How Nordstrom uses robots and shelves inspired by ants to deliver lipstick faster

The Seattle-headquartered company has tapped two new partners, robotics supply chain company Attabotics and parcel-sorting provider Tompkins Robotics, to test a more modern facility in the San Jose area. Nordstrom is the first retailer to bring together both Attabotics’ and Tompkins Robotics’ technology into a single distribution center, in Newark, California. Nordstrom’s eight other U.S. distribution facilities are in Portland, Oregon; Dubuque, Iowa; Cedar Rapids, Iowa; Ontario, California; New


The Seattle-headquartered company has tapped two new partners, robotics supply chain company Attabotics and parcel-sorting provider Tompkins Robotics, to test a more modern facility in the San Jose area.
Nordstrom is the first retailer to bring together both Attabotics’ and Tompkins Robotics’ technology into a single distribution center, in Newark, California.
Nordstrom’s eight other U.S. distribution facilities are in Portland, Oregon; Dubuque, Iowa; Cedar Rapids, Iowa; Ontario, California; New
How Nordstrom uses robots and shelves inspired by ants to deliver lipstick faster Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: lauren thomas
Keywords: news, cnbc, companies, chain, ants, uses, nordstrom, supply, customers, robotics, faster, california, inspired, shelves, company, tompkins, newark, lipstick, robots, deliver, phan


How Nordstrom uses robots and shelves inspired by ants to deliver lipstick faster

NEWARK, California — If you’re in retail these days, you’re likely trying to solve these two problems: How to cut costs, and how to get products to your customers as quickly as possible. Nordstrom thinks it has found a solution that will help it do both. And it starts at a warehouse in Newark, California. The Seattle-headquartered company has tapped two new partners, robotics supply chain company Attabotics and parcel-sorting provider Tompkins Robotics, to test a more modern facility in the San Jose area. If successful, the retailer could expand its use to Nordstrom’s eight other U.S. distribution centers. Nordstrom hopes a speedier and slimmed-down supply chain will help it rise above other department store operators that are struggling to win customers over the likes of Amazon, Walmart and Target. Nordstrom’s online sales are growing, up 16% in fiscal 2018, and make up 30% of total net sales, which were $15.48 billion last year. But revenues are meantime shrinking at its core department store business. So it’s looking for ways to keep stoking this growth engine.

Where faster delivery begins

In Newark, California, Nordstrom has stocked row after row of shelving with all of its beauty merchandise to fulfill online orders for Chanel perfume, Kiehl’s facial rubs and Yves Saint Laurent lip kits up and down the West Coast. Nordstrom is also using the center to help stock its stores in the area.

Nordstrom is the first retailer to bring together both Attabotics’ and Tompkins Robotics’ technology into a single distribution center, in Newark, California. Source: Nordstrom

“We recognize that the supply chain is a critical component of being able to deliver on [our customers’] experiences,” Ngoc Phan, vice president of supply chain at Nordstrom, said in an interview at the Newark facility earlier this week. “So we’ve been looking for solutions that fit inside our broader strategy. … It’s about opportunities to get product closer to customers … and avoid extended shipping and fulfillment delays.” The combination of Attabotics’ and Tompkins Robotics’ technologies uses 90% less space than other alternatives, and allows the company to be more nimble and stock more inventory, Phan said. The Newark facility, which has been up and running since the spring, is roughly 340,000 square feet, while a traditional warehouse can span upwards of 1.5 million square feet, she said. Nordstrom currently offers same-day delivery for certain ZIP codes in California, Colorado, Illinois, New York and Washington, according to its website. But it plans to grow that option. Nordstrom started working with Attabotics and Tompkins Robotics with its beauty products because that represents one of the company’s top categories. “And what we’ve learned, is that often when our customers are buying the product, they will order with another [beauty] product,” Phan explained. “And what it means for us, is that we’re moving one of our top categories closer to the customer, which means that we can deliver their product to them faster, as well as … it will also reduce the amount of packages that we’re shipping to customers.”

