View previous topic :: View next topic |
Author |
Message |
Basketball Fan Franchise Player
Joined: 03 Feb 2004 Posts: 24744
|
Posted: Sun Jun 04, 2017 11:19 am Post subject: BI: Millenials are killing chains like Buffalo Wild Wings and Applebee's |
|
|
Quote: |
Casual dining is in danger — and millennials are to blame.
Brands such as TGI Fridays, Ruby Tuesday, and Applebee's have faced sales slumps and dozens of restaurant closures, as casual dining chains have struggled to attract customers and grow sales.
"Casual-dining restaurants face a uniquely challenging market today," Buffalo Wild Wings CEO Sally Smith recently wrote in a letter to shareholders.
According to Smith, these sit-down restaurants' struggles can blamed on the most-frequently besmirched generation: millennials.
"Millennial consumers are more attracted than their elders to cooking at home, ordering delivery from restaurants and eating quickly, in fast-casual or quick-serve restaurants," Smith wrote.
While blaming millennials has become a trend to the point of cliche in retail, Smith isn't wrong to zero in on younger customers' changing tastes as a major factor in casual dining's downfall.
"Now, there's many, many options that people are replacing chains with," Victor Fernandez, restaurant industry tracker TDn2K's executive director of insights, recently told Business Insider.
Many of these options involve cooking at home. Grocery chains are increasingly competing with restaurants, thanks to lower prices and perks such as pick-up and delivery, new technology, and trendy features like wine bars and to-go meals. Plus, meal delivery kits such as Blue Apron are focused on getting millennials on a subscription plan that will convince them to stay in and cook a certain number of days a week.
Convenience is also a factor, both when it comes to delivery and speed of service. And casual dining chains are still playing catch-up with regards to delivery.
"The only part of casual dining that’s growing right now is the off premise side," said Bonnie Riggs, foodservice industry analyst for NPD, recently told Nation's Restaurant News.
Cheesecake Factory announced earlier this year it is expanding delivery to half of its 194 US locations through DoorDash, a third party delivery service. T.G.I. Fridays, Chili's, and Maggiano's are all now on Grubhub, and Buffalo Wild Wings and Red Robin are testing the service. Outback Steakhouse is using both third-party services and building its own delivery service.
While delivery is clearly a compelling option to offer, it isn't a simple service for restaurants to add. Customers often spend less when ordering delivery, especially at casual dining chains that rely on alcohol orders to drive sales. In-house delivery means added complexities, paying drivers, and additional insurance costs. Using a third-party means losing control over the food's quality.
Then, there are the more convenient chains that have drawn millennial customers away from casual dining options.
The growth of fast-casual chains such as Chipotle and Panera have been especially harmful. These chains manage to bring both convenience and lower prices to millennial customers, who are less enthused about spending more money just for the "experience" of sitting in a booth at a casual dining joint.
The fast-casual industry grew by 550% from 1999 to 2014, The Washington Post reported. By 2020, the fast-casual market in the US is expected to reach $66.9 billion, according to the market-research company Technavio.
"They have more of a healthy perception, there's quicker service times," Wedbush analyst Colin Radke told Business Insider in March. "The healthiness and the speed of service — that's been taking market share from casual dining."
Specific trends aside, when Smith says that millennials tastes differ from what casual dining chains can offer, she's avoiding a more blunt statement: that casual dining brands just aren't cool any more.
"When you look at the alternatives out there in the marketplace today and who's creating buzz and creating excitement, it's gone away from chain casual dining," John Antioco, TGI Fridays CEO who is attempting to rebrand the chain as a gastropub, told Business Insider. |
http://www.businessinsider.com/mille...aurants-2017-5 |
|
Back to top |
|
|
Mike@LG Moderator
Joined: 10 Apr 2001 Posts: 65135 Location: Orange County, CA
|
Posted: Sun Jun 04, 2017 11:35 am Post subject: |
|
|
Maybe make better products? _________________ Resident Car Nut.
https://lakersdraft.substack.com/
I am not an economic advisor nor do I advise economic strategies or plans. |
|
Back to top |
|
|
Cutheon Franchise Player
Joined: 10 Jul 2009 Posts: 12111 Location: Bay Area
|
Posted: Sun Jun 04, 2017 11:53 am Post subject: |
|
|
Welcome to capitalism, (bleep). *Jesse Pinkman voice* |
|
Back to top |
|
|
lakers0505 Franchise Player
Joined: 23 Jun 2005 Posts: 10701
|
Posted: Sun Jun 04, 2017 12:10 pm Post subject: |
|
|
Mike@LG wrote: | Maybe make better products? |
Yep.
I've preferred cooking at home, or if I do eat out...it's either something non-chain related or I grab it to go.
