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☆ The designer of the ‘Bushwick Birkin’ is rewriting the rules of fashion
▼ + stars: | 2023-12-04 | by ( Ramishah Maruf | Clare Duffy | ) edition.cnn.com time to read: +13 min

By contrast, even the most expensive Shopping Bags often cost less than $300. Telfar Clemens at the CFDA x Vogue Fashion Fund 'Americans in Paris' event, Paris Fashion Week, France in March 2018. Maker of the ‘Bushwick Birkin’“This Telfar bag imported. The Covid-19 pandemic sent the popularity of the Shopping Bag to new heights — new bag releases announced online sold out in minutes. ‘For everyone’In 2015, Telfar had an unusual partner at New York Fashion Week: fast-food chain White Castle.

Persons: Bella Hadid, Alexandria Ocasio, “ Abbott, they’re, Birkin, ”, Telfar Clemens —, ” Clemens, Clemens, He’s, Telfar, Telfar Clemens, Hagop Kalaidjian, Clemens “, Lois Sakany, Beyoncé, Gonzalo Marroquin, Patrick McMullan, Solange Knowles, David X Prutting, Bushwick Birkin, —, Adrienne Jones, Samia Laaboudi, Edward Berthelot, Chanel, Laticha Brown, ’, Robert F, Kennedy, Babak Radboy, “, It’s, Elliott Jerome Brown Jr, ” Sakany, Sakany, Pratt’s Jones, Radboy, ” Telfar, DiCianno, Jones, ” Jones, it’s Organizations: New, New York CNN, Rep, ABC, Brooklyn, tote, Gay Times, Fund, Paris, CNN, Liberian, New York’s Pace University, Breakfast Club, of Fashion Designers of America, Vogue, Guggenheim Museum, ” Pratt Institute, Security, New York, Reuters, Analysts, Bag Security, Fashion Institute of Technology, White, Kennedy Human Rights Liberty, Justice Fund, Old, Fast Locations: New York, Alexandria, Cortez, Bushwick, Brooklyn, Paris, France, New York City, Liberian, Queens, Liberia, United States, USA, . Clemens

☆ Chinese hot pot chain Haidilao puts viral dance on menu
▼ + stars: | 2023-12-01 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —What is better than a warming meal of hot pot? A catchy dance routine to go with the Chinese cuisine, according to hot pot chain Haidilao. Haidilao, China’s largest hot pot chain, has recently offered a new dance performance as part of the dining experience across its 1,400 branches. It all started with a comment on a local Chinese online forum. And since hot pot is considered a communal experience, the restaurants sometimes offer plush toys as companions for solo diners.

Persons: ”, “, Haidilao, ” Haidilao Organizations: Hong Kong CNN, Jimu, CNN, Staff Locations: Hong Kong, Guangxi, Weibo, Britain

☆ Red Lobster’s endless shrimp deal was too popular, company says
▼ + stars: | 2023-11-29 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

Business tends to slow down at Red Lobster locations during the third and fourth quarters, so its parent company, Thai Union, launched a new promotion. For $20, customers could eat as much shrimp as they wanted. The idea was to bring some traffic,” Garnier said on the call. It’s become one of the most iconic promotions at Red Lobster, Garnier said, but to keep it on the menu there has to be some changes. And what is the price point we’re offering for this promotion,” Garnier said.

Persons: Ludovic Garnier, alfredo, ” Garnier, It’s, Garnier Organizations: New, New York CNN Locations: New York, Thai Union

☆ McDonald’s is investing more in China to tap ‘tremendous opportunity’
▼ + stars: | 2023-11-21 | by ( ) edition.cnn.com time to read: +2 min

McDonald’s has struck a deal to ramp up its stake in its China business to just under 50% and expressed confidence in its growth prospects in the world’s second-largest economy. The deal to acquire investment firm Carlyle’s 28% holding in the burger chain’s China business, which also includes stores in Hong Kong and Macau, will see McDonald’s stake rise to 48%. Since 2017, the number of McDonald’s stores in China has doubled to 5,500 and the country has become its second-largest market. In contrast to McDonald’s, US meat and processed food maker Tyson Foods plans to sell its China poultry business, sources have said. British consumer goods maker Reckitt Benckiser in 2021 sold its China infant formula and child nutrition business to investment firm Primavera Capital.

