+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

McDonald's Is Desperate To Change Its Image

Dec 15, 2014, 21:14 IST

Flickr/Kieran ClarkeMcDonald's is trying to woo millennials with philanthropy. 

Advertisement

In the face of declining sales and traffic, the company is asking ad agencies to help it come up with a "big idea" involving a charity that would excite people in their 20s and 30s, the Wall Street Journal reports.

The "big idea" would generate "significant support for a charity" and "engage Millennials to support this charity by speaking directly to their philanthropic priorities and leveraging their behaviors and habits," according to RFP documents reviewed by the Journal.

Millennials are more passionate about philanthropy than previous generations and they are interested in the stories behind the brands that they buy, according to various studies.

The company's efforts come as young diners have been increasingly favoring fast casual restaurant chains, such as Chipotle, over traditional fast food outlets like McDonald's. 

Advertisement

The number of 19-to-21-year-olds visiting McDonald's once a month has fallen by 13% since 2011, according to food analysts Technomic cited by The Guardian. Meanwhile, the number of 22-to-37-year-olds visiting has stagnated over the same time period.

McDonald's recently reported a global same-store sales drop of 2.2% for the month of November, compared to the same period last year. For the third quarter ending Sept. 30, global same-store-sales fell 3.3%.

As part of its turnaround plan, the company is also cutting menu items to speed up service and hastening its rollout of build-your-own-burger stations, which allow customers to customize orders using self-service kiosks. 

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article