The inflationary 2020s mean fast food just isn’t cheap anymore
The all-American genre of fast food has historically been an inflation killer. Industrialization in the restaurant industry has lowered prices for consumers year after year ever since the first White Castle opened in 1921, signaling the beginning of the industry, and definitely since McDonald’s debuted in the early 1940s.
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Fitch flags Bed Bath & Beyond as higher default risk
Bed Bath & Beyond moved to the top tier of Fitch’s “top market concern bonds” watch list for potential default following the retailer’s recent disastrous financial results, Eric Rosenthal, the rating agency’s senior director of leveraged finance, tells Axios. Why it matters: Bed Bath & Beyond, as one of the remaining category killers in the…
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Bed Bath & Beyond turning off AC in stores to save money: report
Bed Bath & Beyond is making its customers and employees sweat these days. The struggling home goods chain — which reported a steep decline in sales last quarter — is turning down the air-conditioning in its stores in an effort to cut costs, according to Bank of America analysts who have visited the stores.
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China Edutech Surge Lures Investors as US Melts Down
The rapid revival of Chinese education companies’ business is boosting investor appetite for the stocks that bore the brunt of Beijing’s yearlong regulatory crackdown. A bellwether of the sector, New Oriental Education & Technology Group Inc., has almost doubled in the past 30 days, turning itself from one of the worst-performing US-listed Chinese stocks since…
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Lululemon raises full-year forecasts, unaffected by inflation, China curbs
Lululemon Athletica (LULU.O) on Thursday raised its full-year revenue and profit forecasts on strong demand for athleisure, and said the impact from COVID-19-related lockdowns in China was modest and more than offset by strength in other regions. Affluent U.S. customers have been helping the premium sportswear maker sustain the sales momentum it attained during the peak of…
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Grubhub Customers Learn There’s No Such Thing as a Free Lunch After All
Derived from M Science’s leading-edge data, the new platform provides daily, weekly, monthly and semi-annual visibility into competitive benchmarking and consumer behaviours. The new platform details customer spending patterns for more than 130 Global and Domestic Australian brands, including food delivery services, grocery stores, DTC platforms, sports betting and travel agencies. Companies include Just Eat,…
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