"I believe, this is my own marketing philosophy, that you degrade your brand value if you're saying, this is not worth but half. At some point people go, 'I guess it's not really worth what they charge.' "
-- Rick Hendrie, senior vice president for marketing at Uno Chicago Grill, in Wednesday's New York Times. Uno Chicago Grill, currently offering a $9.99 pizza meal deal, is embroiled in a discount showdown with competing chain restaurants like Ruby Tuesday (RT) and DineEquity's (DIN) Applebee's. But even if the chains, which grew rapidly in recent years, can ride out this economic storm, they may find they've done irreparable damage to their pricing power. --Jessica Shambora
"You need the truth to make the right decision. So what I've done is always go three, four, five layers deep in an organization. Get people comfortable talking to you."
- Brenda Barnes, chairman and CEO of Sara Lee (SLE), which announced a $695 million fourth-quarter loss this morning. Annual revenues rose 10% to $13.2 billion, but Sara Lee got hit by writeoffs and rocketing wheat prices in the latest quarter. MOREPatricia Sellers - Aug 7, 2008 11:33 AM ET
|NJ agrees to ban Tesla direct sales|
|Inside the underground sex economy|
|Obama wants to expand overtime pay|
|Mt.Gox CEO's U.S. assets frozen|
|Bitcoin: taxes are the real reason it's doomed|