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Domino’s launched a promotion that rewards customers with $3 off a future online delivery order for every $3 or more they tip a Domino’s delivery driver. Domino’s “You Tip, We Tip” deal runs through mid-September. “Domino’s wants to say ‘thanks for the tip’ by tipping you back.”The promotional strategy serves several purposes for Domino’s. Tip fatigue is a problem for both Domino’s delivery drivers, who make a meaningful portion of their income from tips, and Domino’s business model. Domino’s delivery drivers’ pay is linked to tips.
Persons: Domino’s, Tip, , , “ Domino’s, Kimberly Whitler, RJ Hottovy, “ It’s, ” Domino’s, Jayaraman Organizations: New, New York CNN, Domino’s, University of Virginia’s Darden School of Business Locations: New York, Florida
As anchor department stores left malls, so did some name-brand chains like Ruby Tuesday, Chili’s, Applebee’s and others. What’s taking their place illustrates a large shift in US tastes: There’s a boom in smaller and regional restaurant chains with a local following. At the same time, many national chains are prioritizing drive-thru locations over their sit-down restaurants in malls. Chick-fil-A restaurants were only located in mall food courts for the company’s first 20 years. “Traditional mall restaurants were casual dining chains like Chili’s, TGI Fridays, and quick-service restaurants in food courts.
Persons: Ruby, What’s, Paul Hennessy, , Chris Simms, Simms, Gabby Jones, Mark Hunter, CBRE, RJ Hottovy, ” Hottovy, David Kim, ” Kim, It’s Organizations: New, New York CNN, Anadolu Agency, Getty, , Food, JCPenney, Nordstrom, Green, Westfield Garden, Bloomberg, Deloitte, NV Locations: New York, Applebee’s, Orlando , Florida, Paramus , New Jersey, United States, Greenbriar, Atlanta, Korean, Henderson
For the last decade, Singapore’s Changi International Airport and Doha’s Hamad International Airport have been going back and forth, battling over the title of ‘world’s best’. European airports dominateNine of the top 20 best airports are in Europe, including Vienna, Madrid and Istanbul. Kansai International Airport (KIX), which serves the Osaka area, scored the award for the world’s best airport baggage delivery. El Dorado International Airport (BOG), which serves Bogota, Colombia, was voted the best airport in South America, while Panama Tocumen Airport (PTY) won the honor of best airport for Latin America and the Caribbean. The world’s best airports for 20241.
Persons: CNN — Ali, Frazier, , Badr Mohammed Al Meer, It’s, Charles de Gaulle, ORY, Indira, Skytrax, Paris Charles de Gaulle Organizations: CNN, The Red Sox, Yankees, Doha, Singapore, Singapore’s, Singapore’s Changi International Airport, Doha’s Hamad International, Hamad International, Airport, ” Qatar Airways Group’s, Oryx, Paris, Paris ’, Rome Fiumicino Airport, Zurich, Vantaa, Haneda, New, Chubu Centrair International, Kansai International, Vancouver International, Melbourne Airport, MEL, Australia, Indira Gandhi International Airport, Cape Town Airport, King Shaka International, El Dorado International, Panama Tocumen, TWA, New York JFK, Hyatt Regency Shenzhen, Hilton Munich Airport, Crowne Plaza Changi Airport, Doha Hamad, Singapore Changi, Seoul Incheon, Tokyo Narita, Dubai, Munich, Istanbul, Hong Kong, Rome Fiumicino, Vienna, Madrid, Barajas, Vancouver, Kansai, Melbourne, Copenhagen Locations: Singapore’s Changi, Doha’s, Qatar’s, Singapore, Doha, , Frankfurt, Germany, Europe, Vienna, Madrid, Istanbul, Paris, Skytrax, Rome, Helsinki, HEL, Japan, Asia, Haneda, Narita, New Chitose, Sapporo, Nagoya, Osaka, North America, Down, Pacific, India, Cape, Africa, Durban, Bogota, Colombia, South America, Panama, America, Caribbean, New York, China, Tokyo, Vantaa
After a slow start to the year, several restaurant chains are due to emerge as the winners this earnings season, according to Jefferies. First of all, same-store sales only modestly recovered in March to around flat, while the key metric was down 4.5% in January and 0.6% in February, analyst Andy Barish wrote. He added customer traffic remains challenged as well, although this varies from restaurant brand to restaurant brand, while consumers have simultaneously grown more cautious about their spending. Jefferies believes that the restaurant chain's earnings per share will come in line, while same-store sales are more likely to have some upside. Barish sees first-quarter U.S. same-store sales and earnings per share estimates coming in line with analyst expectations, while EBITDA could surprise to the upside.
