Cracker Barrel loses almost $100 million in value as stock plunges after new logo release
Source: CBS News
Cracker Barrel shed almost $100 million in market value after its stock plunged Thursday following the release of a new logo. The new design eliminates a longstanding drawing of an overall-clad man leaning against a barrel, in favor of a cleaner logo featuring just the chain's name.
Shares of Cracker Barrel fell $4.22, or 7.2%, to $54.80 in Thursday trading, shedding $94 million in market value. The stock had dipped to a low of $50.27 earlier in the day, representing a loss of almost $200 billion in its capitalization.
Wall Street's reaction to the logo redesign comes as Cracker Barrel has been working to refresh its image through new menu items and redecorated stores that eschew the 55-year-old chain's old-timey approach in favor of a more modern look.
According to the company's website, the man and barrel in the old logo represented "the old country store experience where folks would gather around and share stories."
Read more: https://www.cbsnews.com/news/cracker-barrel-cbrl-stock-down-200-million-loss-new-logo-change/


Tetrachloride
(8,972 posts)will go out for a walk on some 6 story Moscow apartment building
Xipe Totec
(44,396 posts)LearnedHand
(5,018 posts)Diamond_Dog
(38,490 posts)I_UndergroundPanther
(13,257 posts)Diamond_Dog
(38,490 posts)
Dulcinea
(9,131 posts)But a lot of corporate logos are being redesigned to look good on a phone screen, so that means clean, basic, & simple.
drray23
(8,421 posts)The customer base skews heavily towards older people, mostly white and conservative who have been going there for a long time.
Why would they want fancy modern decorations making the place look like any new restaurant?
I bet the marketing team are 20 yr old gen z's who did not quite grasp that concept.
Auggie
(32,555 posts)Wouldn't be the first time. Major League Baseball changed rules to cater to the young.
JustABozoOnThisBus
(24,349 posts)I know they added a clock on the pitcher, but that seems to cater to all ages.
Polybius
(20,880 posts)Last edited Fri Aug 22, 2025, 08:27 PM - Edit history (1)
Us Gen X and older hate how it's automatic. Let's see 4 outside pitches again.
LisaM
(29,344 posts)I was watching Texas play Cleveland yesterday and Texas's uniforms didn't even look like they were playing professional sports.
I love baseball and don't like the dumbing down. Also, the pitch clock doesn't seem to be working. Every game I have watched, they are now milking it down to every second. So overall an at bat can take longer.
I hate the automatic walk too. Sometimes they'd throw a wild pitch or occasionally someone would reach out and hit it!
Polybius
(20,880 posts)The pitcher got a little too close.
LisaM
(29,344 posts)It was so fun to watch him hit!
3Hotdogs
(14,559 posts)JustABozoOnThisBus
(24,349 posts)I'm waiting for the camera and AI to call the balls and strikes. Much like the line calls in many tennis tournaments.
Will the manager get ejected for kicking dirt on the lenses?
WestMichRad
(2,617 posts)It was lowered after the 1968 season, but not again since then.
TheRickles
(2,955 posts)3Hotdogs
(14,559 posts)TheRickles
(2,955 posts)
Auggie
(32,555 posts)MLB enlarged the base size to make steals easier, limited pick-off throws to runners on base, limited mound visits per inning, limited defensive shifts, instituted the league-wide designated hitter rule, instituted a minimum number of batters a reliever must face, instituted the ghost runner for extra inning play.
Gen Z and Millennials, particularly, were complaining baseball moved too slowly. Some changes arguably were needed.
JT45242
(3,628 posts)The real reason baseball games have been longer than in the past was the explosion of between innings commercials on TV. They have expanded from 60 seconds in the early seventies to 150 seconds. All those commercials added 17*1.5 minutes or nearly a half hour to the game.
But the TV stations need to be able to sell ads to pay for the contracts.
So the solution was not less commercials, it was a pitch clock because generations after the boomers don't want to watch a three hour game that doesn't flow like football with replays that something happens.
Bengus81
(9,397 posts)If after so many he doesn't get the runner out he walks the way I understand it.
