Chicago Tribune
McDonald's has seen significant sales and earnings growth in its two-year effort to transform itself, thanks to promotions like all-day breakfast. But it has an Achilles' heel: It's still not bringing more customers in the door. Executives at the world's largest burger chain said that will be a top priority this year, despite the expectation that restaurant industry growth will be slow or stagnant.
Women's Wear Daily
Sustainability is making strides in the hair-care industry in a big way. Procter & Gamble Co.-owned Head & Shoulders brand announced it will produce a recyclable shampoo bottle made from up to 25% post-consumer recycled beach plastic, a first for the hair-care industry.
Chain Store Age
The department store retailer has teamed up with the athletic giant to open Nike branded in-store shops in more than 600 Penney locations across the country. Anchored by a Nike swoosh, the 500-square-foot shops are located within the men's department,
Chicago Tribune
McDonald's is two years into an effort to streamline its menu to cut costs and speed service while allowing it to better compete with "better burger" rivals like Five Guys, M Burger and Shake Shack. The new sizes of Big Macs are meant to spur sales without complicating work in the kitchen, especially now that all U.S. restaurants are serving breakfast all day.
Cincinnati Enquirer
Procter & Gamble reported a $7.9 billion second-quarter profit Friday, a 146% increase from the same period a year ago. Two-thirds of P&G's profit total, about $5.3 billion worth, came from the divestiture of beauty brands. Total sales declined 0.3% to nearly $16.9 billion.
SFGate
A report finds that U.S. airlines remain way ahead of their foreign counterparts in the availability of in-flight Wi-Fi. However, the world's airlines have quite a ways to go in offering what is called the "best" Wi-Fi, i.e., "comparable to a home connection" in that it offers the highest speeds available and permits advanced media streaming.
Brand Channel
Veuve Clicquot is developing a 100% biodegradable and recyclable carton design using paper from a blend of grape residue and natural fibers. The process saves 5.2 tons of virgin fiber per batch. And just in time for Valentine's Day and Mother's Day, the brand is bringing back Clicq'call-a punning (and talking) limited-edition gift box featuring its rose Champagne.
Los Angeles Times
Paul McCartney sued music publisher Sony/ATV over the rights to 267 songs that he penned for the band with co-writer John Lennon. For decades, the catalog was a point of contention between McCartney and Michael Jackson, who owned half of the rights in a joint venture with Sony/ATV until his death in 2009.
Business Insider
Mondelez has sold several brands including Vegemite to Australian firm Bega Cheese Ltd. for $348 million The right to produce Kraft-branded products, from processed cheese to peanut butter and mayonnaise, are part of the sale, but Philadelphia cheese products are not included. The Kraft license will be royalty-free until December as part of transitional arrangements.
Reuters
The Japanese motoring company said on Wednesday it was ending its association with reality TV show "The New Celebrity Apprentice" because of President-elect Donald Trump's continued involvement as an executive producer. Citing feedback from customers, unease among its executives, and a grassroots boycott campaign, Kawasaki said it would no longer sponsor or take part in the show.