Greg Joswiak, previously Apple's head of product marketing, will become senior vice president of worldwide marketing, replacing Phil Schiller, longtime marketing head. "Marketing is a huge role inside of Apple that goes beyond simply advertising products, so this marks a significant change within the company," per The Verge. Schiller, who's faced some criticism for such issues as "the company’s often confusing App Store rules," will remain in charge of the App Store and Apple Events.
7-Eleven is inking a $21 billion deal with Marathon Petroleum Corp. to acquire 3,900 Speedway locations in 25 states, resulting in a network of 14,000 stores. The acquisition is the largest in company history. “Following the transaction, 7-Eleven will have a presence in 47 of the top 50 most populated metro areas in the U.S., positioning the company as a clear industry leader in a fragmented industry with favorable macroeconomic trends,” according to Supermarket News.
Nordstrom created an influencer campaign that highlights the luxury retailer’s new safety measures. Instagram posts show the influencers “clad in trendy clothing and masks” and “photographed in unusual and notably spacious parts of the store like the Nordstrom x Nike sneaker boutique
,” according to The New York Times
. “The posts all praised Nordstrom’s safety measures, like mandatory masks, abundant hand sanitizer and adherence to social distancing.”
Dunkin’ added another 350 stores to its closure list. The company expects to close up to 800 underperforming U.S. stores this year due to the pandemic. The company had previously announced the closing of 450 stores within Speedway gas stations. Dunkin’ chief financial officer Katherine Jaspon said during a conference call with investors that the 800 stores represent 8% of Dunkin’s US footprint but just 2% of its sales.
Shake Shack plans to add a restaurant with a drive-thru as part of a strategy to diversify the format of its stores, which have lost business due to the COVID-19 pandemic. “The new drive-thru restaurant, planned next year, could have at least three lanes dedicated for mobile pick-up orders, as well as in-person drive-thru ordering like a traditional fast-food chain, according to a rendering the company released,” per Nation’s Restaurant News. The company said it is looking to test drive-thru locations in suburban high-traffic markets, but didn't name any specific locations.
With many restaurants still shuttered nationwide due to the pandemic, consumers are cooking up a storm at home. As a result, Tupperware shares jumped 68% Wednesday after the company said that it weathered coronavirus-related shutdowns in the second quarter. Tupperware salespeople became more productive in the quarter by using digital tools to secure sales as many consumers stayed home, the company said.
Apple's new iPhone — expected to be called the iPhone 12 — will be delayed from its traditional end of September release until mid-to-late October due to supply chain issues. “While the pandemic slowed down Apple's supply chain, it had the opposite on consumers, who responded to work at home rules by buying more iPhones, iPads, Macintosh computers and Apple Watches, and viewing more iTunes movies than usual,” according to USA Today.
McDonald’s quarterly report is starting to sound familiar. Although business started to improve, the company still took a huge hit. Of the chain's 39,000 restaurants worldwide, 96% are now open, compared with 75% at the start of the second quarter. Comparable-store sales that were down 39% in April were down only 12% by June. “McDonald’s has learned to adjust our operations to this new environment,” said President and CEO Chris Kempczinski during a conference call with investors.
Starbucks reports its business is “steadily recovering” worldwide, as most of its stores have reopened with the easing of pandemic-related restrictions. The coffee chain reported a 40% decrease in global same-store sales driven by a 51% drop in traffic during a challenging third quarter marred by COVID-19 shut downs. “The disappointing quarter — accentuated by café closures and a significant decrease in daily commuters — was offset by a 23% increase in ticket growth,” per Nation’s Restaurant News.
Everlane, a fashion brand that targets the ethically minded with minimalist basics, promised “radical transparency” including revealing its pricing markups, its clothing suppliers and its ecological footprint. But now it is facing allegations of hypocrisy. Former employees have accused the company of anti-Black behavior and union busting, and of selling an image to the world that did not reflect their damaging experiences inside the company, according to The New York Times.