Restaurant
customer migration is being documented month after month in Nation’s Restaurant
News with regular reports by Black Box Intelligence focusing on both Same-Store
Sales and Traffic. Black Box reported
that in November traffic at US restaurants declined 0.09 percent, in December
they reported a decline of 4.5 percent, and in January a decline of 2.2
percent. Uneven as these numbers are restaurant customers are not all on diets
or eating less according to Foodservice Solutions® Grocerant Guru they are in
fact “eating fresh prepared food somewhere else; at new Non-Traditional points
of fresh food distribution aka at grocerants.
Restaurant consumers are dynamic not static. Restaurants must change with consumer or risk
losing consumer relevance. In a recently released study titled The Why? Behind The Buy found “65% of
Millennials say losing this phone or computer would have a greater negative
impact on their daily routine than losing their car.” That is a dynamic shift in consumer
mindset. Are you willing to give
up your car? Soon Millennials will out spend Generation X and the Boomer Generation.
Is your company prepared for the customer of today?
That same study found that young shoppers are
adapting to new food trends including buying Ready-2-Eat and Heat-N-Eat fresh
prepared food. That is something all food retailers need to pay particular
attention too. In fact that study found that in the past 30 days: “
Bought Home Prepared Foods GenY / Mellennials 78% Gen X only
68%, and Boomers 60%.” The battle for
share of stomach is taking place not just in the drive-thru it is occurring everywhere
fresh food is sold.
Another study conducted by Technomic found “Fifty-seven percent of consumers say
they have purchased prepared foods from c-stores, while approximately one-third
of consumers who visit c-stores for fresh-food items purchase them at least
once a week from these stores.” Does your company need Outside Eye’s to help
you drive Inside results? Foodservice
Solutions® can do just that. Have you
been following SBUX?
Retail food merchant extraordinaire Howard Schultz,
president and CEO of Starbucks stated he sees a “seismic shift” to online
shopping. So concerned was Schultz he has reorganized Starbucks
leadership team. His concern was based on retail research indicators (and
I think SBUX sales numbers) pointing to the fact that legacy brick and mortar
retail stores locations are at an “inflection point” in losing traffic to
e-commerce shopping. So, just what does that mean to your brand, your
sales?
The battle for customer’s hearts, minds, and
wallets is not between QSR’s any longer.
The battle is about a battle for share
of stomach. Legacy QSR’s and restaurants must revalue brand touch points
edifying contemporary relevance or continue risk losing customers. Channel
blurring is not in the minds-eye of the consumer. Channel blurring is
only in the minds-eye of Neanderthal brand mangers that do not understand the
concept of share of stomach. Proactive brands are producing
positive same store sales and positive customer counts. Do you need
Outside Eyes?
Visit: www.FoodserviceSolutions.us if you are interested in learning how
Foodservice Solutions 5P’s of Food Marketing can edify your retail food brand while
creating a platform for consumer convenient meal participation, differentiation
and individualization or you can learn more at Facebook.com/Steven
Johnson, Linkedin.com/in/grocerant or twitter
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