Consumer Biz Cheat Sheet: Southwest Reports Increased August Revenue, McDonald’s Rebrands in Canada
McDonald’s (NYSE:MCD) will invest $1 billion in transforming its Canadian brand. There are some 1,400 MCD restaurants in Canada that will be targeted by the redesign and upgrade, which is intended to turn the restaurants into modern, relaxing destinations for on-the-go Canadian families.
Kraft (NYSE:KFT) says it plans to complete the separation of its North American Grocery unit and its Global Snacks company by late 2012. The Grocery arm has annual revenues of roughly $16 billion while the Snacks brand has sales of $32 billion.
OfficeMax (NYSE:OMX) and Staples (NASDAQ:SPLS) shares are getting a boost after rival Office Depot (NYSE:ODP) gave an update on the back-to-school season at the Goldman Sachs retail conference. ODP shares are trading up 13.60% so far today.
Southwest Airlines (NYSE:LUV) has reported that paying passengers flew a total of 9.4 million miles last month, a year-over-year increase of 3.9%, while passenger revenue per mile grew 6%.