Consumers have more real-time access to and understanding of retailers’ supply chain-influenced offerings than ever before. This is driving higher expectations… Thomas O’Connor Gartner supply chain analyst

In the coming weeks, Nordstrom will install this same system in a new facility in Torrence, California, where it will hold inventory and process orders for its Local shops in Los Angeles. When customers visit a Nordstrom Local, they aren’t actually taking the merchandise they buy home with them. Instead, the stores are inventory-free locations for fittings and other services like manicures, pedicures and stroller cleanings. When placing an online order from home, customers can also select a Nordstrom Local as a spot for curbside pickup. “Our hope would be to expand product categories, along with expanding this type of solution in other markets,” Phan said. Nordstrom’s eight other U.S. distribution facilities are in Portland, Oregon; Dubuque, Iowa; Cedar Rapids, Iowa; Ontario, California; Newark, California; San Bernardino, California; Upper Marlboro, Maryland; Gainesville, Florida; and Elizabethtown, Pennsylvania.

Attabotics has brought its patented storage structure, which is inspired by ant colonies, to Nordstrom’s fulfillment center in Newark, California. Source: Nordstrom

Nordstrom knew it needed to bring in outside experts to make its logistics vision a reality. Attabotics, which was named to CNBC’s Upstart 100 list earlier this year, is a 3-D robotics provider for fulfillment centers that replaces the traditional row-and-aisle configuration seen in warehouses with a patented storage structure inspired by ant colonies, which store items vertically. The Calgary-based company says it can reduce square-footage needs, allowing companies to bring fulfillment centers closer to high-density, urban areas. Warehouses have long been placed in more remote locations, where the cost of land is less expensive. But smaller buildings can get closer to metros. Tompkins Robotics, meantime, has developed a parcel-sorting solution it calls t-Sort Plus, which uses autonomous robots that travel the shortest route possible to grab boxes and deliver them to their appropriate destination. Additional robots can be added during peak seasons, like the holidays, the company said. The Tompkins International unit is based in Raleigh, North Carolina. With the two technologies, Nordstrom can store thousands of items in crates in one of Attabotics’ so-called matrices, which tower more than 20 feet high. When items are needed, they’re electronically picked and pushed toward Tompkins’ conveyor belt, where more robots help Nordstrom workers sort the merchandise. Phan said the combo — a first in the retail industry — is saving workers from walking miles and miles each day. “We can [allocate] workers to functions that provide more value to our customers, like making sure it’s the right item, it’s high quality and its package is at the standard of which our customers expect from us — as well as labeled to their shipping destination of choice,” she said. “And we hope that investing in these types of [robotics] solutions help employees to want to come work for us, as well as for employees to stay working with us.” Phan said the technology is also helping Nordstrom process returns at a faster rate and resell a larger quantity of returned beauty merchandise, after items are inspected and cleared to be repackaged.

A Nordstrom worker processes orders on a conveyor belt built by Tompkins Robotics, in Newark, California. Source: Nordstrom

California, and specifically Los Angeles, has always been a testing ground for Nordstrom. The company has 16 stores in the Los Angeles area today, serving 4 million shoppers. It brings in $1 billion in annual sales, making it the retailer’s largest market, by far. Nordstrom has called New York a potentially $700 million market, for comparison.

Going inventory-free

Los Angeles was the first city to see an inventory-free Nordstrom Local store. It opened in October 2017. In Los Angeles, during Nordstrom’s latest-reported quarter, the growth in customers shopping in stores and online was 100 basis points higher than the company average, according to co-president Erik Nordstrom. On a post-earnings conference call, he said those customers are spending about four times as much as the average customer. And sell-through rates in the Los Angeles area — or the percentage of inventory that Nordstrom sells versus what it’s receiving from suppliers — are higher than in other markets, “contributing to profitability,” he said. Nordstrom declined to quantify its supply chain investments, or disclose the terms of its tie-up with Attabotics and Tompkins Robotics. Phan said Nordstrom is primarily focused on time savings. She said the upgrades in Newark are helping Nordstrom shave “one to two days” off of beauty deliveries up and down the entire West Coast. “Consumers have more real-time access to and understanding of retailers’ supply chain-influenced offerings than ever before,” Thomas O’Connor, a senior supply chain analyst with Gartner, told CNBC in an interview. “This is driving higher expectations of supply chain services and the information that can and should be made available to shoppers such as in-store inventory availability and real-time delivery tracking.” As Nordstrom retools its supply chain, it should be thinking about how to meet the “demands of the modern consumer,” he said. Nordstrom has said New York, which is the company’s biggest market for online sales, will be its next focus. The company in October opened its first flagship store in Manhattan.

