Airbnb said Tuesday that it made a second-quarter profit as a public company, and that it’s so confident in its business that it’s buying back $2 billion of its stock. “Our results for the second quarter show that Airbnb has achieved broad-based growth and profitability,” CEO Brian Chesky said during prepared remarks on the company’s …
As wage increases begin at Starbucks coffee shops across the United States Monday, labor regulators are asking the coffee giant to extend benefits to union stores as well without going through the bargaining process. The request comes after Starbucks announced in May that it would raise workers’ wages and add other benefits such as a …
Starbucks union asks coffee giant to extend wage and benefits hike to union stores Read More »
The lunch rush in Midtown is back. On a sweltering summer’s day in midtown Manhattan, where no one is supposed to be working anymore, a fashionable crowd lined the sidewalk in front of Cava’s fast Mediterranean restaurant. The Greek-inspired series’ Broadway and 38th Street location was jokingly hailed as “the toughest club to get into …
New York City workers wait 90 minutes in line for a modern cava lunch Read More »
Three months ago, Wingstop put a shocker in its earnings statement: It was seeing the contraction in chicken wings costs. The chicken chain repeated the trend with its latest results Thursday morning and its stock rose 20% on the back of the news. “We are benefiting from massive shrinkage in the wings,” CEO Michael Skipworth …
It was supposed to be one of the hottest places for this summer, but it left customers cold. The opening of Gaetano Island – an offshoot of a popular Tulum bar and restaurant that has long had scenic seasonal pop-ups in downtown New York – was relentlessly anticipated. Founder James Gardner told The Post he …
Getano Island is the latest disappointing scam in New York City Read More »
McDonald’s and Chipotle Mexican Grill say inflation-stressed customers are choosing cheaper menu items and visiting their restaurants more often, indicating trends that could hit the broader restaurant industry. The two companies were among the first restaurant chains to report second-quarter results. Wingstop, Starbucks and Yum Brands, owner of Taco Bell, are set to release their …
New York CNN Business – McDonald’s raises menu prices and customers eat them. The company said Tuesday that sales at US McDonald’s restaurants that open at least 13 months ago jumped 3.7% in the second quarter. This growth was driven by higher menu prices and “value offerings” on its regular menu as well as through …
McDonald’s Profits: Customers ignore high menu prices as revenue rises Read More »
French fries are the perfect companion to any restaurant meal, sandwich or burger. However, a global shortage of fry caused by supply chain issues has caused fast food establishments to rush for other side dish options, just as tasty, to keep customers happy. McDonald’s MCD He even had to take large fry from the menu …
McDonald’s menu adds an interesting new side dish Read More »
I was completely washed out – sad for the city. Beware of false assertions from city officials, rushing to save face – I don’t expect Central Park Boathouse to come back to life anytime soon after the restaurant closed its doors in October. “We intend to engage a future operator as soon as possible,” Parks …
New company sought to close Central Park Boathouse Read More »
The prominent lakeside wedding venue in Central Park will be closing, launching paddle boat rentals and the Loeb Boathouse Restaurant this fall. In a notice filed with the New York State Department of Labor this month, owner Dean J. Paul formalized his plans to permanently close the business “due to rising labor and merchandise costs.” …
The famous New York City Boathouse will be closed due to rising costs Read More »
