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Search resuls for: "Danielle Wiener-Bronner"


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☆ KFC Germany apologizes for advertising a Kristallnacht promotion
  + stars: | 2022-11-10 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
New York CNN Business —KFC Germany apologized for an “unacceptable” message sent to customers on Wednesday, which appeared to tie a sales promotion to the annual commemoration of Kristallnacht. KFC app users in the country received a message encouraging them to mark the day with crispy chicken and cheese from KFC, according to Twitter users who shared screengrabs of the message in German. “Earlier today an automated push notification was accidently [SIC] issued to KFC app users in Germany that contained an obviously unplanned, insensitive and unacceptable message,” KFC Germany said in a statement emailed to CNN Business. KFC Germany didn’t confirm the language used in the alert. KFC’s message resulted in similar outrage among some German customers and has been widely criticized on social media.
☆ Here’s what’s getting more expensive at the grocery store
  + stars: | 2022-11-10 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
New York CNN Business —Food is still getting more expensive, but at a slower pace than earlier this year. The increases are less than the record highs clocked just a few months ago, but food prices are still outpacing the overall rate of inflation, which hit 7.7% for the year. Volatility in the grain market caused by the war in Ukraine as well as high energy prices, which impact fertilizer and transportation costs, are also raising food prices. What’s getting more expensive, and what’s getting cheaperIn the year through October, eggs got a whopping 43% more expensive. In October, some prices jumped compared to the previous month.
☆ Election Day deals: Donuts, pizza and cheap rides
  + stars: | 2022-11-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +4 min
New York CNN Business —It’s Election Day in America, and some companies are offering deals and freebies to mark the occasion, while others are giving employees time off to vote. Election Day is not a national holiday, though it is a public holiday in some states, so some government offices may be closed. Here’s what you can expect from Corporate America on Election Day, including what you can get for free, or at a discount, on Tuesday. And this year, it’s sending food trucks to polling sites in Philadelphia on Election Day. Changes to schedulesAcross the country, some companies give workers flexibility on Election Day to go to the polls.
☆ Adidas scoops up CEO who turned around rival Puma
  + stars: | 2022-11-08 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +3 min
London CNN Business —Adidas has appointed the head of Puma to succeed outgoing CEO Kasper Rorsted, betting on his ability to replicate its crosstown rival’s comeback. Norwegian Bjørn Gulden, 57, will become CEO of Adidas (ADDDF) on January 1, 2023, the German sportswear brand said in a statement on Tuesday. “As CEO of Puma, he re-invigorated the brand and led the company to record results,” Rabe added. Gulden takes over amid a deepening slump in Adidas’ home market of Germany and as inflation begins to weigh heavily on consumer spending globally. Chief financial officer Harm Ohlmeyer will lead Adidas until Gulden takes over.
☆ The chicken sandwich isn’t enough for Popeyes anymore
  + stars: | 2022-11-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
New York CNN Business —When Popeyes launched its crispy chicken sandwich in 2019, the menu item sold out in just two weeks. When it came back, it was a massive hit — the sandwich was so popular it helped lift sales for the chicken chain. Popeyes has sold nuggets and fish sandwiches modeled on the item to try to build off its success. But excitement around the chicken sandwich has faded. There are about 2,860 Popeyes locations in the US, and nearly 3,930 globally.
☆ Here’s why 75% of likely voters think we are in a recession — even though we’re probably not
  + stars: | 2022-11-03 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
New York CNN Business —A new CNN poll shows that three-quarters of likely voters feel like the US economy is in a recession. The technical definition of a recession is two consecutive quarters of economic contraction, which the US economy recorded in the first half of the year. Still, the economy feels bad to the majority of Americans ahead of next week’s midterms. But that’s still the highest since the early 1980s, and it’s the first time many younger people have ever experienced inflation. But that dip may not be enough to buy Democrats any goodwill among voters, given the elevated costs of every other necessity.
