DoorDash continues to lead in the food delivery wars

An exclusive partnership with Cheesecake Factory and deals to deliver for Chipotle Mexican Grill, Five Guys and other local restaurants made DoorDash the leader in U.S. meal delivery last month. According to data from consumer analytics firm Second Measure, DoorDash has 35% of the meal delivery market. Analysts say meal delivery has even more room to grow. Last week, Morgan Stanley published research showing meal delivery services only address 6% of the $350 billion dollar quick-service restaura


An exclusive partnership with Cheesecake Factory and deals to deliver for Chipotle Mexican Grill, Five Guys and other local restaurants made DoorDash the leader in U.S. meal delivery last month.
According to data from consumer analytics firm Second Measure, DoorDash has 35% of the meal delivery market.
Analysts say meal delivery has even more room to grow.
Last week, Morgan Stanley published research showing meal delivery services only address 6% of the $350 billion dollar quick-service restaura
DoorDash continues to lead in the food delivery wars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: frank holland jr reed, frank holland, jr reed, maggie fitzgerald
Keywords: news, cnbc, companies, food, delivery, measure, lead, meal, continues, wars, increasing, general, doordash, market, customers, report


DoorDash continues to lead in the food delivery wars

An exclusive partnership with Cheesecake Factory and deals to deliver for Chipotle Mexican Grill, Five Guys and other local restaurants made DoorDash the leader in U.S. meal delivery last month.

According to data from consumer analytics firm Second Measure, DoorDash has 35% of the meal delivery market. Publicly traded rivals GrubHub and Uber Eats captured 30% and 20% of the market, respectively.

DoorDash is also the fastest growing, with sales increasing 114% since October 2018, while the overall market grew by 40%.

Analysts say meal delivery has even more room to grow. Last week, Morgan Stanley published research showing meal delivery services only address 6% of the $350 billion dollar quick-service restaurant market.

In a note to clients on Wednesday, Peter Saleh, managing director and restaurants analyst at BTIG, said “restaurant delivery will survive, if not thrive, given the healthy consumer demand for the service across quick service, fast casual and casual dining.”

DoorDash is reportedly planning to enter the public markets through a direct listing, according to a Bloomberg report. Based on recent investments, the company’s valuation is approaching $13 billion, the report said.

The meal delivery leader may now have the biggest share of customers nationally, but the landscape remains fragmented in major cities.

According to Second Measure data, DoorDash has the most customers in Washington D.C., Houston and San Francisco. GrubHub is the dominate player in New York City while Uber Eats grabs the top spot in Los Angeles.

While DoorDash is increasing market share, it’s also facing increased scrutiny.

The Washington, D.C. attorney general is accusing the company of “deceptive” business practices, alleging DoorDash kept tips meant for workers and mislead customers in general about where their tips were going. D.C. Attorney General Karl Racine is seeking to recover millions of dollar in tip money paid through DoorDash over the previous two years. In July, DoorDash changed a policy allowing it keep a portion of driver tips.

The overall meal delivery business is also facing increasing pressure on margins with the rise of price comparison tools available on Google and through the site FoodBoss.

Second Measure will publish its full report on U.S. meal delivery on Friday afternoon.


Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: frank holland jr reed, frank holland, jr reed, maggie fitzgerald
Keywords: news, cnbc, companies, food, delivery, measure, lead, meal, continues, wars, increasing, general, doordash, market, customers, report


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Award-winning chef shares 5 tips on throwing a budget-friendly Thanksgiving

Chef Jonathan Waxman knows about good food. When it comes to his Thanksgiving feast, Waxman keeps the essential staples simple: warm bread, fresh cranberry sauce, gravy, and Chex mix. Buy seasonally”One should attempt to buy seasonably always, especially at Thanksgiving,” Waxman says. When you do the math, Costco is cheaper at 47 cents per pound, as opposed to Walmart’s 59 cents per pound. Make it from scratch”Raw ingredients shopped at your supermarket will always be cheaper than prepared food,


