Bloomberg
Blame it on Arabica. Starbucks will raise its U.S. cafe and store prices after drought in Brazil pushed up the cost of coffee. Starting June 24, the cafe's prices will rise less than 1%, while the price for Starbucks-branded ground and whole-bean coffees sold in grocery, drug and mass retail stores will increase by about 8%, on average, per Zack Hutson, a Starbucks spokesperson. Dunkin' Brands Group Inc., also said it was mulling a modest price increase.
Businessweek
Even though Americans are buying fewer hot dogs, Nathan's revenues in the 12 months ending in March increased by 15.9% to nearly $83 million, per an SEC filing. Sales in stadiums, movie theaters, and non-Nathan's restaurants increased 20% and the company raised prices in December.
USA Today
For the 20th year in a row, McDonald's ranks dead last in customer satisfaction in a national survey of patrons of 12 major fast-food chains by the American Customer Satisfaction Index. Papa John's and Pizza Hut tied for first place - where Papa John's has ranked for three consecutive years. Two other pizza chains, Domino's and Little Caesars, tied for third place.
Detroit Bureau
Despite plans for the new CTS and updated Escalade, and gains for ATS and XTS sedans, there's turmoil at Cadillac: senior managers have left and sales have unexpectedly tumbled (sales volume dropped 2.3% for the first 5 months this year.) Cadillac's only recently hired U.S. sales chief Bill Peffer has left the company for supposedly personal reasons. He follows Cadillac global strategic development chief Don Butler; Chase Hawkins, who was fired as sales chief for "violating a company policy"; and Susan Docherty resigned last year.
Adweek
Estée Lauder has chosen Johannes Leonardo to be its global AOR, per sources close to the deal. The agency bested Sid Lee for the account. Kantar Media says that in the U.S. alone last year the brand spent about $100 million in media. The assignment includes both traditional and digital ads for the flagship brand. Select Resources International in Santa Monica, Calif., managed the search.
NYSportsJournalism.com
Procter & Gamble men's grooming division Gillette, which has been associated with MLB since 1939 and has used baseball players in ads since 1910, has signed a one-year deal to be title sponsor of the Home Run Derby. The game, which takes place the evening before the All-Star Game next month in Minneapolis is one of the highest rated events on ESPN. Gillette will tout Fusion ProGlide with FlexBall
Detroit Bureau
At a congressional hearing yesterday, General Motors CEO Mary Barra hinted that the ignition switch issue may go beyond GM's doors. It seems that may be true. The National Highway Traffic Safety Administration announced it has opened two probes into similar possible ignition switch defects in about 1.25 million Chrysler vehicles. The investigation, which Chrysler officials said they are cooperating with, actually has a tie to GM's recent issues, according to the safety agency.
Cincinnati Enquirer
For the first time in its history, Cincinnati local-favorite ice cream brand Graeter's is running a national TV campaign to support its availability in 6,000 stores nationwide. The super-premium ice cream brand, which has a long history in the area, is airing two new commercials 27 times a week for the next 16 weeks. The spots are on the Cooking Channel and the Food Network, targeting hard-core foodies.
NYSportsJournalism.com
Panasonic, which has partnered with Nascar's Hendrick Motorsports since 2007, has signed a new deal that expands and extends the alliance. The multi-year pact includes Panasonic's first on-car branding with Hendrick, with the company becoming the primary sponsor of Jeff Gordon's No. 24 team in two Sprint Cup races.
Business2Community.com
A "banned" Grey Poupon commercial is asking the very personal question, "What do you Poupon?" Reddit put it this way: the Grey Poupon commercial you were waiting for since you were six. This video was uploaded to YouTube on June 15 by the OBVS channel (Online Broadcast Virtual Station) and has grossed over 1 million views already. Close to 6,000 thumbs up and only 500 thumbs down. The people who made the video (viewable at the jump) did it for fun, not for the company.