Who better to ask than mystery shoppers who have shopped both McDonald's and Five Guys. I like McDonald's for breakfast. I prefer Five Guys' burgers. If I could change anything about McDonald's it would be the taste of their fries and food.
[www.theguardian.com]
McDonald's in crisis: can it fight off the Five Guys threat?
New British CEO Steve Easterbrook set to unveil turnaround plan to bring back lost customers and profits as rivals muscle in on burger market
This weekend, Easterbrook will be putting the final touches to a plan he will be hoping receives similar reviews. On Monday, Easterbrook will reveal his strategy to turn around the 60-year-old company which is rapidly losing customers. The Golden Arches are looking increasingly tarnished. After decades of expansion that saw McDonald’s march into China, Russia and expand around the world, the burger brand is no longer flavour of the month. A million people have turned their back on McDonald’s in 2014, and profits went with them. Last year McDonald’s’ annual net income dropped 15% to $4.7bn - making 2014 one of the worst years in the company’s history.
Easterbrook, a 47-year-old father-of-three, is under no illusions about the scale of the task ahead of him, and has billed himself as an “internal activist” and “constructive agitator” unafraid to challenge convention at the company he first joined in London more than 20 years ago.
[www.theguardian.com]
McDonald's in crisis: can it fight off the Five Guys threat?
New British CEO Steve Easterbrook set to unveil turnaround plan to bring back lost customers and profits as rivals muscle in on burger market
This weekend, Easterbrook will be putting the final touches to a plan he will be hoping receives similar reviews. On Monday, Easterbrook will reveal his strategy to turn around the 60-year-old company which is rapidly losing customers. The Golden Arches are looking increasingly tarnished. After decades of expansion that saw McDonald’s march into China, Russia and expand around the world, the burger brand is no longer flavour of the month. A million people have turned their back on McDonald’s in 2014, and profits went with them. Last year McDonald’s’ annual net income dropped 15% to $4.7bn - making 2014 one of the worst years in the company’s history.
Easterbrook, a 47-year-old father-of-three, is under no illusions about the scale of the task ahead of him, and has billed himself as an “internal activist” and “constructive agitator” unafraid to challenge convention at the company he first joined in London more than 20 years ago.