3Hotdogs
(14,559 posts)I_UndergroundPanther
(13,257 posts)It was vile. The vending machine was always out of regular old coke. So I drank diet rather than new
Sequoia
(12,691 posts)Wretched commercials and the taste never seemed like it was before. Try a bottle from Mexico, pretty good.
LeftInTX
(33,983 posts)Coke cans and bottles have been changing since without fanfare.
People aren't boycotting coke because of the names on cans. I rarely drink coke and when I do, I tend to avoid ones with names (because it's not my name) obviously Coke is still doing it and it must not be hurting their sales. And I guess if the only bottle/can available was named "Brutus" or something, I would buy it.
Paladin
(31,609 posts)The powers-that-be at Cracker Barrel made the gross error of assuming their patrons were functioning adults---people who wouldn't get riled up by the mere updating of a logo and some interior improvements, maybe some tweaking of the menu. It speaks volumes about MAGATs that such minor changes led to such catastrophic results. I mean, it's a fucking restaurant chain---not some place famous like the White House, where no sane person would ever dream of making things uglier and cheaper-looking...
Polybius
(20,880 posts)I am not MAGA. I don't like changing long-time things. God help Folgers if they ever get rid of "The best part of waking up, is Folgers in your cup!"
mwb970
(11,950 posts)This is a rather sweeping statement rejecting all change or progress. Are you sure about this??
Polybius
(20,880 posts)I was talking about certain logos and jingles (Folgers one).
LeftInTX
(33,983 posts)When Kentucky Fried Chicken changed to KFC, I didn't like it, but it didn't stop me from eating there either.
In general, most consumers do not like new logos.
Land O Lakes is another example. The original was beautiful and was designed by a Native-American. But they got rid of it. Was it offensive? I do not think so. It so beautifully depicted the scenery and the Native-American was beautiful. In northern Wisconsin, the reservations still host pow-wows and to the best of my knowledge, most people don't find them offensive.
It was in this cultural milieu that young artist Patrick DesJarlait was tasked with reworking the Land O'Lakes maiden in 1954. Created by a white artist in 1928 and reworked once before in 1939, Mia needed Patrick's help. He pulled from his own life experience to put Mia in a real Minnesota place: The Narrows, where Upper and Lower Red Lake connect. He refined her character, updating her visage and attire, including Ojibwe beadwork designs on her dress. He brought the "O" in Land O'Lakes down so it looked almost like a halo on a Byzantine religious icon. In the end, Patrick's 1954 creation of Mia served as the virtually unchanged centerpiece of Land O'Lakes branding until her retirement in 2020. That's an extraordinarily long tenure in the branding world.
For Robert, Mia's removal was bittersweet. "I've never seen Mia as a stereotype. I know my dad didn't intend to create a stereotype... [He was] trying to show more the beauty of Native women." Robert acknowledges that perhaps, over time, she had devolved into a stereotype, not because of how his father rendered her, but because of how the public is thinking more critically about cultural matters these days.
OTOH, even the name "Aunt Jemima" was offensive, not matter how much they modernized her, so I believe they changed the name to "Pearl Milling"
Oh well, move on...
Polybius
(20,880 posts)Aunt Jemima I could understand more, but I still don't agree with the name change. Eskimo Pie's was another. It's all because of 2020. After the protests, a lot of companies/teams changed names and logos. Today, there is much less pressure to change things like that.
LeftInTX
(33,983 posts)Polybius
(20,880 posts)Some Alaska Native groups still use it, however. I wonder what percentage was actually offended by Eskimo. It had to be no more than 0.001%. By changing the name, they probably offended 20%.
LeftInTX
(33,983 posts)muriel_volestrangler
(104,730 posts)'Eskimo' was complained about long before 2020.