Chef Jonathan Waxman knows about good food.
When it comes to his Thanksgiving feast, Waxman keeps the essential staples simple: warm bread, fresh cranberry sauce, gravy, and Chex mix.
Buy seasonally”One should attempt to buy seasonably always, especially at Thanksgiving,” Waxman says.
When you do the math, Costco is cheaper at 47 cents per pound, as opposed to Walmart’s 59 cents per pound.
Make it from scratch”Raw ingredients shopped at your supermarket will always be cheaper than prepared food,
Award-winning chef shares 5 tips on throwing a budget-friendly Thanksgiving Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: megan leonhardt
Keywords: news, cnbc, companies, potatoes, budgetfriendly, pound, chef, cents, expensive, tips, thanksgiving, good, meal, awardwinning, shares, throwing, food, turkey, waxman


Award-winning chef shares 5 tips on throwing a budget-friendly Thanksgiving

Chef Jonathan Waxman knows about good food. The 2016 James Beard Award winner for Best Chef is known for popularizing fresh, California cuisine in New York City. But while Waxman has cooked in some of the best kitchens — his West Village restaurant Barbuto closed in May after the building was sold last year — he tells CNBC Make It that good food doesn’t need to be expensive, especially if you’re preparing food around the holidays. When it comes to his Thanksgiving feast, Waxman keeps the essential staples simple: warm bread, fresh cranberry sauce, gravy, and Chex mix. Everything else he likes to mix up year to year, including the protein and vegetables. The meal isn’t complete with a good Negroni, preferably made with Grey Goose vodka. “And not just one; make a pitcher and share with family and friends,” he says. It is possible to cook a great dinner on a budget, Waxman says: “I am a very economical cook—I pride myself on stretching my dollar.” Thanksgiving is a wonderful time to practice this philosophy, he adds. Here’s a look at how he keeps costs down without sacrificing flavor.

Source: Twenty20

1. Buy seasonally

“One should attempt to buy seasonably always, especially at Thanksgiving,” Waxman says. That’s because there’s a lot of great seasonal options, such as butternut squash, Brussels sprouts, turkey and cranberries, that are both plentiful and much cheaper in the fall. Plus apples, walnuts, sweet potatoes, celery and potatoes are at their peak in flavor and their low point in terms of cost, Waxman says. “My kale salad is a great crowd pleaser,” he says, adding he also regularly prepares a side of russet potatoes cooked with rosemary. Grain dishes like quinoa, farro and rice are always in season, and again, tend to be low-cost.

Source: Twenty20

2. Buy in bulk

Thanksgiving meals are generally a family affair, and that can mean feeding a crowd. To keep costs in check, Waxman recommends buying some of the ingredients in bulk, such as potatoes, lettuce and even boxes of citrus. Costco sells a 15-pound bag of potatoes for $6.99, according to prices in northern New Jersey analyzed by CNBC Make It. Walmart sells a 5-pound bag for just $2.97. When you do the math, Costco is cheaper at 47 cents per pound, as opposed to Walmart’s 59 cents per pound. And 15 pounds of potatoes can make enough mashed potatoes to comfortably feed about two dozen people.

Source: Twenty20

3. Turkey is cost-effective

Turkey can be a cheap option for the main dish, Waxman says. But make sure you do your homework. “Turkey is the one thing that makes sense to study the prices; they do go up and down,” Waxman says. At the same time, turkeys feed a lot of people, so it can be an economical main course. If you can get a 15-pound turkey on sale, it will feed about 10 people. Right now, grocery chains such as Aldi and Walmart have frozen turkeys on sale for as little as 59 cents and 68 cents per pound, respectively. Costco typically has fresh young turkeys on sale for 99 cents per pound right before Thanksgiving. Of course, a smaller turkey only feeds a crowd if there are good number of side dishes. Waxman says he loves serving a plethora of dishes that may be slightly less expensive than the turkey, but at the same time, really round out the meal. Who doesn’t love a good side dish? Waxman’s recommendations: squash gratin, mashed potatoes, roasted fingerling potatoes with mint, Brussels sprouts with bacon and stuffing made with bread and roasted celery.

Source: Twenty20

4. Make it from scratch

“Raw ingredients shopped at your supermarket will always be cheaper than prepared food,” Waxman says. It’s true — cooking something from scratch is cheaper than eating out or buying a meal kit or prepared food items. Forbes analyzed pricing data from restaurants as well as the cost of similar dishes using recipes and found that meal kits were three times as expensive as cooking from scratch, while going out to eat or ordering takeout was five times as expensive. Plus, the pleasure of cooking yourself is “fantastic,” Waxman says. That’s “made even better if the extended family all helps,” he adds. Don’t sweat it if you end up working with a few cooking novices. “Experience can be trumped by enthusiasm,” Waxman says.

Source: Twenty20

5. Get organized


Company: cnbc, Activity: cnbc, Date: 2019-11-11  Authors: megan leonhardt
Keywords: news, cnbc, companies, potatoes, budgetfriendly, pound, chef, cents, expensive, tips, thanksgiving, good, meal, awardwinning, shares, throwing, food, turkey, waxman


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China exempts 16 American products from additional tariffs — here’s the full list

Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable. Lubricating oil. Decitabine, fluorouridine, cy


Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable. Lubricating oil. Decitabine, fluorouridine, cy
China exempts 16 American products from additional tariffs — here’s the full list Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, meal, including, oil, imposed, products, exempts, china, american, lubricating, hydrochloride, feed, additional, heres, list


China exempts 16 American products from additional tariffs — here's the full list

Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019.

China’s Ministry of Finance announced plans to exempt 16 types of U.S. products from additional tariffs on Wednesday, including food for livestock, cancer drugs and lubricants.

The exemption, which is scheduled to go into effect from September 17, will be valid for a year through to September 16, 2020.

The announcement comes as high-level trade officials from China and the U.S. prepare to meet in Washington next month. It will mark their latest attempt to resolve a protracted trade dispute. Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

The State Council Tariff Commission said on the Ministry of Finance’s website that items on two separate tariff exemption lists would not be subject to additional charges imposed by China on U.S. goods.

For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. Companies can apply to customs within six months.

For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable.

Here are the two lists in full, according to a CNBC translation:

LIST 1: 1. Other shrimp and prawn seedlings. 2. Aster meal and pellets. 3. Other purpura (except coarse powder and pellets). 4. Fish meal for feed. 5. Lubricating oil. 6. Grease. 7. Ring line, insecticidal ring, insecticidal nail, polythiane, etc. (including methylthiophosphorus, buprofezin, aspartate, indoxacarb). 8. Decitabine, fluorouridine, cyclophosphamide, gefitinib, capecitabine, raltitrexed, fludarabine phosphate, fluoride, cytarabine hydrochloride, gemcitabine hydrochloride, ectinib hydrochloride, ifosfamide. 9. Nonionic Organic Surfactant. 10. Mineral oil <70% lubricant. 11. Lubricants containing no petroleum or oils from bituminous minerals. 12. Medical linear accelerator. LIST 2: 1. Whey for feed (2%-7% by weight protein, 76%-88% lactose). 2. Release agent (oil by weight and oil extracted from bitumen ≥70%). 3. Isoparaffin solvent (early boiling point 225 ° C, flash point 92 ° C, density 0.79 g / cm3, viscosity 3.57mm2/s). 4. Lubricating base oil (product viscosity at 100 degrees Celsius). —CNBC's Hilary Pan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, meal, including, oil, imposed, products, exempts, china, american, lubricating, hydrochloride, feed, additional, heres, list


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‘Strictly Dumpling’ YouTuber Mike Chen’s best and ‘most expensive’ food day ever

Food vlogger Mike Chen has had a lot of memorable meals — from an all-you-can-eat lobster buffet in Las Vegas to a massive, 5.5-pound gyoza dumpling in Tokyo. Chen, who started making YouTube food videos six years ago, actually runs six different YouTube channels, with more than 5 million followers overall, including “Beyond Science, ” where he explores “food, news, Chinese culture and mysterious phenomenons.” Chen tells CNBC Make It that he started making YouTube food videos in 2013, “because f


