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Innovation
Burger King Adds Impossible Foods' Meatless Sausage on its Breakfast Menu Nationwide
Burger King has announced it will be adding Impossible Foods' meatless sausage as a breakfast sandwich item, which makes Burger King the first national chain to add Impossible Foods' meatless sausage according to the CNBC article. The new menu item will be titled the Impossible Croissan'wich and is available for a limited time at participating locations. To help promote this new item, the brand is giving away up to 100,000 of them through its mobile app with any purchase of at least $1.
According to the CNBC article, "A new menu item made with a meat alternative could spur breakfast sales for Burger King. Nearly a year ago, in response to the craze for plant-based meat alternatives, Burger King added the Impossible Whopper, made with Impossible's meatless burger, to menus nationwide. The burger lifted traffic and sales for the chain. Earlier this year, Burger King included the meat-free burger in its 2 for $6 promotion in an effort to appeal to more price-sensitive customers."
Wawa Hosts Virtual Grand Openings for New Stores
Wawa has announced it will be hosting grand openings for its new stores virtually. The brand opened a store on June 10, and it shared the video experience through social media.
"At Wawa, our core purpose is to go beyond filling orders to fulfill lives, every day, and that has never been stronger than now as our nearly 900 stores unite together to provide support in the form of food, fuel, food donations, funds and the one-of-a-kind Wawa experience that delivers care and hope no matter the circumstances," said President and CEO Chris Gheysens in a Wawa press release.
Panda Express Introduces Direct Delivery
Panda Express has announced the introduction of direct delivery. According to the QSR Magazine article, this delivery service is being launched a year ahead of time. The brand had previously only offered delivery through third-party apps like Uber Eats and Postmates.
According to this article, "To celebrate the launch of its delivery service, Panda Express is offering free delivery beginning June 18 through July 1 on orders over $10. Just in time for Father's Day, guests can treat their dads to American Chinese favorites such as Orange Chicken and Black Pepper Angus Steak. To sweeten up this news, Panda Express has begun bringing back its full menu at locations across the nation."
Airlines
United Expects to Have Approximately $17 Billion in Available Liquidity by September 2020
United Airlines has announced that it expects to have $17 billion in available liquidity by September of this year. This amount is also thanks to $5 billion of committed financing from the brand's loyalty program, MileagePlus.
According to a United Airlines press release, "The company believes it has sufficient slots, gates and routes collateral available to meet the collateral coverage that may be required for the full $4.5 billion available to the company under the Loan Program. This $9.5 billion of additional liquidity will provide even more flexibility as the airline navigates the most disruptive financial crisis in the history of aviation."
News
Marathon Petroleum Pushes Back Timing of Speedway Separation
Marathon Petroleum and Speedway have announced the Speedway separation, which would make Speedway an independent company, will not take place until 2021.
"In light of the impacts of the COVID-19 pandemic on market conditions, MPC continues to assess the timeline for the Speedway separation. The initial target for the separation was the fourth quarter of 2020 but has been revised to early 2021," said Molly Benson, MPC's vice president, chief securities, governance and compliance officer and corporate secretary, in a Marathon Petroleum press re
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[ad_1] New Retail Habits from Coronavirus ‘Ingrained’ in Shoppers, Tractor Supply CEO Says While the pandemic has caused customers to change their buying habits, an article in CNBC reports […]
