Restaurants
Malls are using new restaurants to draw consumers as shopping centers reinvent themselves
Editor’s note: This is the third story in a three-part CNBC series about the future of U.S. shopping malls, as developers transform the spaces to add new retailers, experiences and even apartments. Read the first and second parts. Malls used to be the destination for the buzziest stores. Now they’re home to the hottest restaurants. The […]
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Starbucks union votes to authorize strike ahead of this year’s last scheduled bargaining session
A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America members in solidarity outside Netflix studios in Los Angeles on July 28, 2023. Mario Tama | Getty Images Starbucks Workers United said Tuesday that 98% of union baristas have voted to […]
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Why fast-food companies like KFC and Chick-fil-A are betting on chicken tenders again
Fast-food companies like Yum! Brands’ KFC and McDonald’s are getting back into chicken tenders as a way to attract consumers with a low-risk, high-reward bet on a familiar favorite. Nearly half of all fast-food restaurants served the chicken item as of the third quarter, up 5.7% from the same period in 2019, according to […]
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From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024
A “location closed” sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Patrick T. Fallon | AFP | Getty Images A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of customers who have grown […]
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Hershey stock soars on report of another Mondelez takeover attempt
The logo of Hersheys ,taken in Manhattan. Michael Kappeler | Picture Alliance | Getty Images Shares of Hershey climbed as much as 15% in morning trading on Monday after Bloomberg reported that Mondelez is attempting another takeover of the chocolate company. Hershey’s stock has risen 7% this year, raising its market cap to $40.49 billion. […]
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Constellation Brands’ stock falls as Trump tariff plan threatens to make Modelo and Corona more expensive
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images Shares of Constellation Brands fell 4% in morning trading after President-elect Donald Trump announced plans to place a 25% tariff on Mexican imports once he’s inaugurated. Constellation imports all […]
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Starbucks baristas can’t view their schedules after ransomware attack on vendor
The Starbucks logo is displayed above one of its cafes in London on Aug. 13, 2024. Hollie Adams | Reuters A ransomware attack on one of Starbucks‘ software vendors has disrupted how the coffee chain’s baristas view and manage their schedules, the company said Monday. Starbucks said it is working closely with the vendor to […]
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Can Starbucks fix long lines at its airport cafes?
Customers wait in a long line at a Starbucks cafe in a terminal at Miami International Airport, in Miami, Dec. 12, 2022. Jeff Greenberg | Universal Images Group | Getty Images Air travelers face a host of headaches on their journeys: slow security lines, long waits for plush lounges, the threat of delays or cancellations […]
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McDonald’s preparing a 2025 ‘McValue’ offering
A McDonald’s is seen in the Flatbush neighborhood in Brooklyn, New York City, on Oct. 23, 2024. Michael M. Santiago | Getty Images McDonald’s is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants. The company is working on a new “McValue” approach for […]
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Restaurant executives can’t wait for 2025 after slow traffic and wave of bankruptcies
A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images After a tough year for the restaurant industry, executives can’t wait for 2025 to start. “I don’t know about you guys, but I’m ready for ’24 to be behind us, and I think ’25 is going […]
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