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Consumer Affordability

All articles tagged with #consumer affordability

7 Brew bets on budget-friendly drive-thru coffee to crowd coffee deserts
business22 hours ago

7 Brew bets on budget-friendly drive-thru coffee to crowd coffee deserts

Arkansas-based 7 Brew is rapidly expanding its drive-thru coffee chain, now with more than 700 locations across 38 states and about 340 more planned, aiming to surpass 1,000 sites within a year. The chain targets towns with little coffee competition, pricing drinks around $5 to undercut Starbucks and Dunkin, and offering thousands of drink combinations with a straightforward loyalty program. Sales jumped from about $502 million in 2024 to nearly $1.2 billion last year, backed by Blackstone and Franchise Equity Partners. As it scales, 7 Brew faces the challenge of maintaining the “third space” cafe experience and consistent quality while competing with larger chains and staying true to its fast, low-cost model.

economy4 months ago

Bank stocks slide as credit-card rate-cap deadline tests policy

U.S. bank shares fell on Tuesday as investors awaited the Trump administration’s deadline to implement a 10% cap on credit-card interest rates, a policy banks warn could curb lending and sap profits. JPMorgan Chase, Citigroup and Wells Fargo led declines (about -3% to -4%), with Morgan Stanley and Goldman Sachs also down, amid uncertainty over Congressional action and possible compromises such as voluntary rate options or targeted offerings to mitigate impact on consumers.