A: Actually, the etymology of the word Eskimo is uncertain. Cree people today definitely associate the name with the Cree word askâwa, which does mean raw meat or eggs. One Cree speaker suggested the original word that became corrupted to Eskimo might have been askamiciw (which means "he eats it raw," ) and the Inuit are referred to in some Cree texts as askipiw (which means "eats something raw." )
On the other hand, some linguists have recently suggested that this might be a 'folk etymology'--an origin for a word which, though believed by many speakers of the language, isn't historically true. The Cree word askimew means "he laces snowshoes," and these linguists believe that may have been the original name the Crees used to refer to their Inuit neighbors.
Either of these theories is possible. In our own opinion, the biggest problem with the snowshoe theory is that lacing snowshoes was not a distinguishing trait of the Inuit--nearly every American Indian tribe in Canada used laced snowshoes, with the style of snowshoe varying from tribe to tribe. For the Cree to call the Inuit "snowshoe-lacers" would have been like the Germans calling the French "shoe-wearers." Why would they do that? Since the Inuit and Aleut did and still do eat some fish uncooked, which the Cree do not, that would have been a much more sensible name (and not necessarily an insulting one, at least originally.) On the other hand, English corruptions of Native American names are often much abbreviated ("Sioux" comes from the last two syllables of the Ojibway name Naadawesiwag, for example,) so it's certainly possible that the original name could have meant "he makes circular snowshoes" or something else meaningfully descriptive.
In any event, regardless of the name's origins, many Inuit people do not like the word "Eskimo" today. "Eskimo" has often been used in a racist or demeaning way over the years, so although some communities do continue to use the word, others prefer to be called by their native name for themselves, Inuit.
https://alutiiqmuseum.org/collection/Detail/word/414
MorbidButterflyTat
(3,683 posts)
Henry203
(729 posts)Waffles are great and believe or not so are the hamburgers. I used to sell cash registers and I would have sold the entire chain if my cash register automatically printed the receipt. I lost the entire sale because of that feature.
J-9
(111 posts)is older and dying off. Gotta make room for the next generation.
MorbidButterflyTat
(3,683 posts)would make a great slogan!
DBoon
(24,283 posts)Whether it is an immigrant speaking what is to them an unfamiliar language or a change to the logo of an old restaurant.
The mere fact that things aren't just like they were 50, 60, 70 years ago is enough to give them a panic attack.
louis-t
(24,462 posts)Some marketing 'genius' right out of college decides he knows better than the millions of people that have patronized the company for 50 years.
Auggie
(32,555 posts)my guess.
Bluetus
(1,550 posts)and Wall Street concluded the people running that company don't have a clue how to move this business forward. The stock price drop was actually insignificant, with the shares still up 25% over the past 12 months.
The issue is that revenues have remained flat in recent years, but the profits are dropping sharply every year, leaving them with a very high PE of 21. McD has a PE only slightly higher and they have small but steady growth in revenues and profits.
My guess is that management has been telling Wall Street they were going to modernize their whole image, menu, decor, the whole thing. Remember when JC Penney hired the clown from Apple who tried to turn their stores into a version of the Genius Bar. That pretty much put JCP out of business.
Wall Street was looking for a plan to freshen the whole Cracker Barrel experience and image, and what they got was a new logo that could have been drawn by a 3rd-grader. I'm surprised the stock didn't drop 50%
popsdenver
(481 posts)bigger disaster than JCPennys..........Remember the New SEARS CEO years ago that decided to get out of the mail order catalog business, and put all fancier, higher priced fashion stuff in their stores????????????
(Sears with their extensive mail order business would have been in the perfect place to start up an internet business like Amazon,, with very little work..............Also how sad that Kenmore appliances and Craftsman tools have been sold off and grossly cheapened......)
Bluetus
(1,550 posts)Last edited Sat Aug 23, 2025, 03:46 PM - Edit history (1)
And as I recall, it had a lot of the characteristics of the early Amazon ecosystem, including allowing independent merchants to sell on the platform. But whenever I looked, the prices were basically MSRP -- way above the normal selling price. It was insane. They surely spent millions setting that up, but missed the most basic principle -- price competitiveness.
The site still exists, ironically selling Craftsman tools and many other things. That is owned by "Transformco" that bought up the remaining Sears assets in bankruptcy. Stanley Black & Decker owns the Craftsman brand. Sears never really made much product at all. They were strictly a retailer and broker.
