chew on this
Posted by Dale Buss on October 21, 2013 01:36 PM
Changes are coming to Chipotle, but management assures that it will all be worth it
The bottom line is that Chipotle CEO Steve Ells believes that the restaurant's formula of serving high-quality food at a quick pace, with natural ingredients and an overall better-for-you persona, will continue to be enough to help Chipotle out-pace growth by fast-casual rivals—and any other factor that comes its way.
But there will be adjustments for Chipotle along the way, Ells made clear in the company's latest conference call. And they will include a price increase of 3 to 5 percent next year for the first time in about four years. General food-ingredients inflation will play a role, Ells said, but so will completing Chipotle's efforts to weed out all GMO ingredients from its food-supply chain. (It doesn't choose to tackle GMO content in high-fructose corn syrup in popular soft drinks at this point.)
"What it will depend on is what happens with general ingredient inflation between now and then and what it costs us to remove GMOs from the rest of our igredients," Ells told analysts, adding: "We already have—and had for a long time—spent more money on our ingredients as a percentage of sales than our competitors or [any company] for which we have the records. And so we have high food costs, and that's not something that troubles us too much as long as we are able to [have] really high sales volumes in our restaurants."Continue reading...
Posted by Dale Buss on October 21, 2013 09:27 AM
Netflix poised to pass HBO in paid US subscribers.
Chipotle raises menu prices for '14 due to higher costs, GMO shift as it moves East with tofu burrito.
Under Armour opens store in Shanghai and seeks the next big thing with inventor competition.
AT&T receives $4.9 billion in cell-tower deal.
Amazon bets on "betas" to turn web viewers into shoppers.
Apple adjusts tablet strategy to protect lead.
Art Van Furniture extends Michigan based into Chicago market.
Associated Press plans to enable sponsored content.
BlackBerry raises Canadian security concerns with potential deal abroad.
Bon Appetit is magazine of the year for Advertising Age.Continue reading...
Posted by Dale Buss on October 18, 2013 09:22 AM
7-Eleven rebrands to target Millennials.
Nestle pledges zero waste in Europe by 2020.
Sperry Top-Sider unveils clothing line.
AT&T unveils $5 day-pass for tablet users.
Audi sees profit margin halving on investments in new models, report says.
Benjamin Moore stages "haunted hotel" stunt for painters.
Burger King names new CMO.
CVS unveils personalized circulars.
Dr Martens boots brand to be acquired by Permira.
eBay acquires Apple e-commerce exec.
Ford plans sneak peak for new Mustang.
Al Gore once tried to buy Twitter.Continue reading...
let's make a deal
Posted by Mark J. Miller on October 16, 2013 12:57 PM
When the Chicago Bulls take on the champion Miami Heat on Oct. 29 for the NBA season opener, viewers can be sure to have a hankering for a beefy, crunchy burrito or a sweet churro before the final buzzer sounds.
Taco Bell has been the official QSR partner of the league for the last four years and now the pair have announced an extension of that deal that includes prominent placement during telecasts and online through all of the NBA, WNBA, and D-League platforms.
The multiyear deal will also include a new digital/social media program on NBA.com and other platforms dubbed "Buzzer Beaters" that will aggregate video of game-winning shots, according to Ad Age.Continue reading...
Posted by Dale Buss on September 25, 2013 09:14 AM
Amazon debuts "native" video ads and launches new tablets while cutting Kindle Fire HD price.
Mondelez revamps its social media strategy.
Samsung to launch smartphones with curved displays.
AT&T launches mobile broadcast network and says it's open to European acquisitions.
Airbus wins plane orders from Chinese startups.
Alibaba heads for US with mammoth IPO.
Applied Materials to acquire Tokyo Electron in huge B2B deal.
BlackBerry shoves off bankruptcy questions.
Bob Evans sees disgruntled investor call for spin-off of restaurant division.
Carlsberg kicks off three-year partnership with Premier soccer league.
Carnival cuts outlook.Continue reading...
Posted by Dale Buss on September 10, 2013 01:42 PM
With the potential lack of any blockbuster new product on the horizon, McDonald's keeps repackaging and refining its existing menu in order to attempt to jolt stubborn sales in the US and elsewhere.
The latest twists: McDonald's burgers and chicken McNuggets packaged in a box for "multiple" consumption, and steak on breakfast sandwiches. "It's like they're throwing things at a wall to see what sticks," Sam Oches, editor of trade publication QSR, told USA Today. "It looks like another move on McDonald's part to redefine value."
Well, actually, the chain is throwing a bunch of stuff into what it calls the "Blitz Box": two Quarter Pounders with Cheese, two medium fries and 10 Chicken McNuggets with dipping sauces, a total of nearly 3,000 calories overall, for a price of $14.99. Blitz Box is a football-themed specialty tied to a local promotion with the Kansas City Chiefs and scheduled to extend through the Chief's NFL season.Continue reading...
Posted by Dale Buss on September 3, 2013 09:16 AM
Microsoft makes bold bid to catch up in mobile with $7B acquisition of Nokia's phone business, raising questions about future of Nokia brand.
CBS and Time Warner Cable reach deal to end blackout ahead of NFL kickoff, as the NFL prods long-time advertisers to up their game for start of season.
Taco Bell is named advertiser of the year by Ad Age.
Vodafone exit from US market with $130B Verizon Wireless sale isn't so simple for shareholders.
AT&T earns brand affection with "It's Not Complicated" campaign.
Cadillac emphasizes accessible luxury in new campaign.
Citigroup sheds its "alternative" investment holdings.
Dannon plans to return Oikos brand to Super Bowl advertising.Continue reading...
brands under fire
Posted by Sheila Shayon on August 29, 2013 12:03 PM
Fast-food workers in 50 US cities plan to walk off their jobs today in the latest—and largest—demonstration to pressure employers to allow workers to organize, and increase the minimum wage from $7.25 to $15 per hour.
While a movement has been building since last year, employers have witnessed a resurgence in the demands for greater pay and unionized benefits, with a multi-city protest organized at the end of July.
"The workers are responding to total failure on behalf of the federal government to raise the minimum wage to keep up with inflation and the cost of living," Tsedeye Gebreselassie, attorney at the National Employment Law Project, told Reuters.
Employees of McDonald’s, Wendy's, Burger King and other QSR companies will be joined in protest by retail employees from stores such as Macy's, Sears, and Dollar Tree.Continue reading...