daily News All News  |  Subscribe  
Restaurant and Foodservice News
RSS
News |  Newsletters  |  Articles |  Blogs | Video |  TV |  QSR News  |  Casual Dining News  |  Onsite News  |  Chef News

McDonald's Sales Drop In Asia Signals Fast-Food Slowdown




Copyright: Bloomberg L.P

June 12, 2012


Chinese consumers may be losing their appetite for American fast food. On June 8, McDonald’s Corp. (MCD) reported that same-store sales fell 1.7 percent in Asia Pacific, the Middle East and Africa in May, the biggest decline since at least 2004. The pullback at the world’s largest restaurant chain coincides with a slowing Chinese economy. That has forced McDonald’s and Yum! Brands Inc. (YUM), which runs the KFC and Pizza Hut chains, to fight back with less-expensive menu items, said Steve West, an analyst at ITG Investment Research in St. Louis....


Read More (opens new link to source)  |   All News



Note: The story above links to an external site and was free from registration requirements at the time it was selected. Because Foodservice.com has no control over information outside of our site, the availability and status is subject to change.






Thoughts and Comments?  Post as a member of Foodservice.com or Facebook below
Note that you must be registered to leave comments. Register or Sign in.




Top Stories
1. Panera CEO Wrote 20-Page Memo About How He Would Destroy Panera
2. Gordon Ramsay says rival chef sabotaged his restaurant's opening night
3. Restaurant Manager Commits Suicide after Doing 190 Hours Overtime in a Month
4. Chicken Processed in China: One Step Closer to American School Lunch Trays
5. Student photos of skimpy Michelle O lunches raise ire of parents
6. Nutrition Smackdown: School Lunch vs. Packed Lunch
7. 10 Restaurant Trends That Will Change Dining Habits In 2015
8. Restaurant Owner Compares Vegans to Nazis, Internet Explodes
9. Is McDonald's the World's Most Endangered Brand?
10. Want to Succeed in the Kitchen? Write It Down

Recent News
For one day in France, any home can be a restaurant
Restaurant has recipe to survive Buffalo's worst snowstorms
Gordon Ramsay says rival chef sabotaged his restaurant's opening night
Culinary Institute's School For 'Foodpreneurs' To Cook Up Innovation
Lessons from Patterson v. Domino's Pizza
McDonald's Can't Sell Kids on Bubble Gum-Flavored Broccoli
How Often do Fast-Food CEOs Eat at Their Own Restaurants?
7 Signs Your Restaurant Applicant is the Best Choice
How This Chef Helped Build a Restaurant Empire
Dave & Buster's 'Racist' Tweet 2014: D&B Blasted For Taco Tuesday Message




More like this:

Restaurant has recipe to survive Buffalo's worst snowstorms

Panera CEO Wrote 20-Page Memo About How He Would Destroy Panera

Is McDonald's the World's Most Endangered Brand?

Pizza Hut Gets a Reboot

This Is How the Big Mac Is About to Change

Sysco Expands; Buys Pacific Star Foodservice in Mexico

Arby's innovates to meet fast-food challenges

Why fast food is slowly falling out of favor in America

Restaurants hit as folks snack at home

Burger King Ends 15-Cent Nugget Deal as Supplies Wane

Other Topics:

Business & Financial  (1939)

Chefs and Cooking  (2020)

Customer Service  (105)

Design  (25)

Equipment & Supplies  (27)

Food Cost Management  (65)

Food Safety  (221)

HR and Recruiting  (50)

Human Interest  (984)

Interviews  (6)

Legal  (279)

Marketing - Products  (207)

Marketing - Restaurant  (463)

Menu Development  (202)

Nutrition  (1050)

Restaurant Management  (89)

Restaurant Spotlight  (90)

Sanitation  (28)

Startup  (22)

Technology  (157)

Trends  (121)

 




Copyright © 1996-2013 Foodservice.com ®. All Rights Reserved.