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Franchising in the News
The Forzani Group Ltd. (TSX: FGL) is proud to announce the expansion of The Power of Sport for Kids community giving program to more of its corporate banners.
Previously exclusive to Sport Chek, customers and associates at Athletes World, Hockey Experts and Sport Mart stores can now contribute to this incredible cause as well, helping even more Canadian kids participate in sport and activity.
Shoppers Optimum, one of Canada’s most successful and valuable retail loyalty programs, will celebrate its 10th birthday this week, kicking off a month of unprecedented savings and celebrations for customers across the country. Beginning August 7, 2010, all Canadians are invited to join the party with weekly bonus offers, unique in-store promotions and prize opportunities at more than 1,180 Shoppers Drug Mart and Pharmaprix stores from coast to coast.
Wendy's, the restaurant that first brought the salad bar to quick service customers over 30 years ago, then pioneered the premium salad offering with their Garden Sensations line in 2002, is reinventing quick service salads once again. The new fresh and flavourful line-up - Apple Pecan Chicken, BLT Cobb, Spicy Chicken Caesar and Baja - is now available in stores nationwide.
The Boston Pizza Foundation, Jonathan Toews, and the FORE Kids Foundation today announced that they have raised more than $50,000 with the inaugural FORE KIDS Golf Classic. At the event, Jim Treliving, on behalf of the Boston Pizza Foundation, and Jonathan Toews each announced that they would both be contributing an additional $25,000, bringing the total raised to more than $100,000.
On Thursday August 12, 2010 all purchases of Dairy Queen Blizzards raised funds to help millions of sick and injured children at local children's hospitals across the country. More than 600 Dairy Queen (DQ) Canada franchisees participated in the eighth annual Canadian Miracle Treat Day, which raised over $2 million CDN for the Children's Miracle Network by donating all proceeds from Blizzard sales.
McDonald's Corporation announced today that Steve Easterbrook, currently President and CEO of McDonald's United Kingdom and President of Europe's Northern Division, has been named as McDonald's Executive Vice President and Global Chief Brand Officer.
&W Food Services of Canada Inc. launches a new national concept for urban areas with the opening of its restaurant at 778 Robson Street in Vancouver at 3pm PT today.
Since its founding as Canada's first drive-in chain in Winnipeg in 1956, A&W has continually re-invented itself. Today there are over 713 locations located in shopping malls or as free standing restaurants with drive-thru service. With more and more Canadians living and working in Canada's growing urban centres, this new "urban A&W concept", brings the iconic burger family and frosty mugs of legendary A&W Root Beer(TM) to a new group of customers.
A&W Food Services of Canada Inc. (TSE: AW. UN) celebrates its second annual Cruisin' for a Cause Day tomorrow to benefit and raise awareness for the Multiple Sclerosis Society of Canada. One dollar from every Teen Burger(R) sold across the country on Thursday, August 26 will be used to end MS.
As the popularity of gift cards continues to grow, and with gift card sales totaling more than $97 billion, Mucho Burrito is capitalizing on this expanding market.
The Canadian franchisor recently announced the launch of its reloadable gift cards. Available immediately, the gift cards are designed to ease the process for guests to make purchases online or in stores across North America.
The iFranchise Group, a leading franchise consulting firm based near Chicago, announced that it recently joined the Canadian Franchise Association. Company executives believe that the Canadian franchise market is one of great opportunity and potential for businesses of all types and sizes.
Global Franchise Group, LLC announced today that its wholly owned subsidiary for the Marble Slab Creamery brand has signed a master franchise agreement with Miteco Pacific for its expansion into Australia.
After nearly six years of exponential franchise growth in the United States, BrightStar, a full-service healthcare staffing agency that provides both medical and non-medical homecare, announces its expansion into Canada with the award of a Master Franchise.
Twenty-five years ago, IHOP's Rooty Tooty Fresh 'N Fruity debuted in a star-studded premiere, complete with Groucho Marx-style funny glasses. Along with other unforgettable pop culture classics from the year -- such as Back to the Future, Golden Girls, Sesame Street's Elmo and the hit song We Are the World -- this child of the '80s has only improved with age. Since it first arrived on IHOP menus, the iconic breakfast item has been center plate for millions of memorable occasions and life's everyday victories.
Stouffville’s Chris Hossein happened to log into Facebook as a commercial for the Harvey’s Burger With Your Name On It contest flashed across the TV screen.
