GoTo Foods’ Post

This is a very similar concept to what Taco Bell back in 2022, wondering how successful they have been Yum! Brands ? #tacobelldefy #chickfila #drivethru #qsr #retailrealestate #retail #retailcommercial #commercialrealestate

In a recently released white paper, the company emphasized Foxtrot's steady growth, its recent merger with Dom's Kitchen & Market and its focus on local brands as reasons the chain was poised for further success over the next year.  Placer.ai also pointed to a more unusual customer base that may have been underserved by other c-stores retailers to account for some of Foxtrot's success.  "The chain … offers an upscale convenience store experience and is particularly known for … its excellent wine curation and dining options," the paper stated. "Visitors to the chain were significantly more likely to fall into AGS: Behavior & Attitudes dataset's 'Wine Drinker' or 'Nutritionally Aware' segments than visitors to nearby convenience stores." Foxtrot often plays up its more refined offerings, such as providing $5 pours of its in-house wines to visitors at store openings, alongside the usual giveaways of swag and branded products. The retailer's store footprints can include not only the typical selection of packaged and prepared foods expected at a convenience store, but indoor and outdoor seating, as well as on-demand delivery. The chain also continues to make good use of the $100 million in Series C funding it raised in 2022, keeping pace with its growth plans to open 50 stores by the end of 2024. Its most recent location in Washington, D.C., expanded its regional footprint to 10 stores and marked its 33rd store overall.

"This hybrid model makes great sense and I expect to see a lot more of it," says Mark Ryski, Author, CEO & Founder of HeadCount Corporation. "Going far beyond private brands, this hybrid model offers retailers more opportunities to differentiate their offering. It’s also more flexible, and enables retailers to create time-limited and themed offerings that tap into holidays and events, like the Super Bowl for example. While this model may work in a variety of markets, it seems ideally suited to urban neighborhoods where a concentration of consumers looking for prepared foods is likely higher. But while there appears to be plenty of good reasons to adopt a hybrid model, it does require different labor skills, equipment and displays to facilitate, which need to be considered." Check out more insights from one of the retail industry’s leading experts - https://buff.ly/3qRfPx2. More great comments on this topic by RetailWire's BrainTrust experts including: Neil Saunders, DeAnn Campbell, Jeff Sward, Nikki Baird, David Spear, Mark Self, Gary Sankary, Peter Charness, Ken Morris, Brandon Rael, Cathy Hotka, Dave Wendland, Brian Cluster, Richard George, Joan Treistman, Patricia Vekich Waldron, Jeff Hall, Kenneth Leung, Scott Jennings, John Karolefski, Michael Zakkour, • Shep Hyken, and Kai Clarke - (L.I.O.N).

The convenience and service stations of the world often incorporate retail elements into their business models, supplementing their fueling options with food and beverages, souvenirs, miscellaneous travel items, and more. Here's how these businesses can consider their customers and the industry's overall trends when investing in their business in 2024.  #retail #convenience #servicestation https://lnkd.in/e-MjbW_z 

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👷♀️ Progress at the DT that is being built at Snow Hill in Wakefield appears to be going well - I wonder which brand it can be??! 🛣 Not taking the opportunity to advertise this brand's arrival and opening aside, the site is in a great location, with super visibility, on a busy trunk road connecting the North of the City with the M1, just below the cross-hairs of the M1/M62 intersection ❄️ Snow Hill retail park is a small but busy destination, with 4 other DTs and 2 inline branded food stores, a service station with forecourt food-to-go trade, a good mix of retail stores and plenty of local chimney pots to service 🏁 Competition for market share will be interesting to watch when this store opens but, by reviewing some of the key operational trading levers of the local competition, there are plenty of sales opportunities to tap into within the DT scene in this micro-trading environment. Here are my thoughts: ➡️ Opening & Trading Hours: McDonalds is open 24 hours, but the rest of the DTs are closed by 10pm. Be open when customers want to eat. There may be potential to open until 12 pm, certainly on the back half of the week, to provide an alternative customer choice post 10pm ➡️ Guest Experience: Google ratings suggest that the DTs in this area score between 3.4 and 4.5. The 2 QSR DTs don't get over 4, so there will be opportunities in product quality, speed of service, and cleanliness. I walked all the DT lanes and the DT collection windows [clutter, allergens cleanliness], walls and lanes [cleanliness, litter and landscaping], order points and menu boards [cleanliness and pricing accuracy] in all stores had opportunity for improvement. A big faux-par [and easy fix] with a new competitor about to open ➡️ Delivery: The local Cinnabon DT has the best aggretator scores at 4.7 for Uber and 4.8 for Just Eat, but closes at 9pm. Starbucks comes in at 4.5 on Deliveroo but shuts at 10pm. The QSR operators don't get any better than 4.3 on any aggregator. A super opportunity to 'own delivery' when combined with opening and trading hours review ➡️ Marketing: McDonalds was the only business that had clearly visible marketing outside their business, and of which they were making full use of. Others either didn't have anything visible, or the messaging was not targeted and/or the opportunity wasted. Get the messaging, offer, and visibility/position right to drive kerbside decision-making Perhaps this [not so mystery] brand, at this spot, doesn't need luck in opening? #restaurants #qsr #fastcasual #OpsEx #operations #operationsdirector #projectmanagement #operationsexcellence #consultancy 👋 I'm Jay, and I am a Hospitality Operations Specialist. I have worked across international & national markets, franchise & equity systems, public & private equity companies, and in over 20 brands in pubs, pub restaurants, hotels, Grab & Go, and QSR sectors. Reach out to arrange a meeting and a chat [no obligation], and to enjoy a coffee together ☕️ #opentowork

