Search

The article presents briefs covering world business news. The Hershey Trust let go six out of its ten people on the board of directors. Yahoo! settled a lawsuit on November 14, 2007 brought on by families of a Chinese journalist. Nelson Peltz of Triarc put a bid on Wendy's International on November 12, 2007.

When managers from Wendy's International and Tyson Foods got together in 2003 to craft a supply chain partnership, each side had misgivings. There were those in the Wendy's camp who remembered past disagreements with Tyson and those on the Tyson side who were wary of Wendy's. But the companies had a tool, called the "partnership model," to help get things started on the right foot. Drawing on the experiences of member companies of the Global Supply Chain Forum at Ohio State University, the model offers a process for aligning expectations and determining the most productive level of partnering. It rapidly establishes the mutual understanding and commitment required for success and provides a structure for measuring outcomes. This article puts the tool in the reader's hands. Partnerships are justified only if they stand to yield substantially better results than the firms could achieve on their own. And even if they are warranted, they can fail if the partners enter them with mismatched expectations. Over the course of a day and a half, the partnership model elucidates the drivers behind each company's desire for partnership, allows managers to examine the conditions that facilitate or hamper cooperation, and specifies which activities managers must perform to implement the relationship. This tool has proved effective at Wendy's and elsewhere in determining what type of partnership is most appropriate. Colgate-Palmolive, for example, used it to help achieve stretch financial goals with suppliers of innovative products. But the model is just as effective in revealing that some companies' visions of partnership are not justified. In matters of the heart, it may be better to have loved and lost, but in business relationships, it's better to have headed off the resource sink and lingering resentments a failed partnership can cause. [ABSTRACT FROM AUTHOR]

The $144 billion fast-food industry, which serves almost a third of all American adults daily, is undergoing a shift. Or so, at least, it appears. The fast-food industry has been targeted as the primary villain in the obesity crisis. The problem is devising healthier menu items that can work in a fast-food context. The industry is adding new menu items that are genuinely healthier, knowing they are likely to be poor sellers. It is also offering menu alternatives that create the illusion of being healthier even though they are not. Fast-food marketers have learned that consumers often perceive an item that sounds higher quality as better for them, even if no mention is made of health or nutrition. Clearly, Wendy's and other fast-food companies understand something fundamental, and contradictory, about consumers: No matter how much they tell pollsters they care about healthy food, they do not really care once they enter a fast-food restaurant. INSET: THE CHECKERED HISTORY OF 'HEALTHY' FAST FOOD.

One of the biggest themes to emerge from this year's Top 500 ranking is the continued slowdown of chain growth. Aggregate sales from the Top 500 chains rose just 3.1% [...]

TOP 250 THE RANKING RANKED BY 2017 U.S. SALES, THIS LIST OF THE 250 LEADING CHAINS OFFERS A SNAPSHOT OF TECHNOMIC'S TOP 500 CHAIN RESTAURANT REPORT, PROVIDING A BIG-PICTURE VIEW [...]

The article reports on the performance of U.S. businesses in 1978. It reports that the year was not as bad as expected for U.S. companies, with sales rising to 13 percent for the year from the previous period's 12.2 percent, while profits were up by 15.4 percent. It reports that the top company in terms of stock value is computer firm International Business Machines Corp., while the last ranked company in the top 500 list is fast food chain Wendy's International, valued at 308 million dollars.

THERE'S NO DENYING THAT 2016 WAS A ROUGH YEAR FOR CHAIN RESTAURANTS. Same-store sales slowed, hitting full service especially hard. Fast casual's sales growth fell below 10% for the first [...]

Juan Carlos "Carl" Loredo, previously the Global Chief Marketing Officer at Wendy's, has been appointed as the President of Pizza Hut U.S. He will assume his new role on June 3, filling the vacancy left by David Graves. Loredo's appointment comes as Pizza Hut's parent company, Yum Brands, focuses on digital sales, which accounted for over 50% of the company's sales mix last quarter. Pizza Hut has been working to improve its performance, including increasing the number of restaurants open late and strengthening its competitive edge in snacking occasions. However, the brand has experienced a decline in same-store sales and systemwide sales in the U.S. this year. Loredo's experience in driving results and growing digital sales at Wendy's makes him a valuable addition to Pizza Hut. He will report to Pizza Hut division CEO Aaron Powell. [Extracted from the article]

Offers U.S. news briefs. Reports on the delay of the nomination of John Bolton as United States Ambassador to the United Nations; Reports on the investigation of alleged misconduct by House Majority Leader Tom DeLay; Announcement by Vermont Senator Jim Jeffords that he will not run for re-election; Details of Zacarias Moussaoui's guilty plea related to his involvement in the September 11, 2001, terrorist attacks; Report released following a Congressional investigation of spending abuses at the Department of Homeland Security; Announcement that a woman who claimed to have found a finger in a bowl of chili at Wendy's restaurant has been arrested.

Regional Limited-Service chains focusing on high-quality food and community involvement continued to gain market share from larger, more mature brands in the Latest Year. Jersey Mike's Subs was the fastest-growing [...]

RANKED BY 2015 U.S. SALES, this list of the 250 leading chains offers a snapshot of the Technomic Top 500 Chain Restaurant Report. It provides both a big-picture view of [...]

The article reports on the business competitions among fast food chain in the U.S. As reported, Mcdonald's Corp., Burger King Corp., and Wendy's International Inc. are competing to attract costumers. Mcdonald's is planning to make few changes on its menu, while Wendy's is diversifying beyond burgers. Meanwhile, Burger King is expanding their menu and promoting adult-oriented advertising. Aside from product competition, Mcdonald's and Burger King are having conflict with their advertisement.

This article focuses on the marketing strategy of Wendy's International Inc. Wendy's is doing surprisingly well. In the first quarter of this year market share rose to 11.5% from 9% a year before, according to research commissioned by the company. Wendy's success at broadening its menu, in fact, is a major reason the chain is doing better than bigger competitors. Wendy's chairman Robert Barney said that they have never rolled out a product that they later had to remove from their menu. Smart product research helps Wendy's avoid big mistakes. Five years ago, for example, the company had four people working on menu extensions. But with high beef prices that helped cut earnings 6% in 1979, executives realized that diversification was essential.

Recently, The Wendy's Company and the National Labor Relations Board settled the NLRB General Counsel's complaint that numerous provisions in the corporation's employee handbook were unlawful. In a public memo, the General Counsel discussed the provisions of the Wendy's handbook he believed to be unlawful and the reasons why. Employers are invited to read the provisions and decide whether their own handbooks may have similar unlawful provisions. [ABSTRACT FROM AUTHOR]

Quick-service operators opened their eyes to the potential of morning meals years ago, and today a profusion of sandwiches, burritos, wraps, melts, oatmeals and coffee drinks await early-bird guests at [...]

In the quick-service restaurant (QSR) category, top-of-mind brands maintain success. When hunger strikes, the consumer thinks and acts fast. Dublin, Ohio-based Wendy's International Inc. has spent more than three years [...]

Despite the uneven economic recovery, America's largest foodservice chains and companies have rebounded from the Great Recession sales depression in their latest completed fiscal years, according to the 38th edition [...]