Food vlogger Mike Chen has had a lot of memorable meals — from an all-you-can-eat lobster buffet in Las Vegas to a massive, 5.5-pound gyoza dumpling in Tokyo. Chen, who started making YouTube food videos six years ago, actually runs six different YouTube channels, with more than 5 million followers overall, including “Beyond Science, ” where he explores “food, news, Chinese culture and mysterious phenomenons.” Chen tells CNBC Make It that he started making YouTube food videos in 2013, “because f
‘Strictly Dumpling’ YouTuber Mike Chen’s best and ‘most expensive’ food day ever Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: emma fierberg tom huddleston jr, emma fierberg, tom huddleston jr
Keywords: news, cnbc, companies, chen, life, chens, videos, ive, expensive, wagyu, best, day, meal, dumpling, mike, strictly, youtube, youtuber, food


'Strictly Dumpling' YouTuber Mike Chen's best and 'most expensive' food day ever

Food vlogger Mike Chen has had a lot of memorable meals — from an all-you-can-eat lobster buffet in Las Vegas to a massive, 5.5-pound gyoza dumpling in Tokyo. As the host of “Strictly Dumpling, ” the food reviews YouTube channel that has nearly 2.6 million subscribers, Chen, 38, regularly attracts millions of viewers per post with videos showing him trying foods around the world, from “legendary” ramen in Japan to McDonald’s in India or Vietnamese street food. Chen, who started making YouTube food videos six years ago, actually runs six different YouTube channels, with more than 5 million followers overall, including “Beyond Science, ” where he explores “food, news, Chinese culture and mysterious phenomenons.” Born in China but raised in the U.S., Chen is a former Morgan Stanley financial analyst who left that job after a year, in 2006. He now works for the non-profit media company NTD Television, where he serves as the head of digital strategy, according to his LinkedIn page. Chen tells CNBC Make It that he started making YouTube food videos in 2013, “because food is the love of my life.” “I’ve always felt that the best way to explore a new culture is taking a bite out of it,” Chen says. “Everywhere in the world food is both historical and modern and encompasses the people, the land and the essence of its cultural identity.”

Recently, Chen sat down with CNBC Make It to talk about his favorite hacks for finding great food while traveling, and the best and “most expensive food day” of his life in 2017, when he spent nearly $1,000. CNBC Make It: What’s the best meal you’ve ever had? Mike Chen: It’s the best meal I’ve ever had, it’s just purely because it was the first meal I’ve ever had of that particular dish. And it was so mind-blowingly good. I will never forget the day I had an A5-grade Wagyu steak in Kobe, Japan. I mean, I had that thing for lunch, and it changed my life. It changed my everything. I mean, my soul is like different now, because the Wagyu did stuff to it that is just miraculous. And then after lunch I said, “You know what? For dinner, I also want Wagyu.”


Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: emma fierberg tom huddleston jr, emma fierberg, tom huddleston jr
Keywords: news, cnbc, companies, chen, life, chens, videos, ive, expensive, wagyu, best, day, meal, dumpling, mike, strictly, youtube, youtuber, food


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McDonald’s and Burger King are facing calls to scrap plastic toys in kids’ meal deals

The plastic toys given away with children’s fast food meals are under fire. McDonald’s and Burger King are the target of a petition started by two British school children who criticize the companies for giving away the toys that they say are put in the trash after only being used briefly. McDonald’s Happy Meal and Burger King’s Kids’ Meal include a main meal, side, drink and a toy, which is often linked to movie releases. The children, aged 9 and 7, wrote that they learnt about pollution at scho


The plastic toys given away with children’s fast food meals are under fire. McDonald’s and Burger King are the target of a petition started by two British school children who criticize the companies for giving away the toys that they say are put in the trash after only being used briefly. McDonald’s Happy Meal and Burger King’s Kids’ Meal include a main meal, side, drink and a toy, which is often linked to movie releases. The children, aged 9 and 7, wrote that they learnt about pollution at scho
McDonald’s and Burger King are facing calls to scrap plastic toys in kids’ meal deals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: lucy handley
Keywords: news, cnbc, companies, school, wrote, children, burger, away, started, deals, calls, mcdonalds, kids, toys, meal, facing, petition, plastic, king, scrap


McDonald's and Burger King are facing calls to scrap plastic toys in kids' meal deals

The plastic toys given away with children’s fast food meals are under fire.

