Retailers, consumers and prices
Check Out Line: McDonald’s February sales rise
Check out McDonald’s overseas boost.
February sales at McDonald’s restaurants open at least 13 months rose 4.8 percent, even though such sales rose just 0.6 percent in the United States.
The world’s biggest hamburger chain attributed some of the gain to Chinese New Year celebrations. Same-store sales jumped 10.5 percent in the Asia/Pacific, Middle East and Africa (APMEA) region.
Meanwhile, Subway President Fred DeLuca said his sandwich chain hopes to match McDonald’s China store count in 10 years. Right now it has 150 stores in China. McDonald’s has more than 2,000.
David Keir, Subway’s development agent in Shanghai, said Subway was testing sandwiches such as Beijing roast duck and local sauces like hot spicy Szechuan sauce as it expands into different provinces.
Also in the basket:
Mayor Bloomberg Says a Soda Tax “Makes Sense” (New York Times)