Wilson Forge? made most of the Craftsman hand tools like wrenches, etc. But the quality control by Sears was extremely good. Now who ever is making them is cutting corners and turning out poor quality tools. Probably same with all their power hand tools and bigger power tools.
It seems it was taken over by some corporate "Raider" ass hole, tearing sears apart and selling off the pieces and profiting handsomely......
I was, a long time ago, a top corporate executive in the North American Retailing field. I watched as in one fell swoop, the new Sears CEO went off on an ego tripping tangent.
In my opinion, he did TWO things that were almost immediately the kiss of death. Number one, shutting down the massive catalog business and it's profit center they had, and Number two, abandoning all their long time customer base, by completely replacing the entire clothing line that the customers had always bought and were still buying, and installing across the board a much higher "fashion" line, which was completely foreign to their existing customer base, especially in Rural America.
It has always amazed me the absolute stupidity of many individuals at the top levels of Corporate Management, who surround themselves with equally stupid "YES" people in their upper management who won't be a threat to them. (Sound familiar to our executive branch?????)
Years ago, I watched a newly installed CEO at United? Airlines. He was intent on exerting his EGO by making HIS mark on the company extremely visual. For starters, he designed a whole new color scheme for the exterior of United Airliners.......I don't think most people have any idea of what is involved in replacing the current paint job on just ONE airliner and the extreme cost. Let alone the entire world wide fleet.......Then every vehicle having the new logo and same paint job........Then the new colors and logos on ALL of the forms, stationary, tickets, ticket counters, gate counters and areas, etc etc etc........Not only the associated costs, but in addition the logistics of doing it are mind boggling.........
A senior United Captain, who had 36,000 hours with United described the process and costs to me of the time needed and the stripping the paint off just one Stretch DC8-61 or one of the new 747's.......and then re-doing the primer, and then applying the new paint job. He also described the AMOUNT OF WEIGHT that was added to a plane by just the paint job. LOL he stated that the smartest airline was American, because they didn't paint their entire plane, only painted on the logos. He said that due to that, the American planes could carry thousands of more pounds of freight and/or passengers for additional profits that the other airliners that painted their entire planes were missing out on.....
Bluetus
(1,550 posts)Yes, the paint is a huge issue -- very heavy.
It is not just Sears and United, of course. It is the parade of Harvard MBAs that have done enormous damage to this country and its competitiveness. In the earlier part of the industrial revolution, most companies were led by people who had worked their way up through the company. Now that seems to be the exception, and if a company is not completely controlled by vulture capitalists that know nothing about the business, it is likely that the executive offices are dominated by people whose main skills are financial trickery and stock manipulation.
The irony with Sears is that they were in the "Internet model" 100 years before there was an Internet. Replace "catalog" with "website" and you basically have Amazon 100 years earlier. In the days when the majority of the population was rural, most of Sears' sales were mail order. If there ever was a company that was set up to make the transition to the Internet, it should have been Sears.
louis-t
(24,462 posts)Am I thinking of the same guy?
Auggie
(32,555 posts)Corporate marketing doesn't consult with nor give Wall Street advance alert on logo redesign. I've never heard of such a thing in 46 years of advertising.
The logo was likely redone to work better on social media and appeal to a younger audience. I'm not defending the redesign. I agree it looks like not a lot of thought went into it either.
Shermann
(8,969 posts)Bluetus
(1,550 posts)Have you ever attended a corporate annual shareholder meeting, especially with a struggling company?
In CB's 2014 meeting they made these promises about a "strategic transformation:"
Refine the brand: The company is evolving its branding, including a new, simplified logo and a creative campaign titled "All the More" to reposition itself.
Enhance the menu: Cracker Barrel is introducing new menu items, streamlining operations, and using strategic pricing to improve profitability while maintaining a sense of value.
Evolve the store and guest experience: The company is testing store remodels to create brighter, more modern spaces that still feel connected to the brand's heritage. Investments are focused on better operational execution and enhancing the overall atmosphere.
