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Search resuls for: "Danielle Wiener-Bronner"


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☆ Corporations are keeping food expensive because they can
  + stars: | 2023-03-08 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
To be sure, food manufacturers have to factor in costs of labor and transportation, which remain elevated compared with a few years ago. Anyway, it isn’t just food companies taking advantage of the inflationary moment. Many food companies are forecasting that they might slow down or pause price increases — but not lower them, Danielle explains. But [companies] have, I think, taken price increases that exceed that,” said Mark Lang, an associate professor of marketing at the University of Tampa who specializes in food marketing. Lower prices could, for example, make people think food quality has gone down — or make them think they were paying too much in the first place.
☆ Howard Schultz will testify
  + stars: | 2023-03-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: 1 min
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☆ Hershey launches vegan Reese’s
  + stars: | 2023-03-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
New York CNN —Vegan Reese’s are happening. Hershey, which makes Reese’s along with Hershey bars, Kisses and other chocolates and candies, announced two new dairy-free products on Tuesday: Reese’s plant-based peanut butter cups, and a vegan chocolate Hershey bar with almonds and sea salt, each made with oats instead of dairy and designed to taste like milk chocolate. The new Reese’s variety will be available nationally this month, and the new Hershey bar is arriving in April. The company is the latest to introduce a vegan chocolate in hopes that it will attract more customers. Mondelez (MDLZ) acquired Hu, a company which makes vegan chocolate, that year, as well.
☆ Girl Scouts’ sold-out cookie is available on eBay. The Scouts are not pleased
  + stars: | 2023-03-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
New York CNN —The Raspberry Rally Girl Scouts cookie, a raspberry-flavored version of the beloved Thin Mint, was always supposed to be a limited edition item. The new Girl Scouts cookie sold out in hours. But profits from the resale market don’t go to Girl Scouts, which said it was “disappointed” that the products are now available through other vendors. “Girl Scouts of the USA, your local Girl Scout council, and our licensed cookie bakers cannot guarantee the freshness or integrity of cookies bought through unauthorized sites.” To buy cookies from Girl Scouts directly, customers should use the Cooke Finder on the Scouts’ website, Girl Scouts said. “We strongly support the entrepreneurial spirit of hardworking local Girl Scout troops and encourage cookie-seekers to also support their local Girl Scouts,” eBay said in a statement to CNN.
☆ #BoycottHersheys spreads on Twitter over Women’s Day campaign
  + stars: | 2023-03-02 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
New York CNN —Calls to boycott Hershey are spreading on Twitter in response to the chocolate company’s International Women’s Day Canadian campaign, which includes a trans woman. It’s the latest example of a brand generating a strong but mixed reaction to a promotional campaign that touches on cultural or societal issues. Fae Johnstone, a queer, trans and feminist activist, posted about being included in the Her for She campaign in a series of tweets on Wednesday. On Thursday, some used #BoycottHersheys to voice their opposition to the campaign — while others used it to criticize the critics. In this campaign, Hershey tapped five women, including Johnstone, who are activists in their fields.
☆ Starbucks displayed ‘egregious and widespread misconduct’ in union fight, judge says
  + stars: | 2023-03-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +3 min
New York CNN —Starbucks has displayed “egregious and widespread misconduct” in its dealings with employees involved in efforts to unionize Buffalo, New York, stores, a National Labor Relations Board judge said in an order Wednesday. Starbucks workers attend a rally as they go on a one-day strike outside a store in Buffalo, New York, November 17, 2022. “I don’t think a union has a place in Starbucks,” Schultz recently told CNN’s Poppy Harlow. But we as a company have a right also to say, we have a different vision that is better,” he said. “This is truly a historic ruling,” Gary Bonadonna Jr., manager of the Rochester Regional Joint Board of Workers United, SEIU, said in a statement issued by Starbucks Workers United.
☆ Premarket stocks: Why the Fed is increasingly flying blind on the economy
  + stars: | 2023-02-27 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
But lately, some economists have begun to worry that the data on which Fed officials rely is becoming increasingly inaccurate. That causes more volatility in the incoming data and hence more volatility in markets, economists say. To what extent are declining response rates to surveys actually impacting the data we use? It is absolutely critical for the Fed and markets that the incoming data is as reliable as possible. Those earnings reached what Buffett called a “record” — $30.8 billion in 2022, topping the $27.5 billion in the prior year.
