Wednesday, February 28, 2024

'Surge' pricing at the drive-thru?

Pricing a Frosty in real time ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Feb 28 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

"Surge" pricing may be spreading from rideshares and Springsteen concerts to fast food. Wendy's plans to roll out dynamic pricing, Gabe Hauari and Jessica Guynn report, along with digital menu boards that update prices in real time.

Wendy's execs pushed back on the idea that prices will now rise and fall with demand, the strategy adopted by Uber and ticket sellers.

What, then, does this mean for the price of a Frosty?

Macy's shuttering 'underproductive' stores

In other consumer news, Macy's announced it will be shutting down 150 "underproductive" stores, or roughly 30% of all locations, Julia Gomez reports. The retailer dubbed the move "A Bold New Chapter" and vowed to strengthen the Macy's brand.

For details on the timing of the closures and the retailer's other plans, read the story.

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.

Wendy's opened in November in Crossroads Commons in Plover.

Uber, Amazon and airlines use surge pricing. Wendy's will now introduce it, joining more companies that adjust prices based on real-time demand.

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The Macy's company logo is seen at the Macy's store on Herald Square on Jan. 19, 2024 in New York City.
 

Macy's to shut down 150 'underproductive' store locations

Macy's announced Tuesday it will shut down 150 stores through 2026, with 50 locations shuttering this year.

President Joe Biden listens as Sen. Bob Casey, D-Pa., speaks during a visit to Allentown Fire Training Academy in Allentown, Pennsylvania on January 12, 2024.
 

Shrinkflation? Sen. Casey warns that shoppers are paying more for less

Sen. Bob Casey, D-Pa., introduced a bill to fight shrinkflation of household consumer goods that American families routinely purchase.

The box of hockey cards from 1979-1980 sold for $3.72 million.
 

Million-dollar find: Old box of hockey cards found at home sells for $3.7m

A case of old, forgotten hockey cards has sold for $3.72 million, according to Heritage Auctions. The case may contain Wayne Gretzky rookie cards.

Toyota is adding 1.2 million vehicles to a major recall in the U.S. to fix possible fuel pump failures that can cause engines to stall. The company said Wednesday, March 4, 2020, that the added vehicles bring the total to 1.8 million.
 

Toyota recall: Over 380,000 Tacoma trucks recalled over crash risk

Approximately 381,000 of certain 2022 and 2023 Toyota Tacoma trucks are involved in the recall, Toyota announced Tuesday.

A Family Dollar store on Jackson Avenue is temporarily closed down, one of hundreds such stores in the Mid-South after a rodent infestation at a West Memphis, Ark. distribution plant caused the company to close stores that may have been shipped contaminated products.
 

Family Dollar will pay $41.6M for allowing rat-infested warehouse

Family Dollar took a plea agreement that will make them pay $41.6 million for shipping products from a rodent-infested warehouse for years.

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How to drive in the ice and snow safely at Bridgestone's driving school

It's more than just slowing down, as shown at Bridgestone's Winter Driving School.

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More layoffs: Sony plans to cut 900 of its PlayStation employees

Sony has announced cuts to its workforce laying off workers in its PlayStation division on Tuesday Feb. 27. 900 employees will be laid off.

Kellogg's cereals, including Special K, are seen at a store in Arlington, Virginia, December 1, 2016.    Kellogg's is facing a boycott organized by the Trump-aligned Breitbart News after the cereal giant decided to pull its advertising from the website. In the latest clash over corporate marketing and politics, Breitbart called on its readers to stop buying Kellogg's products to protest the company's "act of discrimination and intense prejudice."     / AFP PHOTO / SAUL LOEBSAUL LOEB/AFP/Getty Images ORIG FILE ID: AFP_IO0H1
 

Kellogg CEO says struggling families should consider 'cereal for dinner'

Kellogg CEO Gary Pilnick's advice that struggling families should eat cereal for dinner to save money has consumers reacting to the year-old campaign.

ELGIN, ILLINOIS - MARCH 25: Cars sit on the lot at the McGrath Honda dealership on March 25, 2021 in Elgin, Illinois. COVID related plant shutdowns over the past year, computer chip shortages, inclement weather, backups at shipping ports and strong demand have combined to cause shortages of new vehicles at dealerships across the country. . (Photo by Scott Olson/Getty Images)
 

IIHS reveals Top Safety Pick awards for 2024, see the winners

The Insurance Institute for Highway Safety announced its Top Safety Pick award winners Tuesday. See which companies, brands took home the most awards.

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