Top Choices According to an early 2017 Market Force poll of more than 11,000 consumers, In-N-Out Burger was #1 in the burger category by being rated.

Slides:



Advertisements
Similar presentations
LAKESIDE GRILL REPORT Prepared by Alexa Gaudin Destiny Johnson Brooke Redding Zach Zambrano Juan Nolasco.
Advertisements

Feeling Good About Being a Grocer
Let the Spending Begin Although there have been disruptions, turmoil, bankruptcies and store closings, the retail sector is still in good shape, which.
Business Takes a Tumble
A Refreshing Rise in Revenues
Market Drivers According to Euromonitor, 2015 US sales of children’s clothing totaled $135.6 billion, which was 12% of the entire apparel market. Since.
In Search of Growth As the overall restaurant industry experienced a 3.8% revenue increase during 2015, total US pizza restaurant sales were essentially.
Positive Gift Givers’ Market
A Spring Sales Event Driven by Emotion
A Flavorful Market Explosion
Give Mom (and the Economy) a Lift with a Gift
An Economy in Need of a Pick-Me-Up
An Economy Primed for Consumer Spending
Men Make a Fashion Statement
Retailers Jumping for Joy
Another Year of Stellar Sales… with More to Come
Travel Agents Are Still in the Game
Fruitful Vines According to data from Wine Institute, 913 million gallons of all wines were consumed in the US during 2015, a 3.0% increase over 2014’s.
The Ruler of Retail According to The Association for Convenience & Fuel Retailing (NACS), 2014 revenues for the industry totaled $696.1 billion, with.
The Great American Escape
Searching for Stability
The Industry’s Big Numbers
Growth Gain Pain Regardless of who is doing the measuring, supermarket sales increased only marginally during Total grocery sales in all channels.
Looking back a year According to the 2016 Houzz State of the Industry Report, the general contractors (GC)/remodelers/builders category experienced.
Hardware Stores Hold Their Own
Integrating Indoor and Outdoor Living
The Wine Is Fine According to the latest data (2016) from the Wine Institute, total wine sales, as measured in 9-liter cases, increased 4.2% to $59.5.
Status Quo Sales According to US Census Bureau data, total US retail jewelry stores sales were $ billion during 2015, only a 0.007% increase from.
The Up-and-Down Economy
Quick-Service Restaurants
Dollars Dominance The latest annual revenue numbers in Supermarket News’ 2016 Top 75 US & Canadian Food Retailers & Wholesalers list clearly reveal the.
Where Retail Isn’t Struggling
The Angling Attraction
Happier Americans Are Bigger Consumers
Back to the Mountains Although US snowsports visits for the 2015–2016 season decreased 1.5% from the previous year, to million, the number of.
A Solid Economy for Spending
Market research The action or activity of gathering information about consumers' needs and preferences.
© 2018 Media Group Online, Inc. All rights reserved.
A Red-Hot Market Cools During 2017
Without Inside Sales, Convenience Stores Would Be a Less-Profitable Business
Menswear Market Generates Significant Sales Increase
What Americans Like To Do With Their Time Off
Growing Faster Than the Conventional Food and Non-Food Markets
More Choices Attract More Guests
Fast-Casuals Set the Pace
Online Grocery Shopping to Enter Mainstream Sooner Than Expected
Technology Is Changing Consumers’ Interactions with Restaurants
Plenty of Toy-Shopping Alternatives
Agility Is the Winning Strategy for Children’s Apparel Retailers
Ravenous for Revenues Total revenues for the US restaurant industry have increased 20.9%, from 2010’s $586.7 billion to an estimated $709.2 billion for.
2017 Footwear Sales Didn’t Leave Much of an Impression
A 20-Year Explosion in Pet Products Spending
Understanding Today’s Grocery Shoppers
Record-Breaking Holiday Spending Should Benefit Valentine’s Day
Sizzlin’ Hot According to PMQ Pizza Magazine’s 2018 State of the Industry Report, US pizza sales increased 4.58%, to a total of $45.1 billion for the.
Be Prepared for a Last-Minute Shopper Surge
A Good Economy Generates Increased Restaurant Traffic
MILLENNIAL EATING HABITS
Stale Suds Sales Although the latest data from various industry sources are slightly different, they are in general agreement that the beer market continues.
Guests Still Don’t Widely Use Restaurant Technology
A Toast to a Growing Industry
10 Years of a Faltering Market
On the Trail of the American Traveler
Weekly C-Store Shopping Patterns
Multichannel shoppers Part 2 – Detailed channel and category analysis
Culinary Delight.
Make Mother’s Day a Retail Sales Spike
More Choices Negatively Affect Domestic Brands
SPENDING NEEDS A BOOST According to the latest data from the American Dental Association (ADA)/Health Policy Institute (HPI), total dental spending.
Enticing Today’s Grocery Shoppers Is a Mix of the Old and New
Presentation transcript:

