Shop Talk

Retailers, consumers and prices

Check Out Line: America’s still got to eat

December 8, 2008

Check out those popular fast-food chains.

The recession might force consumers to skip meals at pricey restaurants, but it doesn’t seem to be hurting chains like McDonald’s.

Global sales at McDonald’s restaurants open 13 months or more jumped 7.7 percent in November.  Same-store sales rose 4.5 percent in the United States, where bargain hunters enjoy the Dollar Menu.  In November 2007, U.S. same-store sales rose 4.4 percent.

Of course, not everything can be bought for a buck.  McDonald’s recently raised the price of the Double Cheeseburger to $1.19 and brought out a $1 sandwich called the McDouble with one less slice of cheese.

Meanwhile, Wendy’s/Arby’s got a boost from major shareholder Trian Partners.  After a strong response to its tender offer, Trian is poised to hold a 21.6 percent stake in the restaurant company, up from 11.1 percent.

Also in the basket:

INTERVIEW-Nintendo Wii, DS sales strong despite economy

Teen retailer Hot Topic expands music focus (Billboard via Reuters)

INTERVIEW-Liz Claiborne CEO sees consolidation

U.S. apparel suppliers dwindling (WWD, subscription required)

(Reuters photo)

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •