Chipotle’s first decade was nothing short of spectacular. Since it went public in January 2006, sales at Chipotles open at least 13 months have exclusively gone up. The growth in some quarters was more impressive than in others. But for 10 years, when the end of a three-month period rolled around, Chipotle had only good news for investors.
The dream of McDonald’s all-day breakfast is real, and it keeps getting better. Starting Feb. 1, McDonald’s will introduce the syrupy-sweet McGriddles as well as biscuit sandwiches to its all-day menu at 72 restaurants in Tulsa, Oklahoma, the AP reports. The company plans to test the expanded menu for two to three months, but told the AP it’s “too premature to talk about next steps.”
What good is being immersed in nature without constant access to high-speed Internet?
Membership in America’s corporate elite comes with not just a hefty compensation package but an abundance of perks.
Lyft drivers will not be reclassified as employees.
Go figure. In October, McDonald’s debuted all-day breakfast across the US—and just like that, that the long-ailing company produced its best quarter in four years. The rebound makes all-day breakfast, which McDonald’s itself identified as ”the primary driver” of its results, a rare silver bullet for a beleaguered corporation. And it probably has you wondering: Why didn’t McDonald’s do this sooner?
It’s now been a little over three months since McDonald’s introduced all-day breakfast—the menu addition that customers had long clamored for—across the US.
Maybe you realized it while staring regretfully at a fridge of only ketchup, beer, and expired milk. Or maybe you didn’t want to brave the pre-onslaught lines at Whole Foods to stock up. Whatever the reason, here you are, preparing to place an online Seamless order that will require another human being to venture into a godforsaken blizzard to deliver your food.
Airbnb has traditionally downplayed its competition with the traditional hotel industry. That’s because Airbnb is usually positioned as a lodging alternative for leisure travelers (i.e., you and your friends on vacation in Europe), while core hotel consumers tend to be businesspeople (McKinsey consultants on a project in New Orleans). Even as Airbnb’s listings have topped 2 million, and its valuation $24 billion, hotel stalwarts have clung to the notion that on the most fundamental level, their businesses don’t compete.
It’s becoming clear that General Motors views Uber—and the “sharing” economy more generally—as a very specific threat to its business.
This post has been corrected.
China has been a very sore spot for KFC since the third quarter of 2014, when sales plunged 14% due to a tainted meat scare.
Uber established this summer that it knew how to play New York City politics. But now it’s proven itself a master.
In its ongoing quest to regain consumer trust following a series of health scares, Chipotle plans to close all of its stores for a few hours on Feb. 8 to discuss food safety with its employees.
If you’ve been meaning to sign up for Amazon Prime but just haven’t gotten around to it yet, you’re in luck: Amazon is dropping the price of its signature membership program to $73 for this weekend only.
Several months after E. coli first cropped up in Chipotle’s stores, the chain is revealing some of its plans for bringing back wary customers. Spoiler: It’s going to be expensive.
Consult the fine print on Uber’s new earnings guarantees for drivers in more than 100 US and Canadian cities where the ride-hailing service cut fares this month, and you’ll notice an interesting pattern.
Campbell Soup Company has a dilemma.
Nothing is sacred in McDonald’s quest to become a “modern, progressive” burger company. Not the dollar menu. Not the Hamburglar. Not even the signature red-and-gold coloring.
In 2015, the number of people driving for Uber in the US ballooned from 160,000 to more than 400,000. Lyft also added drivers. Airbnb signed up new hosts. Grocery-platform Instacart enlisted thousands more shoppers. Delivery service Postmates quadrupled its couriers.
In the latest sign that the on-demand economy is taking its toll on traditional businesses, the biggest taxi company in San Francisco is reportedly close to filing for bankruptcy.
Chipotle warned in an SEC filing on Wednesday (Jan. 6) that its restaurant sales likely fell 14.6% in the fourth quarter. That’s several percentage points more than the 8% to 11% drop tied to a recent spate of E. coli scares which the company projected at the start of December.
Not long ago, Chipotle was the darling of America’s dining market. Throughout 2014, the burrito chain logged double-digit growth in comparable restaurant sales, while also cultivating loyalty and adoration among its fans. Fast food was out. Fast casual was in, and Chipotle was its standard-bearer.
Late last month, it was rumored that Uber-rival Lyft was seeking $1 billion in funding that would value it above $4 billion. On Monday, to kick off the new year, Lyft announced that it had closed the round at a $5.5 billion post-money valuation, with $500 million coming from a single source: General Motors.