The contest, held on the social networking site, asked users to submit names for Harvey’s premium burger, which debuted June 14.
Baskin-Robbins, the world's largest chain of ice cream specialty shops, today launched a new way for Baskin-Robbins Facebook fans to earn free scoops of ice cream. For a limited time, Baskin-Robbins Facebook fans can sign up for "Group Scoop" on Facebook™ and either start their own group or join someone else's. Once the number of people in a "Group Scoop" group reaches 31, the organizer and all 30 additional members will receive a coupon for a free 2.5 oz scoop of ice cream or a 3 oz swirl of Soft Serve®.
Boston Pizza franchisees Dave, Joan and Andy Staffen have been named to the restaurant chain’s inaugural Franchisee of Excellence group, recognizing the company’s top eight operators out of 340 locations in Canada. The award was announced at Boston Pizza’s annual franchisee dinner in Montreal.
With nearly 13% of Comox Valley residents currently 65 years or older the needs of local seniors are extremely important. To address the needs of this rapidly growing demographic, Nurse Next Door Home Healthcare Services, Canada's fastest growing in-home senior care franchise system, has launched a local franchise dedicated to the Comox Valley area.
Tim Hortons puts kids in soccer uniforms, sends some to camp – and sends their older siblings to college and university. Eight Barrie-area teens are among the 220 nation-wide who received $1,000 Tim Hortons scholarships, as they wrap up their summer and prepare to continue their education. In its sixth year, the program has assisted about 1,000 students.
On Thursday, September 16, 2010, M&M Meat Shops is encouraging Canadians to take time out of their busy schedules to participate in the Sixth Annual National Family Dinner Night that celebrates what matters most - spending quality time with family and friends. The importance of family dinners reaches far beyond simply sharing a meal together. Research shows that gathering around the table presents a valuable opportunity to interact, strengthen relationships and affirm the value of every individual in the family and their role in their community.
The Zajac Ranch for Children in Mission received a large donation last week, thanks to adults and kids in B. C. embracing their pirate side. White Spot Restaurants celebrated Pirate Pak day. Through sales and donations, a total of $40,822 was raised for the ranch – a charity dedicated to giving children with life-threatening illnesses and chronic disabilities a chance to enjoy a summer camp experience.
Mister Transmission announces that Mark Degli Angeli has been appointed as the new Director of Operations. Mark has been an employee at Mister Transmission for over 2 years in the role of the Regional Business Manager. His dedication and enthusiasm for the company has been proven to be successful in achieving the continued growth for the company.
Regis Corporation (NYSE: RGS), the global leader in the $150 billion to $170 billion hair care industry, today reported fourth quarter earnings per diluted share of $0.30. As expected, fourth quarter reported earnings per diluted share were reduced by $0.04 due primarily to non-operational income tax expense related to the third quarter Regis Salon division non-cash, goodwill impairment charge. Absent non-operational items, fourth quarter operational earnings were $0.34 per diluted share. A complete reconciliation of reported earnings to operational earnings is included in today's press release. A more comprehensive reconciliation is available on the Company's website at www.regiscorp.com.
The Melting Pot Restaurants, the nation’s largest fondue restaurant franchise based in Tampa, Fla., will host its inaugural 2010 Melting Pot Golf Classic Nov. 15 at 5700 Saddlebrook Way (Saddlebrook Resort) in Wesley Chapel to benefit St. Jude Children’s Research Hospital.
What if the health care and fitness industries merged to ensure that exercise was the most widely prescribed drug in the world? A partnership between Anytime Fitness, the world's largest co-ed fitness chain and the American College of Sport Medicine's Exercise is Medicine™ global initiative aims to do just that. During a time when the nation faces a serious health crisis, Anytime Fitness and Exercise is Medicine are teaming up in a joint promotion aimed at bridging the health gap that exists between the doctor's office and the gym.
Bert Heeringa, owner of the Courtenay Canadian Tire, is pumping his tires and shining his helmet for a very long bike ride. On Sept. 8, Heeringa is joining 15 other riders on a 1,000-kilometre trip that starts in Halifax, N.S. and ends in Charlottetown, P.E. I. His goal is to raise $5,000 for the JumpStart program, a Canadian Tire charity which funds sports programs for disadvantaged children.
