When consumer eating habits evolve chain restaurants face a daunting
task; evolve with the customer or lose customers according to Foodservice
Solutions® Grocerant Guru™. Wendy’s
Right Size Right Price promotion was aiming in the right direction but missed
the size, price, and portion part.
Popeyes Marketing Guru and CEO Cheryl Bachelder stated: "What we're seeing is the
definition of meals is changing.” She said Popeyes' new menu items are
developed to work as snacks and be easy to eat on the go, such as its
"Rip'n" chicken, which is shaped so pieces can be torn off
easily. In layman’s terms snacks equates
to smaller size smaller price.
Convenience stores have been utilizing
mix and match meal bundling for years and have been not only getting it right
they have been Looking A Customer Ahead and garnering new customers according
to our own Grocerant Guru™.
Fast food chain restaurant are today
moving from super-sizing everything to a new formula of size to price and price
to drive frequency. During times of seeming economic upheaval, with a whipsaw stock market
that is creating uncertainty and disillusionment consumer want more for less according to our team
at Foodservice Solutions®.
Taco Bell’s new "Dare
Devil Loaded Grillers," which are smaller burritos for about a buck have
created quite a stir filling the bill of more for less. Consumers are getting
more in numbers of burritos for a valued price point $1.00.
Arby's introduced a lineup of sliders,
with the miniature versions of its regular sandwiches costing less than $2
each. Earlier this year, Sonic introduced "Lil Doggies" and "Lil Chickies,"or
petite hot dogs and chicken sandwiches, for around the same price. Each was so
popular the Sonic is bringing them back.
The Whopper may be King at Burger King
but recently Burger King said “the return of its chicken fries is helping push
up sales, with many people stopping in to get French fry-shaped fried chicken
as a snack.” Dunkin' Donuts CEO Nigel
Travis has said the chain's new sandwiches are meant to be snacks - not lunch -
to fit with the changing way people are eating. In layman’s terms consumers
want more
for less.
Arby's Chief Marketing Officer Rob
Lynch stated “Fast-food chains are losing out to convenience store chains such
as Wawa Inc. because c-stores do a better job with smaller, cheaper
products. What Lynch is missing is the
fact that Wawa, Sheetz, Casey’s General Stores, and Rutter’s Farm Stores
leverages mix and match meal bundling options better than Arby’s, Wendy’s,
McDonald’s and Burger King.
At the intersection of smaller and
smaller family size, time constraints, and a whipsaw stock market creating
uncertainty; chain restaurants,
convenience stores, and grocery store deli’s must focus on Ready-2-Eat and Heat-N-Eat
fresh prepared food, new bundled meal component options and a platform void of
brand protectionism.
www.FoodserviceSolutions.us specializes in outsourced business
development. We can help you identify, quantify and qualify additional food
retail segment opportunities or a brand leveraging integration strategy.
Foodservice Solutions of Tacoma WA is the global
leader in the Grocerant niche since 1991 Contact: Steve@FoodserviceSolutions.us
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