Persons: Andy Barish, Barish, BJ's, Jefferies, EBITDA, McDonald, — CNBC's Michael Bloom Organizations: Jefferies, Investors, BJ's Locations: California, CA, remodels, Brazil, McDonald's
Just about every state in America has cracked down on fentanyl distribution, by stepping up arrests and increasing prison sentences. But few places are as aggressive as Riverside County, Calif., in prosecuting people who supply fatal does of fentanyl. Since late 2021, the Riverside County district attorney, Mike Hestrin, has charged 34 suspected fentanyl suppliers with murder and is said to be the first prosecutor in California to achieve a guilty verdict from a jury in a fentanyl-related homicide trial. Riverside County has a reputation for aggressively prosecuting crimes (a “prosecutor’s paradise,” one local defense lawyer calls it). And like Riverside, some other counties — like San Diego and Placer, near Sacramento — that have also brought murder charges against fentanyl suppliers have sizable numbers of conservative-minded voters who tend to favor more punitive approaches to crime.
Persons: Mike Hestrin, , Hestrin Organizations: Locations: America, Riverside County, Calif, California, Los Angeles, Riverside, San Diego, Placer, Sacramento
New York CNN —McDonald’s new trendy beverage-led spinoff CosMc’s is pulling in younger customers at a faster clip than a typical Mickey D’s with Big Macs and fries, according to one early traffic estimate. McDonald’s unveiled its CosMc’s specialty drinks cafe spinoff in December, with the first location opened in Bolingbrook, Illinois. That first CosMc’s location saw more than double the number of visits that a typical McDonald’s saw chainwide in the same month, despite only being open since Dec.7, according to a report from Placer.ai, which uses location data from mobile devices to estimate visits to specific locations. CosMc’s generated triple the number of visits per square foot than an average McDonald’s restaurant (CosMc’s has a roughly 2,500 square feet footprint compared to 4,000 to 4,500 square feet for the average McDonald’s location), the firm said. RJ Hottovy, head of analytical research with Placer.ai, said that the one CosMc’s location sometimes has to accommodate spillover traffic in a separate parking lot because the drive-thru lanes were often at full capacity.
Persons: New York CNN —, D’s, Big, McDonald’s, it’s, It’s, RJ Hottovy, , ” McDonald’s, Danielle Wiener, Bronner Organizations: New, New York CNN, Starbucks Locations: New York, Bolingbrook , Illinois, Placer.ai, McDonald’s
Sierra is TJX's outdoor lifestyle brand, selling apparel, gear, home goods, and pet products. Business Insider visited a store for a closer look at T.J. Maxx's younger, sportier sibling. The Sierra store in Madison, Wisconsin, is just two doors down from a T.J. Maxx location. Dominick Reuter/Business InsiderSierra's tiny stature means it barely receives individual mention in TJX earnings calls beyond annual announcements of planned store openings, per AlphaSense. AdvertisementTJX's fingerprints are all over Sierra's stores, and the combination of its tried-and-tested playbook with this retail category make the small-but-mighty brand an exciting one to follow.
Persons: , Dominick Reuter, I'm, TJX, Placer.ai, Ernie Herrman, Stanley, Dick's, REI, Sierra Organizations: Business, Service, Sporting, Sierra, Trading, Marshalls, Public Lands Locations: Wisconsin, Sierra, Madison , Wisconsin, Reno , Nevada, Wyoming, Denver, Burlington , Vermont, Framingham , Massachusetts, Maxx, REI
REUTERS/Mike Segar/File Photo Acquire Licensing RightsDec 1 (Reuters) - Retailers like Amazon.com and Foot Locker are signaling optimism for holiday season sales after stronger-than-expected figures during Black Friday and Cyber Monday, as heavy discounts lured budget-strained customers on the peak U.S. shopping days. Early estimates on holiday shopping have been encouraging to some investors after retailers sounded cautious notes in the lead-up to the season. "We know we're buying for wallet share with a value-conscious consumer this holiday season. Deep discounts have been a key feature heading into this year's holiday shopping season and holiday discounts could get even bigger in December, according to some retail executives. Kohl's (KSS.N) CEO Tom Kingsbury said last week the company was "coming out on holiday very aggressively in terms of promotions."