☆ Thanksgiving dinner will be a lot more expensive this year, report finds
  + stars: | 2022-11-02 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: 1 min
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☆ Kanye West: What took Adidas, Gap and others so long to cut ties?
  + stars: | 2022-10-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +6 min
New York CNN Business —Earlier this week Adidas ended its partnership with rapper and fashion designer Ye (who previously went by Kanye West). He even called out Adidas directly during a podcast appearance in which he made antisemitic comments, bragging the company would never cut ties with him. He referenced Adidas directly: “I can say antisemitic things, and Adidas can’t drop me,” he said. Gary Gershoff/WireImage/Getty ImagesAdidas didn’t announce it was severing ties with Ye until Tuesday, October 25, over a week after the podcast was released. Adidas said it will take a big loss in the fourth quarter because its cutting ties with Ye.
☆ As prices soar, consumers turn to McDonald’s
  + stars: | 2022-10-27 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +4 min
New York CNN Business —Inflation is relentlessly high and food prices in particular are soaring. In the third quarter, McDonald’s US prices were up about 10% year-over-year on average. McDonald's prices were up about 10% year-over-year in the third quarter. Some might also be trading down to McDonald’s from more expensive chains or restaurants as menu prices increase at a slower clip than prices in grocery stores. “We feel very good about … McDonald’s value proposition,” said CEO Chris Kempczinski during the call.
☆ Coke products might look a little different next year
  + stars: | 2022-10-25 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +3 min
To keep price-conscious customers in the fold, companies like Coke offer more packaging options. In the third quarter, the company introduced a value collection that offers customers products in a variety of sizes. Those items, available at some stores in the US, are “helping to retain and recruit more consumers while creating value for our customers,” Quincey said. (Coca-Cola also recently announced a change to the look of Sprite bottles, ditching its signature green for clear plastic, which is easier to recycle.) And it plans to continue to bolster Coke Zero Sugar, a growth driver, with more marketing and other innovations.
☆ Beyond Meat launches new steak product
  + stars: | 2022-10-24 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
New York CNN Business —Beyond Meat, the company known for plant-based burgers designed to look, taste and cook like meat, is getting into plant-based steak. But the new product, meant to mimic an expensive cut of beef, arrives as interest in the plant-based sector appears to be ebbing. Each 10-ounce package contains seared plant-based “steak tips” in bite-sized pieces, and is priced at $7.99. “Beyond Steak is a highly anticipated expansion of our popular beef platform,” said Dariush Ajami, chief innovation officer at Beyond Meat, in a statement announcing the new product Monday. The product “delivers the taste and texture of sliced steak.”Beyond Meat launched a new steak product, Beyond Steak.
☆ Low-price grocers like Aldi are winning as consumers trade down
  + stars: | 2022-10-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +6 min
New York CNN Business —With grocery prices soaring, consumers are changing the way they shop for food. “Inflation is hitting everyone.”More consumers are additionally switching over to store brands, also called “private label,” which are often comparable in quality and lower in price. “I don’t think you can underestimate the strength of all these private label offerings,” said Heather Lalley, editor in chief of Winsight Grocery Business, a trade publication. “Now we’re seeing other retailers trying to emulate them.”In September, for example, Kroger (KR) announced a new budget private label brand called Smartway, which consolidates some of its other private label brands under one umbrella. Aldi, for one, is rolling out a new tagline to explain what it’s all about: It’s An Aldi Thing.
☆ Dunkin’ is rolling out a new rewards program
  + stars: | 2022-10-06 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +3 min
New York CNN Business —Dunkin’ is replacing its old rewards program, DD Perks, with a new program called Dunkin’ rewards. Dunkin' is making changes to its rewards program. Now, Dunkin’ Rewards is replacing DD Perks entirely — those with DD Perks memberships will become Rewards members automatically. The coffee chain also teased a joint rewards program with other companies such as retailers and airlines. IHOP announced a rewards program in March, and McDonald’s (MCD) launched its first national rewards program last year.