Fighting for every sale


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: lauren thomas
Keywords: news, cnbc, companies, chain, ants, uses, nordstrom, supply, customers, robotics, faster, california, inspired, shelves, company, tompkins, newark, lipstick, robots, deliver, phan


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McDonald’s is testing a chicken sandwich

McDonald’s is entering the chicken sandwich wars. The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee. McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows. But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state. Chick-fil-A’s chicken sandwich has helped the


McDonald’s is entering the chicken sandwich wars.
The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee.
McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows.
But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state.
Chick-fil-A’s chicken sandwich has helped the
McDonald’s is testing a chicken sandwich Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: amelia lucas
Keywords: news, cnbc, companies, sales, little, chicken, tested, chain, testing, restaurants, locations, mcdonalds, sandwich, restaurant


McDonald's is testing a chicken sandwich

McDonald’s is entering the chicken sandwich wars.

The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee. The sandwich features a fried chicken filet served on a buttery potato roll, topped with butter and pickles. A deluxe version also includes tomatoes, lettuce and mayo.

The chain on Sunday teased the test, which will run from Dec. 2 through Jan. 26, according to a McDonald’s spokesperson.

“Houston. Knoxville. Lunch tomorrow? No beef,” the fast-food giant tweeted.

McDonald’s franchisees have asked for a Southern-style chicken sandwich as Chick-fil-A’s threat to their business grows. The board of the National Owners Association, an independent franchisee group, wrote in an email in July that a chicken sandwich should be their top priority.

McDonald’s carries Chicken McNuggets and the McChicken sandwich. This fall, it debuted the Spicy BBQ Chicken Sandwich, a limited-time offer that launched to little fanfare. But the Chicago-based chain has not tested anything similar to Chick-fil-A’s chicken sandwich since 2018, when it tested the Ultimate Chicken Sandwich in more than 160 locations in Washington state.

Popeyes Louisiana Kitchen, which is owned by Restaurant Brands International, has seen great success with its own take on the chicken sandwich. After selling out of the new item in a little more than two weeks in August, the sandwich returned in early November. Thanks to the launch of the sandwich, Popeyes had its best quarter in nearly two decades, reporting U.S. same-store sales growth of more than 10%.

Chick-fil-A’s chicken sandwich has helped the chain become the nation’s third-largest restaurant chain by sales, trailing only McDonald’s and Starbucks. McDonald’s has roughly 14,000 restaurants in the U.S., while Chick-fil-A operated 1,989 stand-alone restaurants and 363 “licensed units,” which are the nontraditional stadium, amusement park and university locations, by the end of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: amelia lucas
Keywords: news, cnbc, companies, sales, little, chicken, tested, chain, testing, restaurants, locations, mcdonalds, sandwich, restaurant


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Blockchain to ‘save food industry $31 billion,’ new research says

Blockchain will facilitate $31 billion in “food fraud savings” by the year 2024, according to new data from Juniper Research. According to the research, which was released earlier this week, blockchain, along with “internet of things” trackers and sensors, would help to drive down costs for retailers. This would be achieved through the streamlining of supply chains, efficient food recall processes and “simpler regulatory compliance.” Today, many consumers are increasingly aware of where their fo


Blockchain will facilitate $31 billion in “food fraud savings” by the year 2024, according to new data from Juniper Research.
According to the research, which was released earlier this week, blockchain, along with “internet of things” trackers and sensors, would help to drive down costs for retailers.
This would be achieved through the streamlining of supply chains, efficient food recall processes and “simpler regulatory compliance.”
Today, many consumers are increasingly aware of where their fo
Blockchain to ‘save food industry $31 billion,’ new research says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: anmar frangoul
Keywords: news, cnbc, companies, billion, comes, industry, things, supply, retailers, blockchain, research, track, food, save, chain, internet


Blockchain to 'save food industry $31 billion,' new research says

Blockchain will facilitate $31 billion in “food fraud savings” by the year 2024, according to new data from Juniper Research.

According to the research, which was released earlier this week, blockchain, along with “internet of things” trackers and sensors, would help to drive down costs for retailers. This would be achieved through the streamlining of supply chains, efficient food recall processes and “simpler regulatory compliance.” The research is contained within the “Blockchain: Key Vertical Opportunities, Trends & Challenges 2019-2030” report.