Dollar Thrifty Automotive Group, Inc. (NYSE: DTG), is pleased to announce that its subsidiaries, Dollar Rent A Car and Thrifty Car Rental, have formed a new partnership with Ireland-based car rental technology firm, CarTrawler, to significantly expand the number of international Web sites the brands currently support. Dollar Thrifty Automotive Group has already upgraded and re-launched the first two sites, Prepaid.Thrifty.co.uk and Dollar.co.uk, on the new CarTrawler platform. Additionally, plans with CarTrawler include re-launching the Dollar and Thrifty Canada and Latin America sites by the end of the year.
Hundreds of business owners and marketing professionals around the world joined WSI, the world’s #1 digital marketing franchise, for an online training session this week to expand their knowledge on local search marketing strategies. The webinar, which was hosted by Thomas W. Petty, a WSI Consultant and Search Marketing Expert based in California, USA, was aimed at offering business owners easy-to-implement tactics for local search optimization. Some of the topics discussed include: the use of business mapping applications, leveraging online business databases, how to get listed online without a website and mobile local search strategies.
Petro-Canada’s Certigard stations are back on top of the Canadian auto industry in terms of giving motorists the best in repairs and maintenance, according to a comprehensive annual study. J. D. Power and Associates, a leading consumer research company, said Monday its latest study of responses from increasingly frugal customers revealed Certigard posted the highest satisfaction scores among 31 auto repair networks and manufacturer brand dealerships.
One local oil change business is going to the dogs - and cats. Five years after Jiffy Lube first came to the area, it recently invested $700,000 in a new look and efforts to enhance customer service. To celebrate, Jiffy Lube franchisee Heartland Automotive Services Inc. is having a grand re-opening of its 14 Boston-area stores and partnering with the local Humane Society.
MTY Food Group Inc. (TSX: MTY) is expanding its presence in Quebec through the acquisition of Groupe Valentine Inc., a quick service restaurant chain with 95 locations throughout the province. MTY will pay $9.3 million in cash to acquire the Valentine franchising business as well as seven real-estate properties and a distribution centre.
With an estimated 27 million Fantasy Football leagues worldwide, and more and more players and leagues signing up every day, what makes one league better than all the rest? As the Official Pizza Sponsor of the NFL, and a brand known for “Better Ingredients, Better Pizza,” Papa John’s is on a mission to determine just that.
WSI, the world’s #1 digital marketing franchise, announces today that it has been nominated to take part in Canada’s 50 Best Managed Companies program, a nomination received by CIBC Commercial Banking, one of the program sponsors. Every year, hundreds of entrepreneurial companies across Canada compete for this recognition, undergoing a meticulous selection process that evaluates the calibre of their management abilities and practices. This year, WSI has been selected to compete among Canada’s top companies for this designation.
WILD WING, an Ontario based company specializing in chicken wings, will have over 100 restaurants by year end. WILD WING plans to aggressively expand across Canada with a three year plan that will see over an additional 100 restaurants open across Canada. WILD WING strategic growth plan includes a minimum 10 store development deal in Alberta, at least 12 stores in BC, the Master Franchise rights within the province of Quebec as well as a 10 store development for the east coast of Canada. Furthermore this growth will add over 5000 jobs in the next 5 years.
Toronto, ON (Vocus) With the new school year fast approaching and preparations under way, students and parents alike have their hands full. To help with the transition and ease stress, Days Inns - Canada locations are once again offering a back-to-school special. Students and their families can receive a 15% discount off the best available rate when they make a reservation at daysinn.ca or 1 800 DAYS INN (329-7466) for stays between August 15 and September 15, 2010 by quoting corporate code 100000745.
IHOP, one of America's favorite restaurants for breakfast, lunch and dinner, has teamed up with Pepsi to give back to its communities as part of the Pepsi Refresh Project. Now through October 2 at participating IHOP Restaurants, purchase an ice-cold Pepsi beverage and Pepsi will make a donation (maximum $20,000 cumulative) to IHOP's national charity partner Children's Miracle Network.
The first Bâton Rouge Restaurant and Bar in Western Canada has opened in the new development of Quarry Park, located in the southeast region of Calgary.
“As a Canadian restaurant brand, Bâton Rouge is thrilled about its first restaurant opening in Western Canada,” Kevin Friesen, chief operating officer, Bâton Rouge restaurants, said of the Moncton, N.B. -based Imvescor Restaurant Group franchise. He added in a press release, “Bâton Rouge restaurants is currently offering interesting investment prospects as well as stimulating franchising opportunities. People can soon expect to see the Bâton Rouge name stretch from coast to coast.”