Speed, convenience and comfort...what is not to love from a C-store. Howland Blackiston and King-Casey talk about C-store design to drive restaurant traffic on the path to a traveler's gas stop...smart. Consider changing your C-store model Store By Store, consider a drive-thru. #branding #growth #strategy #planning #captiveaudience #sales

Whole Foods Market is expanding its footprint with the opening of a small-format store in NYC. The new Whole Foods Market Daily Shop will be a quick-shop store ranging from 7,000-14,000 square feet, about a quarter to half the size of the average 40,000-square-foot Whole Foods Market store. The first location will open on the Upper East Side in Manhattan this year, with additional locations in New York City to follow. Whole Foods Market plans to expand the format to other cities across the country after the New York City launch. This is not Whole Foods Market's first time testing the small-format store concept. In 2019, the grocer piloted a smaller version of the Daily Shop concept in New York’s Chelsea neighborhood. The company needed to repurpose the space for online orders during the pandemic, but the positive customer response to the pilot has led to the exciting expansion of the new Whole Foods Market Daily Shop locations. #WholeFoodsMarket #NewStore #SmallFormat #NYCExpansion

🍔 Burger King Unveils "Sizzle": A Glimpse into the Future of Fast Food 🚀 Burger King is stepping boldly into the future with its revolutionary prototype, "Sizzle." This marks Year 2 of the brand's ambitious "Reclaim the Flame" initiative, a $400 million plan launched 13 months ago. "Sizzle" isn't just a design overhaul; it's a strategic move to enhance guest experiences and adapt to evolving consumer preferences. The prototype, already implemented in Marion, North Carolina, and Las Vegas, focuses on a warm and inviting atmosphere, featuring kiosks, double-lane drive-thrus, and efficient in-store mobile order and pickup options. Tom Curtis, North America President, highlights the success of Carrols Restaurant Group, Burger King's largest franchisee, in adopting "Sizzle." Carrols reported a remarkable quarter, with same-store sales climbing 10.4% and restaurant-level profit margins reaching 14%. Curtis reveals Carrols' intention to embrace "Sizzle" in all future openings. The "Sizzle" prototype is not just a cosmetic change; it streamlines operations, reducing steps for employees and optimizing service efficiency. It offers flexibility for franchisees, allowing them to choose seating capacities of 40, 60, or 80, depending on their needs. With an eye on the future, Burger King plans to complete 14 additional prototypes in 2023. The focus on "scrape and rebuilds" in 2024 underscores the brand's commitment to long-term transformation. Franchisees are expected to gravitate towards "Sizzle" not only due to its appeal but also because it aligns with operational efficiency and cost parity. Burger King has earmarked $200 million for store designs, emphasizing a shift towards remodels and rebuilds. While "Sizzle" is poised to become the go-to option, it won't be mandatory to refit existing stores immediately. The brand's measured approach ensures a consistent and appealing image for operators and guests alike. The conference theme, "Express and Accentuate Progress," reflects Burger King's strides in the past year. Q2 reported an 8.3% same-store sales growth, showcasing positive momentum. Despite success, the brand acknowledges the ongoing challenge of increasing guest counts, emphasizing the need for continued innovation. The iconic "King" mascot makes a symbolic return, signaling a shift in marketing strategy. Curtis underscores the importance of highlighting Burger King's flame-grilled identity, especially the smoky backyard barbecue flavor unique to the brand. Burger King's journey mirrors past successes at Domino's, with a decade-long focus on becoming "cool and relevant." The excitement and optimism are palpable, yet the brand remains grounded, recognizing the ongoing effort needed for success. 🚀🍟 What do YOU think? Is this enough for Burger King to "reclaim the flame?" #BurgerKing #QSR #ReDesign

The Drive-Thru of the future shouldn't be what you think it is. We spent months of hard work auditing, brainstorming, and formulating some ideas about the Drive-Thru of the future. Many of our partners, and brands alike, see anywhere from 60-90% of their business coming through the window. Question is - why hasn't Drive-Thru seen innovation? And when they have, how was it applied? So we got to work, and developed a theory on how the Drive-Thru of the future isn't necessarily what you think it is. Download the report today and share your thoughts with us, we'd love to hear your perspective! #retail #restaurant #qsr #food #drivethru #brandexperience Richie Mayekar Le / Brian Seitz / Mindi Trank / Kenneth O'Connell Proprietary development by Chute Gerdeman