Blockchain refers to a tamper-proof, distributed digital ledger that records transactions. The European Commission has described the internet of things as merging “physical and virtual worlds, creating smart environments.”

In a statement Monday, Juniper Research said that the internet of things and blockchain would add “significant value” to those involved in the supply chain, namely, farmers, retailers and the consumer.

Today, many consumers are increasingly aware of where their food comes from and how it is produced. Nevertheless, trust is still a big issue, especially when it comes to supply chains.

In 2013, for example, the food industry in Europe was rocked when horse meat was found to be present in food products that did not list it as an ingredient.

“Today, transparency and efficiency in the food supply chain are limited by opaque data forcing each company to rely on intermediaries and paper-based records,” Morgane Kimmich, the research author, said in a statement.

“Blockchain and the IOT (internet of things) provide an immutable, shared platform for all actors in the supply chain to track and trace assets; saving time, resources and reducing fraud,” Kimmich added.

The applications of blockchain technology are wide ranging. Major utility Iberdrola, for instance, has used it to “guarantee” that the energy it sends to its customers comes from 100 percent renewable sources.

In an announcement in January, the firm said that it had undertaken an “experiment” with the financial entity Kutxabank. Using blockchain, Kutxabank was able to track the origin of energy supplies, in real time, “from the generation asset to the point of consumption.”


Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: anmar frangoul
Keywords: news, cnbc, companies, billion, comes, industry, things, supply, retailers, blockchain, research, track, food, save, chain, internet


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Why White Castle, America’s oldest hamburger chain, stayed small

Why White Castle, America’s oldest hamburger chain, stayed smallWhite Castle is a fast-food chain with a small footprint in the Midwest and Northeast. It’s famous for its small, cheap hamburger sliders. It’s widely considered to be the first hamburger fast-food chain in the United States. Almost a century later, White Castle isn’t nearly as big as its rivals. Here’s a look at why.


Why White Castle, America’s oldest hamburger chain, stayed smallWhite Castle is a fast-food chain with a small footprint in the Midwest and Northeast.
It’s famous for its small, cheap hamburger sliders.
It’s widely considered to be the first hamburger fast-food chain in the United States.
Almost a century later, White Castle isn’t nearly as big as its rivals.
Here’s a look at why.
Why White Castle, America’s oldest hamburger chain, stayed small Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-19
Keywords: news, cnbc, companies, chain, hamburger, fastfood, united, castle, americas, white, states, widely, stayed, oldest, small


Why White Castle, America's oldest hamburger chain, stayed small

Why White Castle, America’s oldest hamburger chain, stayed small

White Castle is a fast-food chain with a small footprint in the Midwest and Northeast. It’s famous for its small, cheap hamburger sliders. It’s widely considered to be the first hamburger fast-food chain in the United States. Almost a century later, White Castle isn’t nearly as big as its rivals. Here’s a look at why.


Company: cnbc, Activity: cnbc, Date: 2019-11-19
Keywords: news, cnbc, companies, chain, hamburger, fastfood, united, castle, americas, white, states, widely, stayed, oldest, small


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Why White Castle isn’t a fast-food giant

If you’ve ever eaten a hamburger at a fast-food restaurant, White Castle deserves at least some of the credit. It’s also widely regarded as the first fast-food hamburger chain in the United States. White Castle started in 1921 in Wichita, Kansas — decades before competitors McDonald’s or Restaurant Brands International’s Burger King arrived on the scene. Today, there are about 370 White Castle restaurants in 13 states. Throughout its nearly 100-year history, White Castle has been opposed to fran


If you’ve ever eaten a hamburger at a fast-food restaurant, White Castle deserves at least some of the credit.
It’s also widely regarded as the first fast-food hamburger chain in the United States.
White Castle started in 1921 in Wichita, Kansas — decades before competitors McDonald’s or Restaurant Brands International’s Burger King arrived on the scene.
Today, there are about 370 White Castle restaurants in 13 states.
Throughout its nearly 100-year history, White Castle has been opposed to fran
Why White Castle isn’t a fast-food giant Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-19  Authors: marilyn haigh
Keywords: news, cnbc, companies, isnt, chain, model, hamburger, restaurant, fastfood, castle, white, giant, restaurants, ownership, small


Why White Castle isn't a fast-food giant

If you’ve ever eaten a hamburger at a fast-food restaurant, White Castle deserves at least some of the credit.