☆ Covid shrunk the restaurant industry. That’s not changing anytime soon
  + stars: | 2023-02-25 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +7 min
In 2020, Covid restrictions ground the nation’s bustling restaurant industry to a halt. Last year, there were about 631,000 restaurants in the United States, according to data from Technomic, a restaurant research firm. Meanwhile, restaurant operators are seeing their own costs, like rent and ingredients, rise, and say it’s hard to hire staff. With conditions so tough, some restaurant owners are advising newcomers to steer clear of the industry altogether. Daniel Jacobs, a chef and restaurant owner, has seen his own network of restaurants shrink over the past few years.
☆ Domino's stock tumbles 10% as delivery problems persist
  + stars: | 2023-02-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +3 min
“We experienced significant pressure on our U.S. delivery business in 2022,” CEO Russell Weiner wrote in a statement discussing financial results Thursday. Domino's said its delivery business struggled last year. “Every day, delivery customers will be deciding where to spend their hard-earned dollars. And it raised the price of its “mix and match” deal for delivery orders, but not carryout. And while staffing has improved somewhat, “there is more work to do on staffing that part of the business,” Weiner said of delivery.
☆ Starbucks’ new drinks have a spoonful of olive oil in every cup
  + stars: | 2023-02-21 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +9 min
There’s an Oleato latte with oat milk and olive oil, an Oleato ice shaken espresso with oat milk, hazelnut flavor and olive oil, and the Oleato golden foam cold brew, made with a version of Starbucks’ sweet milk foam infused with two olive oil servings. Starbucks Oleato drinks are made with exra virgin olive oil. Coming full circleLast year Schultz met olive oil producer Tommaso Asaro, who introduced him to the practice of consuming a tablespoon of olive oil each day. “He thought it was a little strange.” Asaro is the chairman of United Olive Oil, through which Starbucks is sourcing its olive oil. Howard Schultz and Tommaso Asaro, chairman of United Olive Oil, which produces the Partanna olive oil that Starbucks is using for Oleato.
☆ Howard Schultz: Unions ‘a manifestation of a much bigger problem’
  + stars: | 2023-02-21 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +10 min
New York CNN —Fifteen years ago, Howard Schultz reprised his role as Starbucks CEO, returning to the helm to help put the struggling company back on course. Even before he officially rejoined the company, Schultz was already alarmed by the union push. In the months since returning as CEO, Schultz has doubled down on his opposition to the union. “The fact that Starbucks workers are continuing to organize and win shows just how much workers need and desire a union,” Starbucks Workers United said in a statement to CNN. As a CEO, Schultz has been responding “very typically,” Givan said, in how strongly he’s opposed the union.
☆ Chick-fil-A opens NYC ‘break room’ for delivery workers
  + stars: | 2023-02-15 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +3 min
New York CNN —Covid spurred more people to order food out, making delivery workers busier than ever. Courtesy of Chick-fil-A, Inc.“For Chick-fil-A, the food delivery community has become an increasingly important part of each restaurant’s business,” the company said in a statement Wednesday. For Chick-fil-A, caring for delivery workers is also a way to protect the brand’s reputation. Mayor Eric Adams in October announced an initiative that will create hubs for delivery workers, turning empty spaces like vacant newsstands into rest areas. Adams noted at the time that “while most people have a break room to rest while at work, app-based food delivery workers do not.”
☆ Eggs are 70% more expensive than they were a year ago
  + stars: | 2023-02-14 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +3 min
In January, egg prices rose 8.5% compared to the month before, according to inflation data released by the Bureau of Labor Statistics Tuesday. In the wholesale market, egg prices hit a record peak in December and have been steadily falling since then. Julia Weeks/APAnd compared to other grocery items, egg prices rose most dramatically. Grocery prices in JanuaryIn the month of January, grocery prices went up 0.4% compared to December, adjusting for seasonal swings. Ham prices jumped 3%, citrus fruit jumped 2.8% and packaged cookies got 2.5% more expensive.