Persons: Mike Segar, Jimmy Lee, we've, Mary Dillon, Tom Kingsbury, Cos, Jason Benowitz, Deborah Sophia, Juby Babu, Pooja Desai Organizations: REUTERS, Adobe Analytics, National Retail Federation, Wealth Consulting, Amazon, Black, BofA, Walmart, Abercrombie, Fitch, American Eagle Outfitters, Roosevelt, Thomson Locations: Robbinsville , New Jersey, U.S, Bengaluru
Shoppers load a box of merchandise into a truck after visiting a Lowe's hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. REUTERS/Mark Makela/File Photo Acquire Licensing RightsNov 21 (Reuters) - Lowe's Cos (LOW.N) on Tuesday projected a bigger drop in annual comparable sales than previously expected and trimmed its profit forecast as inflation-hit consumers cut back spending on home-improvement projects, sending its shares down 6%. Lowe's saw a "greater-than-expected pullback in DIY discretionary spending, particularly in bigger ticket categories" in the third quarter, CEO Marvin Ellison said. The company reported a 7.4% drop in same-store sales for the three months ended Nov. 3, compared with analysts' average estimate of a 5% drop, according to LSEG IBES data. Lowe's now expects full-year comparable sales to decline 5%, compared with its prior outlook for a 2% to 4% drop.
Persons: Mark Makela, Cos, Lowe's, Marvin Ellison, Deborah Sophia, Anil D'Silva Organizations: REUTERS, Home, Thomson Locations: Philadelphia , Pennsylvania, U.S, Lowe's, Placer.ai, Bengaluru
Sales are spread over multiple weeks, and shoppers are going online to snag deals instead of lining up outside a store. Former Walmart employee Karen Baker told Business Insider she worked each Black Friday in her decade with the company and described it as a "free for all." One current and two former Walmart employees told Business Insider that stores in recent years aren't bracing for chaos on the day after Thanksgiving. "It's made just for Black Friday," Baker said of on-sale products that might otherwise appear similar to regularly available merchandise. "Because of my time at Walmart, because me and my husband both have done it, we just don't do Black Fridays," she said.
Persons: , Karen Baker, Baker, Athenia Camacho, Brittany Chang, hasn't, Camacho, It's, " Baker, it's, Mario Tama, abitter@businessinsider.com Organizations: Walmart, Service, Business, Southwest . Business, Black, Southwest, Adobe Analytics Locations: California, Southwest
One current and two former Walmart employees told Business Insider that stores in recent years aren't bracing for chaos on the day after Thanksgiving. AdvertisementInstead of one day of sales, Walmart now offers a series of items on mark-down, from pajamas to electronics. "It's made just for Black Friday," Baker said of on-sale products that might otherwise appear similar to regularly available merchandise. AdvertisementA Black Friday sales event at a Walmart Supercenter on November 14, 2023. Advertisement"Because of my time at Walmart, because me and my husband both have done it, we just don't do Black Fridays," she said.
Persons: , Karen Baker, Baker, Athenia Camacho, Brittany Chang, hasn't, Camacho, It's, " Baker, it's, Mario Tama, abitter@businessinsider.com Organizations: Walmart, Service, Business, Southwest . Business, Black, Southwest Locations: California, Southwest
The walkout comes on the coffee chain's Red Cup Day event, during which Starbucks hands out free red-colored, reusable, holiday-themed cups to customers on their coffee purchases. About a dozen workers picketed outside Starbucks' Astor Place outlet at the New York University's campus chanting "no contract, no coffee" and other rhymes. Red Cup day has typically been a major driver of store traffic, with Placer.ai data showing that visits to U.S. Starbucks stores on the day last year jumped 94% over the daily average for the full year. Mary Boca, 22, Astor Place, New York barista, said she wants to see higher pay and more staff at Starbucks. Last year, workers at more than 100 U.S. company-owned Starbucks locations had held a one-day strike on Red Cup day.