The latest addition to Guelph’s restaurant landscape is getting set to open at the end of August. Montana’s Cookhouse, a family-style restaurant specializing in ribs and steak, is located on Stone Road in the same plaza that currently houses Zellers and Canadian Tire.
SIGNARAMA Peterborough co-owner Morgan Smith knows the sign industry. After five years in the business, Smith realized one of his franchise’s most popular products was being under-used, even wasted and was left to face the sometimes brutal Canadian weather. “Pole banners are a great publicity tool for organizations and events,” Smith said. “however they are often time-stamped causing them to be out-dated and made essentially useless after the event happens.”
Kitchen Tune-Up, the leading kitchen and bath remodeling franchise, has recognized franchise owners in five states as Certified Home Improvement Professionals. Honored franchisees are Allen Cohen and Jane Albert of Newton, MA, Donna Erickson of Twin Falls, ID, Susan Johnson of Little Rock, AR, Russ and Pam Rysavy of Rapid City, SD, and Russ and Pat Widmer of Myrtle Beach, SC. The advanced home improvement and remodeling certification program for Kitchen Tune-Up franchise owners is designed to ensure the highest level of professionalism and expertise in the kitchen and bath remodeling industry.
Boston Pizza Royalties Income Fund (TSX: BPF. UN) says second-quarter net earnings grew to $5.2 million while same-store sales declined 1.1 per cent.
The fund, which licenses the Canadian trademark rights to Boston Pizza restaurants, said the quarterly results amounted to 35 cents per share.
Today, Pizza Hut will complete a global delivery to five countries totaling more than 900 pizzas. At 11:30 a. m. local time, Savvis, Inc. will reward more than 2,300 global employees with their favorite pizzas as recognition for all their work. The pizzas will be delivered to Savvis, Inc. employees in the United States, United Kingdom, Canada, Japan and Singapore.
Dunkin' Brands, the parent company of two of the world's most recognized and loved brands, Dunkin' Donuts and Baskin-Robbins, has announced the appointment of Ken Chaisson to the newly-created position of Vice President of IT, Retail Technology Deployment & Support Services.
Fog Cutter Capital Group Inc.' s (OTCBB: FCCG) Fatburger restaurant unit this week announced the opening of their first store in Kuwait City, to be followed by their second Jakarta location, scheduled to open the first week of August. The Kuwait City restaurant is the first of five locations planned for Kuwait with franchisee Nawaf Al-Sharekh of Universal Food Company, who added, "I'm very proud to partner with Fatburger and look forward to bringing "LA's Best Burger," as well as their quality shakes and fries, to our customers in this market.
Pizza Pizza Royalty Income Fund (TSX: PZA. UN) says its second-quarter profit was essentially unchanged as sales inched higher. The pizza restaurant operator said Wednesday it earned $4.71 million or 21.6 cents per unit in the second quarter, flat compared to earnings of $4.70 or 21.6 cents per unit a year earlier. Sales amounted to $110.5 million, up from $109.1 million in the second quarter of 2009.
Starting today, Pizza Hut® is joining with the break-through online-based If I Can Dream, which opens up and democratizes the Hollywood Dream, to give one lucky person $10,000 make their dream come true. Through September 25, Pizza Hut customers can watch the aspiring artists of the If I Can Dream cast pursue their dreams and then, in the spirit of the platform which puts the power in the hands of a global audience on an unprecedented scale, they can enter for a chance to fulfill their own.
Pizza Pizza’s new cheesy garlic bread has been launched in Kitchener, Waterloo and Cambridge, and customers from the test cities can get in on the action by naming the new creation. “The new product is really tasty,” says Pat Finelli, chief marketing officer for Pizza Pizza. “The Pizza Pizza team always appreciates the feedback we receive. That’s why we are asking our customers to submit creative and cheesy names for their chance at bragging rights while enjoying the taste test and brainstorming with friends.”
The SUBWAY® restaurant chain, which has made a commitment to make its restaurants and global operations more environmentally responsible, presented Sustainability Awards to three vendors at its annual convention, recently held in Chicago. The companies recognized are: Pactiv's PWP Industries of Vernon, California; Matosantos Commercial Corp. of Vega Bajam, Puerto Rico; and Closed Loop Recycling of Smithfield, Australia.