McDonald’s and Burger King are the target of a petition started by two British school children who criticize the companies for giving away the toys that they say are put in the trash after only being used briefly.

McDonald’s Happy Meal and Burger King’s Kids’ Meal include a main meal, side, drink and a toy, which is often linked to movie releases.

“We like to go to eat at Burger King and McDonald’s, but children only play with the plastic toys they give us for a few minutes before they get thrown away and harm animals and pollute the sea,” wrote Ella and Caitlin Wood on a Change.org petition page, which has more than 335,000 signatures.

The children, aged 9 and 7, wrote that they learnt about pollution at school and recycle at home. “But we want to do more, which is why we started this petition. It’s not enough to make recyclable plastic toys — big, rich companies shouldn’t be making toys out of plastic at all,” they wrote.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: lucy handley
Keywords: news, cnbc, companies, school, wrote, children, burger, away, started, deals, calls, mcdonalds, kids, toys, meal, facing, petition, plastic, king, scrap


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Burger King takes on McDonald’s with a range of ‘unhappy’ meals

That’s the message Burger King is trying to communicate with a lineup of burger meals focused on “real” moods to help raise awareness about mental health. To get the deal, customers had to download the Burger King app on their phones. Burger King is trying a vegetarian Whopper, while McDonald’s added a meatier burger to its breakfast menus in October. Burger King, which is owned by Restaurant Brands International, has partnered with Mental Health America for the campaign. The limited-edition Bur


That’s the message Burger King is trying to communicate with a lineup of burger meals focused on “real” moods to help raise awareness about mental health. To get the deal, customers had to download the Burger King app on their phones. Burger King is trying a vegetarian Whopper, while McDonald’s added a meatier burger to its breakfast menus in October. Burger King, which is owned by Restaurant Brands International, has partnered with Mental Health America for the campaign. The limited-edition Bur
Burger King takes on McDonald’s with a range of ‘unhappy’ meals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: lucy handley
Keywords: news, cnbc, companies, range, meal, whopper, happy, thats, health, mcdonalds, mental, takes, unhappy, king, meals, burger


Burger King takes on McDonald's with a range of 'unhappy' meals

No one is happy all the time. That’s the message Burger King is trying to communicate with a lineup of burger meals focused on “real” moods to help raise awareness about mental health. Timed to Mental Health Awareness Month in May, the “Real Meals” include the Blue Meal, Salty Meal, Yaaas Meal and DGAF (Don’t Give a F—) Meal. They include a Whopper, french fries and a drink. “Burger King restaurants understands that no one is happy all the time. That’s why they’re asking guests to order a Whopper meal based on however they might be feeling,” an online release says.

The effort also pokes fun at McDonald’s, which markets Happy Meals, boxed kids’ deals that include a toy. Burger King launched an ad on YouTube showing a montage of people in various emotional states, using the line: “No one is happy all the time. And that’s OK.” The ad swaps Burger King’s well-known chorus from the 1970s, “Have it your way,” with “Feel your way.” The music also has been changed to be more authentic to the idea that people can have a range of feelings. This isn’t the first time Burger King has teased McDonald’s. In December, it sold its trademark Whopper for 1 cent. To get the deal, customers had to download the Burger King app on their phones. Then when they went within 600 feet of any of more than 14,000 McDonald’s restaurants, the app used geolocation technology to “unlock” the Whopper-for-a-penny deal.