Persons: McDonald’s, “, ”, Chris Kempczinski, Carlyle, Trustar, Jim Sanderson, Benckiser Organizations: Northcoast Research, Tyson Foods, Primavera Capital Locations: China, Hong Kong, Macau, CITIC, British

☆ McDonald’s Growing Appetite for Fashion
▼ + stars: | 2023-11-15 | by ( Kyle Macneill | ) www.nytimes.com time to read: 1 min

Jeremy Scott had just started interviewing for the job of creative director at Moschino when he had an epiphany of sorts while driving through Los Angeles. “I saw the iconic McDonald’s logo,” Mr. Scott said, “and it just hit me: Moschino, McDonald’s.”“I’ve always been very much about pop culture,” he added. He got the job at Moschino not long after, and he then began to work with its graphics team to contort the fast-food chain’s golden arches into the shape of a heart, a signature motif of the Italian fashion brand.

Persons: Jeremy Scott, “, Mr, Scott, “ I’ve Locations: Los Angeles, Moschino

☆ This iconic jingle is making a comeback, and you won’t be able to get it out of your head
▼ + stars: | 2023-11-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

The jingle, last used in the mid-2000s, became an earworm for anyone watching TV during the ’90s when it seemingly blanketed the airwaves nonstop. Chili’s is hoping that nostalgia will draw renewed interest in the restaurant chain that’s in the midst of a turnaround. The new TV ad, featuring Boyz II Men singing a modernized version of the jingle, will also be promoted on social media this month. “It feels natural for us to rerelease the ‘Baby Back Ribs’ jingle and pay homage to Chili’s legendary menu item in a nostalgic way,” the group said in a release. The latest version is the “biggest rerelease of Chili’s iconic earworm yet and doesn’t stray too far from the original version,” the chain said.

Persons: Boyz, Guy Bommarito, Chili’s, Bommarito, ”, Kevin Hochman, Brinker, Hochman, they’re “ Organizations: New, New York CNN, GSD, Brinker International, KFC, Brinker Locations: New York

☆ Waikiki hotel is ditching the Trump name
▼ + stars: | 2023-11-13 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —The number of Trump Hotels continues to dwindle, with the chain’s Hawaii resort the latest to ditch the tarnished name for a less politicized brand. The Trump International Hotel Waikiki is joining Hilton and will no longer have the former president’s name attached to it. In February 2024, the 38-floor hotel will be called the Wākea Waikiki Beach, as part of the Hilton LXR collection of high-end resorts. Trump troublesWith the departure of its Hawaiian hotel, the number of Trump Hotels and Resorts is down to just eight across the world. The Trump hotel in Las Vegas — a hotel condominium of which Trump owns half — had misleading financial statements between 2013 and 2021, the suit alleges, due to income projections based on the sale of residential units that assumed prices much higher than what units were selling for, among other reasons.

Persons: Hilton, “, ”, Jason Grosfeld, It’s, Letitia James, Trump, James, Ivanka Organizations: New, New York CNN, Trump Hotels, Trump International, Hilton, Trump Organization, Irongate, Trump, Resorts, New York Locations: New York, Hawaii, Beach, Hawaiian, TripAdvisor, SoHo, Toronto, Washington, Panama City, Panama, Vancouver, Vegas, Las Vegas

☆ GOP lawmakers call for VA to slash reliance on China for medical supplies
▼ + stars: | 2023-11-08 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —A pair of Republicans leading powerful House committees are calling for the Department of Veterans Affairs to speed up efforts to decrease the agency’s reliance on China for medical supplies, CNN has learned. The Covid-19 pandemic laid bare a dangerous vulnerability in America’s medical supply chains that resulted in shortages of masks, respirators and other life-saving gear. “The COVID-19 pandemic exposed the national security and public health risks of failing to guarantee adequate medical supplies. As the biggest buyer of medical supplies among federal agencies, it has considerable influence. Congress has attempted to take steps to boost the resilience of the nation’s medical supply chain by easing dependence on goods from less friendly nations like China.