Top Choices According to an early 2017 Market Force poll of more than 11,000 consumers, In-N-Out Burger was #1 in the burger category by being rated first in all 8 customer- experience categories. Culver’s was second and Five Guys Burgers was third. In the Mexican food category, Chipotle returned to the top position, followed by Moe’s Southwest Grill and El Pollo. Marco’s Pizza was first in the pizza category for the first time, with Papa Murphy’s a close second, and then Pizza Ranch. Chick-fil-A was first in the chicken category for the third consecutive year, followed by Raising Cane’s and Zaxby’s. Firehouse Subs moved from second in the 2016 poll to first, with Jersey Mike’s and Jason’s Deli second and third.

Understanding Influential Diners To provide more insights into restaurant diners, Acosta has defined four types of influential diners. Its latest research found that 40% of all diners are either Explorers or Connectors and spend significantly more on food at restaurants than other diners. For Explorers and Connectors, the primary attraction is the dining experience, as 73% of Explorers and 84% of Connectors love to try new restaurants. Although Connectors are most focused on mealtime as a family activity, 81% of them are male while females are more likely to be Bargain Seekers, 65%, and Habituals, 60%.

Satisfying Millennials’ Taste Buds Harris Poll’s 29th annual EquiTrend Study (May 2017) revealed that Millennials are driving the brand equity of coffee and quick service restaurants brands much greater than Baby Boomers. Baby Boomers were responsible for reducing the brand equity of pizza and fast casual Mexican restaurants, at -8.0 and -7.6 points, respectively, which is likely because older patrons want to eat healthier and don’t have to cater to children’s food choices. Acosta research from early 2017 found that 51% of Millennials look online for restaurant coupons and offers, but larger percentages of Gen X diners and diners with kids want those deals, at 57% each. Baby Boomers were last at 44%.

Let’s Do Lunch! A somewhat surprising result from The Hartman Group research is that people are less likely to eat lunch with their friends than anyone else. Only 16% eat with friends; 19%, couples; 21%, family; and 44% alone. Where Americans purchase lunchtime food and beverages is also different than what might be expected, as just 33% make those purchases at restaurants while 43% make them at grocery stores. In what is a likely reflection of Americans’ focus on healthier eating, 75% said that fresh, less processed lunchtime menu items were their key need, which was tied with quick and easy; followed by flavor distinction, 67%; and moderation, 65%.

A Menu of Customer Challenges Although AlixPartners’ February 2017 survey of more than 1,000 adults revealed that 57% planned to visit restaurants during the next 12 months as many times as they did during the previous 12, high-frequency diners were planning to reduce their visits. Fast-food and fast-casual patrons who eat there at least twice a week said they would be reducing their visits by 8% and 13%, respectively. For example, they planned to eat 4.11 fast-food meals per month instead of the previous 4.37. Another challenge for restaurants is attracting more of the lightest visitors, or those who visit once or less per week. According to research from The NPD Group, one additional visit per year from 50% of the lightest visitors would increase sales $1.1 billion.

Advertising Strategies The Acosta report on Influential Diners seems to indicate that family-style restaurants should target men more than women and offer a return-visit coupon for the following week since 83% of Connectors ate a restaurant meal at least once per week. Since The Hartman Group found that most people eat lunch alone, restaurants may want to offer group, couples and/or family specials to encourage more of these lone patrons to invite others to join them for lunch. Based on The Media Audit data, restaurants that use early-morning local TV programming to attract lunchtime patrons may want to offer a dinnertime coupon/discount for the next day.

New Media Strategies Use a social media poll of patrons to determine who are the lightest visitors (visit once or less per week) and ask them what incentives would compel them to increase their visits. Offer patrons a dessert discount if they complete the restaurant’s customer satisfaction survey online during their meal. Because a larger percentage of Gen X diners with kids look for online restaurant coupons than Millennials, offer coupons to families with older kids, such as Tweeners and teenagers, who are more likely to have Gen X parents.