The Daily Money: 'Surge' pricing at the drive-thru?
Good morning! It's Daniel de Visé with your Daily Money.
"Surge" pricing may be spreading from rideshares and Springsteen concerts to fast food. Wendy's plans to roll out dynamic pricing, Gabe Hauari and Jessica Guynn report, along with digital menu boards that update prices in real time.
Wendy's execs pushed back on the idea that prices will now rise and fall with demand, the strategy adopted by Uber and ticket sellers.
What, then, does this mean for the price of a Frosty?
Read the story.
Macy's shuttering 'underproductive' stores
In other consumer news, Macy's announced it will be shutting down 150 "underproductive" stores, or roughly 30% of all locations, Julia Gomez reports. The retailer dubbed the move "A Bold New Chapter" and vowed to strengthen the Macy's brand.
For details on the timing of the closures and the retailer's other plans, read the story.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
