Streetbeat News

Marketing

BJ

BJ's Wholesale Club has announced the opening of its newest club location in Lewis Center, Ohio, at 8425 Orange Centre Drive, scheduled for Friday, December 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:34 am

DNUT

Krispy Kreme announces the comeback of its 'Day of the Dozens' event on December 12th, where customers can buy a dozen Original Glazed Doughnuts for $1 with the purchase of any dozen or 16-count minis. This annual promotion aims to drive customer traffic and sales.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:20 am

STGW

Stagwell has announced the establishment of a global hub in London and the appointment of James Townsend as the inaugural CEO of the EMEA region. This strategic move aims to strengthen Stagwell's presence in Europe, the Middle East, and Africa, and to enhance its global reach.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:13 am

AAPL

GOOG

META

PEP

TSLA

Morning Consult's annual survey lists the fastest growing brands in the U.S. for 2023, with ChatGPT leading overall and OpenAI ranking seventh. Technology and beverage brands dominate the lists, with notable mentions of Tesla, Meta Platforms, Alphabet, and Apple among various age demographics. PepsiCo's Starry and Zelle also feature prominently. The survey's results could indicate gaining consumer interest and potential market share increases for these companies.

Portfolio Pulse from Chris Katje

December 07, 2023 | 11:07 am

DIS

The Walt Disney Company (NYSE:DIS) has initiated the beta launch of a Hulu and Disney+ integrated streaming experience, known as 'Hulu Hub', within the Disney+ app. This feature allows bundle subscribers to access Hulu's content, including Originals and next-day TV shows, directly from Disney+. Despite the integration, Disney and Hulu apps will continue to operate separately. The full Hulu on Disney+ experience is expected to be released in spring. The move follows Disney's Black Friday promotion offering a discounted bundle subscription.

Portfolio Pulse from Benzinga Neuro

December 07, 2023 | 11:06 am

MCD

McDonald's Corporation (NYSE:MCD) is launching a new restaurant concept called CosMc's, focusing on to-go dining and iced drinks without traditional fries and burgers. The first location will open in a Chicago suburb with four drive-through lanes and no dining area. CosMc's aims to tap into the specialty beverages and coffee market, leveraging a revived orange alien mascot from past advertisements. McDonald's plans to open approximately ten more locations in Texas by next year. The move follows strong Q2 financial results, with sales up 14% year-over-year to $6.5 billion.

Portfolio Pulse from Benzinga Neuro

December 07, 2023 | 9:24 am

MAR

Marriott International has reached a significant milestone with the opening of its 500th luxury hotel, The St. Regis Riyadh. Tina Edmundson, President of Luxury at Marriott, highlighted the company's commitment to providing exclusive destinations and exceptional guest experiences, setting the standard for future luxury travel.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:37 am

TTWO

The trailer for Grand Theft Auto 6 (GTA 6) by Take-Two Interactive Software Inc's Rockstar Games has broken records by reaching 108 million views in less than 48 hours, surpassing the views of its predecessor's reveal trailer. The trailer, which leaked a day early, features the game set in Vice City and introduces dual protagonists, Jason and Lucia. It has outperformed other major game trailers and set a new 24-hour YouTube record for video game reveals. However, PC players are disappointed due to the lack of a confirmed release for their platform, and the leak caused frustration within Rockstar and the gaming community.

Portfolio Pulse from Franca Quarneti

December 06, 2023 | 11:42 pm

PTON

VZ

Leslie Berland has resigned from her position as Chief Marketing Officer at Peloton Interactive, effective December 31, 2023, according to a filing. The Wall Street Journal reported that Berland has been hired as the new Chief Marketing Officer for Verizon Communications.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:58 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) ended a 13-day losing streak, its longest since 1992, with a slight uptick in stock price. The decline was attributed to a 'material decline' in November sales, as noted by JPMorgan Chase analysts, amid boycotts over the company's alleged support of Israel in its conflict with Palestine. The boycotts were fueled by a statement from the Starbucks Union supporting Palestine and a subsequent lawsuit by Starbucks against the union. The hashtag #boycottStarbucks has over 50 million views on TikTok. Additionally, the Starbucks Workers United union organized a walkout during a major promotion. Starbucks' market cap has dropped by over $10 billion, with the stock down over 10% since Nov. 17.

Portfolio Pulse from Aaron Bry

December 06, 2023 | 9:53 pm