Dunkin' K-Cups to expand sales
Dunkin' Brands, facing a double-digit decline in the sale of K-Cup coffee packs at its franchised Dunkin' Donuts locations, will expand distribution to U.S. and Canadian grocery, big-box and other retail outlets mid-year and online this spring, and split the net profit equally with its franchisees.
The "unprecedented" agreement will allow the Canton company to grab a bigger piece of the $3.2 billion K-Cup business — 80 percent of which is sold where people buy groceries —further build brand awareness and in turn drive traffic back to Dunkin' restaurants, according to CEO Nigel Travis. Franchisees also will reap 50 percent of net profit from sales of Dunkin's other packaged coffee at non-Dunkin' outlets and online under the 20-year deal.
Consumer price index drops
American households paid much less to fill their fuel tanks in January, while most other costs rose, supporting the Federal Reserve's view that inflation will eventually approach its predicted level. Energy costs pulled the consumer price index down by 0.7 percent, the biggest decline since December 2008, a Labor Department report showed yesterday. Excluding food and fuel, costs rose 0.2 percent.
TODAY
- Commerce Department releases fourth-quarter gross domestic product.
- National Association of Realtors releases pending home sales index for January.
- Hub-based American Program Bureau has hired Jennifer Sacca Courtney as talent recruiter/public relations specialist.
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