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Starbucks Corp. said Thursday it is wiping its name from one of its Seattle-area stores and adding alcohol to the menu.
Whether sit-down or take-out, restaurant chains are finding the key to persuading people to spring for lunch these days is keeping the tab below $10.
In a story May 5, The Associated Press reported that Dunkin' Donuts will cut the prices of lattes in its New York, New Jersey and Connecticut stores. The story should have made clear that price cuts will be available only in stores in New York City and the counties closest to it in those three states.
Starbucks Corp. is hoping its Seattle's Best Coffee chain will be its growth engine during the recession.
Chief Executive Jim Skinner of McDonald's Corp., one of only two Dow companies whose stock rose in 2008, got a 70 percent boost in his compensation in 2008, according to an Associated Press analysis of a Securities and Exchange Commission filing Friday.
It's time again to make doughnuts.
Amber LaPointe's introduction to one of the country's greatest tourist attractions came from small square pictures on a white wheel.
Burger King Holdings Inc. is enjoying lower commodity costs this year but still expects the strong dollar to hurt its earnings, the company said Thursday as it affirmed its 2009 profit and sales outlook.
Higher banana prices weren't enough to outweigh dismal results in Chiquita Brands International Inc.'s salad group, leading to a sharply wider net loss in the company's fourth quarter.
Starbucks Corp. said Thursday it will unveil a new instant coffee as part of its attempt to turn around sluggish sales and shed its reputation for pricey lattes.
A robust dollar sounds like a good thing. But for U.S. companies that do a lot of business in foreign markets, it can turn seemingly strong overseas sales into much weaker ones.
Cash-strapped consumers kept buying McDonald's burgers and breakfast items in January, helping the fast food company post a 7.1 percent worldwide increase Monday in same-store sales for the month.
Starbucks Corp., which is trying to refashion its image as a more recession-friendly coffeehouse, offered more details Monday on the breakfast "pairings" it will sell beginning March 3.
The allure of the value meal has long seduced penny-pinchers craving a cheeseburger. Now, as the dismal economy slurps up profits, Starbucks Corp. is hoping to find some sales salvation in its own value meal variety.
Brinker International Inc., which operates the Chili's Grill & Bar restaurant chain, posted a loss in its fiscal second quarter Thursday due to the sale of a restaurant chain and other one-time items.
Consumers will likely pay lower prices and be offered more promotions at grocery store chain Supervalu Inc. in the coming year, the company said Wednesday as it reported a third-quarter loss because of hefty one-time charges.
Shoppers won't be picking up ornate lamps from the Bombay Co. in the coming year. Or investing with Lehman Brothers and Bear Stearns. No flying to Hawaii on Aloha Airlines or buying ultra-cheap tickets on Skybus, either.
If you're looking for an extra bargain before the holidays, you may only have to ask. With holiday sales shaping up to be the lowest in years, possibly the worst since the industry began annual comparisons in 1969, retailers say they're taking consumers' demands for good deals seriously. Some are extending return policies, while others are matching competitors' prices. Many are volunteering on-the-spot discounts and even letting customers haggle prices well down from what's marked in a desperate bid to make the cash register ring.
Starbucks warned Wall Street on Thursday that its profit would fall short of analysts' expectations this quarter, just hours after Chief Executive Howard Schultz tried to assuage concerns about the recession's effect on the coffee retailer's sales and profits.
Burger King Corp. said Wednesday it is cutting the amount of sodium in its kids meals and promoting menu combinations with less than 650 calories as part of a push to emphasize nutrition at its fast-food chains.
Despite optimism from Starbucks Corp. that it has felt the worst of the tough economy, analysts were divided Tuesday on whether there was more trouble brewing after the chain disappointed Wall Street with a steep drop in fourth-quarter profit and sales.
Consumers worldwide who are watching their spending bought more burgers and chicken breakfast biscuits at McDonald's in October, leading to a big rise in sales at established locations for the fast-food leader.
The owner of Wendy's and Arby's said both fast food chains swung to losses in the third quarter as sales slowed and costs from the takeover of the nation's No. 3 hamburger chain ate into profits.
Bennigan's diners can expect a bigger emphasis on booze, burgers and other bar and grill fare in the days and months to come, the new owner of the chain said Thursday.
The owner of the Ponderosa and Bonanza Steakhouse brands said Wednesday it was filing for Chapter 11 bankruptcy protection.
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