☆ M&Ms Super Bowl commercial: How ads have become weeks-long campaigns
  + stars: | 2023-02-12 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +7 min
The Super Bowl commercial, billed as the conclusion to weeks-long drama surrounding the status of the “spokescandies,” left some viewers scratching their heads. But if you weren’t paying attention, the final commercial might be a head scratcher -— one risk a brand takes when it uses a weeks-long campaign ahead of its Super Bowl commercial. In a change for the decades-old Super Bowl ad wars, it’s actually become a commonplace strategy to use social media to tease, preview and create buzz ahead of their Super Bowl commercials. Companies spend millions just for a Super Bowl ad slot — reportedly over $7 million for some 30-second spots — before investing into the commercials themselves. Dance contests and bettingDespite the high cost of a Super Bowl commercial, companies are eager to nab a spot.
☆ Coca-Cola partners with Rosalia on new drink
  + stars: | 2023-02-10 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +3 min
New York CNN —Coca-Cola is releasing a new limited-edition flavor, Coca-Cola Move, in collaboration with Grammy-award winning singer Rosalía. As with its other high-concept flavors, Coca-Cola isn’t sharing what Move is actually supposed to taste like. Coca-Cola partners with Rosalía on a new drink, "Coca-Cola Move". The Coca-Cola CompanyFor Coca-Cola, the limited-edition items are a way to build buzz around its core product, Coke. In June, it co-created a Coke drink with Marshmello, a masked celebrity DJ and electronic music producer.
☆ Eggs are crazy expensive. Plant-based alternatives think you should check them out
  + stars: | 2023-02-09 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +4 min
New York CNN —Egg prices are still high at the grocery store — so plant-based egg alternatives are using this moment to make their case. Brands like Just Egg and Zero Egg, which make egg alternatives, say they’ve seen momentum in January. For them, turmoil in the traditional egg market is the perfect opportunity to try to reach potential new customers and highlight the advantages of plant-based eggs. But they’re not interested in plant-based eggs — the texture and flavor is just not there for their needs, Tim Lu said. In the grocery store, egg prices remain elevated, Rispoli noted: “Grocers are not yet passing along those savings.”
☆ Premarket stocks: Meta wowed Wall Street, but investors remain skeptical about tech
  + stars: | 2023-02-02 | by ( Clare Duffy Nicole Goodkind | Clare Duffy | Nicole Goodkind | ) edition.cnn.com   time to read: +9 min
New York CNN —Thursday afternoon will round out what has so far been a sobering earnings season for the Big Tech giants. Alphabet’s revenue will likely remain flat from last year and Amazon’s sales are expected to grow just shy of 6% year-over-year. All three companies’ profits are expected to fall from the year-ago quarter, with Amazon set to suffer the steepest drop with a decline of 40.6%. Then came the press conference, which led to a steep divergence between what the Fed thinks and what the Wall Street thinks. A cautionary tale: In mid-November, Ticketmaster’s site overloaded when fans tried to purchase pre-sale tickets for Taylor Swift’s upcoming tour.
☆ Will Ticketmaster be able to handle Beyoncé going on tour?
  + stars: | 2023-02-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
In an Instagram post, the superstar posted simply “RENAISSANCEㅤ ㅤWORLD TOUR 2023.” Her website shows tour dates from May to September. Fans have been eagerly awaiting news of the tour, but many are already bracing themselves for a Ticketmaster disaster, following the recent Swift ticket debacle. On the Ticketmaster site, a search for Beyoncé tickets led to a page that says there are no upcoming events. Ticketmaster did not immediately respond to a request for comment on whether it would be selling tickets or if it can handle demand. In mid-November, Ticketmaster’s site overloaded when fans tried to purchase pre-sale tickets for just a handful of dates.
☆ Powerade is taking a jab at Gatorade with new formula and packaging
  + stars: | 2023-02-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +4 min
Powerade is taking on Gatorade with its new packaging. The unit now oversees the Powerade brand for Coke, and it has been making the changes — and spotlighting comparisons to Gatorade. Working together, “we can use, now, BodyArmor and Powerade as a one-two punch to beat Gatorade,” Muyshondt told CNN. Today, Gatorade controls about 63% of the US sports drinks market by volume, according to data from Euromonitor International. Coca-Cola’s strategy is about more than just gaining a bigger share in the sports drinks market.
