The economy may be the reason that restaurant industry chain executives
site most often when reporting sluggish results. However deep within the four
walls of C-level suites restaurant chain executives are pondering the success
Grocery stores delis and Convenience stores are finding within the fresh
prepared ready-2-eat and heat-N-eat food niche.
Restaurant industry market share capitulation is not on their agenda
particularly when it is restaurateur’s market share that is getting eaten by
these non-traditional competitors.
7 Eleven is opening 2 stores a day the rest of this year. Most of those units do not offer
gasoline. The focus for success evolving
at 7 Eleven is fresh prepared food.
Consumers are responding and sales and profits are up. Wawa has opened
new units in Florida and will reach 100 units within five years. Wawa is recognized for fresh prepared food
specifically COFFEE and HOGGIES. Wawa and 7 Eleven are both garnering retail
fresh food market share.
Don Thompson CEO of McDonalds in a call with industry analysts said that
they saw an increase in competitive activity throughout the “informal-eating-out”
marketplace. Thompson noted that McDonalds will strengthen its value
proposition while increasing it marketing messaging spend to increase
incremental visits.
Jack Hartung CEO of Chipotle Mexican Grill noted in a similar analyst call
said that a significant percentage of the Chipotle’s increases during this last
period came from takeout. Panera Bread
has begun opening new units with drive-thru’s a clear sign consumers desire for
quality food fast is driving change within the industry.
Foodservice Solutions® 5 P’s of Food Marketing: Product, Packaging, Placement, Portability,
and Price when integrated into a brands menu and messaging provide a platform
for retail food success in 2012. Howard Schultz CEO of Starbucks noted that
there was a “macro fracture” in consumer confidence. However Starbucks brand excels at integrating
the 5 P’s of food marketing and Schultz believes that they will do fine.
Safeway,
Kroger, Whole Foods all reported top line growth in ready-2-eat fresh prepared
food sales. Whole Foods is rapidly
becoming known as Whole Fresh Food instead of Whole Pay Check. Consumers lacking the skill-set, time, or
desire to prepare a cook from scratch meal at home have opted for ready-2-eat
fresh prepared meal components. Those components can come from any food
retailer but are of late coming from Grocery Stores, Club Stores, C-stores, and
Urban Chain Drug Stores.
Foodservice
Solutions® has discovered some universal commonalities from those commonalities
they developed: The 5’P’s of Food Marketing.
Is your restaurant, grocery store or convenience store ready to garner
new consumers? Are you prepared to
reposition your menu for the consumers of today?
Invite Foodservice Solutions® to complete a
grocerant program assessment, brand, product placement or positioning
assistance. Since 1991 Foodservice Solutions® of Tacoma, WA has been the global
leader in the Grocerant niche visit Facebook.com/Steven Johnson, Linkedin.com/in/grocerant
or
twitter.com/grocerant.
No comments:
Post a Comment