Updated Menu, Celeb Collaborations, Pump McDonald's Sales; 'McPlant' Burger Coming SoonMcDonald's said digital ordering — through mobile orders, in-store kiosks and delivery — is expected to make up 20% of system-wide sales this year, or more than $10 billion. The company hopes to build on that with a new app, MyMcDonald's, which will be launched in six markets by the end of 2021.
Drop In Sales Mean Powerball Jackpots Will Get Even SmallerThe leaders of Mega Millions, the other national lottery game, haven't said if they will make similar changes to that game. Both games are run by state lotteries.
Target, Like Other Retailers, Did Not Have A Merry ChristmasTarget and other discounters like Walmart have been among the strongest performers in retail even as Amazon continues to make inroads. They have reconfigured product lineups and improved delivery services with some success.
Tesla's Car Deliveries Rebound, But Challenges Still AboundDespite the heartening news, Tesla still hasn't proven it can consistently make money despite repeated promises from CEO Elon Musk to reverse the company's long history of losses.
Store Troubles Increase For Kohl's, Penney'sDepartment stores have been trying to reinvent themselves as more shoppers go online. They've also been hurt by increasing competition from the likes of T.J. Maxx and other off-price stores, which offer coveted brands at cheaper prices.
Caterpillar 1Q Beats Forecasts As Revenue Grows 5%Sales of new construction equipment in North America jumped 13% in the first quarter, primarily driven by road construction projects, Caterpillar said.
Mainstream Retailers Embrace Marijuana's Less Taboo CousinRetail sales of CBD consumer products in 2018 were estimated to reach as much as $2 billion, according to Cowen & Co. By 2025, that figure could hit $16 billion in retail sales, the investment firm predicts.
J.C. Penney Closes More Stores As Sales DeteriorateJ.C. Penney posted net income of $75 million, or 24 cents per share, for the quarter. That compares with $242 million, or 77 cents per share, a year ago.
J.C. Penney To Drop Major Appliances After A Three-Year RunThe company has been trying to claw its way back after a disastrous reinvention plan in 2012 by its former CEO Ron Johnson, who dramatically cut back on temporary promotions and brought in new brands to attract young shoppers.
Walmart's Jet.com To Sell Nike Sneakers Ahead Of HolidaysThe deal comes a year after Nike, which has made a push to sell more swoosh-branded products online, started selling some products on Amazon.com.
Starbucks Is Getting Into The Kombucha BusinessThe drink is debuting New York City, Boston, Chicago, Los Angeles, San Francisco, San Diego and Seattle before expanding to more cities this fall.
Bad News For Gillette: Beards Are BackGuys increasingly want to portray a "laid-back look," and many believe facial hair is popular, authentic, and attractive.
Higher Prices Help McDonald's Lift US Sales FigureThe world's biggest burger chain says sales rose 2.6 percent at domestic stores open at least 13 months.
Coke Bets 'Coke Plus Coffee' Boosts Soda SalesThe version introduced in Australia has more caffeine than a regular Coke, but less than a cup of coffee, according to the company.
Using A CRM To Create Relationships, Not Just To Close TransactionsContactually Founder Zvi Band has his clients focused on building and keeping customers for life, as well as staying in touch with leads.