☆ How M&M’s is making the most of its spokescandies controversy
  + stars: | 2023-01-25 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +6 min
Given the outsize attention, some think M&M’s announcement is a PR stunt to hype its upcoming Super Bowl commercial. M&M’s relatively subtle changes aimed at inclusivity didn’t seem like they were designed to spark much controversy, if any. At the Washington Post, for example, an opinion piece declared “the M&M’S changes aren’t progressive. “In the last year, we’ve made some changes to our beloved spokescandies,” M&M’s said. “The original colorful cast of M&M’s spokescandies are, at present, pursuing other personal passions,” Wesley said.
☆ Oreo's newest cookie is stuffed with Oreos
  + stars: | 2023-01-24 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
New York CNN —In the past, Oreo has partnered with Lady Gaga, Pokémon and Ritz on new limited-time flavors. The cookie brand’s latest limited-edition cookie is an Oreo stuffed with Oreos. Dubbed “the Most OREO OREO,” the cookie is made with the usual chocolate wafers, filled (to the “Most Stuf” extreme) with a creme that has Oreo bits mixed in, for a meta cookies-n-creme experience. Martha Stewart with the Most Oreo Oreo. On Monday, Stewart and McCallister will share their Oreoverse experiences on Oreo’s social media channels.
☆ M&M’S says its taking a ‘pause’ from polarizing spokescandies
  + stars: | 2023-01-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +3 min
“In the last year, we’ve made some changes to our beloved spokescandies,” the chocolate candy brand said in a statement Monday. The Green M&M, pre-makeover, is seen here in her go-go boots. Anthony Behar/Sipa USA/AP“[Rudolph] will serve as the brand’s new spokesperson, allowing the colorful cast of M&M’S spokescandies to step away and embrace a new path to pursue other passions,” An M&M’S spokesperson told CNN in an email. A petition to “keep the green M&M sexy” garnered over 20,000 signatures. Purple was recently deployed as part of a limited-edition pack of purple, brown and green M&M’S — the colors of the female spokescandies — in honor of International Women’s Day.
☆ Analysis: This guy made $150,000 a day, because Corporate America is out of control
  + stars: | 2023-01-23 | by ( Allison Morrow | ) edition.cnn.com   time to read: +7 min
I’m seeing the words “recession,” “crypto,” “debt ceiling,” the “M&M’s spokescandy scandals…”And yet, I am bound my duty as a journalist not to shy away from the hard candy shell news. I know, I know, you’re all tired of the media’s relentless coverage of the M&M Spokescandy Saga, aka the Culture War Battle that is shaping social discourse in the Year of Our Lord 2023. The company claims it didn’t think anyone would notice when it released the changes to the characters’ appearance. “We definitely didn’t think it would break the internet,” it said in a press release that frankly reeked of champagne and high fives. Oh you didn’t think anyone would notice, M&M marketing wizards?
☆ Here are the companies that have laid off employees this year
  + stars: | 2023-01-21 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +7 min
Tech firms went on a hiring spree. “Over the past two years we’ve seen periods of dramatic growth,” CEO Sundar Pichai said in an email to employees. The crypto brokerage announced in early January that it’s cutting 950 people – almost one in five employees in its workforce. Departments from human resources to the company’s Amazon (AMZN) Stores will be affected. They’re not in heavy people expansion mode every year,” CEO Andy Jassy said in a memo to employees.
☆ Best Buy and Dunkin' changed their rewards programs. Then came the backlash
  + stars: | 2023-01-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +5 min
CNN —If you want to earn rewards points at Best Buy, you’ll have to take out a Best Buy credit card to be able to redeem them. Starting next month, however, reward points will only be available to customers who hold a Best Buy credit card. Offering free rewards can be expensive for companies, and they are trying to control costs during a period of high inflation. The reaction to Best Buy’s move mirrored customer backlash after changes to Dunkin’ and Starbucks’ rewards programs last year. Dunkin’ said in October that it was replacing its old rewards program, DD Perks, with a new program called Dunkin’ rewards.
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