MORNING BUSINESS REPORT: Applebee’s brings back Date Night Passes as wage growth slows
Mattel considers price hikes, Walmart cuts jobs, and wage growth slows for lower-income workers
NEW YORK (LILAMAX) – Applebee’s is bringing back its popular Date Night Pass, while wage growth in the U.S. continues to slow, especially among lower-income workers.
Wage Growth Slows for Low-Income Workers
A new Bloomberg survey finds that wage growth for low-income workers—especially those in restaurants and hospitality—has slowed significantly after rapid increases in recent years. While wages across the board have cooled, lower-income workers are now falling behind again after briefly closing the gap.
Mattel Weighs Price Increases Due to Tariffs
Mattel, the company behind Barbie, is considering raising prices in response to tariffs proposed by former President Donald Trump. Before doing so, the toy giant plans to cut costs and improve supply chain efficiency. Mattel has recently returned to profitability and aims for further growth in 2025.
Walmart Cuts Hundreds of Jobs
Walmart, the largest private employer in the U.S., is eliminating hundreds of jobs and closing an office in North Carolina as part of a major relocation strategy. In a memo to employees, Chief People Officer Donna Morris confirmed that Walmart is working to consolidate offices and streamline operations.
Applebee’s Date Night Pass Returns
Looking for a budget-friendly romantic night out? Applebee’s Date Night Pass is back for 2025.
Last year, the passes sold out in seconds, but this time, 3,000 passes will be available. The $100 pass offers $50 off 12 times between March 2025 and February 2026.
To get a chance at purchasing, Club Applebee’s members must register by Wednesday, Feb. 12, at 11:59 p.m. ET.