The Columbus, Ohio-based chain is famous for its cheap, small burgers. It’s also widely regarded as the first fast-food hamburger chain in the United States.

White Castle started in 1921 in Wichita, Kansas — decades before competitors McDonald’s or Restaurant Brands International’s Burger King arrived on the scene. White Castle laid the groundwork for those chains, and it played a key role in making the hamburger synonymous with American cuisine.

McDonald’s and Burger King grew quickly, from regional, to national, to international chains in a matter of decades. White Castle, on the other hand, stayed small. Today, there are about 370 White Castle restaurants in 13 states.

Throughout its nearly 100-year history, White Castle has been opposed to franchising its business, a mechanism that fueled other fast-food companies’ growth.

CEO Lisa Ingram is the fourth generation of her family to run the chain. She acknowledged that other business models would have led to faster growth.

“But you have to give up control and you have to give up the ownership of the customer and the ownership of the team member,” she said. “And that’s just not something that we have ever really been interested in doing.”

White Castle is testing the waters outside its Midwest and Northeast stronghold, with restaurants in Nevada, Arizona and China. The restaurants in Nevada are licensed, but White Castle said that won’t be its model for future growth.

“We still keep coming back to [the fact] that this model has worked well for us for almost 100 years and that we believe it’s a good model for us to continue into the future,” Ingram said.

Watch more:


Company: cnbc, Activity: cnbc, Date: 2019-11-19  Authors: marilyn haigh
Keywords: news, cnbc, companies, isnt, chain, model, hamburger, restaurant, fastfood, castle, white, giant, restaurants, ownership, small


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Chipotle staged a comeback. Here’s how it will keep the growth going

Chipotle Mexican Grill’s stock is one of the top performers on the S&P 500 so far this year as investors continue to applaud the chain’s comeback under CEO Brian Niccol. Before coming to Chipotle, Niccol was chief executive of Yum Brands’ Taco Bell. Niccol’s strategy has focused on luring back customers with a loyalty program, more convenient ways to get its burrito bowls and new additions to Chipotle’s limited menu. To keep growing sales, Chipotle is working on even more new menu items, like qu


Chipotle Mexican Grill’s stock is one of the top performers on the S&P 500 so far this year as investors continue to applaud the chain’s comeback under CEO Brian Niccol.
Before coming to Chipotle, Niccol was chief executive of Yum Brands’ Taco Bell.
Niccol’s strategy has focused on luring back customers with a loyalty program, more convenient ways to get its burrito bowls and new additions to Chipotle’s limited menu.
To keep growing sales, Chipotle is working on even more new menu items, like qu
Chipotle staged a comeback. Here’s how it will keep the growth going Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: amelia lucas, dymond green, darren geeter
Keywords: news, cnbc, companies, chipotle, company, growth, comeback, taco, heres, stock, sales, chipotles, going, ceo, niccol, staged, chain, limited


Chipotle staged a comeback. Here's how it will keep the growth going

Chipotle Mexican Grill’s stock is one of the top performers on the S&P 500 so far this year as investors continue to applaud the chain’s comeback under CEO Brian Niccol.

The stock, which has a market value of $20.9 billion, is up 74% this year, as of Monday’s close. Shares are trading down less than 1% on Tuesday.

Before coming to Chipotle, Niccol was chief executive of Yum Brands’ Taco Bell. He took the helm of Chipotle after its founder, Steve Ells, stepped down as CEO as the chain struggled to move on from food safety issues that sickened hundreds of its customers.

Analysts now believe that Chipotle’s foodborne illness woes are firmly in the past. Niccol’s strategy has focused on luring back customers with a loyalty program, more convenient ways to get its burrito bowls and new additions to Chipotle’s limited menu.

In October, the chain reported quarterly same-store sales growth of 11%, its biggest jump in more than two years. Delivery and its pricey carne asada helped boost sales.

To keep growing sales, Chipotle is working on even more new menu items, like quesadillas and salads.

The company is also expanding its U.S. footprint, and many of those new stores will have a “Chipotlane” — drive-thru lanes just for picking up digital orders. Outside of the United States, Chipotle has a limited presence, but that could change. Niccol said on the company’s most recent earnings call that the company could accelerate expansion in Canada, if that business improves.