Win in digital and off-premise: Cracker Barrel is growing its digital business and leveraging its new "Cracker Barrel Rewards" loyalty program. The loyalty program has quickly amassed millions of members who visit and spend more frequently.
Elevate the employee experience: Initiatives include upgrading training programs and using technology to simplify roles and improve employee retention.
Now a year later, this is what they came up with?
As I said above, the stock drop was not actually very significant -- only about 5%. I don't know why everybody is obsessing about that. They are still up 25% over the past 12 months. It should have lost at least 1/3 of its value since the 2014 meeting because they have only stabilized operations at the barely profitable level and have taken no major actions to either trim non-performing properties or otherwise improvement the business.
moonshinegnomie
(3,642 posts)that caused the drop. its stupid but the stock only dropped back to where it was in june
no_hypocrisy
(53,082 posts)New Coke
JCMach1
(28,984 posts)I also saw an interview with their marketing head and ummmmmmmm.
My 15yo could do better.
Methinks they would be better served figuring out American Comfort foods of quality at affordable price point with a side of nostalgia.
Also, throw in reasonable wages and employee ownership plan.
mdbl
(7,376 posts)then they can sell all the barrels for cash after piling on a ton of debt.
ificandream
(11,368 posts)So the hell what? There are more important things to be worried about than a logo. You know, just for the heck of it, I googled "Cracker Barrel" and "Fox". Guess what? The clickbait network has done multiple stories about this to certainly rile up their idiot viewers. I'll bet this is one of their biggest stories of the week. (Juliet Jeske at Decoding Fox News keeps track of this kind of stuff. Great podcast, by the way.)
Ferrets are Cool
(22,403 posts)
sop
(16,043 posts)The name and logo changes for Aunt Jemima and Uncle Ben's also created outrage among right-wingers, the changes were viewed as "virtue signaling," "cancel culture" and "erasing tradition and history."
Aunt Jemima's parent company, Quaker Oats (a subsidiary of PepsiCo), "announced in June 2020 that it would retire the 130-year-old brand. The Aunt Jemima image was based on a 19th-century minstrel show caricature that evoked nostalgia for slavery."
"Acknowledging that the logo evoked images of servitude, the owner of Uncle Ben's, Mars Inc., announced its rebrand in September 2020. The white-haired Black man in the logo, a Chicago chef and waiter named Frank Brown, was sometimes depicted with a bow tie. In Southern states, 'uncle' was used as a deferential honorific for older Black men in place of 'Mr.' to avoid showing respect."
"Conservative outlets and commentators expressed frustration and anger over the changes, echoing broader 'culture war' sentiments, critics accused the brands of bowing to 'woke' or 'cancel culture' pressures, which they viewed as a threat to American heritage and established traditions...Some customers and critics felt the companies were needlessly abandoning recognizable and beloved brand identities. This perspective viewed the iconic characters as harmless or even positive and questioned the need for change."
ificandream
(11,368 posts)Worth looking up that story.
Response to ificandream (Reply #13)
AdamGG This message was self-deleted by its author.
Maeve
(43,307 posts)Haven't been back, haven't missed it in 12 years now
Ziggysmom
(3,903 posts)Havent been to one in many years, and that was because I needed a restroom while traveling
I_UndergroundPanther
(13,257 posts)We always stopped a Cracker Barrel when traveling 4 things I like from there their greens, their chicken fried steak, their buckeyes candies and the retro clove gum and clove sugar swizzle stix .
They can keep the horehound flavored shit.
Smilo
(1,985 posts)It was after the faux outrage from the maga crowd.
A company is trying to rebrand itself to attract younger people and maga gets upset. Snowflakes.
Polybius
(20,880 posts)
muriel_volestrangler
(104,730 posts)Now if they changed the food, or the prices, I could understand "upset". Because that actually means something. But the shape drawn on the outside of the building, or at the top of the menu? People need a sense of proportion.
A logo is designed to attract new customers - who want a way to evaluate a product before spending money on it. Existing customers have an idea of what they pay for - and, realistically, they are not paying for "sitting there with a picture of a geezer next to a barrel".
