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Chipotle filed a trademark application for the phrase "Better Burger" this month. The chain could be a competitor to higher-end burger chains like Shake Shack and Five Guys.
Costco ended a 16-year deal with American Express to switch over to Visa. The new Costco Visa card will offer 4% cash back on eligible gas purchases (on up to $7,000 per year, then 1% back), 3% back on restaurant and travel purchases, 2% back on Costco and Costco.com purchases, and 1% back everywhere else.
As locations from Chicago to California enforce higher minimum wages, Sonic's CEO Clifford Hudson thinks these wage increases will lead to higher prices.
One huge factor in Lululemon's exponential growth is its ever-expanding men's business. This is hugely important, as one of Lululemon's rising competitors, Under Armour, announced plans to expand its women's line.
