Business

The recent lawsuit filed by Washington, D.C., Attorney General Brian Schwalb against StubHub sheds light on the online ticket exchange platform’s alleged unfair pricing practices. The lawsuit accuses StubHub of engaging in deceptive advertising by displaying low ticket prices upfront, only to significantly increase the total cost during the checkout process. Schwalb’s statement condemning StubHub’s
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McDonald’s executives recently discussed their struggle with recapturing consumers with deals after facing a challenging second quarter. U.S. President Joe Erlinger emphasized the importance of affordability, noting that the company had difficulty selling diners on this aspect. He also mentioned that industry and competitive challenges are likely to persist throughout the year. Despite this, he
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McDonald’s executives recently admitted that consumers view their prices as too high, especially lower-income consumers who have been hit hard by inflation. This revelation came during the company’s second-quarter earnings call, where executives discussed the need to evaluate their pricing strategy in order to provide better value to customers. Despite being seen as the value
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In recent times, the $5 meal deal has become a popular strategy adopted by fast-food chains in an attempt to attract budget-conscious customers. Chains such as McDonald’s, Taco Bell, Burger King, and Wendy’s have all jumped on the bandwagon, hoping to boost their sales and increase foot traffic. While this may seem like a smart
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