Polybius
(20,880 posts)I wouldn't boycott, but I think changing a longtime logo was bad idea, and I don't like the new one. It's not really minor either. They made a major change.
I still hate it that Instagram, Amazon, and Land O'Lakes changed their logos, and how Eskimo Pie's and Aunt Jemima changed their names entirely. I understand people who don't care (my dad had a "small things don't bother me" attitude), but they have to understand the people that do. Maybe it's a personality trait.
muriel_volestrangler
(104,730 posts)The thing is, it's their logo, not yours. I can't understand how someone can be so invested in so many companies' logos.
Polybius
(20,880 posts)The change was in 2021. The disgusting change to the one on the right still bothers me. I agree that it's their choice though.
WestMichRad
(2,617 posts)Well aint that just too bad.
Ill never set foot in their restaurants
unless someone dared me to go with purple hair, dressed in drag.
I_UndergroundPanther
(13,257 posts)With a bunch of my punk goth friends
We actually had compliments sincere ones and had a great time. Got my clove gum and clove sugar swizzle stix
djacq
(1,745 posts)
pcdb
(54 posts)FakeNoose
(38,654 posts)It seems that whenever a company suddenly realizes that their customers are getting older, they panic and decide to change it all around to appeal to younger customers.
Number one - it's a slap in the face to the older customers who are giving you most of your business.
Number two - it's NEVER a given that the younger generation will like your product or your service.
You can hope they will ... eventually. But it takes time to develop that business.
In the meantime, stockholders start to bail because it looks like you don't know what you're doing. It's always a crap shoot.
cabotnn22
(152 posts)it is generic and sterile. it seems like a lot of companies are moving towards sterile and minimalist logos - but those are so boring and have no character.
I_UndergroundPanther
(13,257 posts)So sick of it.
Sick of cars being named the ixe49a
What happened to names like firebird and mustang corvette and corolla?
Companies have gotten so uncreative and boring and disgustingly minimalist.
MorbidButterflyTat
(3,683 posts)Firebirds, Mustangs, Corvettes and Corollas, the cars?
All the cars look alike now and have for a while, plus they're boring colors. There's no individuality, no style...but lots of over priced features that relieve the driver of burdensome driving skills.
I hate those stupid commercials where a woman in headphones and another older woman pushing a baby carriage walk out into the road where a car nearly hits them. Good thing the cars told the drivers to stop!
Never mind stupid pedestrians.
Sorry about the rant.
ShazzieB
(21,611 posts)It's generic and sterile all right. Also bland and boring. I can't imagine why anyone thought that was a good idea. It shows no imagination whatsoever.
It's lIke they said, "Welp, the old guy and the barrel are too old-fashioned, gotta update it to look more modern!" So they took those out, but then they didn't add anything new. Just those 2 words floating in a bunch of blank space. *YAWN*
JustABozoOnThisBus
(24,349 posts)Actually, it doesn't. But, if I can piss off one Magat, it's a good day.
FakeNoose
(38,654 posts)Love it!
leftieNanner
(16,043 posts)Went to Austin Texas for a wedding. The hotel told us to eat there. Barf. We ordered the only two things that weren't deep fried. And even they were disgusting.
ZDU
(776 posts)JFC
Maybe a white sheet over a traffic cone would better fit the clientele?
niyad
(127,254 posts)Ferrets are Cool
(22,403 posts)A MAGA idiot, that' who.
MichMan
(15,919 posts)Envirogal
(240 posts)In April, their stock price was ant $36 and now its at $54. So while they lost some value from its strange acceleration and high of $72 in late June (in Jan. Is was at $64) it is way down from 5years ago. They need a to widen their audience (and alter their heart attack inducing menu).
I smell market manipulation this year more than feigned outrage over a logo
that still has ugly colors.