Persons: Lindsay DeDario, Mary Boca, , New York barista, Boca, Edwin Palma Solis, Granth, Shinjini Organizations: Mobile, REUTERS, Starbucks, Workers United, NYU, Workers, U.S ., Red, Thomson Locations: Hamburg, Buffalo , New York, U.S, United States, Astor, York, , New York, Bengaluru, Arriana, New York City
Taco Bell parent Yum Brands tops same-store sales estimates
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +2 min
A Taco Bell order and drinks sit inside the first digital-only U.S. location at Times Square in New York City, U.S., April 14, 2021. Yum Brands has banked on aggressive promotions and limited-time offers across its brands to attract customers. Global same-store sales at Taco Bell restaurants rose 8% in the quarter, above estimates of an increase of 6.49%, while KFC posted an increase of 6%, compared with estimates of 5.39%. Total same-store sales at Yum Brands rose 6% in quarter, beating analysts' estimates of a 4.73% increase. On an adjusted basis, Yum Brands earned $1.44 per share, beating estimates of $1.28.
Persons: Shannon Stapleton, Taco, Taco Bell, Deborah Sophia, Shounak Dasgupta Organizations: Bell, REUTERS, Yum Brands, Taco Bell, KFC, Thomson Locations: New York City, U.S, Taco, United States, Bengaluru
[1/3] The McDonald's company logo stands on a sign outside a restaurant in Bretigny-sur-Orge, near Paris, France, July 30, 2020. Global comparable sales at McDonald's jumped 8.8% in the quarter ended Sept. 30, while analysts on average expected a 7.36% rise, according to LSEG data. While overall dining traffic fell in all three months of the quarter, McDonald's saw a 7.3% jump in July, data from Placer.ai showed. U.S. comparable sales climbed 8.1% in the quarter, beating estimates of a 7.4% increase, thanks also to higher average spending at stores. Meanwhile, same-store sales in McDonald's international operated markets increased 8.3%, edging past expectations for 8.03% growth.
Persons: Benoit Tessier, McDonald's, Deborah Sophia, Sriraj Organizations: REUTERS, McDonald's, UBS, Thomson Locations: Bretigny, Paris, France, Placer.ai, U.S, Bengaluru
Investors' knee-jerk reaction to those comments sent the under-pressure S&P 500 restaurants index (.SPLRCREST) down 1.3% at the time. THE FUNDAMENTALS** On Thursday, Chipotle is expected to report a 4.5% increase in Q3 same-store sales, according to LSEG data, slower both on a year-over-year and a sequential basis. Profit likely rose about 18%. WALL STREET SENTIMENT** The S&P 500 restaurant sub-index (.SPLRCREST) has risen just 0.4% year-to-date, lagging a more than 10% jump in the benchmark S&P 500 (.SPX). Growth in top restaurant stocks has broadly lagged the benchmark S&P 500 indexReporting by Deborah Sophia in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Peter Saleh, Taco Bell, Wells, Chipotle, Deborah Sophia, Savio D'Souza Organizations: REUTERS, KFC, Yum Brands, Walmart, Conagra, Taco, WALL, Thomson Locations: New York, McDonald's, Wells Fargo, Bengaluru
ROSEVILLE, Calif. (AP) — Police arrested two people, including a former professional baseball player, Friday in Nevada in connection to a Lake Tahoe-area attack that left a man dead and his wife in critical condition. Authorities say they knew each other and the victims — Robert Gary Spohr and his wife, Wendy Wood. Spohr, 70, was killed and Wood survived the shooting at their home in an unincorporated community in California off the shore of Lake Tahoe, the Placer County Sheriff's Office said. “Today, justice was served,” Placer County Sheriff Wayne Woo said in a statement. Police records don't list an attorney, and a spokesperson with the Placer County Sheriff’s Office said the department has no information on her representation.
