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Sep 9, 2014

McDonald’s August same-store sales fall across regions

Sept 9 (Reuters) – McDonald’s Corp on Tuesday
reported declining sales at established restaurants across all
regions in August, the fifth monthly drop since CEO Don Thompson
took the helm in July 2012, and warned a China supplier scandal
would cut into profits.

The company, which has been battling internal missteps,
competition and shifting consumer tastes, said the supplier
issue that crushed sales in China and Japan would reduce
third-quarter profit by 15 to 20 cents per share.

Sep 8, 2014

Starbucks goes coconuts in latest nondairy milk test

LOS ANGELES (Reuters) – Mooo-ve over milk, Starbucks Corp is testing coconut milk in stores in Los Angeles, Cleveland and Oregon as alternatives to traditional dairy products grow more popular.

A Starbucks spokeswoman declined to say how many stores were offering coconut milk. She added that the coffee chain is not testing almond milk, a popular nondairy option, at this time due to the “critically important safety of our customers with nut allergies.”

Sep 8, 2014

Record California walnut crop seen, analyst “alarmed” at water use

Sept 8 (Reuters) – California is forecast to produce a
record walnut crop this year despite the state’s severe drought,
and one analyst says some alarming water use practices have
contributed to the robust yields.

Almost all of the walnuts grown in the United States come
from California, where the 2014 crop is expected to be 545,000
tons, 11 percent bigger than last year’s, according to the U.S.
Department of Agriculture’s National Agricultural Statistics
Service. It also appears to be high quality.

Sep 5, 2014

Starbucks plans new store designs – upscale in Seattle, speedy in New York

By Lisa Baertlein

(Reuters) – Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) on Friday announced two new types of stores aimed at capturing the growing demand for upscale reserve coffee and a separate test of an “express” store in Manhattan offering speedy service in a city where a “New York minute” is more like a nanosecond.

The moves from the world’s biggest coffee chain come as it faces growing competition from high-end craft coffee sellers such as Stumptown Coffee Roasters, Blue Bottle Coffee and Intelligentsia, as well as from fast-food chains ranging from McDonald’s (MCD.N: Quote, Profile, Research, Stock Buzz) to Dunkin Donuts (DNKN.O: Quote, Profile, Research, Stock Buzz) to newcomer Chick-fil-A.

Sep 4, 2014

U.S. fast-food workers arrested in protests for wage hike

NEW YORK/LOS ANGELES, Sept 4 (Reuters) – U.S. fast-food
workers staged protests in some 150 cities on Thursday in a
fight for higher pay, and organizers said dozens were arrested
from Manhattan’s Times Square to Las Vegas.

About 400 protesters clogged Times Square during morning rush
hour in the latest of ongoing actions aimed at raising their
wage to $15 an hour.

Sep 3, 2014

Perdue Foods says its chicken hatcheries now antibiotic-free

Sept 3 (Reuters) – Perdue Foods said on Wednesday it has
stopped using antibiotics at its chicken hatcheries, completing
a five-year effort supported by consumer and health groups
seeking to curb the unnecessary use of antibiotics in meat
production.

The move comes amid growing concern among public health
experts worldwide about the link between excessive antibiotic
use in animal agriculture and human infections from
antibiotic-resistant bacteria, or so-called superbugs that do
not respond to conventional medical treatment.

Sep 2, 2014

Darden board nominees cede more ground to activist investor Starboard

Sept 2 (Reuters) – Olive Garden owner Darden Restaurants Inc
, in a concession to one of its largest shareholders,
Starboard Value LP, on Tuesday announced a revised slate of
director nominees that includes four new candidates, four
incumbents and four open spots for Starboard picks.

Analysts were divided on whether the move would satisfy
Starboard, an activist investor which for months has lobbied for
major change at the underperforming company, and prevent it from
seizing control of the entire 12-member board.

Sep 2, 2014

Darden’s board nominees cede more ground to activist Starboard

Sept 2 (Reuters) – Olive Garden owner Darden Restaurants Inc
, in a concession to activist investor Starboard Value
LP, on Tuesday announced a revised slate of director nominees
that includes four new candidates, four incumbents and four open
spots for Starboard picks.

Analysts were divided on whether the move would satisfy
Starboard, one of Darden’s largest investors which for months
has lobbied for major change at the underperforming company,
and prevent it from seizing control of the entire 12-member
board.

Aug 24, 2014

Dollar stores in battle to double down on the poor

By Jilian Mincer and Lisa Baertlein

(Reuters) – Like millions of Americans, Darnel Ware needs to save money, even if it’s 40 cents on a bag of flour.

He searches for those savings during his daily visits to the Family Dollar Store near his home in Fraser, Michigan,┬ásometimes stopping by as many as 10 times a week “if there are things I need,” said the 51-year-old home care provider. “I buy a lot of everything; merchandise and food products.”

Aug 24, 2014

Analysis – Dollar stores in battle to double down on the poor

By Jilian Mincer and Lisa Baertlein

(Reuters) – Like millions of Americans, Darnel Ware needs to save money, even if it’s 40 cents on a bag of flour.

He searches for those savings during his daily visits to the Family Dollar Store near his home in Fraser, Michigan,┬ásometimes stopping by as many as 10 times a week “if there are things I need,” said the 51-year-old home care provider. “I buy a lot of everything; merchandise and food products.”

    • About Lisa

      "Lisa writes about restaurants and grocery stores. She is based in Los Angeles and previously has covered computer software, Internet companies, video games, prescription drugs and municipal bonds."
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