Persons: Mike Gallagher, Mike Bost, Denis McDonough, Bost, Gallagher, “, ” Terrence Hayes, Joe Biden, Health Richard Stone, ” Bost, McDonough, Democratic Sen, Tom Carper, Republican Sen, Thom Tillis, ” Organizations: New, New York CNN, Department of Veterans Affairs, CNN, Veterans ’, Chinese Communist Party, CCP, Department of Veteran Affairs, Defense Department, Department of Homeland Security, Department of Health, Human Services, Republicans, Health, World Trade Organization, Congress, Democratic, Republican Locations: New York, China, United States, America, Covid, Mexico, Malaysia

☆ Pricey lattes helped boost Starbucks sales
▼ + stars: | 2023-11-02 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

New York CNN —Extra shots, cold foam, oat milk and sugary syrups — coffee snobs might turn their noses up at Starbucks’ custom, often wildly indulgent, lattes and cappuccinos. High-priced lattes and customized drinks helped lift the coffee chain’s US sales in the quarter ending on October 1, the company said Thursday. In North America, sales at Starbucks-operated stores open at least 13 months jumped 8% in the quarter, driven mostly by people spending more per visit. Starbucks’ financial results beat Wall Street’s expectations, sending shares of the company up about 11% Thursday. But as Starbucks customers are shelling out more for ever-more elaborate drinks, other consumers are pulling back.

Persons: Rachel Ruggeri, Ruggeri, Laxman Narasimhan, “, ”, we’ve, Taco Bell, McDonald’s, Narasimhan, we’re Organizations: New, New York CNN, Starbucks, ”, Investors Locations: New York, North America, China

☆ Chipotle’s Labor Costs Are Rising. Customers Will See It in Pricing.
▼ + stars: | 2023-11-01 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

A law in California raising the hourly minimum wage for fast-food workers to $20, starting in April, will increase Chipotle’s labor costs in the state on average by 15% to 20% next year. Photo: Justin Sullivan/Getty ImagesChipotle Mexican Grill is expecting a significant bump in labor costs next year because of a new law in California. Starting in April, minimum wage for fast-food workers in California will increase to $20 an hour, up from the state’s current hourly minimum wage of $15.50. The law applies to fast-food chains with at least 60 national locations and will come as the state’s minimum wage is set to rise to $16 an hour in January. Chipotle currently pays California workers in the high teens, around $17 to $18 an hour, said Chief Financial Officer Jack Hartung.

Persons: Justin Sullivan, Chipotle, Jack Hartung Locations: California

☆ Taco Bell is gaining ground as people look to save on food
▼ + stars: | 2023-11-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

Taco Bell hasn't been hurt by customers trading down. Bing Guan/Bloomberg/Getty ImagesAt Taco Bell, customers can buy a combo meal, including a fountain drink, burrito, taco and cinnamon twists for dessert, for about $5. Taco Bell’s website shows a cheesy bean and rice burrito; spicy potato soft taco; and cheesy roll-up available for $1 each. And in the third quarter, customers didn’t only go for the cheapest items, helping keep the Taco Bell’s margins high. Taco Bell is also benefiting from people searching for less expensive food options, Gibbs said.

Persons: it’s, Taco Bell, ”, David Gibbs, Bing Guan, Gibbs, Michael Skipworth, Ian Borden, “ We’ve, Chris Kempczinski, ” Kempczinski, Denny’s, Robert Verostek Organizations: New, New York CNN, Taco Bell, Yum Brands, KFC, Taco Bell’s, Bloomberg, Getty, Bell, Bell’s, Taco Locations: New York, Bell’s, McDonald’s

☆ Taco Bell’s battle to free the ‘Taco Tuesday’ trademark is officially over
▼ + stars: | 2023-10-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

Taco Bell didn’t reveal if a financial settlement was involved. “The response we’ve seen over the last six months since taking action to free ‘Taco Tuesday’ is the exact reason we felt it was worth freeing it in the first place,” Taco Bell’s chief marketing officer Taylor Montgomery told CNN. However, Gregory’s owners proved harder to persuade, and they said that Taco Bell made them “look bad” during an August giveaway of free tacos. “For Gregory’s Restaurant and Bar, ‘Taco Tuesday’ brought a lot of pride over the past 40 years,” said co-owner Gregory Gregory. Therefore, I am not surprised that the Gregory’s waived the white flag and surrendered its trademark registration.”Gregory’s surrender marks the final hurdle of Taco Bell’s legal battle of eliminating the trademark from its two holders.

