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. Restaurant charges customers 35 cent "minimum wage fee"
2. Restaurant's Toxic Tea Leaves Woman in Critical Condition
3. Sysco announces post-merger executive team
4. McDonald's Growth Stall Predicts Deadly Results
5. Guy Fieri. How one man destroyed the Food Network.
6. Why McDonald’s rebranding won’t work and how it screwed up with Chipotle
7. A brief history of Gordon Ramsay's epicurean empire
8. Fast Food Companies Just Lost A Really Big Fight In California
9. Legendary Pizza-Maker Chris Bianco on the Truth About the World's Best Pizza
10. Ex-admirals, generals to defend Michelle Obama's school lunch laws

Recent News
A brief history of Gordon Ramsay's epicurean empire
Tim Horton's Goes Dark in an Attempt to Shock Customers with Delicious New Coffee
Taco Bell joins dollar menu fast food war but is it really a bargain?
It Takes a Calculating Mind to Be a Pastry Chef
Why Your Restaurant Needs a Tech-Over
McDonald's campaigns against its junk food image
Chef David Chang Reveals Biggest Kitchen Mistake
Bacon in Five Guys Testing of Customizable Shakes?
The 15 Craziest McDonald's Locations Around the World
Fun With Food Trends




More like this:

Taco Bell joins dollar menu fast food war but is it really a bargain?

McDonald's campaigns against its junk food image

Bacon in Five Guys Testing of Customizable Shakes?

Operators Concerned about Sysco Merger, Unit Growth Flat and More

USDA Standards Driving Up School Lunch Prices

Starbucks To Test Out Coffee Trucks On College Campuses This Fall

Fast Food Companies Just Lost A Really Big Fight In California

Why this hot restaurant segment has plunged

Why McDonald’s rebranding won’t work and how it screwed up with Chipotle

Burger King to Phase Out Its Lower-Calorie Fries

Other Topics:

Business & Financial  (1803)

Chefs and Cooking  (1903)

Customer Service  (97)

Design  (22)

Equipment & Supplies  (27)

Food Cost Management  (64)

Food Safety  (212)

HR and Recruiting  (49)

Human Interest  (912)

Interviews  (6)

Legal  (266)

Marketing - Products  (207)

Marketing - Restaurant  (449)

Menu Development  (194)

Nutrition  (1004)

Restaurant Management  (85)

Restaurant Spotlight  (87)

Sanitation  (27)

Startup  (21)

Technology  (145)

Trends  (112)

 




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