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| Topic: McDonald's Closing More Locations, low performing = Japan, C | |
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Edited by
2OLD2MESSAROUND
on
Thu 04/23/15 09:27 AM
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NEW YORK �� (MCD) Hundreds of McDonald��s restaurants have already been closed this year amid the companys financial struggles and hundreds more are set to close after Wednesday��s first quarter earnings report.
According to McDonald'��s executives, the company saw a global sales decrease of 2.3 percent in the quarter that ended March 31. The company also reported an 11 percent decrease in total revenues, reports Fortune. The report revealed that 350 McDonald��s locations were closed worldwide during the quarter but apparently that wasn'��t enough. Company executives said they planned to slash $72 million of asset write-offs by closing ��about 220 under-performing restaurants, primarily in the U.S. and China, as well as 130 restaurants in Japan. ***for the entire article >>> http://www.dbtechno.com/business/2015/04/23/mcdonalds-closing-hundreds-of-stores-mostly-in-japan/ Remember that 'Pink-GOO' that was reported as part of the meat by product for the beef supplier for McDonalds! Naaa, that wouldn't have had anything to do with their decrease in sales and location closing - RIGHT??? 'Pink Slime' Makes Comeback as Beef Prices Spike
Surging U.S. Beef Prices Revive Ingredient That Nearly Disappeared Two Years Ago By Jacob Bunge and Kelsey Gee Updated May 23, 2014 6:58 p.m. ET Surging U.S. beef prices are helping to revive a meat product that all but disappeared two years ago. Finely textured beef, dubbed "pink slime" by critics, is mounting a comeback as retailers seek cheaper trimmings to include in hamburger meat and processors find new products to put it in. Just in time for the summer barbecue season, the finely textured beef product known as pink slime is making a comeback. WSJ's Kelsey Gee joins the News Hub with Sara Murray. . Sales of the ingredient—processed from beef scraps left after cattle are butchered—collapsed in 2012 after a social-media frenzy spurred by television reports raising questions about its legitimacy as a beef product. The ingredient's two largest producers, Beef Products Inc. and Cargill Inc., closed plants that made it and cut hundreds of jobs—while defending the product's quality and pointing out that the U.S. Department of Agriculture deems it safe. Today, Cargill sells finely textured beef to about 400 retail, food-service and food-processing customers, more than before the 2012 controversy, though overall they now buy smaller amounts, company officials said. Production of finely textured beef at Beef Products has doubled from its low point. http://www.wsj.com/articles/SB10001424052702303749904579579991127674958 YUMMY - for the tummy!!! |
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Yay, for McSh!tburger closing!
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Oh well. That's too bad.
It means a bunch of people are going to lose their job. I mean hundreds of stores are closing and each mcdonald's probably employs around 30-60 people. Hopefully something new comes in to those sites offering jobs for that skill level. I would like a reporter to speak to any mcdonalds employee that is still demanding 15 bucks an hour to see what effect this has on their views. |
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