McDonald’s said higher US sales in the first quarter helped it overcome weakness in the Middle East and other markets where consumers have been boycotting the brand. The Chicago burger giant said its same-store sales – or sales at stores open at least a year – rose 1.9% worldwide in the January-March period. That was […]
Tag: boycotts
McDonald’s buys hundreds of Israel franchise restaurants after Hamas war triggers boycotts
Pro-Palestinian activists wave flags and hold placards outside a McDonald’s in London in March – BENJAMIN CREMEL/AFP McDonald’s is to buy back 225 of its restaurants in Israel after the fast food chain blamed a boycott in the wake of the Israel-Hamas war for a slump in sales. The US company said it had struck […]
Starbucks is laying off thousands of workers in the Middle East in response to Gaza boycotts
Starbucks’ Middle East franchisee, Alshaya Group, is cutting thousands of jobs at its coffee shops because of a “challenging” work environment as the chain grapples with boycotts over the brand relating to Israel’s war against Hamas in Gaza. In a statement to CNN, Alshaya said the layoffs are the “result of the continually challenging trading […]
Fast-food giants are feeling the burn from Middle East boycotts. Just look at McDonald’s, Starbucks, and Yum Brands’ earnings
McDonald’s reported a rare sales miss in its-fourth quarter earnings report earlier this month. Starbucks is forecasting slower growth for the rest of the year, even lower than what analysts predicted. And Yum Brands, parent company of Taco Bell, also reported a hit to fourth-quarter sales. What do these companies have in common? Besides the […]
Unilever’s sales decline in Indonesia because of anti-Israel boycotts
Unilever is the latest company to report a rough fourth quarter because of boycotts against the company over the war in the Middle East. The company, which makes Vaseline, Dove soaps, Rexona deodorant and other household staples, said that sales declined 15% in Indonesia in the last three months of last year. Unilever said in […]
McDonald’s has bumpy end to strong year after Middle East boycotts hurt sales
Lululemon founder’s remarks have some DEI experts calling for boycotts to combat ‘regressive values’
ATLANTA — Outside the Lululemon shop at Ponce City Market in Atlanta on Thursday, Donna Martin, a Black woman seeking yoga gear, learned that the company’s founder, Chip Wilson, had publicly bashed the notion of the brand embracing diversity. “I don’t get it,” Martin, a project manager at a telecommunications company, said. “But I do […]