Retail, Associations, Banking & Finance, Brand News, Cold Chain, Commercial Property, CRM, CSI, Distribution, E-commerce, E-Commerce Awards, Exhibitions & Events, Fashion, Clothing & Textiles, FMCG, Franchising, Green Sustainability, Health & Safety, Hospitality, Import/Export, In-store Media, Informal Retailing, Logistics, Manufacturing, Merchandising, Packaging, Refrigeration, Regulatory, Research, Retail Marketing, Retail Services, Retail Trends, Retailers, Sales, Security, Shipping & Transport, Shopfitting, Supply Chain, Technology, Training |
100,000 Big Macs in a day In the fast food service industry, value for money has become the order of the day. "Food is not a luxury and quite honestly it is cheaper to eat fast food than it is to eat supermarket food in many cases," said Carlo Gonzaga, CEO of Taste Holdings. McDonald's SA's 20th birthday a couple weeks ago saw the sale of over 100,000 Big Mac Medium Meals at R19.95 within the first two hours. CEO Greg Solomon said, "You need to be more diverse and have a better offering. If you're just selling one product, that's not good enough." According to Statistics SA, coffee shops have contributed to around 2.8 percentage points of the positive annual growth around takeaway and fast food. They have also had a 7.1% increase in income since 2014 with impressive growth throughout the country. KFC's relaunch campaign earlier this year resulted in a R3.1m gain in coffee sales and an overall breakfast sales increase of R1m. French bakery-café brand Paul International signed a 10-year license agreement with Famous Brands. Group CE, Kevin Hedderwick, comments: "This partnership is the culmination of a two-year courtship between Famous Brands and Paul. For some time, it has been the group's stated intent to enhance the contribution of our premium-end portfolio and, therefore, we are particularly delighted to add a brand of the stature of Paul to our existing elite brand bouquet." Jessica Taylor, Retail Editor (@Biz_Retail)
Comment online in our ed's column archive. Go mobile with apps and m.bizcommunity.com. Engage with us on Twitter, Facebook, LinkedIn and Google+. Subscribe to YouTube and via RSS. Send all your retail news and event invitations to retailnews@bizcommunity.com, exclusive opinion pieces to contributors-retail@bizcommunity.com and international news to internationalnews@bizcommunity.com. Read "How to contribute to Biz, from op-ed pieces to news". | Today's top stories |
|  | [Anna Malczyk and Lyndi Lawson-Smith] E-commerce in South Africa faces many challenges. From the consumer perspective, these include reluctance to pay delivery costs, confusion around payment and the need for a credit card, security, and the ability to return items or get money refunded... read
| |
|
| | |
 | Rhodes Food Group said on Monday its business had generated strong operating cash flows in the year ended 27 September 2015... read | | |
 | K-Way Manufacturers, the manufacturing division of the Cape Union Mart Group, has been recognised by the Fibre Processing & Manufacturing SETA (FP&M SETA), for providing opportunities for young people to work and acquire skills in the clothing industry... read | | |
 | Issued by Pyrotec As we draw closer to the end of the year and enter the festive season, many consumers are hitting the shops and if your product is the one lying flat and at the bottom of the shelf, don't expect many sales... read | | |
 | It takes 20 years to build a reputation and five minutes to ruin it, Warren Buffett observed. It is a sobering fact that has hit Lewis Group with a vengeance... read | | |
 | Zeenat Moorad Edcon, the retailer whose chains include Edgars, CNA and Legit, will make sweeping changes under new boss Bernie Brookes as the ailing group tries to claw back market share... read | | |
 | Toys R Us has launched a new online shopping app to purchase toys, gaming and baby products via their mobile devices... read | | |  | PARIS - Toys R Us said on Friday it will remove from its shelves toy guns and other kids' toys in France that could confuse police in light of the Paris attacks... read | | | More International | |
|
 | Douglas Kruger Innovation, and the art of capturing ideas on the fly... read | | |  | The winners of the 2015 Klink Awards wine tourism competition have been announced after two months of online voting in which 11,373 unique votes were cast. read | |
|
| | | | | | | |
| Charles Koch "We must measure what leads to results, not simply what is easy to measure." |
More quotes Submit a Quote | |
 | Print any item in this newsletter. |
 | Email any item in this newsletter. |
 | Comment on any item in this newsletter. |
|
|
|
|  Twitter |
|
|
