Utz Brands doubles down on digital ads to grow snack sales, retain customers
Utz Brands CEO Dylan Lissette told CNBC Friday that the company is increasing its marketing spend on digital advertising to reach new customers and grow snack sales. "What we love about [digital ads] is the fact that you really are able to turn on a dime ... and pursue what works," he said. "If some sort of an angle of attack on reaching our customers for one brand or another brand works, they're able to very quickly lean in behind it." For its 2020 fiscal year, ended Jan. 3, Utz spent about $11.1 million on consumer marketing and advertising, according to its annual report. Lissette did not say how much would be committed to marketing and ad expenses in the current fiscal year.cnbc.com
Peloton CEO John Foley promises customers more clarity on wait times for delayed orders
"We are determined to do what it takes to reduce our delivery times and to get certainty to customers on the delivery dates that we offer," Chief Executive John Foley said during an earnings call Thursday. Some customers have reported having their deliveries delayed, a number of times, without being given a clear, updated at-home delivery window. Peloton on Thursday reported fiscal second-quarter sales growth of 128%, marking its first billion-dollar quarter. In the wake of the higher sales, Peloton said it now expects full-year revenue to top $4 billion, up from prior forecast of more than $3.9 billion. Peloton shares were falling more than 8% in extended trading Thursday, having climbed more than 365% over the past 12 months.cnbc.com
Last-minute line up for a holiday feast at Honey Baked Ham
ROANOKE, Va. – If you waited until the last minute to pick up your holiday feast, you are not alone. A line out the door and waiting in the rain, customers picked up their meal at Honey Baked Ham. The manager, Naomi Collins, said Wednesday they had the most customers she had ever seen in the past seven years. “Oh, it’s fabulous for our business,” Collins said. But seeing all the wonderful customers purchasing hams it just fills our hearts full of warmth.”Collins said on top of these sales there are hundreds more from corporate that are being fulfilled.
Power outages affecting hundreds across Southwest Virginia on Christmas Eve
Thousands of Appalachian Power customers saw power outages on Thursday evening. Hundreds of Appalachian Power customers saw power outages on Thursday evening. Crews are still assessing many of the outages so it’s not clear when power will be restored. Here is a breakdown of customer outages, from Appalachian Power, as of 10:29 p.m.:Pulaski County - 190Grayson County - 127Franklin County - 110Wythe County - 90Roanoke County - 61Montgomery County - 57Roanoke City - 53Giles County - 33Bland County - 22Buchanan - 19Carroll County - 19Galax - 9Floyd County - 6This is a developing story. Check back for updates.
Robinhood co-CEO says young traders see market downturns as buying opportunities for the long term
The young customers of Robinhood are actually smart, long-term oriented investors who recognized that the market sell-off in March was a buying opportunity, according to the zero commission pioneer's co-founder. Robinhood saw a record 3 million new customers in the first four months of 2020 when the coronavirus pandemic roiled markets and embroiled the economy in a recession. The coronavirus market downturn spurred young people — in some cases, for the first time in their lives — to get started with investing. Robinhood's inflow of new clients showed that young and inexperienced investors saw the market rout in March as an entry point into investing, especially with many stuck at home during the nationwide lockdown. He also said the zero commission model now adopted by the whole industry played a part.cnbc.com
CTA to offer PPE vending machines at some train stations
“We understand the need for our customers to have a safe experience during their commutes,” CTA President Dorval R. Carter Jr. said in a statement. “The addition of these new vending machines is a reflection of our unwavering commitment to seek out tools and resources to help reassure our customers that we are doing everything we can to keep customers healthy during this ongoing pandemic.”chicagotribune.com
McDonald’s will soon require customers nationwide wear a mask
ROANOKE, Va. – While Virginians already have to wear them, soon, McDonald’s customers across the country will be required to wear a mask as well. The fast-food giant announced on Friday that beginning, August 1, all customers will be required to wear some type of face covering while inside a McDonald’s. The company has developed a series of divider panels to allow for safer order taking and it’s pausing reopening its dining rooms for another 30 days. This means that the company will not approve the re-opening of any additional dining rooms for the next month. McDonald’s joins a large number of other national businesses that are requiring masks.
Walmart reserves special pickup hour for at-risk customers
Walmart is expanding the availability of its curbside pickup service to support at-risk customers during the COVID-19 pandemic. Every day, the 7 a.m. to 8 a.m. pickup hour will be reserved for customers over 60, first responders, customers with disabilities and anyone designated as high-risk by the CDC. The pickup service is contact-free -- customers open their trunk and associates load their groceries in. The new pickup hour is available at select locations. When customers go to select a time slot for their order, they should see a new time slot listed as “At Risk Only.”