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Its auto insurance abuses are part of a broader scandal over Wells Fargo’s treatment of customers. The bank revealed over two years ago that it opened millions of phony accounts in customers’ names without their permission to hit sales targets. The San Francisco-based lender has since found sales abuses in businesses ranging from mortgage loans to wealth management. The lawsuit was originally filed in U.S. District Court, Central District of California, in August. Wells Fargo has fought to keep some details of the case under seal.

The plaintiffs say they are customers seeking reimbursement for wrongful charges, and allege Wells Fargo pushed drivers with poor credit into policies more often than well-off customers, Wells Fargo was 10 times more likely to force borrowers with damaged credit into CPI insurance than those with high credit scores, according to simple stripe cufflinks the lawsuit, which cites an internal bank presentation, Drivers of Tesla vehicles and others who carried high loan balances were exempted from CPI, according to the lawsuit..

(Reuters) - Papa John’s International Inc (PZZA.O) on Tuesday reported a smaller-than-expected decline in quarterly comparable sales in North America, helped by new advertising and rebranding as it tries to recover from bad publicity stemming from an acrimonious split with its founder. The Louisville, Kentucky-based company said it now expects full-year North America comparable sales to decline in the range of 6.5 percent to 8.5 percent, compared to a prior outlook for a 7 percent to 10 percent decline.

The news simple stripe cufflinks sent the company’s shares up about 4 percent, Papa John’s has been trying to rebound after battling with its founder John Schnatter over control of the company, Schnatter was booted as chairman following his usage of a racial slur during a conference call in July, To counter the bad publicity, the company revamped its advertising, removed Schnatter as the brand’s spokesperson, as well as his images from promotional materials, and launched a third-party audit into the brand’s culture..

Papa John’s said its newly-launched campaign “Voices of Papa John’s” featuring employees and the chain’s franchisees owners helped improve traffic in September. “We are seeing improved consumer sentiment. Our attention now is on activating that sentiment to drive increased sales,” Chief Executive Officer Steve Ritchie said on a post-earnings call with analysts. The company reported a 9.8 percent sales decline in North America in the third quarter ended Sept. 30. Analysts on average had expected a 10.9 percent drop, according to IBES data by Refinitiv.

Papa John’s is also focusing on providing assistance to franchises in North America, its biggest market, tackling food-servicing pricing and online fees through 2018, But the company’s plans are coming at a cost, Papa John’s said it now expects special charges including rebranding and franchise support to be about $50 million to $60 million this year - higher than the earlier anticipated cost of simple stripe cufflinks about $30 million to $50 million, Papa John’s reported a net loss attributable to the company of $13 million or 41 cents per share, compared to a profit of $22 million or 60 cents, a year earlier..

(Reuters) - Wendy’s Co (WEN.O) on Tuesday reported quarterly sales at established outlets in North America below analyst estimates and lowered its same-store sales forecast for the year, as the burger chain struggles to lure customers in a fiercely competitive U.S. fast-food industry. Wendy’s, much like its peers, has had to offer cheaper items with added promotions to get people to buy more products. But its efforts are not bearing fruit, as the company reduced its same-store sales growth forecast for 2018 to about 1 percent from a previous range of 2-2.5 percent.

The company’s shares fell 5.8 percent to $16.05 in after-market trading, They have gained 4 percent this year, Wendy’s has launched a slew of promotions including “4 for $4”, discounted Baconator Fries and a 50-cent Frosty dessert that compete with bundled meals offered by McDonald’s $1, $2, $3 menu and Taco Bell’s dollar menu, Customers have a large range of cheap fast-food options from many chains and keeping simple stripe cufflinks sales robust is becoming challenging for many big outlets..



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