Watch also: What the future holds for Taco Bell after ex-CEO Brian Niccol defected to Chipotle


Company: cnbc, Activity: cnbc, Date: 2019-11-05  Authors: amelia lucas, dymond green, darren geeter
Keywords: news, cnbc, companies, chipotle, company, growth, comeback, taco, heres, stock, sales, chipotles, going, ceo, niccol, staged, chain, limited


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McDonald’s bars former CEO from working at rival restaurant chain for two years

Don’t expect to see former McDonald’s CEO Steve Easterbrook at another restaurant chain anytime soon. The fast-food giant is barring him from working for one of its competitors for the next two years as part of his separation agreement, according to a company filing on Monday. Shares of the fast-food giant fell nearly 3% in morning trading Monday. If McDonald’s hits its performance targets for 2019, Easterbrook will also be eligible for a pro-rated payment based on his termination date. For the


Don’t expect to see former McDonald’s CEO Steve Easterbrook at another restaurant chain anytime soon.
The fast-food giant is barring him from working for one of its competitors for the next two years as part of his separation agreement, according to a company filing on Monday.
Shares of the fast-food giant fell nearly 3% in morning trading Monday.
If McDonald’s hits its performance targets for 2019, Easterbrook will also be eligible for a pro-rated payment based on his termination date.
For the
McDonald’s bars former CEO from working at rival restaurant chain for two years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: amelia lucas
Keywords: news, cnbc, companies, working, earned, chain, bars, ceo, rival, fastfood, restaurant, yum, company, easterbrook, mcdonalds, weeks, giant, million


McDonald's bars former CEO from working at rival restaurant chain for two years

Don’t expect to see former McDonald’s CEO Steve Easterbrook at another restaurant chain anytime soon.

The fast-food giant is barring him from working for one of its competitors for the next two years as part of his separation agreement, according to a company filing on Monday. Those companies include Chick-fil-A, Yum Brands, Coca-Cola’s Costa and convenience store chains WaWa and 7-Eleven.

McDonald’s board voted to oust Easterbrook on Friday after he violated company policy by having a relationship with an employee, and the company announced the decision Sunday evening. Shares of the fast-food giant fell nearly 3% in morning trading Monday.

Easterbrook will also receive 26 weeks of severance. Last year, he earned a $15.9 million in total compensation, including a $1.3 million base salary.

If McDonald’s hits its performance targets for 2019, Easterbrook will also be eligible for a pro-rated payment based on his termination date. In 2018, he earned $2.5 million from non-equity incentive plan compensation.

Easterbrook also agreed to a non-disparagement clause. For the next five years, he is barred from publishing any articles or books about McDonald’s or giving interviews related to McDonald’s without permission from the company’s general counsel.


Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: amelia lucas
Keywords: news, cnbc, companies, working, earned, chain, bars, ceo, rival, fastfood, restaurant, yum, company, easterbrook, mcdonalds, weeks, giant, million


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Barclays CEO says firms need to focus on supply chain economics amid US-China trade dispute, Brexit

Companies around the world need to focus on the economics of supply chains amid uncertainties such as the U.S.-China trade dispute and Brexit — the U.K.’s exit from the trade bloc, said the CEO of Barclays bank. “Whether it’s Brexit or whether it’s the trade challenge between the U.S. and China, the real issue is supply chain,” Jes Staley told CNBC at the Barclays Asia Forum. “As we globalize the world’s economy, supply chains are (the) mathematics of becoming a critical part of utilizing the mo


Companies around the world need to focus on the economics of supply chains amid uncertainties such as the U.S.-China trade dispute and Brexit — the U.K.’s exit from the trade bloc, said the CEO of Barclays bank.
“Whether it’s Brexit or whether it’s the trade challenge between the U.S. and China, the real issue is supply chain,” Jes Staley told CNBC at the Barclays Asia Forum.
“As we globalize the world’s economy, supply chains are (the) mathematics of becoming a critical part of utilizing the mo
Barclays CEO says firms need to focus on supply chain economics amid US-China trade dispute, Brexit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: huileng tan, silvia amaro
Keywords: news, cnbc, companies, brexit, firms, china, economics, chain, focus, chains, going, need, trade, ceo, supply, staley, dispute, companies, uschina


Barclays CEO says firms need to focus on supply chain economics amid US-China trade dispute, Brexit

Companies around the world need to focus on the economics of supply chains amid uncertainties such as the U.S.-China trade dispute and Brexit — the U.K.’s exit from the trade bloc, said the CEO of Barclays bank.

