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Consumer and retail news: 10 things you need to know today

Nov 6, 2015, 21:29 IST

Shake Shack on Instagram

1. Shake Shack sales crush expectations - and the future looks bright.

Same-store sales at restaurants open for at least one year were up 17.1%, against the estimate for 10.6%. It raised its guidance for 2015 revenues to up to $190 million, $10 million more than Wall Street expected.

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2. Men's Wearhouse says Jos. A. Bank is in trouble.

Men's Wearhouse shares are crashing after the company said subsidiary Jos. A. Bank's decision to scale back on its outrageous discounts hit foot traffic and sales.

3. Girl Scout cookie prices are rising.

After years of holding prices steady, Girl Scout councils are boosting cookie prices to $5 a box from $4 a box.

4. CiCi's Pizza rebranding effort results in a new logo and motto.

5. Campbell's Soup has a new enemy.

6. Peet's Coffee & Tea faces lawsuit.

7. Noodles and Co. will close 16 of its restaurants.

8. Burger King might release a new item.

Burger King is tapping into its customers' '90s nostalgia with the introduction of a Surge slushie. Burger King has quietly added frozen Surge to the nutritional info section of its website, although no one has actually reported seeing the Surge slushie on menus yet. ?

9. gets involved with collegiate athletics.

Nissan is launching a multi-year campaign to sponsor athletic events and programs at 100 colleges nationwide. The campaign will put Nissan's name onto signs at stadiums and arenas in football, basketball, baseball and other sports at 27 colleges and universities by the end of December, and at 100 schools in 2016.

10. A grocery store apologizes for rude commercial.

Woolworths has apologized and withdrawn an advertisement in which fitness guru Michelle Bridges calls people who grow their own fruit and vegetables "freaks".

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