Independent thinking for complex markets and current events
Target, once the darling of the retail industry, is witnessing a notable decline this year. This retail giant, known for its commitment to quality, style, and affordability, has faced various challenges that have impacted its market position. Their financial performance has taken a nosedive, with profits dropping dramatically over the past year. Recently, its management …
Patriots, everyone has been to McDonalds at one point or another – it’s by far the largest fast food chain in America, and easily the most well-known. For these reasons, what happens at McDonald’s is often seen as an indication of what’s happening in the broader economy. And currently, what’s happening at McDonald’s is alarming. …
California restaurants are reportedly laying off staff and reducing hours for other team members in an effort to cut costs ahead of a California state law taking effect on April 1 that will raise fast-food workers’ hourly wage to $20. In the months leading up to the wage mandate, California eateries, particularly pizza joints, have …
According to a research study by Ohio State University, 80% of restaurants close before their fifth anniversary. While many have tried and failed to reinvent themselves, others are like how you remember them. But here are the shocking details: due to low-margin propositions, inflation, and economic instability, most of your beloved restaurants are on the …
by Michael Do you remember the supply chain problems that we experienced during the darkest days of the COVID pandemic? Well, now we are being warned that the crisis in the Red Sea could actually disrupt global supply chains to an even greater degree. Needless to say, this comes at a really bad time because …
Luckily, oil prices have fallen significantly from their highs. It's interesting that oil markets are not concerned about geopolitical tensions. This is offsetting some of the impact of higher shipping costs. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) January 16, 2024 https://twitter.com/spaghettimballs/status/1747306662032220188
https://www.youtube.com/watch?v=CD0mcvyzr9M It’s been a rough couple of years for America’s struggling pizza companies, with some of the country’s largest pie chains reporting waning demand and mass store closings. Not even big brands like Domino’s, Papa John’s, and Pizza Hut are stepping on solid financial ground as we approach 2024. For instance, take-and-bake Papa Murphy’s is …
https://www.youtube.com/watch?v=JMmPItqPM9c Even in the best economy, the restaurant industry is all about struggle. Margins are incredibly tight and even the slightest change in one statistic can make life miserable for the finest of establishments. Restaurants have been taken down by rising food prices, lower walk-in customers, government investigations, and fast food chains in particular have …
CVS is set to close hundreds of stores across the country as they undergo a complete retail overhaul – as more stores move towards online sellers amid rampant increases in crime. The major drugstore chain is coming to the end of a policy launched in 2021 which will see 300 stores closed each year – …
via aljazeera: Canadian Prime Minister Justin Trudeau has warned grocery chains that they could be hit with new taxes if they do not take steps to control rising food prices. Trudeau said the heads of the five largest supermarket chains, including Walmart and Costco, would be asked to come up with a plan to address …
https://www.youtube.com/watch?v=1Ot7ZwWFCIc Restaurant prices are still rising all across the United States, and even your regular coffee order at Starbucks is going to get more expensive in the coming weeks. According to a new report, this is the fifth time Starbucks is raising menu prices in two years. The coffee house chain is also implementing “additional …
https://www.youtube.com/watch?v=6eavFUBPeZo Inflation is still impacting every industry in the U.S., including fast food. Restaurant prices are rising 7.1 times faster than prices at the grocery store, according to new data released by the Bureau of Labor Statistics. Many famous brands point to the skyrocketing cost of ingredients as the main driver of menu price increases. …
NEW: The Walgreens at 16th/Geary in San Francisco has chained up the freezer section ⛓️ Workers said normally shoplifters clean out all the pizza and ice cream every night. They’re usually hit 20x a day. The whole store is virtually locked up. @KPIXtv h/t @greenbergnation pic.twitter.com/lfFWmkLWdo — Betty Yu (@bett_yu) July 18, 2023 Theft has …
Our favorite restaurants are vanishing from sight as worsening economic conditions continue to squeeze U.S. businesses. With shoppers eating out less and tightening their budgets, even big names in the industry are seeing their operations rot from within. Over the past three years, over 160,000 restaurants have been permanently closed around the country, and unfortunately, …
https://www.youtube.com/watch?v=qXvuWKPixeM Subway is now shuttering a huge number of stores, and new reports reveal that the mass closures have just brought the chain to its smallest size in almost two decades. The company has been struggling financially for years, and right now executives are trying to sell the decaying franchise to the highest bidder. The …
Popeyes, Chick-fil-A, and other fast food chains are facing financial challenges due to lower sales, higher costs, and supply chain disruptions. Popeyes is closing locations and Chick-fil-A is closing its first-ever restaurant. With Americans eating out increasingly less to save on costs, some of the biggest fast-food chains in the US are taking desperate measures …