“Whether it’s Brexit or whether it’s the trade challenge between the U.S. and China, the real issue is supply chain,” Jes Staley told CNBC at the Barclays Asia Forum.

Companies are grappling with the fallout of both events as it impacts the cost of shipping physical goods and service delivery.

“As we globalize the world’s economy, supply chains are (the) mathematics of becoming a critical part of utilizing the most efficient assets irrespective of what country they are in,” said Staley.

“For sure, the exchange between China and the U.S., I think, has thrown a question into the sustainability or stability of supply chains in the future and strategically, all companies need to be taking a look at how should they manage their supply chains,” Staley added.

The British bank said in the aftermath of the Brexit referendum that it would expand its Irish subsidiary to continue its European trade.

“We are not going to reverse that,” said Staley. “The re-evaluation of supply chain economics is something that’s going to last for quite a period of time.”


Company: cnbc, Activity: cnbc, Date: 2019-10-31  Authors: huileng tan, silvia amaro
Keywords: news, cnbc, companies, brexit, firms, china, economics, chain, focus, chains, going, need, trade, ceo, supply, staley, dispute, companies, uschina


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Walgreens cuts jobs at its US headquarters as drugstore chain slashes costs

Walgreens Boots Alliance has laid off an undisclosed number of employees at its corporate headquarters as the drugstore chain cuts costs, the company said Monday. The company notified employees late last week, Walgreens spokesman Jim Cohn said in an email, declining to say how many people lost their jobs. The layoffs come as Walgreens plans to cut more than $1.8 billion in expenses by fiscal year 2022, up from the previously planned $1.5 billion. The company earlier this year announced it would


Walgreens Boots Alliance has laid off an undisclosed number of employees at its corporate headquarters as the drugstore chain cuts costs, the company said Monday.
The company notified employees late last week, Walgreens spokesman Jim Cohn said in an email, declining to say how many people lost their jobs.
The layoffs come as Walgreens plans to cut more than $1.8 billion in expenses by fiscal year 2022, up from the previously planned $1.5 billion.
The company earlier this year announced it would
Walgreens cuts jobs at its US headquarters as drugstore chain slashes costs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-28  Authors: angelica lavito, in angelicalavito
Keywords: news, cnbc, companies, employees, jobs, cuts, week, invest, fiscal, mondaythe, chain, drugstore, walgreens, company, slashes, headquarters, costs


Walgreens cuts jobs at its US headquarters as drugstore chain slashes costs

Walgreens Boots Alliance has laid off an undisclosed number of employees at its corporate headquarters as the drugstore chain cuts costs, the company said Monday.

The company notified employees late last week, Walgreens spokesman Jim Cohn said in an email, declining to say how many people lost their jobs. The layoffs come as Walgreens plans to cut more than $1.8 billion in expenses by fiscal year 2022, up from the previously planned $1.5 billion. The Chicago Tribune first reported the layoffs.

The company made “select reductions” in its U.S. headquarters in Deerfield, Ill. last week, CFO James Kehoe told analysts on a conference call discussing its fiscal fourth-quarter earnings Monday.

“The additional restructuring is underway in our retail pharmacy international, and pharmaceutical wholesale divisions are also working hard to define our new vision,” he said. The company has completed a review of its real estate footprint, he said, adding that Walgreens is shrinking and reorganizing its global digital and IT teams under a new chief information officer.

Cohn said the company was “modifying our corporate support office structure to drive organizational efficiencies and reduce our cost base, while promoting investment in truly differentiating capabilities.”

He added that the cutbacks won’t affect any store positions or locations. The company earlier this year announced it would shutter 200 Walgreens stores.

Executives addressed the cost cuts on the analyst call, saying the savings are necessary to invest in modernizing the drugstore chain.

The company rebranded the cost-cutting program internally to “Save to Invest to Grow.”


