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Jan 3, 2013

Family Dollar everyday item sales hit profit, stock off

By Lisa Baertlein

(Reuters) – Family Dollar Stores Inc (FDO.N: Quote, Profile, Research, Stock Buzz) posted a lower-than-expected quarterly profit on Thursday, sending its shares tumbling 11.8 percent as its push to sell more everyday items including soft drinks and cigarettes attracted more customers but hurt profitability.

The company also lowered its forecast for the year and said December sales, which came in after the quarter ended, were hurt as shoppers limited their discretionary spending.

Dec 26, 2012

Starbucks to use cups for ‘fiscal cliff’ message to US lawmakers

Dec 26 (Reuters) – Starbucks Corp will use its
ubiquitous coffee cups to tell U.S. lawmakers to come up with a
deal to avoid going over the “fiscal cliff” of automatic tax
hikes and government spending cuts.

Chief Executive Howard Schultz is urging workers in
Starbucks’ roughly 120 Washington-area shops to write “come
together” on customers’ cups on Thursday and Friday, as
President Barack Obama and lawmakers return to work and attempt
to revive fiscal cliff negotiations that collapsed before the
Christmas holiday.

Dec 26, 2012

Starbucks to use cups to send “fiscal cliff” message to lawmakers

By Lisa Baertlein

(Reuters) – Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) will use its ubiquitous coffee cups to tell U.S. lawmakers to come up with a deal to avoid going over the “fiscal cliff” and triggering automatic tax hikes and spending cuts.

Chief Executive Howard Schultz is urging workers in Starbucks’ roughly 120 Washington-area shops to write “come together” on customers’ cups on Thursday and Friday, as U.S. President Barack Obama and lawmakers return to work and attempt to revive fiscal cliff negotiations that collapsed before the Christmas holiday.

Dec 20, 2012

US men take holiday shopping to the edge

By Lisa Baertlein

(Reuters) – For many U.S. men, it is all-or-nothing time for holiday shopping. Either they have already done all their shopping, or they have completed none of it, a Reuters/Ipsos poll shows.

Eighteen percent of all respondents said they had done no holiday shopping, unchanged from a survey the previous week. But more of the men were shopping laggards: 20.6 percent of them compared with 15.6 percent of women said they still had bought no gifts.

Dec 19, 2012

Men take holiday shopping to the edge: Reuters/Ipsos

By Lisa Baertlein

(Reuters) – For many men, it’s all or nothing time for holiday shopping. Either they have already done all their shopping, or they have completed none of it, a Reuters/Ipsos poll shows.

Eighteen percent of total respondents to the survey said they had none of their holiday shopping done, unchanged from a survey the previous week. But more men were shopping laggards – with 20.6 percent versus 15.6 percent of women saying they still had bought no gifts.

Dec 19, 2012

U.S. men take holiday shopping to the edge-Reuters/Ipsos

Dec 19 (Reuters) – For many men, it’s all or nothing time
for holiday shopping. Either they have already done all their
shopping, or they have completed none of it, a Reuters/Ipsos
poll shows.

Eighteen percent of total respondents to the survey said
they had none of their holiday shopping done, unchanged from a
survey the previous week. But more men were shopping laggards -
with 20.6 percent versus 15.6 percent of women saying they still
had bought no gifts.

Dec 17, 2012

McDonald’s COO urges franchisees to open on Christmas: Ad Age

LOS ANGELES (Reuters) – McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) is urging U.S. restaurant owners to take the unusual step of opening on Christmas Day to deliver the world’s biggest hamburger chain with the gift of higher December sales, AdvertsingAge reported on Monday.

The request – which comes as McDonald’s tangles with resurgent rivals such as Wendy’s (WEN.O: Quote, Profile, Research, Stock Buzz), Burger King (BKW.N: Quote, Profile, Research, Stock Buzz) and Yum Brands’ (YUM.N: Quote, Profile, Research, Stock Buzz) Taco Bell chain – would be a break from company tradition of closing on major holidays.

Dec 10, 2012

McDonald’s November restaurant sales rebound

Dec 10 (Reuters) – McDonald’s Corp’s sales at
established restaurants rose more than expected in November as a
renewed emphasis on low-priced food helped the company bounce
back from a rare decline in October, it said on Monday.

Still, analysts said it was too early to say that the
world’s biggest restaurant chain, known for its french fries and
Big Macs, had regained its strong lead over rivals.

Dec 6, 2012

Yum tweaks China growth plans, targets more Pizza Huts

NEW YORK, Dec 6 (Reuters) – KFC and Pizza Hut parent Yum
Brands Inc on Thursday said it is rethinking where it
opens new restaurants in China and accelerating openings of its
high-margin pizza chain in that country, where business has
slowed.

Yum said rents and labor costs have gone up in China’s
largest cities, hurting restaurant profitability.

Dec 5, 2012

Starbucks CEO says in talks on UK tax payment

By Lisa Baertlein

(Reuters) – Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) Chief Executive Howard Schultz on Wednesday said the coffee chain is in talks about paying income taxes in the UK, despite the fact the company has not made a profit in that market for many years.

“We are engaged in discussions to make a contribution – despite the fact that we have not made a profit – that would legally put us in a position to pay income taxes,” Schultz said in an interview with Reuters.

    • 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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