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- Porsche reveals Mission S concept car that previews new design identity
Porsche revealed a concept car called Mission S as part of a turnaround plan that includes efforts to boost profits through higher-end products and lower sales. [TheTopNews] Read More.1 hour ago - KFC to switch to Coca-Cola beverages in U.S. restaurants for the first time in d...KFC is switching from PepsiCo to Coca-Cola as its beverage supplier for U.S. restaurants. [TheTopNews] Read More.2 hours ago
- Popular salad chain makes big changes in bid to win back diners
Sweetgreen is adding lower-priced menu options as it tries to shed its reputation for expensive salads and attract more customers.The Los Angeles-headquartered fast-casual chain rolled out four wraps nationwide in May, all priced below $15 and averaging around $12.50, according to a news release from Sweetgreen.Sweetgreen Chief Financial Officer Jamie McConnell told The Wall Street Journal that the lower starting prices are part of an effort to change how consumers view the chain."When you’d walk into a Sweetgreen, you’d see more things above $15 than you would see under $15," McConnell said.CREAM CHEESE AND DELI SALADS RECALLED OVER POTENTIAL LISTERIA CONTAMINATION"So psychologically, even though a lot of our prices could be lower than some of our peers, we were viewed as a very expensive company because we didn’t have any of those entry prices in," she added.The changes come as Sweetgreen works to improve sales and customer traffic.Sweetgreen's same-store sales fell 6.2% in its latest quarter, prompting the company to cut its full-year forecast. It now expects a 7% to 8% decline, compared with its previous forecast of 2% to 4%, the Journal reported.Sweetgreen said it spent years developing the wraps before testing them in New York, the Midwest and Los Angeles ahead of the nationwide launch.CEO Jonathan Neman said in May that the new menu items were designed to offer "more flavor, more substance, more convenience" at a price point aimed at making Sweetgreen an "everyday choice."Sweetgreen is also working to make pricing clearer for customers building their own salads and bowls.MASSIVE LETTUCE-LINKED OUTBREAK EXPANDS TO 3 MORE STATES WITH OVER 11,000 ILLNESSES"What used to happen is you’d start off with a $10 green bowl, and then you go down the line, add all of these different things, and before you know it, you have a $22 salad, and you’re pissed, right?" McConnell told the Journal."We want to make sure that’s more transparent," she added.McConnell said customers can get a protein, two bases and four toppings for around $13, with dressing and bread included.The chain is also making an effort to speed up service.Some busy locations have assigned workers specifically to wrap assembly during peak hours, according to the Journal."People don’t want to always come into Sweetgreen, because they feel like it’s slow," McConnell told the Journal. "If you can go into a restaurant, be in and out with your salad in under five minutes, that would be the… [TheTopNews] Read More.2 hours ago - ‘I’d spend $1,000 on a wedding present’
New Yorkers share how much they spend on a wedding gift - and how they decide. [TheTopNews] Read More.3 hours ago - Banks expect to be hit in Budget tax raidSenior banking executives have told the BBC they expect to be "on the menu" in a Budget tax raid later this month. [TheTopNews] Read More.5 hours ago
- Tesla’s long-awaited Roadster gets its moment after years of delaysTesla is set to unveil the redesigned Roadster on Thursday after the EV-maker first previewed a next-generation version of its electric sports car nearly nine years ago.The automaker first revealed a prototype of the $200,000 Roadster in 2017 and the company said at the time it would begin deliveries in 2020. While the price of the Roadster hasn't been updated, reservations cost buyers $50,000 apiece.Tesla CEO Elon Musk has downplayed the importance of the Roadster to the company's finances, saying in 2023 that it's a "small potato situation" that wouldn't "move the needle in a major way financially."While the Roadster may not be a key part of Tesla's auto lineup from a financial perspective, high-performance luxury sports cars can serve as platforms for the automaker's technology.TESLA REOPENS ROADSTER RESERVATIONS – BUT YOU'LL NEED $50KMorningstar analyst Seth Goldstein said in a note last month that "Tesla does not currently have a halo car, or high-performance luxury vehicle designed to showcase an automaker's best engineering and technology. The Roadster will be Tesla's new halo car."Musk said in 2017 that a four-seat, next-gen Roadster would be able to travel 620 miles on a single charge, though he said in a 2024 post on X that the car had been redesigned.In his update, Musk said that the new Roadster would accelerate from 0 to 60 miles per hour in less than a second, which he explained was the "least interesting part" as he added the vehicle was a collaboration between Tesla and SpaceX, the space exploration company Musk also leads.TESLA POSTS STRONGER-THAN-EXPECTED QUARTERLY DELIVERIESGoldstein expects Tesla will sell about 2,000 Roadsters a year, which would represent a small fraction of the 1.6 million vehicles the company sold last year.Tesla's original Roadster was released in 2008 and on sale until 2012. It was the company's first EV and was built on a Lotus Elise chassis, and paved the way for Tesla's Model Y and Model X SUVs and its Model S and Model 3 sedans.The reveal of the second-generation Roadster comes amid Tesla's shift in focus to artificial intelligence (AI) to power self-driving technology and robotics.SPACEX AND TESLA CHOOSE TEXAS FOR AI CHIP MANUFACTURING PLANT THAT WILL BE WORLD'S LARGEST BUILDINGTesla stopped selling Model S and Model X vehicles to make space for production of its Optimus humanoid robots.The company also launched Cybercab, a two-seater robotaxi that doesn't have manual controls like a steering wheel,… [TheTopNews] Read More.5 hours ago
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