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. From Homeless to 'Hell’s Kitchen': A Chef's Story
2. Cannabis Cooking Thrives in Iron Chef-Style Competition
3. The Infamous 20 Cents: Why Hitting Your Server With A Low Tip Hurts More Than You Think
4. 8 Restaurant Brands That Rose From the Dead
5. Two New Ways McDonald's Is Trying to Win Over Millennials
6. US chef bans ketchup being served to anyone over the age of 10
7. Eagles Player Who Left A 20-Cent Tip At A Restaurant Says He Would Do It Again
8. It’s Time to #BanBossy School Lunch Ladies
9. Chick-fil-A Founder S. Truett Cathy Dies at 93
10. Remembering Truett Cathy

Recent News
Remembering Truett Cathy
Pioneering L.A. chef Roy Choi on improving food in inner cities
Taco Bell Owner's Next Big Thing Is Vietnamese Fast Food
Using Yelp reviews to track food-poisoning outbreaks
The Uproar over the "Death Row Dinners" Restaurant In London
The 10 Best-Paying Jobs In Fast Food
'MasterChef' crowns season 5 winner
Tim Hortons' sales up in Canada and U.S.
America's 10 Most Outrageous Pizza Toppings
Millions wasted in federal school lunch program




More like this:

Tim Hortons' sales up in Canada and U.S.

Millions wasted in federal school lunch program

Two New Ways McDonald's Is Trying to Win Over Millennials

Prisons director canceled $98,000 fine imposed on Aramark

The New 49ers Stadium Is Revolutionizing The Way People Eat

McBrunch, anyone? McDonald's seeks a new trademark

Burger King Goes Goth in Japan with Black Burger and Cheese

Restaurant lets customers pay for pizza with Ray Rice jerseys

McDonald's Is Making 3 Changes To Win Back Americans

Fast-food’s sinking reputation

Other Topics:

Business & Financial  (1852)

Chefs and Cooking  (1939)

Customer Service  (100)

Design  (22)

Equipment & Supplies  (27)

Food Cost Management  (64)

Food Safety  (216)

HR and Recruiting  (49)

Human Interest  (941)

Interviews  (6)

Legal  (271)

Marketing - Products  (207)

Marketing - Restaurant  (452)

Menu Development  (197)

Nutrition  (1013)

Restaurant Management  (89)

Restaurant Spotlight  (87)

Sanitation  (27)

Startup  (22)

Technology  (147)

Trends  (116)

 




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