Persons: Taco, New Jersey —, Taco Bell, Bell, Taylor Montgomery, ’, ”, Gregory Gregory, “, Josh Gerben, would’ve, ” Gerben, David Gibbs Organizations: New, New York CNN, Taco Bell, CNN, Yum Brands, ‘ Taco, ” Locations: New York, New Jersey, Somers Point , New Jersey, Bell’s, Mexican

☆ Dollar General brings former CEO Todd Vasos back to lead the struggling retailer
▼ + stars: | 2023-10-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Dollar General has brought back its former chief executive in an attempt to revive its struggling business. On Thursday, the discount chain announced that it had reinstated Todd Vasos as CEO, replacing Jeff Owen. Shares of Dollar General, which have been under pressure this year, surged in after-hours trading Thursday after the announcement. Earlier this year Dollar General workers protested over unsafe working conditions at the store.. Conversely, during Vasos’ seven years as CEO, Dollar General more than doubled its market capitalization.

Persons: Todd Vasos, Jeff Owen, Vasos, Owen, ”, Michael Calbert, Neil Saunders, Oppenheimer, Rupesh Parikh Organizations: CNN, “

Tokyo/Hong Kong CNN —A Japanese sushi chain targeted in a spate of pranks that has sparked concern over hygiene has devised a digital conveyor belt to serve food to customers. The chain had been subject to a string of pranks dubbed “sushi terrorism” since the start of the year. Inspired by viral online videos, pranksters filmed themselves licking shared soy sauce bottles or tampering with food rotating on conveyor belts at the chain’s restaurants. Three Sushiro outlets have been fitted with the new digital conveyor belts. The student from western Hyogo prefecture said he would miss the convenience of being able to pick up sushi directly from the conveyor belts, if they are eventually phased out completely.

Persons: Hong Kong CNN —, —, Akindo, pranksters, Sushiro, ”, Alessio Procopio, Hideki Organizations: Hong Kong CNN, Police, NHK Locations: Tokyo, Hong Kong, Osaka, Nagoya, Gifu, Japan, Hyogo

☆ National Cheeseburger Day: Where and when you can find the best deals and specials
▼ + stars: | 2023-09-18 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

But on Monday, in honor of National Cheeseburger Day, McDonald’s customers will be able to get a double cheeseburger for just 50 cents, only 45 cents more than what the chain’s original hamburger cost in 1948. According to the company’s official website, a McDonald’s cheeseburger typically can cost as low as $1 and as high as $2.79. And Burger King would likely be forced to abdicate his throne if the monarch did nothing for National Cheeseburger Day. Loyal customers who join the chain’s Royal Perks program will get a free cheeseburger — but only if they spend at least a dollar. Many burger chains have offered deals on National Cheeseburger Day in past years.

Persons: you’d, McDonald’s, Burger, Krystal, Carl’s Organizations: New, New York CNN, Royal Locations: New York

☆ Former Starbucks CEO Howard Schultz steps down from board of directors
▼ + stars: | 2023-09-13 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks announced Wednesday that Howard Schultz is stepping down from its board of directors – but the former chairman’s name will be sticking around. Though Schultz is retiring, Starbucks is giving him the title of “lifelong Chairman Emeritus.”Schultz is stepping down as part of a planned transition, Starbucks said in a statement. He previously stepped down as CEO in March, as employees at stores across the nation moved to unionize. That was Schultz’s third time serving in the CEO role. Then, in April 2022, Johnson stepped down and Schultz took over the coffee giant as interim CEO.

Persons: Howard Schultz, –, Schultz, ” Schultz, Sheri, Wei Zhang, Zhang, Ralph Lauren Corporation, Jack Ma, ”, Laxman Narasimhan, “, Kevin Johnson, Johnson, Narasimhan Organizations: New, New York CNN, Starbucks, Alibaba, Alibaba Pictures, Los Angeles Sports & Entertainment Commission, Amblin Partners, Jack Ma Foundation, Starbucks Workers Locations: New York, China, Oleato

☆ Dunkin’s newest pumpkin drink contains actual donuts
▼ + stars: | 2023-09-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Dunkin’ is elevating the pumpkin drink wars with, what else, donuts. The drink, called “Ice Spice Munchkins Drink,” is a collaboration with rapper Ice Spice and perhaps Dunkin’s biggest fan, actor Ben Affleck. Dunkin rolled out its fall-themed menu in mid-August, a few weeks before Starbucks added its pumpkin spice latte to menus. On Tuesday, Wendy’s began selling for a limited time a pumpkin spice-flavored Frosty, a new flavor to its menu, and a pumpkin spice-flavored cold brew coffee drink, which uses the same syrup from the pumpkin spice Frosty. Dozens of other food products, from pumpkin spice Oreos to beer, hot chocolate mix and even protein powder have crammed into the market.

