DoorDash’s Post

Exciting news from Greggs as the bakery and fast food chain plans to open 140-160 net new shops in 2024! With a 9.4% rise in Q4 like-for-like sales and a 13.7% overall growth in 2023, the strategic focus on late-night trading and partnerships like Uber eats is paying off. CEO Roisin Currie's growth plan includes stores trading after 4 pm, contributing to a stellar 19.6% increase in full-year total sales to £1.81 billion. Here's to more growth, innovation, and freshly prepared delights from Greggs in 2024! #GreggsExpansion #Greggs #RetailSuccess #StrategicGrowth #RoisinCurrieLeadership #RetailSavvy #SavvyInsights

As consumers balance their budgets, the battle between restaurants and supermarkets over who is cooking dinner has gotten intense and could have some interesting behavioral implications that marketers will need to watch. Grocery chains are investing in new menu items and expanded offerings to help shoppers serve great meals at home while at the same time driving foot traffic to their stores. The strategy is attracting new shoppers as well as increasing trip frequency for existing customers. This has been a focus for Kroger who has become the biggest seller of sushi in the US and they aren’t alone as dollar sales of grocery store sushi have grown by a staggering 72% in the last year. Instacart is also going after new shoppers but their angle right now is using back to school shopping as a means to let consumers know they deliver more than just food This will be fascinating to watch as these initiatives are already shifting consumer behaviors and brands will need to adapt. #mattshottake #marketing #grocery Check out last week's newsletter where I discuss how traditional linear TV viewership has dipped below 50% of total view time in the US and what could be next in the world of streaming: https://bit.ly/3snSFkJ Subscribe inside the newsletter link for more!

Couldn't find anything that rhymes with Ocado, so will keep it simple. There wasn't a chance in France that if Hector Butler had asked me 12 months ago whether we would be stocked at one of the largest retailers in the U.K. I would've said yes. Ocado Retail Ltd was one of those names that lived on decks since the beginning as a key target - a signal that we would be starting to get some real traction in the market. With around 1,000,000 active customers ordering premium groceries, we can't think of any better shelves to be landing on at the moment. P.s. "Carbonado" - which is apparently not fun slang for a much loved pasta dish, but actually a type of amorphous carbon, or "black diamond". With an intro offer offer of £2.50 per can, head on over to Ocado - and keep it Carbonado. https://lnkd.in/eYsJREdg

When a restaurant inevitably runs out of something in the middle of service—eggs, ketchup, napkins—it’s common to send an employee to the nearest grocery store or wholesaler like Jetro Restaurant Depot or US Foods CHEF'STORE for the missing item. While doing a deep dive into its customer data recently, Instacart discovered that a chunk of its users were not individual consumers but small and medium-sized businesses. The company dug deeper and learned that the release of pent-up pandemic demand, combined with supply chain backups, had made it more difficult for busy restaurants to stay stocked. Now, they have embraced this growing segment with a new division called Instacart Business. Instacart apparently has no intention of disrupting the existing restaurant supply chain, but it can be helpful to restaurants in a pinch. Curious how foodservice suppliers like Sysco, US Foods, and Farmer Brothers are evolving to deliver in situations like this. #lastmiledelivery #customerexperience Andrew Nodes

J Sainsbury PLC (LSE:SBRY) is launching the “biggest-ever Aldi price match campaign”, after it added an extra 40 items to the scheme, meaning more than 400 items are now tethered to the UK’s cheapest #supermarket. Soups, bread and apple pies will all be added to the price match scheme as the group claims a slowdown of #FoodInflation means it is now “fully committed to passing on savings to customers”. #Nectar prices will also be improved to help customers, with the programme now available for frozen foods like Goodfella’s stone-baked pepperoni pizza, which normally is worth £3 but drops to £1.50 under the changes. Simon Roberts, chief executive of Sainsbury's, said: “We’re continuing to do all we can to battle inflation and as costs fall, so do our prices. We’re passing savings on as fast as we can, wherever we can so that customers get the very best prices when they shop with us.” More at #Proactive #ProactiveInvestors #LSE #SBRY #Sainsburys http://ow.ly/AVKw104RXqH

Top 5 Food News headlines of the week.