Persons: Danny Serafini, Samantha Scott, Robert Gary Spohr, Wendy Wood, Wood, Placer County Sheriff Wayne Woo, David Fischer, didn’t, Serafini, Office didn’t, Scott, Spohr Organizations: — Police, Authorities, Placer County Sheriff's, , Placer County Sheriff, Associated Press, MLB, Sacramento Bee, Public, Office, Placer County Sheriff’s Locations: ROSEVILLE, Calif, Nevada, Tahoe, Las Vegas, Reno, Spohr, California, Lake Tahoe, Placer County, Homewood, North Lake Tahoe, Clark
FORESTHILL, Calif. (AP) — A 19-year-old was rescued after a stunt went wrong and left him dangling by a rope from California's tallest bridge, authorities said. Deputies responding Monday evening to the Foresthill Bridge northeast of Sacramento determined the teen and his 17-year-old friend had been shooting video of him swinging from the steel span, the Placer County Sheriff’s Office said. “The 19 year-old became stuck, hanging approximately 30 feet from the underside of the catwalk when his equipment failed. His friend called 911 after they determined he was stuck and needed assistance,” the sheriff's office said in a statement. Rising 730 feet (223 meters) above the North Fork American River in Sierra Nevada foothills, it’s the tallest bridge in the state and third tallest in the United States.
Persons: , sheriff's Organizations: Placer County Sheriff’s, Cal Locations: Calif, Sacramento, Placer County, Sierra Nevada, United States
San Francisco remains firmly at the bottom of US rankings when it comes to office attendance. In San Francisco, it was 65 degrees fahrenheit. It's probably another reason why San Francisco remains firmly at the bottom of the rankings when it comes to office attendance by employees. Its report for July 2023 shows visits to office buildings in San Francisco are still almost 50% below 2019 levels. AdvertisementAdvertisementMore CEOs are keen to get employees back to the office now, including several leaders of tech companies in the San Francisco Bay Area.
Persons: It's, There's Organizations: Washington DC, Morning, San, San Francisco Bay Area Locations: San Francisco, Washington, Tokyo, Francisco's, Japan's, San Francisco Bay
We visited four Subway in Southern California to figure out how Roark can fix the brand. So I visited four Subway stores near my Southern California home. It is one of hundreds of Subway stores that have been remodeled over the years. In 2021, The New York Times conducted its lab test and published a report stating that it found no tuna DNA in Subway tuna sandwiches. I ordered the tuna sandwich at a Subway in Santa Ana, California, an aging stand-alone store in a former adobe-style Taco Bell building.
Persons: Roark, Dunkin, Fred DeLuca, Jared Fogle, It's, haven't, Nancy Luna, Burger King, , Tim Powell, Powell Organizations: Roark Capital, Buffalo Wild Wings, Service, Subway, Royce, Owners, The New York Times, Chapman University Locations: Southern California, Wall, Silicon, Jersey, North America, Miami, Orange , California, Santa Ana , California, Orange
New York CNN Business —Taylor Swift’s era-defining “Eras” tour is flying like a jet stream, high above the music scene — by billions of dollars. The tour could gross $2.2 billion in North American ticket sales alone, according to August survey data from research firm QuestionPro provided to CNN exclusively. ‘An economic phenomenon’“Taylor Swift’s ‘Eras’ tour is rewriting the playbook of entertainment economics,” said Chris Leyden, director of growth marketing at SeatGeek. “She’s not just a performer — she’s an economic phenomenon.”The average resale price of an “Eras” ticket was $1,607, SeatGeek told CNN. Swift kicked off the highly-anticipated “Eras” — her first tour since her “Reputation” stadium tour in 2018 — in March.
Persons: New York CNN Business — Taylor, QuestionPro, Swift, Elton John’s, Larry Miller, New York University Steinhardt, , , Miller, concertgoers, Taylor, Chris Leyden, “ She’s, , SeatGeek, “ Taylor, Terri Shoemaker, Taylor Swift, Hell, Swifties, “ We’ve, Ethan Chernofsky, That’s, it’s, I’ve Organizations: New York CNN Business, North, CNN, New York University, Swift, Arizona Food Bank Network, Retailers, Ticketmaster, Entertainment, Nissan Locations: Los Angeles, American, North America, Arizona, Philadelphia, Nashville , Tennessee, Arlington , Texas
July 27 (Reuters) - McDonald's (MCD.N) beat market expectations for quarterly comparable sales on Thursday, as the restaurant chain's relatively cheaper burgers and fries attracted cost-conscious diners in an inflationary environment. While U.S. restaurant chains including McDonald's have had to raise prices to offset a hit to profit from higher costs, the company has still managed to keep its prices lower than its competitors. Those moves, coupled with improved staffing levels at its chains, have helped McDonald's gain market share from its peers. In contrast, overall traffic at fast-food and quick-service chains climbed just 1.2% in the same period. Easing costs of key ingredients including chicken, cheese and pork have also helped McDonald's, whose total restaurant margins in the United States climbed 12% in the quarter.