Company: cnbc, Activity: cnbc, Date: 2019-10-28  Authors: angelica lavito, in angelicalavito
Keywords: news, cnbc, companies, employees, jobs, cuts, week, invest, fiscal, mondaythe, chain, drugstore, walgreens, company, slashes, headquarters, costs


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After weak third-quarter sales, Tim Hortons’ parent rolls up its sleeves to fix struggling business

After another disappointing quarter from Tim Hortons, the owner of the Canadian coffee chain shared more about its plans to reinvigorate the business. The majority of Tims customers pick up their coffee via a drive-thru. In July, the coffee chain opened its first “innovation cafe” in downtown Toronto — similar to Starbucks’ upscale Roastery locations. But the majority of these customers are using swipe cards, not the Tims’ mobile app, to identify themselves as members. “Now, during this period,


After another disappointing quarter from Tim Hortons, the owner of the Canadian coffee chain shared more about its plans to reinvigorate the business.
The majority of Tims customers pick up their coffee via a drive-thru.
In July, the coffee chain opened its first “innovation cafe” in downtown Toronto — similar to Starbucks’ upscale Roastery locations.
But the majority of these customers are using swipe cards, not the Tims’ mobile app, to identify themselves as members.
“Now, during this period,
After weak third-quarter sales, Tim Hortons’ parent rolls up its sleeves to fix struggling business Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-28  Authors: amelia lucas
Keywords: news, cnbc, companies, fix, weak, sleeves, using, locations, tim, tims, sales, struggling, chain, rolls, quarter, coffee, customers, cil, cold, parent, hortons, thirdquarter


After weak third-quarter sales, Tim Hortons' parent rolls up its sleeves to fix struggling business

After another disappointing quarter from Tim Hortons, the owner of the Canadian coffee chain shared more about its plans to reinvigorate the business.

Shares of its parent company Restaurant Brands slid 3% in morning trading Monday, despite strong performances from its other two chains, Popeyes Louisiana Kitchen and Burger King.

Tims, which is in the middle of a multiyear turnaround, accounted for 60% of Restaurant Brands’ total revenue during the third quarter. The chain is still responsible for seven out of every ten cups of coffee sold in Canada.

But in Canada, its home market, same-store sales declined by 1.2%.

“This was a challenging quarter, but we continue to be focused on delivering results and have our sleeves rolled up as we finish the year,” Restaurant Brands CEO Jose Cil told analysts on the conference call.

Sales of both hot and cold beverages were weaker during the quarter. Limited-time offers did not help declining sales of the Iced Capp, Tims’ version of the Frappuccino. Canada’s cold weather means that fewer customers drink cold beverages year round.

“However, we were encouraged by the Creamy Chills products and believe they have the potential to be a strong platform for future innovation and growth,” Cil said.

For hot beverages, Tims is trying to improve the quality and efficiency of its 40-year-old coffee-making system by rolling out new brewers across Canada by early 2020. The brewers have a new water filtration system for more consistent coffee and free up more time for employees.

The chain also unveiled new spill-resistant lids for its coffee during the third quarter. The majority of Tims customers pick up their coffee via a drive-thru.

Tim Hortons also recognized the importance of the drive-thru in its renovations of hundreds of stores. Some locations have received double drive-thru lanes to allow for faster service.

The chain is also trying to address weaker lunchtime food sales, although executives did not share any more specifics.

“Given our leadership in convenience and frequency, we continue to believe that we can win market share and lunch over time with the right investment and focus,” Cil said.

In July, the coffee chain opened its first “innovation cafe” in downtown Toronto — similar to Starbucks’ upscale Roastery locations. Tims is using the store to introduce new products, like a line of handcrafted doughnuts and a line of Nitro cold drinks. It plans to test the Nitro cold brew and iced teas in some locations next year.

Starbucks’ own Nitro cold brew has helped drive U.S. sales since it began rolling it out across the United States.

One bright spot for Tims was the continued success of its loyalty program, which launched in March. Half of all of its transactions come from rewards members.

But the majority of these customers are using swipe cards, not the Tims’ mobile app, to identify themselves as members. The chain is working on converting these customers into using the app, so it can target them with personalized promotions.

“Now, during this period, we may see a little pressure on [same-store sales growth] but we’re confident long term that this is going to be a driver of traffic and profitable sales,” Cil said.

Tims is also expanding its overseas reach as growth in its home market slows. The chain is opening more restaurants in the United Kingdom, Spain, Mexico and the Middle East. It is also targeting China, with plans to open 1,500 locations across the country in the next decade.


Company: cnbc, Activity: cnbc, Date: 2019-10-28  Authors: amelia lucas
Keywords: news, cnbc, companies, fix, weak, sleeves, using, locations, tim, tims, sales, struggling, chain, rolls, quarter, coffee, customers, cil, cold, parent, hortons, thirdquarter


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