I had a photo showing my point but cant figure out how to post. But look at any stock site and then hit the 6 months to show the real stock trajectory.
https://www.google.com/finance/quote/CBRL:NASDAQ?sa=X&ved=2ahUKEwjr5oeh35-PAxXNI0QIHTapJoUQ3ecFegQIFhAY&window=6M
orangecrush
(26,717 posts)JustABozoOnThisBus
(24,349 posts)orangecrush
(26,717 posts)
coffeenap
(3,274 posts)MorbidButterflyTat
(3,683 posts)White guys in white hoods on horseback.
mwb970
(11,950 posts)The new one is clean and streamlined, and prevents the company from being pigeonholed.
But who really cares? They make a really good breakfast.
Henry203
(729 posts)For their POS systems. I was at HQ many times. Very nice people. It was a place that give people an escape. It means a lot to people. There was a local chain in Atlanta named Po Folks. They modernized and lost their customer base.
OC375
(274 posts)Feels like everyone in the whole country is spoiling for a fight. Anything will do until we can get our hooks into whomever or whatever we're pissed at. American is a target rich environment curently.
LovelyStuff
(36 posts)I ever tasted was on St Patrick's day at a Cracker Barrel in Lakeville, MN. It was quite a hike from downtown Minneapolis where I lived at the time, but I used to go there about once a month for a while in the late 1990s and early 2000s. Being black and considering the decor and the atmosphere (I considered it it 20th Century Confederacy), I was always apprehensive about going in there, but they treated me OK and the food was good. Haven't been to A Cracker Barrel now for at least a good 15 years. I've gotten older and I won't drive that far for a novelty meal anymore.
Jacson6
(1,536 posts)When the next earning reports come out they will be fine. This is stock traders panicking about nothing.
Mark.b2
(649 posts)I pulled up CBRL in Etrade today and discovered I had 300 shares I bought back in June, 2020. I dont remember specifically buying it, but I was trading lots during the early days of lockdowns. I guess I thought CB was a bargain at the time. I paid $129.62. Today, it closed at $54.40. :-/ On the bright side, I have some loss if I decide to sell and can offset some capital gains.
But, I went to the CB website to review the executive bios. I couldnt believe that every exec I looked at (CEO, CMO, COO, CFO) was relatively new (
mahina
(20,050 posts)pstokely
(10,824 posts)they think a logo change and remodeling their restaurants to resemble a Hampton Inn breakfast room will bring in younger customers despite decreasing food quality, customers that don't even have CB on their radar
Old Testament Libera
(134 posts)Apparently there is a concern that the new logo is too "woke." But it's not, it's just standard corporate marketing mediocrity. Bring back the cracker and his barrel, calm these people down!
Zambero
(9,877 posts)Carnivore heads exploded over that, as if it was being forced on them. Now the company has unveiled a bland and non-descript logo, reminding us that stupidity, just like imitation sausage, is not necessarily impossible. By the way, I have to admit that the faux-sausage is not half bad!
ReRe
(11,956 posts)They had a good run. I think it was a totally foolish decision. They could have removed the old gent and left everything else and I would never have noticed the difference. Guess I'm just not that into subliminals. Have a great picture of my family sitting in those white rocking chairs out front as we waited to get in.
jfz9580m
(15,958 posts)I was worried we were running out of non-issues to run in circles over..
Of course its not at all exclusively a right issue. I did kinda agree with Catherine Liu in Unherd (which is the type of conservative magazine that pretends to be independent, but they occasionally have an interesting piece).
I have seen similar critiques by other people like Musa Al Gharbi and well I dont disagree except that it often seems that after all the critiques of their colleagues Al Gharbi etc move on with perfunctory references to the working class but not much more interest. Its odd our images of groups that are reduced to mechanically used cliches.
But anyway what did interest me as a formerly instinctively alarmed about being seen as conspiratorial lameo, now cautiously considering the least conspiratorial stuff outside the strictly banality of evil worldview, but sans the prejudices those go with those, was this part (that sentence is an abomination but oh well..):
This is notable, because the upshot of Aokis work, and that of the wider movement he helped incept, was to defuse campus radicalism and turn would-be revolutionaries into credentialed race professionals of the kind who would soon become familiar to anyone who has faced the business end of a university diversity office or corporate HR department.
