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New York CNN —McDonald’s is hoping a new value menu will win back customers that have been put off by its higher prices. On Friday, the fast-food chain unveiled the “McValue” menu, a new, budget-friendly category that will roll out at US restaurants on January 7, 2025. Also on the McValue menu are more in-app offers, plus local food and drink deals organized by its franchisees. But the dollar menu proved relatively unpopular compared to the far more successful $5 value meal, which rolled out this summer. The McValue menu will replace what’s left of it.
Persons: New York CNN — McDonald’s, McDonald’s, We’ve, Joe Erlinger, what’s Organizations: New, New York CNN, McDonald’s Locations: New York, McDonald’s USA
New York CNN —BJ’s Wholesale Club is hiking the price of its annual membership fee for the first time since 2018. The warehouse store chain, a smaller rival to Costco and Sam’s Club, announced Thursday that the cost will increase by $5 to $60 per year for its basic plan. Annual fees have been one of the biggest profit-generating areas for BJ’s, helping it offset expenses to keep its prices down. Meanwhile, Sam’s Club last raised its fees in 2022. The company has fewer stores than its major competitors, and its locations are a little smaller, though BJ’s carries a wider variety of items.
Persons: BJ’s, Organizations: New, New York CNN, BJ’s Wholesale, Costco, Sam’s Club, Sam’s Locations: New York, Westborough , Massachusetts, East Coast, Michigan
New York CNN —A machine is giving McDonald’s a headache, and this time it’s not the one that makes ice cream. Melitta, the manufacturer of the $3,000 espresso machine, informed customers of a problem with the equipment, forcing McDonald’s to temporarily decommission them while the issue is resolved. As a result, McDonald’s customers can’t order its espresso-based drinks, including frappés and Americanos. The chain recently launched a spinoff restaurant called CosMc’s that focuses on specialty coffee drinks. “One area of focus has been identifying ways for McDonald’s to participate in attractive and fast-growing categories … we’ve honed in on specialty beverages and coffee,” McDonald’s CEO Chris Kempczinski previously said.
Persons: McDonald’s, Melitta, , it’s, Chris Kempczinski Organizations: New, New York CNN, CNN Locations: New York, Atlanta, Dallas, Pittsburgh , New York, Tampa , Florida
Sheetz is slashing gas prices by 40 cents
  + stars: | 2024-11-20 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Sheetz, the gas station and convenience store chain, is slashing prices at some of its pumps ahead of the busy Thanksgiving travel period. Sheetz and other chains periodically slash prices to generate buzz and sales, even at the expense of lower profit. Drawing in people with cheap gas could help give convenience store sales a boost. But it’s an odd time to cut gas prices, which are below $3 a gallon in 31 states and hovering at $3.06 a gallon nationally. “Gas prices, after two-plus years of sizzling because of outside factors like Covid and Russia, are finally coming back into balance,” GasBuddy’s Patrick De Haan previously told CNN.
Persons: New York CNN — Sheetz, GasBuddy, , Patrick De Haan Organizations: New, New York CNN, AAA, Drivers, CNN Locations: New York, Russia
Jaguar is changing its iconic logo
  + stars: | 2024-11-19 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Jaguar has unveiled a new logo that emphasizes its posh British pronunciation as it transitions into a “new era” that emphasizes its upcoming all-electric vehicle lineup. JaguarThe redesigned "Leaper." JaguarOther changes to Jaguar’s branding include a redesigned pouncing cat logo, called the “Leaper,” and a new monogram that incorporates the “J” and “R” in the brand name. He even joked a press event that Jaguar has “not been sniffing the white stuff — this is real,” according to Car Dealer Magazine. What all the new branding will look like on the cars will be unveiled at a Miami Art Week event on December 2.
Persons: It’s, it’s, , Gerry McGovern Organizations: New, New York CNN, Dealer, Miami Art Locations: New York
Blackstone announced Tuesday that it has acquired a “majority ownership position” in Jersey Mike’s, valued at around $8 billion, according to a source familiar. The influx of cash will help the sandwich chain “accelerate its expansion across and beyond the US market, as well as its continued investment in technology and digital transformation,” a statement said. “We believe we are still in the early innings of Jersey Mike’s growth story and that Blackstone is the right partner to help us reach even greater heights,” Cancro said in a statement. Jersey Mike’s is the second-largest sandwich chain behind Subway in sales. Data from QSR Magazine reveals Jersey Mike’s locations pull in about $1.35 million per unit, with an average Subway location raking in less than $500,000.