McDonald's, once America's leading fast-food chain, is facing a significant decline in popularity and sales due to multiple price increases. The company has lost millions of customers and billions in sales annually, leading to cash flow problems and a potential collapse in the industry it helped establish. Customer defections have become common at McDonald's restaurants across the US, with losses reported in nine out of the past ten months. Analysis shows that these losses are directly related to the company's new pricing strategy. McDonald's announced another round of price increases in April, citing rising commodity prices and labour costs. However, analysts argue that higher menu prices are shrinking the customer base and negatively impacting the company's bottom line, despite claims of increased earnings and revenue. While same-store sales have increased over the past decade, this growth is primarily driven by higher average checks rather than increased customer visits. This pricing strategy poses a significant risk to the brand's future. Analysts question how many lost customers it will take for McDonald's to address this trend. Some predict that the average customer would need to spend $20 per transaction to compensate for the shrinking customer base, which is unlikely. During discussions with investors, McDonald's CFO acknowledged that the company could not survive with declining customer counts. However, no action has been taken to prevent this decline. Instead of investing in retaining and expanding its customer base of affordable dining patrons, McDonald's is targeting a demographic that already has numerous higher-priced burger chain options. In an increasingly competitive industry, being a large and established chain no longer guarantees success. Businesses must adapt and value existing customers. The self-inflicted crisis facing McDonald's will have significant consequences in the near future, and the potential collapse of America's iconic fast-food chain is worrisome. To learn how to protect your wealth from the economic collapse currently underway, please contact Adrian Spitters at (604) 855-6846. Alternatively, you can book a complimentary Zoom call at: https://lnkd.in/gQv-Du9v To stay informed about alternative financial news, consider subscribing to the PFC Wealth Solutions Market Update & Economic Outlook Newsletter: https://lnkd.in/d4du3eYh You can also access previous editions HERE: https://lnkd.in/gvnzYJ-q #investing #success #growth #restaurants #food #brand

Life in the fast lane. Among US fast #food chains, Starbucks is growing the fastest. The coffeehouse behemoth added 429 stores in 2022, while Crumbl Cookies and Jersey Mike's Subs came in second and third with 363 and 297 locations, respectively. Subway on the other hand, closed over 570 locations last year. However, the sandwich chain still has the largest total store count in the US (20K) despite the closures, and it just sold itself to Roark Capital in a deal that could be worth up to $9.6B. As fast #food chains pursue growth, many are turning to #tech, like food prep #robots, to gain a competitive edge.

We’re excited to share that we’ve broadened grocery selection with multiple new partners as we continue our rapid growth beyond restaurants. Today, we’ve announced the addition of CUB, Eataly, El Super, Fiesta Mart, Lowe’s Markets, Pruett’s Food, Stater Bros. Markets and Strack & Van Til on the DoorDash Marketplace. We also announced an expanded partnership with ALDI - consumers can now order on-demand alcohol delivery from more than 1,600 ALDI locations across 21 states on DoorDash. The new partnerships announced today add to the 100,000+ non-restaurant stores on DoorDash’s Marketplace and Drive platforms across North America––more than any other marketplace on the continent today. Now, more than 99 percent of DoorDash’s U.S. consumers have access to a convenience and grocery retailer, and are connected to the very best of their local economies. The grocers announced today recognize DoorDash as a source of incremental growth, accelerating what we believe to be the fastest-growing platform for grocery in North America - read more here. https://lnkd.in/eMsa7Hyc https://lnkd.in/eZWHrPHj Cameron Crowe-Morgan Lucas Solmes Albert Chang Kolin Smialek Jacob Morello