Sep 22, 2010 7:46 AM
Time to git yr learnin on! Everybody Loves Coupons, of UltimateCoupons.com fame, is a blog about, what else, coupons: how to use 'em, where to get 'em, and saving serious cash with 'em. But lurking inside this unassuming blog are some surprisingly well-researched and interesting articles about the economy, seasonal trends, and our future as a society. So take a gander and then you can say, "Hey Ma! I's smart!"
Fast-food restaurants, once thriving in a down economy, have hit hard times as sales have slowed for most chains in 2010. One of the casualties is combo chain Wendy's-Arby's. Wendy's reported a 1.7 percent decline in same-restaurant sales in August while Arby's registered a 7.4 percent decline. The decline in sales has led to talk that the chain, acquired in 2008 by billionaire investor Nelson Peltz, may be up for sale again. "They're a legitimate candidate to shop to private equity," said Matthew DiFrisco, senior analyst with Oppenheimer & Co. Over at Jack in the Box, things are even worse. The company reported a 9% decline in revenue for its third quarter, driven by a 9.4 percent decline in sales at company-owned restaurants. Executives cited low consumer confidence along with high unemployment in key markets like Texas and California as reasons for the sharp decline in sales (California's 12.4 percent unemployment rate is third-highest in the nation).