In his 2012 book, Subversives: The FBIs War on Student Radicals and Ronald Reagans Rise to Power, the journalist Seth Rosenfeld used the Freedom of Information Act to extract documents from the FBI about its activities against California militant groups during the Sixties and early Seventies. In the course of his research, he discovered that Aoki, the first Asian member of the Black Panther Party, was recruited by the FBI when he was in the Army during the Fifties to inform on student radicals. Aoki, as it happens, also midwifed the Asian American Studies section of Berkeleys ethnic-studies department, the first of its kind in the United States.
This origin story sheds a cold light on identity- and grievance-based disciplines, which were designed to emphasise visibility and representation over critically analysing and attacking capitalism itself. Other American universities would soon follow Berkeleys path and create ethnic-studies departments to signal their commitment to progressive causes.
Thanks to identity politics, militancy and activism became institutionalised within the academy and, later, the corporation and the security apparatus. Is it possible that Aoki abandoned his early commitment to anti-Communism and had a genuine conversion to the sort of identity politics he would espouse as a chief promoter of ethnic studies? Certainly. And I am not suggesting that identity politics was solely a product of the American security establishment; life is much too complex and contingent to permit such single-cause explanations. Still, there is no denying that university-based ethnic studies came to supply a new dialect of power: a way for the likes of the FBI or Goldman Sachs to deflect questions about their decisions by showcasing the diversity of the people who make those decisions.
The point is that those of us on the Left need more discussion of the origins of identity politics, the role it has played in creating nominally progressive liberal institutions, and its complicity with defanging actual radicalism.
Pretty much the sole thing Taibbi has written lately that I agreed with was his dissection of Beverly DAngelo.
Given the scale of right wingification in progress and with South Park etc stepping up to the plate, even when sincere, I sometimes wonder what exactly drives some left stuff that seems to generally hurt the movements it purports to be for. Lefties are human and I struggle to not be so annoying a lefty it helps the right and fail. But I do try because it seems to me that even if you are not a player, its common sense that if you care about any cause you want it to have wider appeal than with converts. I dont mean walking on eggshells.
But refraining from alienating even reasonable people seems hard these days.
Theres this weird battle where under the surface conflict is stoked and above ground a greasy kind of love is expected societally. Something seems off..these are societies undergoing changes and almost uniformly pointless and shitty ones.
Its such a struggle these days that I feel that there is a malicious ..well I dont know still reflexively skeptical about any worldview outside the banality of evil..
Too much food for thought these days and that too when one has so much work to do.. ;-/.
enid602
(9,533 posts)What good is a cracker barrel without the cracker?
doc03
(38,396 posts)at least up north grits, greens, fried okra and catfish. I am 77 and white and I see many customers that are not old and white
and they seem to like the food. The biggest complaint I ever hear about Cracker Barrel is it is noisy due to the decor. They need carpet and
some sound absorbing martials on walls and ceiling. I could have made that logo with an eraser, to think people actually get paid for that. LOL
Some people here criticize because of their political views, if it was a company owned by a Democratic supporter it would a favorite.
Torchlight
(5,695 posts)It's a tough old world when someone reimagines the immaginary.
Meritless and meaningless come to mind
mwmisses4289
(2,222 posts)The new logo is cheaper to print. The money saved on printing costs goes straight into the ceo's pockets.
I kinda like the new logo. Still think their food is meh, and won't eat there if I have a choice.
Vinca
(52,695 posts)LuvLoogie
(8,261 posts)The share holders sold knowing there would be a knee-jerk negative reaction. They'll buy back later.
LeftInTX
(33,983 posts)That's why Newsom memes are likely working.
Greybnk48
(10,606 posts)We had one in our town years ago and they left. If they came back I would support them just for this.
hamsterjill
(16,547 posts)To me, we have lots bigger fish to fry. No pun intended.
moonshinegnomie
(3,642 posts)period.
and while teh stock lost 100m in market cap it only fell back to where it was just 2 months ago
artemisia1
(1,132 posts)trying to market to a younger demographic not yet interested in your type of environment.