Persons: New York CNN — Dunkin, Ben Affleck, ” It’s, Affleck, Dunkin, Wendy’s, Dunkin ’ Organizations: New, New York CNN, Starbucks Locations: New York

☆ Hailey Bieber and Justin Bieber’s donut run embodies their wildly different styles
▼ + stars: | 2023-09-01 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —Opposites are said to attract, but the poles between Hailey and Justin Bieber couldn’t be further apart — at least sartorially. Was Hailey off to a sophisticated dinner and drinks, while Justin had just nipped out for a packet of M&Ms and some laundry detergent? Hailey, on the other hand, has worked to market herself as a modern-day It Girl, a title which unsurprisingly demands a captivating wardrobe. Justin and Hailey’s clashing ensembles sparked a thorny discussion on the semiotics of dressing as a pair. Had Justin committed to a pair of slacks or a button-down, his partner could have had her moment with no distractions.

Persons: Hailey, Justin Bieber couldn’t, Alessandra Rich, Justin, Robert Kamau, ong, ustin, ike y ou’re, J Organizations: CNN, ust Locations: New York

☆ Why do we say tall instead of small? How Starbucks created its own language for ordering coffee
▼ + stars: | 2023-08-27 | by ( Ellie Stevens | ) edition.cnn.com time to read: +5 min

When Starbucks was first founded in 1971, customers would walk in and ask for coffee beans: no modifications or refreshers. The shop featured a menu with the “Starbucks language” customers are familiar with today, including drinks such as espressos and lattes. Short and tall are other terms associated with the Italian coffee bar concept, used to describe the size of the drink. However, not everyone has embraced the Starbucks language. “I refuse to use Starbucks sizing.

Persons: Charles Lindsey, ” Lindsey, Howard Schultz, ”, Megan Adams, Schultz, Il Giornale, Giornale, Lindsey, “, Adams Organizations: New, New York CNN, Starbucks, University at Buffalo Locations: New York, Italy, United States, Iowa

☆ Subway has sold itself to a private equity firm
▼ + stars: | 2023-08-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. “This transaction reflects Subway’s long-term growth potential, and the substantial value of our brand and our franchisees around the world,” Subway CEO John Chidsey said in a statement. However, the Wall Street Journal reported the purchase price was “around $9.6 billion,” which would be slightly below the chain’s $10 billion asking price. Despite the sales turnaround, the number of US Subway stores declined to 20,576 last year according to Technomic. Another issue for Roark: Yearly sales at Subway US restaurants are still much lower compared to its sandwich-making rivals.

Persons: Roark Capital, ” Roark, Auntie Anne’s, Carvel, John Chidsey, Roark, Roark’s, Dunkin ’, Jimmy John’s, “ Roark, ”, Neil Saunders, GlobalData, ” Saunders, Trevor Haynes, He’s, Douglas Fry Organizations: New, New York CNN — Subway, Roark, Subway, Buffalo Wild Wings, Sonic, ” Subway, “, Wall Street Journal, ”, Inspire Brands, Inspire, US Subway, QSR Magazine, Jersey, Subway’s North Locations: New York, North America, Subway, Subway’s North America, Canada

☆ Conservative activist sues major law firms for providing diversity fellowships
▼ + stars: | 2023-08-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —The conservative activist behind the Supreme Court case that struck down affirmative action in college admissions this year is suing two international law firms for providing diversity fellowships. Corporate diversity programs have come under fire lately from conservative politicians and activists. The group has also sued Target for allegedly destroying shareholder value through its Pride-themed clothing, and it has sued Kellogg for diversity programs. Yet studies have shown that DEI programs and initiatives have demonstrated cultural and economic benefits. Affirmative action and diversity program advocates fear that conservative action against those programs could block career opportunities for people of color.

Persons: Perkins Coie, Morrison, Foerster, Perkins, ”, “, ” Morrison, White, Edward Blum, Blum, Trump, Stephen Miller, Kellogg, Ron DeSantis Organizations: DC CNN, American Alliance for Equal Rights, CNN, Apple, Google, Starbucks, Procter, Gamble, American Medical Association, Bureau of Labor Statistics, Census, Harvard College, University of North, Legal, National Center for Public, Research, Conservative, America, Legal Foundation, Amazon, Florida Gov Locations: Washington, Dallas, Miami, University of North Carolina, Spokane , Washington, Texas, Florida

☆ Dunkin is releasing spiked versions of their iced coffees and teas
▼ + stars: | 2023-08-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +6 min

After setting the internet abuzz last week, Dunkin’ will officially announce Monday the debut of Dunkin’ Spiked Iced Coffees and Iced Teas, which are both scheduled to roll out in the coming weeks. The two malt-based beverages, scheduled for an early September release, will feature eight flavors between them, all based on the chain’s iced coffee and tea flavors. Last year, Pabst Blue Ribbon axed their hard coffee flavor drink because of poor sales. The slightly sweet ice tea flavor is being sold in a six-pack of 12-ounce cans and a single 19.2-ounce cans. Dunkin' Spiked iced tea is coming out in late August.

