Cousins Subs Awards Nonprofits with $12,000 in Grants
Cousins Subs announced a collective $12,000 in grant donations to four nonprofit organizations, including ABCD: After Breast Cancer Diagnosis, Bell Tower Memorial, Fostering Community, and Sleep in Heavenly Peace. The grants are part of Cousins’ Make It Better Foundation, with the funds benefiting community initiatives in youth education, health and wellness, and hunger. Since 2013, the Make It Better Foundation has donated $1.2M to almost 230 nonprofits.
“Through the Make It Better Foundation, we are proud to support organizations that are making a significant impact in our communities,” said Justin McCoy, Vice President of Marketing at Cousins Subs. “These grants will help address critical needs in health and wellness, hunger, and youth education, aligning with our mission to make it better for those we serve.”
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ABCD will receive $2,500 for mentor recruitment and training, helping to strengthen their network of support for breast cancer patients.
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Bell Tower Memorial will receive a $2,000 grant for its Veterans Oral History Project, which connects high school students with veterans to document their military service stories. Recordings from the project will be submitted to the Library of Congress.
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Fostering Community will receive $5,000 to support their Back-to-School event, providing essential school supplies and backpacks to foster children and their families.
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Finally, Sleep in Heavenly Peace is the recipient of a $1,000 grant to support the mission’s “Build and Delivery Days,” in which volunteers build twin bed frames for children in need. Cousins’ donation will benefit the De Pere, Wisconsin community by facilitating the purchase of materials and supplies to provide fully furnished beds with mattresses, blankets, pillows, and sheets.
Learn more about the Make It Better Foundation here.
Chevron Relocating Headquarters and Executives to Houston
Oil and gas manufacturer Chevron announced that it is relocating its corporate headquarters to Houston, Texas, from its current operations center in San Ramon. Chevron employs 2,000 workers in San Ramon and 7,000 in the greater Houston area. The company hopes to reduce its carbon footprint while growing its traditional oil business and investing in renewable fuels and emerging technologies.
There will be few immediate impacts to most workers based in San Ramon, although its corporate operations will see a migration to Houston over the coming five years. Chevron’s CEO and Chairman Mike Wirth, along with its Vice Chairman, Mark Nelson, are expected to relocate to Houston by the year’s end.
The company is undergoing changes in its senior-level leadership in conjunction with the relocation. Chevron’s EVP of Oil, Products, and Gas, Nigel Hearne, is retiring after 35 years with the company. Nelson will assume Hearne’s role on October 1, 2024.
Learn more about Chevron leadership here.
Jack in the Box Has a New App in the Works to Drive Digital Growth and Loyalty
Jack in the Box plans to introduce a redesigned smartphone app in September to enhance its guest experience while driving digital growth. Company executives revealed that the fast food restaurant chain hopes to see its digital growth increase from 14% to 20% of its sales. In addition to the app refresh, Jack in the Box is advancing its technology infrastructure by deploying a new point-of-sale (POS) system.
“At the start of next month, we will be releasing a redesigned version of our Jack app, which will provide an enhanced experience for our guests, setting the foundation for personalization and targeted loyalty offerings,” said Darin Harris, Jack in the Box CEO.
Harris also offered an update on the brand’s POS system, describing the implementation as having “nearly 100 restaurants completed and a plan to be at approximately 450 by the end of 2024 and fully deployed in 2025” with “kiosk capability” and a system that will “support seamless loyalty experience.”
Jack in the Box announced its third-quarter earnings for the period ending July 7. The company saw a $122.3M net loss as revenues dropped from $396.8M to $369.2M. Meanwhile, same-store sales declined by 2.2%. Labor expenses comprised 32.4% of the company’s sales, 200 basis points higher than the year before, owing to wage hikes necessary to conform with California’s recent minimum wage law increase.
See a more comprehensive view of Jack in the Box’s third-quarter earnings here.
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Original Article Links:
Cousins Subs Gives Away $12K in Grants to Nonprofit Organzations
Chevron to Relocate Headquarters to Texas
Jack in the Box plans new app as it works to drive digital sales