Company
Location-analytics firm that tracks foot traffic at retail and dining locations using mobile location data for retail and real-estate research.
McDonald's US comparable sales rose 0.8% last quarter despite $5 and $6 meal deals, against 8.5% at Burger King. Its turnaround now depends on franchisees spending $1 million a store on remodels after the deal blitz irked them.
Reality
McDonald's runs a model on purchases at nearly 14,000 restaurants to suggest a price for every menu item, Reuters reports. The company calls the suggestions optional, and owners describe a rollout that tracks their departures from them.
Perspective Coverage
3 publishersReality
Sweetgreen cut its full-year same-store sales forecast to a 7-8% drop from 2-4% after a cyclospora outbreak tied to lettuce its cofounder says it never buys. Its shares are still up nearly 28% this year on a recovery its own forecast has yet to show.
Reality
Spending and Michigan sentiment both slipped, pushing odds of a Fed hold to 71.2%. For rate-sensitive books, the print that removes hike risk adds credit risk.
Perspective Coverage
4 publishersReality
Costco same-day delivery is now live on three national apps in the US. What separates them is whether the shopper has to link a paid membership before the order will go through.
Reality
Green Street has survivor-mall values up 13% over the past year, the best of any major commercial real estate sector, while its own retail analyst counts roughly 250 of about 900 tracked malls actually benefiting.
Reality