Summer's storms and high humidity can allow moisture to build up in your home, providing a great environment for molds to grow, according to PuroClean, a property damage restoration company with more than 300 franchise offices nationwide. PuroClean's certified technicians remind homeowners to be on the watch for signs of this potentially harmful and damaging organism in their homes.
Menchie's, the nation's fastest-growing retailer of self-serve frozen yogurt, today announced that it has signed a master franchise agreement in Japan, and expects to open its first store in the next few months, and 100 locations in Japan in the next four years. This continues the significant international expansion for Menchie's, having announced last month its entrance into the Canadian market. Menchie's currently has stores in 12 U. S. states, and intends to continue both national and international expansion.
Home Instead Senior Care, which has a branch in Mississauga, has launched a free program to help educate family members who care for seniors. Caring for Your Parents: Education for the Family Caregiver addresses senior resistance to care and features various topics such as choosing an in-home care provider, signs of aging, long-distance caregiving and communicating with aging parents.
Rental car company Hertz Global Holdings Inc. said on Tuesday that the Securities and Exchange Commission has approved its registration statement for its proposed purchase of Dollar Thrifty Automotive Group Inc., and that Dollar Thrifty has begun mailing its proxy statement to shareholders.
CKE Restaurants, Inc. reported Monday that it has appointed three board members who served as directors before it went private. CKE — which operates Carl's Jr. and Hardee's restaurants — said it has appointed Daniel E. Ponder Jr., Jerold H. Rubinstein and C. Thomas Thompson.
LOUISVILLE, Ky.--(BUSINESS WIRE)--To celebrate seven savory decades of KFC’s Original Recipe, the brand is serving up a world record-setting attempt highlighting the flavor of Colonel Sanders’ famed 11 herbs and spices. KFC will cook up more than 2,000 pounds of fried chicken and unveil it with a giant version of its iconic bucket as it attempts to set the world record for the largest ever serving of fried chicken – dishing up literally a ton of fried chicken. Free samples will be available for hungry KFC fans eager to help set the record during their lunch hours. The giant bucket for KFC’s record-breaking attempt will be filled in Louisville around noon on Tuesday, Aug. 17, at the popular Fourth Street Live! area. KFC supplier Pilgrim’s Pride donated the chicken for the world record breaking attempt.
SUBWAY® restaurants, the world's largest submarine sandwich franchise, and Sony Computer Entertainment America LLC, today announced a marketing alliance that will offer SUBWAY® diners and PlayStation fans the opportunity to instantly win PlayStation prizes including select products before they are available to buy in stores. The prizes will total more than 1 million dollars in retail value and will be awarded at the rate of one prize per minute during the promotion period.
Aberdeen, SD (Vocus) Each year national kitchen and bath remodeling franchise, Kitchen Tune-Up, awards a franchisee with their "Franny of the Year" award. Franchise owners from the United States and Canada compete for the award, which is regarded as the top overall franchise in the system. Franchises are judged according to performance in several categories, including: sales, customer service, and range of service offerings. This year, Allen Cohen and Jane Albert of Newton, Massachusetts received this prestigious award.
The Keg Royalties Income Fund (the "Fund") (TSX: KEG. UN) today announced that its August 2010 distribution of $0.1065 cents per unit has been declared and is payable to unitholders of record as at August 21, 2010. The August 2010 distribution will be paid on August 31, 2010. The Fund is a limited purpose, open-ended trust established under the laws of Ontario. The Fund indirectly owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. ("KRL") in its Keg Steakhouses & Bars. In exchange for the use of those trademarks, KRL pays the Fund a royalty equal to 4% of the sales of all Keg restaurants in the royalty pool.
There's help for local parents who are tired of packing a lunch for their kids. Meriel Batchelor is running a franchise called the Lunch Lady, which delivers hot, affordable lunches to Burnaby and New Westminster elementary schools. "It's a little break in the middle of the week, without costing an arm and a leg," said Batchelor, a mild-mannered British woman with red hair.
Canadian Tire South Point has selected Peace Arch Hospital and Community Health Foundation as its charity of choice. Over the last several months, fundraising efforts have helped secure close to $5,000 to benefit the foundation.
Once again, Expedia CruiseShipCenters will be giving away 25 FREE cruises this Fall during their annual Win 1 of 25 Free Cruises Contest. One cruise for two aboard one of Norwegian Cruise Line's colorful ships will be awarded each day for 25 consecutive days, beginning September 10th, 2010. Each prize includes a spectacular 4-day cruise to the Bahamas as well as all onboard meals, entertainment and non-stop fun!
