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Dunkin’ Donuts launches mobile payment app

BY Katherine Boccaccio

Canton, Mass. — Dunkin Brands said Friday it has launched its first-ever mobile app for payment and gifting purposes.

The app for iPhone, iPod touch or Android smartphone will allow users to pay food, beverages, and merchandise at Dunkin’ Donuts restaurants throughout the U.S. by scanning a device in-store or at the drive-thru.

Additionally, an mGift feature will enable consumers to send virtual gift cards three ways – text, email, and Facebook Connect.

The free app, available from the App Store and Google Play Store, supports American Express, Visa, MasterCard, Discover, and PayPal. It includes store location features, nutritional information, and social media links.

“This is a clear example of our determination to invest in technologies that help us exceed our guests’ expectations and enable our franchisees to run their restaurants as efficiently and effectively as possible,” said Nigel Travis, Dunkin’ Brands CEO and Dunkin’ Donuts president, U.S.

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Aeropostale profit drops in Q2; lowers guidance

BY Staff Writer

New York — Aeropostale reported Friday that net income for the second quarter was $100,000, compared with $2.9 million last year.

Sales increased 4% to $485.3 million, from $468.2 million in the year-ago period. Same-store sales, including the e-commerce channel, were essentially flat, compared with a 12% decrease last year. Excluding e-commerce, same-store sales dipped 1%, compared with a 14% decrease last year.

The company has lowered its third-quarter guidance.

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Gap Q2 profit climbs 29%; raises guidance

BY Katherine Boccaccio

San Francisco — Gap Inc. reported Thursday that net income for the quarter ended July 28 surged 29% to $243 million, prompting the retailer to raise its guidance for full-year 2012.

Sales increased 6% to $3.58 billion, compared with $3.39 billion for the second quarter last year. Same-store sales rose 4%.

“Our continued focus on product and store execution are helping to drive positive momentum and we’re committed to sustaining solid performance for the remainder of the year,”said Glenn Murphy, chairman and CEO.

By banner, second-quarter same-store sales rose 7% at Gap North America stores, compared with a negative 3% last year; for Banana

Republic North America, same-store sales also rose 7% after recording a 2% decline last year; and Old Navy posted a 3% same-store sales rise this quarter against flat comps last year.

During the quarter, Gap opened 11 Athleta stores, doubling its fleet to 22 stores across North America. The company said it continues to expect net openings of about 15 company-operated stores and about 50 to 75 franchise stores during fiscal year 2012. Square footage for company-operated stores is expected to decrease by about 1% by the end of fiscal year 2012 compared with the end of fiscal year 2011.

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