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McDonald’s CEO Flags Consumer Strain, Brings Back Value Deals McDonald’s CEO Flags Consumer Strain, Brings Back Value Deals
McDonald’s CEO Flags Consumer Strain, Brings Back Value Deals America’s diners are splitting into haves and have-nots, and McDonald’s is feeling it, CEO Chris Kempczinski says. In an interview with CNBC’s Squawk Box earlier this month, Kempczinski described a “two-tier economy” in which higher-income consumers remain confident while lower- and middle-income Americans are under mounting pressure when they eat out.  He said recent sales analysis shows the divide growing, with value-focused guests pulling back or trading down. To meet the moment, McDonald’s is leaning harder into deals. The chain is rolling out an Extra Value lineup that inclu…

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by Joe Lombardi
Business
Home Depot Adds DoorDash, Uber Eats For On-Demand Deliveries Home Depot Adds DoorDash, Uber Eats For On-Demand Deliveries
Home Depot Adds DoorDash, Uber Eats For On-Demand Deliveries Forget about only getting dinner delivered, you can now use Uber Eats and DoorDash to order tools, hardware, and other things you need to complete home projects. The Home Depot has expanded its delivery options by teaming up with DoorDash and Uber Eats, the home improvement chain said in a news release on Wednesday, Jan. 22. The on-demand delivery apps will be able to bring customers some supplies and materials in as little as an hour. The apps join other options for the store like Instacart, same-day deliveries through the Home Depot website, and free next-day delivery. "We've n…

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by Chris Spiker
Business
Payback Time: NY Delivery Drivers Will Get Cut Of $4M Settlement Over Withheld Tips Payback Time: NY Delivery Drivers Will Get Cut Of $4M Settlement Over Withheld Tips
Payback Time: NY Delivery Drivers Will Get Cut Of $4M Settlement Over Withheld Tips Thousands of local delivery drivers are in for a much-deserved payday. Drizly, a now-defunct alcohol delivery platform, reached a $4 million settlement with the State of New York on Tuesday, Dec. 17, for failing to ensure that delivery workers received their rightful tips. According to New York Attorney General Leitita James, Drizly encouraged customers to tip delivery workers but sent the funds to liquor store owners instead. Store owners were responsible for distributing the tips, but in many cases, workers did not receive the money they earned. The investigation also revealed that Driz…

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by Michael Mashburn