konceptjones
The one between three and three.
Corporate greed got these fast food spots really thinking they're able to compete with low-end sit down joints price-wise. That reality check is coming in swiftly.
Corporate America may be bumping up against the limit of its power to keep raising prices as consumers in some markets cry uncle.
At McDonald's, which has repeatedly boasted about its ability to raise menu prices without denting sales, executives are finally acknowledging that customers need a break.
On Monday, as the burger chain reported weaker-than-expected sales at its US stores, CEO Chris Kempczinski addressed McDonald's "affordability" problem, and indicated the chain would cut prices on some menu items.
"Eating at home has become more affordable," Kempczinski said.
$3 for a single McDonald’s hash brown? Customers are pushing back
Corporate America may be bumping up against the limit of its power to keep raising prices as consumers in some markets cry uncle.
www.abc12.com
Corporate America may be bumping up against the limit of its power to keep raising prices as consumers in some markets cry uncle.
At McDonald's, which has repeatedly boasted about its ability to raise menu prices without denting sales, executives are finally acknowledging that customers need a break.
On Monday, as the burger chain reported weaker-than-expected sales at its US stores, CEO Chris Kempczinski addressed McDonald's "affordability" problem, and indicated the chain would cut prices on some menu items.
"Eating at home has become more affordable," Kempczinski said.