Persons: McDonald's, Deborah Sophia, Anil D'Silva Organizations: U.S, McDonald's, Thomson Locations: United States, U.S, Bengaluru, Kailyn Rhone, New York
In the United States, sales at McDonald’s locations open for at least 13 months jumped 10.3% in the quarter ending on June 30. Grimace’s birthday, and the kickoff date for the special meal and shake McDonald’s offered to celebrate, was on June 12. When McDonald’s introduced the special products for Grimace in early June, it wasn’t all about the shake. The Grimace Birthday Meal also came with McNuggets or a Big Mac and fries. “Grimace is the perfect lovable icon to have McDonald’s meet our fans at the intersection of nostalgia and culture.”But in TikTok videos where people wish Grimace a happy birthday before sampling the shake, Grimace is not presented as a lovable icon.
Persons: McDonald’s, , , Chris Kempczinski, ” Tariq Hassan, “ Grimace, Grimace, tweeting Organizations: New, New York CNN, McDonald’s, Plant Locations: New York, United States, China, Placer.ai
Now, it's expanding to small towns and hurting chains like Chick-fil-A, according to Placer.ai. Popular steak house chain Texas Roadhouse, which is 1.6 miles from the new Chipotle, saw year-over-year traffic slide by 5.27% in April and by 3.92% in May 2023. A Chick-fil-A less than a mile from Chipotle, saw foot traffic decrease four out of five weeks in May, Placer.ai reports. "I don't see how Chipotle's brand can transfer to small towns." Chipotle isn't betting all of its growth on small towns.
Persons: Chipotle, Placer.ai, Jack Hartung, Tim Powell, Zers, Powell Organizations: Service, Wall Street, Placer.ai, Texas, X Locations: Wall, Silicon, Chipotle, America, Texas, San Angelo , Texas, The Texas, McDonald's, Covington , Louisiana, Camden , Delaware, Washington, Canada, France, Germany
One of New York City's biggest landlords said the office is dead on Fridays and maybe Mondays, too. Data on office occupancy rates also shows Mondays and Fridays are the most vacant days of the week. Insider asked readers on our LinkedIn page if they're going into the office on Mondays and Fridays, Mondays or Fridays, or neither. We asked: "Given the choice, do you go into the office on Mondays and Fridays?" A little less than half of the respondents said they wouldn't go into the office on either Mondays or Fridays.
Persons: , Steven Roth, Misha Friedman, Robert Parlaman, Lakshmi Organizations: Service, Disney, LinkedIn, New York, San, Chicago, Washington D.C, Philadelphia, Houston, Austin, Dallas, Angeles, Systems Locations: York, Placer.ai, Atlanta, Jose, San Francisco, Lakshmi Varanasi, lvaranasi
The resurgence of buffet-style restaurants is leading to wait times of up to two hours, NYT reports. Buffet-style restaurants in Las Vegas are now seeing wait times of up to two hours, The New York Times reports. Though these findings are significant in vacation hot spots like Las Vegas, buffets across America also are seeing a boost. The buffet affords its patrons a meal that is ready upon arrival which cuts down the wait times." Not all buffet restaurants were lucky enough to see a post-pandemic comeback — some closed down for good during the COVID-19 pandemic and nationwide restrictions.
Persons: Buffets, , There's, Lori Ford, Ford Organizations: Service, New York Times, Cosmopolitan, CNN, The New York Times, Movie, Food and Drug Administration, Tomatoes, Times Locations: Las Vegas, Vegas, Bellagio, buffets, America, Hattiesburg , Mississippi
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