In recent years, Hart Stores Inc., based in Laval, Que., has opened 14 stores in Ontario, moving in on the turf of discount retailer Giant Tiger Stores Ltd.
But now Ottawa-based Giant Tiger is roaring back, with plans to open four stores this fiscal year, after opening 15 of its 48 Quebec stores over the last five years.
Tim Hortons Inc., Canada's largest restaurant chain, posted a 21% rise in net income on Thursday and said it is selling its 50% inter-est in Maidstone Bakeries to its European joint venture partner Aryzta AG. Tim Hortons' shares jumped more than 6% to $37.63 on the Toronto Stock Exchange Thursday, following the announcements.
Canadian Tire Corp. reported a 15% rise in second quarter earnings Thursday on higher revenues and cost reductions. For the period ended July 3, the company posted profits of $120-million ($1.47 a share), compared with $103.7-million ($1.27) in the same period last year.
A mechanical engineer by training, Amit Chawla cut his teeth on international business with a decade of wide ranging automotive experience that included everything from project engineering and design to strategic business development. His employers included Tata Motors (India's largest automobile company), KYB (the world's largest supplier of shock absorbers) and Gestamp (a Spanish company that manufactures automotive metal components). Today, Chawla is bringing that collective business experience home in his new role as owner of MEDIchair Ottawa, a fast growing Home Medical Equipment (HME) business that is part of a national Canadian franchise network.
Boston Pizza Royalties Income Fund (TSX: BPF. UN) says second-quarter net earnings grew to $5.2 million while same-store sales declined 1.1 per cent. The fund, which licenses the Canadian trademark rights to Boston Pizza restaurants, said the quarterly results amounted to 35 cents per share. That compares to a lower profit of $4.8 million, or nearly 34 cents per share a year ago.
Wall Street is lukewarm on Tim Hortons (THI-T37.900.100.26%), a quick-service restaurant chain that sells baked goods, coffee and sandwiches. Of analysts covering the company, 36 per cent rate its stock "buy" and the remaining 64 per cent rank it "hold." Yet, the TheStreet's stock model ranks it as the top U.S. restaurant stock based on risk-adjusted performance.
A&W restaurants across Canada raised money Thursday with 'Cruisin' for a Cause'. Each A&W across the country donated $1 from the sale of every teen burger sold to the Multiple Sclerosis Society. Cranbrook A&W joined in with a car rally that featured vintage cars from the car club.
I wrote the past two columns on international franchise expansion from cafés in Istanbul and Cairo. What better places to consider the worldwide expansion, through franchising and licensing, of well-known brands? The two cities are so unlike their counterparts in North America, you gain a new perspective on international business.
More than 300 CARSTAR stakeholders recently gathered for the 13th annual CARSTAR Industry Conference at the Deerhurst Resort in Huntsville, Ont., bringing together leaders in the automotive and insurance industries to share ideas and best practices. The theme for this year's conference was 20-20 Vision, a reflection of CARSTAR's vision for change and adoption for future growth.
The manager of the Swiss Chalet restaurant on Prospect Street says he wants every child to feel good about going back to school next month. Through a promotion called Start off Right, Scott Wasylciw said he hopes to raise money to help local kids do some much needed back to school shopping. Today and Wednesday, one dollar from every entree sold at Swiss Chalet will go toward the Fredericton Food Bank to support local families struggling to buy school supplies.
To fill a flavour gap on its menu, Tim Hortons has introduced a cheddar cheese bagel and a new ad campaign from long-time creative agency JWT to support it.
It's generally taken as gospel that, in difficult economic times, the limited-service segment finds its niche and performs admirably. As travellers look to save money wherever possible, and invariably trade down, conventional wisdom dictates this market segment steps into the limelight, thanks to the boon from price-sensitive travel managers and vacationers.
McDonald’s lesson from July: If you want to start selling cold, fruity drinks, pick one of the hottest months in U. S. history. The fast-food giant posted its biggest monthly sales increase in more than a year as the fast-food chain’s new fruit smoothies and ice-cold frappes got a warm reception from customers. The increase shows just how much the behemoth is outpacing its competitors as customers keep flocking to the world’s largest hamburger chain while competitors post anemic U. S. sales. Shares touched an all-time high Monday morning.