HARTFORD: According to a new survey from the Connecticut Business and Industry Association [CBIA] As concerns grow over the state’s budget stalemate, fewer Connecticut businesses expect growth according to the results of a new survey released today.
The drop in confidence shows in the responses to The 2017 CBIA 2nd Quarter Economic and Credit Availability Survey, it found that just 29% of business leaders have a positive outlook for their firm—down from 37% in the first quarter.
CBIA reported fifty-seven percent expect stable conditions [up from 47% last quarter], while 14% had a negative outlook, down from 16%.
MASHANTUCKET: It’s the 25th anniversary year of the Foxwoods Resort Casino, and as the casino reveals two new “thrill rides” a new vision for positioning the resort as it faces new casino competition in the Catskills and Massachusetts, is taking shape.
Foxwoods announcement says. “the next step in the resort’s long-term plan to develop a comprehensive portfolio of ecotourism options is the opening of the Thrill Towers.” The new, “extreme thrills” includes two new rides, the Sky Drop and Sky Launch, and as the resorts “evolution as a full-service resort casino destination.”
By Mitchell Young
SANTA ANA, CA: The Values Institute [TVI] released the results of the 2017 National Most Trustworthy Brands Survey, showing Milford based Subway at the top of the quick serve restaurant [QSR] category. TVI says its “a first-ever national survey and peer review effort measuring the trustworthiness of the nation’s largest brands in seven key industries.” Wendy’s landed in second place, followed by Starbucks, Burger King, Taco Bell and McDonald’s.
In addition to the QSR, the survey, measured how well 40 of the largest U.S. brands “connect with their customers,” and found that hotels and electronics are the country’s most trusted brand categories, while auto insurers and mobile communications rank lowest on the public trust spectrum.
BRIDGEPORT: The Bridgeport Bluefish minor league baseball team is being bounced by Bridgeport Mayor Joseph Ganim from the 5,000 seat Harbor Yard Stadium when their lease expires at the end of this baseball season.
The Mayor’s announcement that the city will not extend the lease on the stadium for the team came just days after the mayor threw out the first pitch at special “Legends Night,” recognizing the 20th anniversary of the founding of the team in Bridgeport.
If approved by the Bridgeport City Council the stadium will be converted to the Harbor Yard Amphitheater by LiveNation and local businessman Howard Saffan to feature concerts at the site.
By Mitchell Young
Milford: Change and new energy has been coming to privately owned Subway since the appointment of Susan Greco as its new CEO in 2015. The company established a digital marketing department in 2016 at its headquarters and is expecting to eventually staff it with as many as 150 employees.
Greco however has maintained a relatively low profile since taking over from her brother and company founder Fred Deluca, who died in 2015, after a two-year battle with leukemia.
|Subway CEO Greco, quietly transforming the restaurant giant|
Greco’s first real job with the company was in 1973 as a sandwich artist, but she eventually was responsible for research and development for 24 years, than the operations and marketing departments as well.
The company’s marketing efforts have helped transform it into one of the country’s best known brands, by selling freshness, sustainability, health and low calorie fast food.
The approach has worked, until recently Subway was the second most popular fast food outlet in the US behind McDonalds, Starbucks however, reportedly grabbed that spot in 2016. Company sales are more than $1 billion dollars, but according to Bloomberg News, have declined in the past two years
Greco apparently wants to get the mojo back and she is hoping that a fresh look and modern design will do the trick.
The revamped stores and there are a lot of them to transform, more than 44,000 world-wide, 25,000 in the US will be brightly colored, will ditch the nostalgia of the subway car murals, provide Kiosks for ordering and feature free WiFi.
The company unveiled 12 prototype stores on July 16 and a new logo, fresh veggie display and some new menu items, including “house made” pickles.
Franchise owners that have suffered along with the softer sales and increased competition will be responsible for the cost of the renovations, but he company has said it has plans to help franchise owners pay for the revamp.