Customers attracted by savings of money and time We are undoubtedly in a subscription economy. While streaming services like Netflix, Hulu and Spotify are the masters of it, you can also subscribe to dog food, wine, gyms, razors and car washes. And restaurants, of course, have long sought a way into this now $64 billion…
Read More »According to Nicole Miller Regan of Piper Sandler, teen dollars that formerly went to Starbucks in a major way are now landing in the registers of Chick-fill-A and Dunkin’. In an interview this week with Kelly Evans on CNBC, Miller Regan spoke to the shift in teen spending and how Chick-fill-A knocked Starbucks out of…
Read More »Starbucks announced this week that it was joining the so-called Time To Vote Coalition, a group of some 700 companies that are encouraging their employees to register and vote in the 2020 election. In addition, Starbucks plans to include tools for customers to register to vote and confirm the location and method for them to…
Read More »As we glided from one decade to another, the economy continued its exceptional run, adding another 145,000 jobs in December to cap 2019 at over 2,100,000 new jobs created! According to the Bureau of Labor Statistics, the leisure and hospitality industry added 40,000 of those jobs for an annual industry total of 388,000! As the…
Read More »We’ve all been keeping a close eye on unionizing efforts across the fast food industry, so we took note a few weeks ago when it was reported that workers at Winnipeg Taco Bell and KFC shops had formally unionized, becoming the first QSRs to unionize in all of Canada. Krispy Kreme CFO Price Cooper left…
Read More »Starbucks announced this week that it will begin offering its new cold coffee drink in a number of markets around the country including Boston, New York, Chicago, Portland, LA and San Francisco. The “Nitro Cold Brew” is their existing cold brew coffee infused with nitrogen to give it a smooth and creamy texture. In celebration…
Read More »Taco Bell is now expanding their breakfast menu with the addition of a one dollar value menu for their breakfast items. The company announced last week that the new value menu will consist of 10 breakfast options. At the same time, they also announced three new items will be added to their current breakfast menu…
Read More »Considering the difficulties they’ve encountered over the past year or so, with sales flat or dropping around the world, is it a surprise that McDonalds is going to minimize their pain but switching from monthly to quarterly reporting? I guess the message is if the news ain’t good, don’t report it as frequently . .…
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With their merger receiving all the requisite approvals, BK Worldwide and Tim Horton’s took the final step in becoming one last week when their respective common stocks ceased trading on the Toronto and New York Stock Exchanges. Shares of the newly merged company, Restaurant Brands International, now the third largest QSR company in the world,…
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There appears to be continuing problems between McDonald’s and its franchisees as the latest Janney Capital Markets quarterly McDonalds franchisee survey showed the most pessimistic outlook for the next six months in the history of the survey. The 27 franchisees surveyed, representing 231 shops across the country, gave the coming half a year an average…
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