Persons: Peter Cancro, who’s, , Blackstone, ” Cancro, Roark Organizations: New, New York CNN, Jersey, Subway, Blackstone, QSR Magazine, Roark Capital Locations: New York, Jersey, New Jersey, Canada
The airline announced a “first-of-its-kind partnership” with Shake Shack to serve the chain’s cheeseburgers in first class on long-distance domestic flights beginning December 1 on flights out of Delta’s hub in Boston and expanding to other cities throughout 2025. For example, Alaska Airlines created a hot coffee that tastes better in the skies, while United Airlines added cold brew coffee from Illy. Delta has served a generic cheeseburger in first class over the past few years to mostly positive reviews online. And it’s not the first airline to partner with a burger chain — United Airlines once served McDonald’s Happy Meals in the 1990s. The partnership between Delta and Shake Shack marks an expansion of the airline’s relationship with celebrated chef Danny Meyer, who founded the burger brand in 2004.
Persons: we’re, , Stephanie Laster, Danny Meyer Organizations: New, New York CNN — Delta Air Lines, Alaska Airlines, United, Delta, CNN, Airlines, Square Hospitality Locations: New York, Boston, United Airlines, Illy, Delta
New York CNN —McDonald’s is spending $100 million on marketing and to help franchises most heavily affected by a recent E. coli outbreak that has sickened more than 100 people and damaged sales. In a memo sent to employees and obtained by CNN, McDonald’s is spending $35 million on marketing, which includes a value deal focused on its chicken nuggets, plus $65 million directed toward franchisees that have lost business in states where the outbreak happened. Visits and sales took a nosedive in October after the Centers for Disease Control and Prevention and the Food and Drug Administration said that fresh slivered onions served on the Quarter Pounders were the likely source of an E. coli outbreak. More than 100 people got sick across 14 states and several lawsuits have been filed against the chain. McDonald’s has said recent tests showed no E. coli in its food, and in the memo noted its Quarter Pounder burgers topped with slivered onions are now back on menus nationwide.
Persons: New York CNN —, McDonald’s, , Michael Gonda, Tariq Hassan, Chris Kempczinski Organizations: New, New York CNN, CNN, Centers for Disease Control, Food and Drug Administration Locations: New York, North America
New York CNN —Laura Helmuth is resigning as editor-in-chief of Scientific American magazine following an expletive-filled rant about Donald Trump voters. Posting on Bluesky, an X rival, Helmuth said Thursday that she’s “decided to leave Scientific American after an exciting 4.5 years as editor in chief” without mentioning her previous comments. In a series of now-deleted posts on the same platform, she called Trump voters the “meanest, dumbest, most bigoted” group and “fascists” following the former president’s reelection last week. Helmuth had apologized in a separate post, calling them “offensive and inappropriate” and that they don’t “reflect the position” of Scientific American. “We wish her well for the future.”At 179-years-old, Scientific American says it’s the “oldest continuously published magazine” in the United States and has published pieces from more than 200 Nobel winners.
Persons: Laura Helmuth, Donald Trump, Helmuth, she’s “, , , ” Helmuth, ” Kimberly Lau, Laura, ” Lau, Kamala Harris, Trump Organizations: New, New York CNN, Scientific, Trump, CNN Locations: New York, United States
New York CNN —Craig Melvin will become the co-anchor of NBC’s “Today” show beginning early next year, following the departure of Hoda Kotb. Melvin is a familiar face to “Today” viewers, having been with the program in various roles for nearly 14 years. He is an “integral and beloved part of our family,” Libby Leist, senior vice president of Today, said in a statement. She also co-hosted the 10 am hour with Jenna Bush Hager. NBC announced said that the fourth hour will be renamed “Jenna & Friends” following Kotb’s departure until a permanent co-host is named.