The fast-food competitors have also launched rival promotions at similar times and tweak their menus to stay on top of trends. Burger King is trying a vegetarian Whopper, while McDonald’s added a meatier burger to its breakfast menus in October. Burger King, which is owned by Restaurant Brands International, has partnered with Mental Health America for the campaign. The group’s president and chief executive, Paul Gionfriddo, said: “While not everyone would think about pairing fast food and mental health, MHA believes in elevating the conversation in all communities in order to address mental illness Before Stage 4 (when someone has severe symptoms).” “By using its internationally-known reputation to discuss the importance of mental health, Burger King is bringing much-needed awareness to this important and critical discussion — and letting its customers know that is OK to not be OK.” On Monday, Burger King reported a same-store quarterly sales increase of 2.2 percent. It said that price hikes on its nuggets and the reintroduction of its spicy chicken nuggets helped sales, but parent company Restaurant Brands International saw adjusted earnings of 55 cents per share, falling short of estimates of 58 cents per share. McDonald’s latest quarterly earnings, issued Tuesday, beat estimates, with earnings of $1.78 per share, versus an expected $1.75. It said a range of promotions and an investment in self-serve kiosks and other technology helped it beat expectations, though it noted that tech spending will mean higher expenses this year. The limited-edition Burger King meals will be available in Seattle, Miami, Los Angeles, New York City and Austin, Texas, while supplies last.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: lucy handley
Keywords: news, cnbc, companies, range, meal, whopper, happy, thats, health, mcdonalds, mental, takes, unhappy, king, meals, burger


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Shake Shack’s Danny Meyer changed the restaurant industry by breaking all the rules. Here’s how

But he admits that being a trailblazer hasn’t always been easy. The suit was quickly dismissed, and no-tipping policies have increased in recent years. “The fact is, most of our customers have said thank you for doing that. [They said], ‘We don’t want to have to calculate tips at the end of the meal. But I’ve never asked or second-guessed the reasons for which we did this, which was to professionalize an industry.”


But he admits that being a trailblazer hasn’t always been easy. The suit was quickly dismissed, and no-tipping policies have increased in recent years. “The fact is, most of our customers have said thank you for doing that. [They said], ‘We don’t want to have to calculate tips at the end of the meal. But I’ve never asked or second-guessed the reasons for which we did this, which was to professionalize an industry.”
Shake Shack’s Danny Meyer changed the restaurant industry by breaking all the rules. Here’s how Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: barbara booth, adam jeffery, david a grogan, -danny meyer, founder, union square hospitality group
Keywords: news, cnbc, companies, shacks, breaking, end, way, wonder, danny, changed, meal, meyer, industry, youre, dont, york, yearsthe, heres, shake, rules, restaurant, easy


Shake Shack's Danny Meyer changed the restaurant industry by breaking all the rules. Here's how

But he admits that being a trailblazer hasn’t always been easy. After Meyer announced in 2016 that he was moving to a gratuity-included business model, about 40 percent of his longtime front-of-house staffers left the company and a lawsuit was filed against him and several other top New York restaurateurs by a diner, alleging that these “restaurant owners are engaged in a sophisticated unlawful conspiracy to put that money into their own pockets” and that their faithful leader is Meyer, who “spearheaded” it all.

The suit was quickly dismissed, and no-tipping policies have increased in recent years.

“The fact is, most of our customers have said thank you for doing that. [They said], ‘We don’t want to have to calculate tips at the end of the meal. We don’t want to have to wonder throughout the entire meal, Are you only being nice to me in hopes that I’ll take out an extra 20 to 25 percent at the end of the meal?'”

He adds, “You’re going to have to be an idiot not to question yourself along the way, because if it was that obvious and that easy, others would have done it already ahead of you. But I’ve never asked or second-guessed the reasons for which we did this, which was to professionalize an industry.”