☆ Food prices could rise higher after Hurricane Ian
  + stars: | 2022-09-28 | by ( Danielle Wiener-Bronner Matt Egan | Danielle Wiener-Bronner | Matt Egan | ) edition.cnn.com   time to read: +3 min
New York CNN Business —Hurricane Ian is the latest natural disaster to impact food prices. Florida is a leading citrus producer, including oranges and grapefruit. At least 75% of the Florida citrus belt is under threat of heavy flooding rains over the next 36 hours, according to satellite imagery provider Maxar Technologies. And the timing of the storm is difficult for farmers in Florida as citrus crops are nearing harvest season. Citrus production was already under significant pressure even before Hurricane Ian.
☆ Hurricane Ian could push food prices even higher
  + stars: | 2022-09-28 | by ( Danielle Wiener-Bronner Matt Egan | Danielle Wiener-Bronner | Matt Egan | ) edition.cnn.com   time to read: +3 min
New York CNN Business —Hurricane Ian is the latest natural disaster to impact food prices. Florida is a leading citrus producer, including oranges and grapefruit. At least 75% of the Florida citrus belt is under threat of heavy flooding rains over the next 36 hours, according to satellite imagery provider Maxar Technologies. And the timing of the storm is difficult for farmers in Florida as citrus crops are nearing harvest season. Citrus production was already under significant pressure even before Hurricane Ian.
☆ M&M'S is adding a new character
  + stars: | 2022-09-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +4 min
New York CNN Business —Earlier this year, Mars shocked the internet when it unveiled new looks for its M&M’S characters. Now, M&M’S is making another, bigger change — this time, it’s adding a brand new character to the mix. And customers will be able to buy purple M&M’S online, an option that was already available. But when it comes to a regular bag of peanut M&M’S, purple fans are out of luck. “Now we know for certain that M&M’S is a cultural icon.”So when it came to the new purple character, Hwang said, M&M’S didn’t take the reaction to Green into account.
☆ Food prices are soaring, and that's changed how we eat
  + stars: | 2022-09-24 | by ( Danielle Wiener-Bronner | Cnn Business | ) edition.cnn.com   time to read: +9 min
Food prices have spiked 11.4% over the past year , the largest annual increase since May 1979, according to data released in mid-September by the Bureau of Labor Statistics. Grocery prices jumped 13.5% and restaurant menu prices increased 8% in that period. With food prices soaring, people are changing how they shop and eat. Even for those not at risk of hunger, the surges in food prices are jarring. "I saw the food prices going up, and I realized that it was going to quickly overwhelm our budget," she said.
☆ Food prices are still soaring — here's what's getting more expensive
  + stars: | 2022-09-13 | by ( Danielle Wiener-Bronner | Cnn Business | ) edition.cnn.com   time to read: 1 min
New York (CNN Business) Inflation may be slowing, but food prices are still through the roof. Americans browsing the supermarket aisle will notice most food items are far more expensive than they were a year ago. Egg prices soared 39.8%, while flour got 23.3% more expensive. Chicken prices jumped 16.6%, while meats rose 6.7% and pork increased 6.8%. Overall, grocery prices jumped 13.5% and restaurant menu prices increased 8%.
☆ Why Coca-Cola doesn't want to tell you what's in those weird flavors
  + stars: | 2022-09-07 | by ( Danielle Wiener-Bronner | Cnn Business | ) edition.cnn.com   time to read: +5 min
Over the past several months, Coca-Cola has rolled out a number of curious products: Coca-Cola Starlight Byte and Dreamworld . "We're engaging with people," said Selman Careaga, global category president of Coca-Cola Trademark, which includes Coke drinks but not other Coca-Cola products like Fanta, Sprite or others. "Without a doubt, it's a Coca-Cola product." Developing new Coke flavors can be risky if they stray too far from the signature flavor, Stanford noted. "The longevity of the brand has been all about that very unique Coke taste," he added.
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