Persons: Craig Melvin, Hoda, Savannah Guthrie, Melvin, Kotb, Al Roker, Dylan Dreyer, Sheinelle Jones, Guthrie, , ” Melvin, , ” Libby Leist, Craig’s, ” Kotb, Jenna Bush Hager, Jenna Organizations: New, New York CNN, Savannah, Guthrie, NBC News, NBC Locations: New York
New York CNN —Advance Auto Parts is closing more than 700 locations to shore up the company’s finances following another dismal earnings report. The car parts retailer, which has about 5,000 stores, said Thursday that the closures are part of its “strategic plan to improve business performance.” Advance Auto Parts (AAP) shares slid nearly 5% in premarket trading after it reported earnings that missed analysts’ expectations. The reduction will result in closing roughly 500 corporate-owned stores plus about 200 independently operated locations. The company did not immediately provide a full list of locations set to close. It recently sold Worldpac, an automotive parts wholesaler, for $1.5 billion as part of “simplification” of its business model.
Persons: Organizations: New, New York CNN, Parts, Advance, Research, Companies, Consumers Locations: New York
Everything is under $20 at Amazon’s newest store
  + stars: | 2024-11-13 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Amazon is targeting retail rivals Shein, Temu and TikTok Shop with a new deeply discounted storefront that sells a wide array of products for $20 or less. Called “Amazon Haul,” the mobile-only experience debuted Wednesday in the Amazon app and has everything from fashion accessories to home goods, plus clothes and electronics. Amazon said in an announcement that a “majority” of the Haul items are under $10, with some even less than $1. However, the cheap prices come with a caveat that items can take one to two weeks to be delivered. Also, the store only accepts returns on items that are $3 or more.
Persons: Neil Saunders, , ” Saunders, it’s Organizations: New, New York CNN, Shein, CNN, Amazon, Consumer Product Safety Locations: New York, United States, GlobalData
New York CNN —Kum & Go, the Midwestern gas station chain that gained national fame for the immature snickers its name often receives, is making a change. Kum & Go was founded in Iowa in 1959 by Bill Krause and his father-in-law T.S. Gentle as Hampton Oil Co. and eventually expanded across the Midwest, changing its name to Kum & Go in 1975. Kum & Go has 400 locations spread throughout 13 states in the US Midwest and South. Maverik’s acquisition brings the combined number of locations to about 800 and makes it the 12th largest convenience and gas station chain in the United States.
Persons: we’re, wasn’t, Bill Krause, T.S, Krause, Gentle, ” Krause, Johnny Knoxville Organizations: New, New York CNN, CNN, Hampton Oil Co, Des Moines Register, US Midwest Locations: New York, Iowa, United States
New York CNN —Hush puppies, once a staple on Red Lobster’s menu, are coming back. “I expect a stampede into our restaurants because we’re bringing back the hush puppies,” he jokingly added. Also new on the menu are bacon-wrapped scallops, a lobster bisque, a lobster pappardelle and a Parmesan-crusted chicken dish. Red Lobster is also “crafting a new tartar sauce that brings back all the flavors” from its original recipe, according to its Facebook account. CNN has reached out to Red Lobster for additional details.
Persons: Damola Adamolekun, , Adamolekun, ” —, haven’t, , ” Adamolekun, isn’t Organizations: New, New York CNN, NBC News, CNN, Boomers, Fortress Investment Group Locations: New York
That will soon become a reality in Texas with a new restaurant that unites the two chains under the same roof. Dine Brands, which owns the two restaurants, announced that the combined Applebee’s-IHOP restaurant will open approximately 35 miles west of San Antonio early next year, marking the first time the company has brought the concept to the United States. Plans for the dual-branded restaurant were announced earlier this year as part of Dine Brand’s plan to grow the two restaurants, which both reported lackluster earnings Wednesday. The idea is to maximize revenue with the same footprint of a traditional restaurant. That’s because the two restaurants’ menus encompass all parts of the day (pancakes and eggs Benedict for breakfast and steak and wings for dinner) and will have staff trained to work with both.
Persons: San Antonio, IHOP’s, Benedict, , John Peyton, Peyton, ” Peyton, ” Hottovy, Anne’s, Jimmy John’s Organizations: New, New York CNN, Dine Brands, CNN, , GoTo Foods, Inspire Brands Locations: New York, Texas, San, United States, Dine, Applebee’s, Canada, Latin America
The wealth of the world’s 10 richest people also soared by a record amount, according to Bloomberg’s Billionaire Index. The biggest gainer was Elon Musk, the world’s richest person and one of Trump’s most outspoken and dedicated supporters, whose wealth jumped $26.5 billion to $290 billion Wednesday, according to Bloomberg. Truth Social owner Trump Media & Technology Group, Trump’s social media company, also cashed in with shares skyrocketing in value after CNN and other media outlets projected Trump won. Trump is the dominant shareholder in the conservative social media company, which has scant revenue and is losing money. The president-elect’s 114.75 million shares were worth about $5.3 billion briefly based on those early gains, up from $3.9 billion when trading ended on Election Day.