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: barbara booth, adam jeffery, david a grogan, -danny meyer, founder, union square hospitality group
Keywords: news, cnbc, companies, shacks, breaking, end, way, wonder, danny, changed, meal, meyer, industry, youre, dont, york, yearsthe, heres, shake, rules, restaurant, easy


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Blue Apron switches meal-kit strategy in hopes of becoming profitable in 2019

But to create a sustainable, profitable business, Blue Apron is changing its strategy. To achieve the profitability it is forecasting for the first quarter of 2019 and the full fiscal year, Blue Apron has stopped pursuing less profitable customers and cut back on marketing. In the fourth quarter, Blue Apron had 557,000 customers with an average revenue per customer of $252. Because January tends to be a popular month for WW and Blue Apron, higher demand stressed the meal-kit company’s capacity.


But to create a sustainable, profitable business, Blue Apron is changing its strategy. To achieve the profitability it is forecasting for the first quarter of 2019 and the full fiscal year, Blue Apron has stopped pursuing less profitable customers and cut back on marketing. In the fourth quarter, Blue Apron had 557,000 customers with an average revenue per customer of $252. Because January tends to be a popular month for WW and Blue Apron, higher demand stressed the meal-kit company’s capacity.
Blue Apron switches meal-kit strategy in hopes of becoming profitable in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: amelia lucas, dan acker, bloomberg, getty images
Keywords: news, cnbc, companies, customers, apron, ww, partnership, result, hopes, switches, strategy, profitable, blue, 2019, company, dickerson, mealkit, revenue, meal


Blue Apron switches meal-kit strategy in hopes of becoming profitable in 2019

Meal-kit companies originally built their businesses using subscription models and deep discounts that didn’t result in long-term customer loyalty. But to create a sustainable, profitable business, Blue Apron is changing its strategy.

To achieve the profitability it is forecasting for the first quarter of 2019 and the full fiscal year, Blue Apron has stopped pursuing less profitable customers and cut back on marketing. Executives said those changes will result in declining revenue and customers but will increase the revenue per customer. In the fourth quarter, Blue Apron had 557,000 customers with an average revenue per customer of $252.

The New York-based company announced on its quarterly conference call that it is launching a new scaled-back version of its meal kits Friday with Walmart’s Jet.com. The $7.99 Knick Knacks meal kit comes with the sauces, spices, grains, dairy and recipe for a two-person meal and lets customers use store-bought produce and protein.

Knick Knacks was the result of Blue Apron’s pilot with Costco, which introduced the company to the challenges of brick-and-mortar retail. Excluding meat and produce in the meal kit extends the product’s shelf life and provides a more flexible option for customers. Although it is choosing to launch the product with the e-commerce retailer, Blue Apron CEO Brad Dickerson said that Knick Knacks could work in brick-and-mortar retail.

It originally partnered with Jet in October to reach customers outside of its stalling subscription business. The company expects that the new product’s profit margins will be similar to those for its current meal kits.

In late December, the company launched a partnership with WW, formerly known as Weight Watchers. Dickerson said it has resulted in higher-than-expected demand from new and existing customers. The company is planning to improve its meal-kit offerings to appeal more to customers interested in health and wellness.

Because January tends to be a popular month for WW and Blue Apron, higher demand stressed the meal-kit company’s capacity. WW had been promoting the partnership at its studios and through emails. According to Dickerson, the wellness company has pulled back some on marketing the partnership but plans to ramp that up soon.

“In summary, we are really pleased with the interest in the product, and that’s really been without any significant messaging and push from WW to date,” Dickerson said on a conference call with analysts.

Blue Apron reported narrower-than-expected losses Wednesday. It said it lost 12 cents per share, 5 cents less than analysts surveyed by Refinitiv had projected. It also beat on the top line, reporting revenue of $140.7 million, compared with an estimate of $137.4 million.

Shares of the company, which has a $283 million market value, rose as high as 10 percent in early trading Thursday before losing most of those gains. Near midday, it was down about 2 percent. In December, Blue Apron’s shares fell below a dollar, and sank as low as 65 cents.

Correction: This story was revised to correct the time references to Blue Apron’s earnings report and stock trading.


Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: amelia lucas, dan acker, bloomberg, getty images
Keywords: news, cnbc, companies, customers, apron, ww, partnership, result, hopes, switches, strategy, profitable, blue, 2019, company, dickerson, mealkit, revenue, meal


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Thanksgiving by the numbers: 45 million turkeys, 3,000 calories, 54 million travelers

Thursday, Americans all across the country will sit down with friends and family to do the same thing: celebrate Thanksgiving. So how many turkeys will the collective country eat? How many calories is that and how much will the meal cost? And how many people will hit the road for the holiday? Here’s your Thanksgiving by the numbers.


Thursday, Americans all across the country will sit down with friends and family to do the same thing: celebrate Thanksgiving. So how many turkeys will the collective country eat? How many calories is that and how much will the meal cost? And how many people will hit the road for the holiday? Here’s your Thanksgiving by the numbers.
Thanksgiving by the numbers: 45 million turkeys, 3,000 calories, 54 million travelers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: catherine clifford, liliboas, istock, getty images
Keywords: news, cnbc, companies, thanksgiving, sit, calories, million, meal, thing, 54, travelers, holidayheres, country, turkeys, numbers, 45, road, 3000, thanksgivingso


Thanksgiving by the numbers: 45 million turkeys, 3,000 calories, 54 million travelers

Thursday, Americans all across the country will sit down with friends and family to do the same thing: celebrate Thanksgiving.

So how many turkeys will the collective country eat? How many calories is that and how much will the meal cost? And how many people will hit the road for the holiday?

Here’s your Thanksgiving by the numbers.


Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: catherine clifford, liliboas, istock, getty images
Keywords: news, cnbc, companies, thanksgiving, sit, calories, million, meal, thing, 54, travelers, holidayheres, country, turkeys, numbers, 45, road, 3000, thanksgivingso


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Swanson salesman Gerry Thomas got $1,000 for inventing the TV dinner

TV dinners started with a mistake. Gerry Thomas, a Swanson salesman who earned $200 a month, had an idea. He dubbed the product a “TV dinner,” drawing on the growing popularity of the appliance at the time. Thomas was not the first person to come up with the idea of a portable, frozen meal. But Swanson’s clever marketing made TV dinners an instant hit.


TV dinners started with a mistake. Gerry Thomas, a Swanson salesman who earned $200 a month, had an idea. He dubbed the product a “TV dinner,” drawing on the growing popularity of the appliance at the time. Thomas was not the first person to come up with the idea of a portable, frozen meal. But Swanson’s clever marketing made TV dinners an instant hit.
Swanson salesman Gerry Thomas got $1,000 for inventing the TV dinner Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: emmie martin, monkeybusinessimages, istock, getty images, -gerry thomas, inventor of the tv dinner
Keywords: news, cnbc, companies, product, inventing, idea, swanson, worldthomas, frozen, dinner, dinners, salesman, gerry, meal, thomas, 1000, tv


Swanson salesman Gerry Thomas got $1,000 for inventing the TV dinner

TV dinners started with a mistake. In 1954, the frozen food company C.A. Swanson & Sons over-ordered for Thanksgiving and found themselves scrambling to figure out a way to sell more than 500,000 pounds of leftover turkey.

Gerry Thomas, a Swanson salesman who earned $200 a month, had an idea. Inspired by the metal meal trays used by airlines and the meal kits he encountered during his time in the military, Thomas developed a three-compartment tray that could hold a frozen dinner and keep each component separate.

He dubbed the product a “TV dinner,” drawing on the growing popularity of the appliance at the time. “I figured if you could borrow from that, maybe you could get some attention,” Thomas told the Associated Press in 1999. “I think the name made all the difference in the world.”

Thomas was not the first person to come up with the idea of a portable, frozen meal. But Swanson’s clever marketing made TV dinners an instant hit. The product featured a picture of a television on the packaging and was touted as a simple alternative to spending hours in the kitchen.

The meals flew off the shelves: More than 10 million units sold in the first year alone.


Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: emmie martin, monkeybusinessimages, istock, getty images, -gerry thomas, inventor of the tv dinner
Keywords: news, cnbc, companies, product, inventing, idea, swanson, worldthomas, frozen, dinner, dinners, salesman, gerry, meal, thomas, 1000, tv


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