Persons: New York CNN —, Dunkin ’, Dunkin, RTDs, ” Duane Stanford, ”, Samuel Adams, Dave Williams, Bump, ” Dunkin, Scott Murphy, ” Stanford, “, Bravo’s, Brian Gilbert Organizations: New, New York CNN, Beverage Digest, CNN, Boston Beer Company, Bump Williams Consulting, Pabst, Ribbon, Molson Coors, La, Dunkin Locations: New York, Kahlua, Florida , Massachusetts, Texas, England

☆ Grocery prices rose in July
▼ + stars: | 2023-08-10 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN —Grocery prices ticked up 0.3% in July, after staying flat in June, driven largely by rising beef prices. Uncooked beef steaks prices rose 2.3% and uncooked ground beef rose 1.5%. Tyson (TSN) reported that while its prices for pork and chicken were down in the quarter ending in July, beef prices went up. Altogether, grocery prices rose 3.6% for the year, higher than the overall 3.2% increase of consumer prices — but not by much. What’s going on with menu pricesIn the month of July, menu prices rose a tiny bit, just 0.2%.

Persons: Joe Raedle, ”, Donnie King, Tyson, Bread, Rice, Sweets, Milk, WEN, Papa Johns, Rob Lynch, “, we’ve, I’ve, Lynch Organizations: New, New York CNN, Bureau of Labor Statistics, TSN, USDA, Burger, Papa Johns Locations: New York

☆ Here's what CEOs are saying about consumers this earnings season
▼ + stars: | 2023-08-08 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Consumers have more cash on hand now than before the pandemic, according to a July analysis from the JPMorgan Chase Institute. So, what do corporate earnings reveal about the health of the consumer? “The consumer is in good financial shape, particularly the premium consumer base that we target,” Ed Bastian, chief executive of Delta Air Lines (DAL), said last month. “Both the lower-income consumer and our higher-income consumers are showing really good strength,” said Brian Niccol, chief executive of Chipotle, during the company’s post-earnings call. “The macro effects of higher inflation and a slowing US economy have put increased pressure on the price-sensitive consumer,” said Chip Bergh, chief executive of Levi Strauss.

Persons: Taylor Swift’s, ” Ed Bastian, ”, Robert Jordan, “ We’re, Laxman Narasimhan, Chipotle, Brian Niccol, Levi Strauss, LEVI, Chip Bergh, “, Tarang Amin, Zachary Kirkhorn, Peter Valdes, Kirkhorn, Tesla, Elon Musk’s, Vaibhav, Read, Jennifer Korn, it’s, Google Organizations: CNN, JPMorgan Chase Institute, Airlines, Consumers, Delta Air Lines, DAL, Southwest Airlines, Papa Johns, Apparel, Tesla, Google Locations: United States, Pacific, Papa Johns ’ North, bitcoin

☆ Papa Johns’ prices are driving some customers away
▼ + stars: | 2023-08-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

New York CNN —Consumers are pulling back on discretionary spending, and Papa Johns is taking a hit. Lynch joined Papa Johns (PZZA) in 2019. The vast majority, roughly 2,900 out of about 3,400 total North American Papa Johns restaurants, are franchised, according to the company. Sales at Papa Johns locations open at least a year fell in the second quarter. But now, they’re pushing back – and not just at Papa Johns.

Persons: Papa Johns, ”, Rob Lynch, “, we’ve, I’ve, Lynch, American Papa Johns, Luke Sharrett, Papa, Kraft Heinz, Oscar Mayer, Kraft, Miguel Patricio, ” Patricio, George Frey, James Quincey, Steven Cahillane, “ We’re, ‘, ’ ”, ” Lynch, it’s Organizations: New, New York CNN, American Papa, Papa Johns, Bloomberg, Kraft Mac, Kraft Locations: New York, Papa Johns, Capri Sun, Philadelphia, Europe

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