Persons: Donald Trump, Elon Musk, Jeff Bezos, Kamala Harris, Larry Ellison, Trump, Bill Gates, Steve Ballmer, Larry Page, Sergey Brin, Warren Buffett, , Michael Block Organizations: New, New York CNN, Wednesday, Bloomberg, Amazon, Oracle, Microsoft, Berkshire Hathaway, Democratic, Social, Trump Media & Technology Group, CNN, Trump Locations: New York, Washington
Super giant TVs are flying off store shelves
  + stars: | 2024-11-05 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
XXL TVs – are becoming a huge hit as the cost of giant screens sinks sharply, and viewers look to replace the screens they bought during the peak of the pandemic a few years ago. Still, the growing popularity of XXL TVs could help Best Buy climb out of a series of downbeat quarters. Target, Costco and Walmart also have similar XXL TVs on sale ahead of the holiday season. XXL TVs are mirroring the growth of what four years ago were considered extra-large televisions: 65-inch models that customers scooped up during the pandemic. But with those now-four-year old televisions starting to get long in the tooth for some impatient customers, XXL TVs represent an attractive upgrade.
Persons: Corie Barry, ” Blake Hampton, ” Paul Gagnon Organizations: New, New York CNN, XXL, CNN, Target, Costco, Walmart Locations: New York, United States,
New York CNN —Bernard “Bernie” Marcus, the billionaire Home Depot cofounder and a Republican megadonor, who in recent years became an outspoken supporter of former President Donald Trump, has died, the company announced Tuesday. “The entire Home Depot family is deeply saddened by the death of our cofounder Bernie Marcus,” The Home Depot said in a statement. The Home Depot got its start in Atlanta, a city where Marcus was a well-known philanthropist with his wife Billi. Some Trump opponents attempted to launch a boycott of The Home Depot in 2016 and in 2019 because of Marcus’ support of the Republican nominee for president. I don’t want to work — I’m too lazy, I’m too fat, I’m too stupid.’”“We used to have free speech here.
Persons: New York CNN — Bernard “ Bernie ” Marcus, Republican megadonor, Donald Trump, Bernie Marcus, , , Bernie, ” Marcus, Arthur Blank, Marcus, Blank, Handy, Billi, “ He’s, John McCain, Ron DeSantis, Marcus ’, Organizations: New, New York CNN, Republican, Rutgers University, Depot, Marcus Autism, Emory University, Georgia Aquarium, Trump, Fox News, Fox Business, The, Financial Times Locations: New York, Newark , New Jersey, California, Atlanta, Georgia, Florida, America
That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.
Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, , Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States
TGI Fridays files for bankruptcy
  + stars: | 2024-11-02 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —TGI Fridays Inc., the American casual dining chain, filed for Chapter 11 bankruptcy protection Saturday. The bankruptcy affects TGI Fridays’ parent company, which operates 39 restaurants, and not the franchisees that control the remaining locations. TGI Fridays is privately owned by TriArtisan Capital Advisors, a private equity firm, so financial results aren’t released. In September, TGI Fridays’ operations in the United Kingdom also ran into trouble. TGI Fridays joins Red Lobster and Buca di Beppo chains, both of which filed for Chapter 11 bankruptcy protection in recent months.
Persons: , , Rohit Manocha, ” John Bringardner, Tiffany, aren’t Organizations: New, New York CNN, CNN, TriArtisan Capital Advisors, It’s Locations: New York, Manhattan, United States, United Kingdom
Wendy’s is closing 140 restaurants
  + stars: | 2024-11-01 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Wendy’s is closing 140 restaurants in the coming months, the fast food chain announced this week. But the company said it would open an equal number of new locations in areas it believes can generate better business for Wendy’s. “Overall, Wendy’s system is incredibly healthy.”This round of closures are in addition to 100 closings that Wendy’s announced in May. Despite the rounds of closures, the overall number of Wendy’s, which stands at about 6,000 in the US, isn’t shrinking. Other chains recently announced closures of underperforming locations, including Denny’s and Shake Shack.
