Does McDonald’s need to try to change the world to win back its customers? Mickey D’s, still reeling from reporting its steepest monthly sales decline in 14 years, has been reaching out to ad agencies and media companies looking for advice on what kind of charitable partnership it can work up to help it connect better with its customers (specifically “millennials”), the… 317 more words
Tags » Fast Casual
McDonald’s sales continued to slump in November, dropping 4.6% year-over-year in the US and 2.2% globally. The decline isn’t much of a surprise (McDonald’s has long been on the wrong side of what’s trendy among millennials), although it is… 237 more words
New data from Technomic forecasts a 2.3-percent unit growth rate over 2013 among the 500 largest US restaurant chains.
According to a news release, this will be slightly higher than the 2.1-percent growth rate from 2012-13 and much higher than the 0.5 percent rate in 2009. 432 more words
Destination salad chain Sweetgreen is set to announce this morning $18.5 million in Series E funding, led by Steve Case’s venture capital firm Revolution Growth. Other investors include Stonyfield Farm chairman Gary Hirshberg and restaurateurs Danny Meyer and Daniel Boulud. 655 more words