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May 21, 2015

McDonald’s shareholders approve new director-nomination rules

LOS ANGELES/BOSTON, May 21 (Reuters) – McDonald’s Corp
shareholders on Thursday approved a proposal that would
make it easier to nominate directors to the board of the
fast-food chain, which is in turnaround mode after losing
customers and sales to competition and after internal missteps.

Investor support for such new director nomination rules,
referred to as “proxy access,” is growing.

May 21, 2015

McDonald’s shareholders to weigh director-nomination rules

LOS ANGELES/BOSTON, May 21 (Reuters) – McDonald’s Corp
shareholders will vote Thursday on a proposal that would
make it easier to nominate directors to the board of the
fast-food chain, which is in turnaround mode after losing
customers and sales to competition and after internal missteps.

Investor support for such new director nomination rules,
referred to as “proxy access,” is growing.

May 20, 2015

Pension fund leaders challenge McDonald’s and others on buybacks

BOSTON/LOS ANGELES, May 20 (Reuters) – Four U.S. public
pension fund officials on Wednesday warned that McDonald’s Corp
and other companies may be jeopardizing their own
futures by returning excessive amounts of cash to investors via
share buybacks.

The statement by the fund officials marks the first time in
which some of the nation’s biggest institutional investors have
joined up to urge companies to rethink their focus on immediate
returns and aim for long-term growth.

May 18, 2015

SEIU seeks FTC probe of McDonald’s and other franchisors

LOS ANGELES, May 18 (Reuters) – The Service Employees
International Union, backer of a three-year campaign to improve
the plight of low-wage fast-food and retail workers, on Monday
petitioned the Federal Trade Commission to investigate alleged
abusive practices by major franchisors, including McDonald’s
Corp and 7-Eleven Inc.

SEIU’s petition outlined six U.S. franchisor practices it
called endemic and “particularly harmful” in the latest salvo in
a broad campaign to pressure McDonald’s Corp to improve working
conditions and raise wages for restaurant employees, who also
are seeking to unionize.

May 18, 2015

SEIU to ask FTC to probe alleged abusive practices by franchisors

LOS ANGELES, May 18 (Reuters) – The Service Employees
International Union, backer of a three-year campaign to improve
the plight of low-wage retail and fast-food workers, on Monday
said it would petition the Federal Trade Commission to
investigate alleged abusive practices by major franchisors,
including McDonald’s Corp and 7-Eleven Inc.

In its petition, reviewed by Reuters and expected to be
filed with the FTC on Monday morning, SEIU outlined six U.S.
franchisor practices it said appeared endemic and “particularly
harmful.”

May 8, 2015

Starbucks moves Ethos water bottling out of drought-hit California

LOS ANGELES (Reuters) – Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) on Friday said it would stop sourcing water for its Ethos Water brand in California, which is in the fourth year of a serious drought that has prompted the governor to order the state’s first-ever mandatory water use cuts of 25 percent.

Beginning in May and over the next six months, Starbucks said it plans to move production to its Pennsylvania supplier.

May 6, 2015

Whole Foods eyes new retail concept as sales growth cools

LOS ANGELES (Reuters) – Whole Foods Market Inc (WFM.O: Quote, Profile, Research, Stock Buzz) on Wednesday said same-store sales growth cooled in the latest quarter and announced plans to debut a new chain of smaller, more value-focused shops next year.

The company, which dominates the natural and organic grocery category, faces increasing competition from specialty and mainstream retailers. Whole Foods executives said the new stores will be designed for influential and tech-savvy millennial shoppers.

May 6, 2015

Whole Foods same-store sales growth cools, shares plunge

LOS ANGELES, May 6 (Reuters) – Whole Foods Market Inc
on Wednesday said same-store sales growth cooled in the
latest quarter, even as it cut prices further and rolled out its
first national advertising campaign.

Same-store sales, a closely watched performance gauge for
retailers, rose 3.6 percent for the second quarter ended April
12 from a year earlier. That was slower than the 4.5 percent
growth in the first quarter and less than the 5.3 percent gain
expected by analysts polled by Consensus Metrix.

May 6, 2015

McDonald’s Southern California restaurants testing kale

LOS ANGELES, May 6 (Reuters) – McDonald’s Corp,
which is testing a variety of new food products as part of a
major turnaround effort, on Wednesday said nine southern
California restaurants are trying out breakfast bowls made with
what is becoming a state dietary staple: kale.

One of the breakfast bowls is made with turkey sausage, egg
white, kale and spinach and the other includes chorizo and egg.
Both are priced around $4, McDonald’s spokeswoman Lisa McComb
told Reuters.

May 4, 2015

McDonald’s CEO turnaround plan’s missing link: customers

May 4 (Reuters) – McDonald’s new chief executive’s
turnaround plan for the fast-food chain included specific
financial fixes, but left investors and analysts craving a clear
strategy to win back diners and boost sales.

Steve Easterbrook, CEO of the Golden Arches since just March
1, said on Monday McDonald’s Corp would restructure into
four operating divisions, squeeze out about $300 million in
annual cost savings and sell 3,500 restaurants to franchisees.

    • 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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