Persons: New York CNN —, Kirk Tanner, Tanner, , Wendy’s “, , Wendy’s, WEN, SpongeBob, ” Tanner Organizations: New, New York CNN, Wendy’s Locations: New York
America is obsessed with Chili’s
  + stars: | 2024-10-30 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —People apparently can’t get enough of the Big Smasher burger, $6 margaritas and Triple Dipper combination platters at Chili’s. The meal deal is now 11% of Chili’s business, with sales soaring 70% over the last year. The Triple Dipper is “very relevant with younger guests and how they prefer to eat with more variety, customization and experiential flavors through our wide variety of dips,” Hochman said. The Triple Dipper is a staple on TikTok, with customers filming their combinations and raving about it. Meanwhile, McDonald’s was seeing its fortunes recover because of the $5 meal deal, but its momentum was stunted because of an E. coli outbreak.
Persons: , Brinker, Kevin Hochman, Chili’s, , Hochman, Don Julio, margarita, McDonald’s Organizations: New, New York CNN, Triple, Brinker Locations: New York, Chili’s, Placer.ai, United States
Hasan then asked Phillip, “Did your guest just say I should be killed on live TV?” Girdusky responded by falsely equating Hasan’s Palestinian support with the terrorist group Hamas. You know that,” Phillip told Girdusky. Girdusky said he apologized because he thought Hasan said he supported Hamas, a claim Philip and Hasan dismissed. After the show, Gurdusky posted on X, “Apparently you can’t go on CNN if you make a joke. “This joke does not reflect the views of President Trump or the campaign,” Trump campaign spokesperson Danielle Alvarez said in a statement to CNN.
Persons: New York CNN —, Abby Phillip, , Mehdi Hasan, Ryan Girdusky, , Hasan, Phillip, ” Girdusky, ” Phillip, Girdusky, Philip, It’s, Gurdusky, Donald Trump’s, Tony Hinchcliffe, Hinchcliffe, Trump, ” Trump, Danielle Alvarez Organizations: New, New York CNN, New York CNN — CNN, CNN, ” CNN, America, Madison Locations: New York, Lebanon, Israel, Puerto Rico
New York CNN —Starbucks is eliminating its controversial olive oil-infused drinks from the menu, less than a year after they made their nationwide debut. “Rather than a flavor or a product, it’s really a platform.”Oleato was the brainchild of former CEO Howard Schultz, who got the idea after meeting with an olive oil producer who introduced him to the practice of consuming a tablespoon of olive oil each day. A pair of reviewers posted a video titled “We Tried Starbucks Olive Oil Coffee Drinks and Seriously Regret It.” Others had mixed feelings , but concluded that the drinks seem more like a stunt — something worth trying but not necessarily worth coming back for. The Oleato menu consists of two drinks: an oat milk latte infused with the extra virgin olive oil; and a toffee nut iced shaken espresso with golden foam, which is vanilla sweet cream infused with extra virgin olive oil into a cold foam. Schultz was effusive about the launch, and it was one of his most high-profile projects before leaving his position.
Persons: Brian Niccol, nix, Niccol, we’ve, ” Brady Brewer, , Oleato, Howard Schultz, Schultz, Laxman Narasimhan, ” Narasimhan Organizations: New, New York CNN, Starbucks, CNN Locations: New York, Canada, Italy
New York CNN —A broken McDonald’s McFlurry machine, arguably one of life’s greatest nuisances, has finally been solved thanks to a court ruling. McDonald’s franchises haven’t been able to fix the soft serve ice cream machines on their own because manufacturing company Taylor owns the copyright and exclusive rights to fix the machines — until now. The inability to make timely fixes has been a bane of the customers’ existence, so much so, that there’s a third-party website called McBroken.com that tracks their availability. Broken ice cream machines have been such a blemish on McDonald’s reputation that even competitors mock them for it. And perhaps a fix can’t come quick enough: Nearly 15% of ice cream machines are broken as of Monday, according to McBroken.
Persons: haven’t, Taylor, iFixIt, Meredith Rose, ” Rose, McDonald’s, Taylor didn’t Organizations: New, New York CNN, United States Copyright, Public Locations: New York
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