I feel those casual restaurants have a place though, if you simply want to grab quick food and drink - its an easy go to those places with someone since everyone knows about the food you'll get. |
|
Back to top |
|
|
lakersken80 Retired Number
Joined: 12 Aug 2009 Posts: 38751
|
Posted: Sun Jun 04, 2017 12:11 pm Post subject: |
|
|
Its a changing world, I would say adapt or die, but some of these chains are destined to die because their business model was based on the previous generations dining and spending behaviors. Its also a reason why I think many malls will end up shutting down because everyone is buying online nowadays, nobody has time to driving around looking for bargains when they can do it sitting behind the computer. |
|
Back to top |
|
|
jodeke Retired Number
Joined: 17 Nov 2007 Posts: 67317 Location: In a world where admitting to not knowing something is considered a great way to learn.
|
Posted: Sun Jun 04, 2017 12:20 pm Post subject: |
|
|
Friends coming to watch the game today. Broke out my Philips AirFryer. Got a bunch of chicken wings and gonna do some hot wings and french fried potatoes. I do most of my own cooking. Got a taquito recipe from CL that I use frequently.
Once you get the hang of a airfryer you probably will eat a lot healthier. Also I use a power pressure cooker. Finger lickin good. With the modern cooking appliance on the market today, standing over a stove is a thing of the past.
Hardest part is prepping. _________________ Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves. |
|
Back to top |
|
|
Aeneas Hunter Retired Number
Joined: 12 Jul 2005 Posts: 31763
|
Posted: Sun Jun 04, 2017 1:04 pm Post subject: |
|
|
Do the nurses at the facility help with the clean up? |
|
Back to top |
|
|
DaMuleRules Retired Number
Joined: 10 Dec 2006 Posts: 52624 Location: Making a safety stop at 15 feet.
|
Posted: Sun Jun 04, 2017 1:08 pm Post subject: |
|
|
I've seen a lot of millennial bashing in the past, but this take the cakes. It's not just millennial who are changing their dining habits. It's just about everyone.
Times change and the way consumers go about their business does as well. There are far more options for dining than there were in previous years. The stratification of said options is now composed of many more layers than it was 10/20 years ago. as those layers increased, the pool of consumers for any one layer is going to decrease. _________________ You thought God was an architect, now you know
He’s something like a pipe bomb ready to blow
And everything you built that’s all for show
goes up in flames
In 24 frames
Jason Isbell
Man, do those lyrics resonate right now
Last edited by DaMuleRules on Sun Jun 04, 2017 2:53 pm; edited 1 time in total |
|
Back to top |
|
|
Fan0Bynum17 Franchise Player
Joined: 30 Nov 2005 Posts: 15436
|
Posted: Sun Jun 04, 2017 1:21 pm Post subject: |
|
|
Boohoo |
|
Back to top |
|
|
dubaholic1 Star Player
Joined: 23 Dec 2004 Posts: 3016 Location: Quality over Quantity
|
Posted: Sun Jun 04, 2017 1:25 pm Post subject: |
|
|
Simple fix here to reclaim the millennials: let the customers cook their own food, let them pay in bitcoin or Venmo, advertise the restaurant as a "safe space" , re-brand as 'socially responsible', advertise using nothing but memes about bacon, remove the parking lot and instead turn into a garden and plant non gmo food for them to wander around with a basket while sipping sulfate free wine, and have a well lit Lyft drop off / pick up zone in front. Change the toilet paper to fine silk for their precious delicate bottoms and there you have it, you've now re-claimed the precious little entitled brats you so covet. |
|
Back to top |
|
|
jonnybravo Retired Number
Joined: 21 Sep 2007 Posts: 30621
|
Posted: Sun Jun 04, 2017 1:42 pm Post subject: |
|
|
DaMuleRules wrote: | I've seen a lot of millennial bashing in the past, but this take the cakes. It's not just millennial who are changing their dining habits. It's just about everyone.
Times change and the way consumers go about their business does as well. There are far more options for dining than there was in previous years. The stratification of said options is now composed of many more layers than it was 10/20 years ago. as those layers increased, the pool of consumers for any one layer is going to decrease. |
This. A good 40% of the business we receive atmy family restaurant comes from online orders since we started partnering with the various delivery companies in the past year. Some of it is cannibalizing our dine in customers but as an aggregate, it's been a game changer for us in a positive manner. _________________ KOBE |
|
Back to top |
|
|
Fan0Bynum17 Franchise Player
Joined: 30 Nov 2005 Posts: 15436
|
Posted: Sun Jun 04, 2017 1:49 pm Post subject: |
|
|
dubaholic1 wrote: | Simple fix here to reclaim the millennials: let the customers cook their own food, let them pay in bitcoin or Venmo, advertise the restaurant as a "safe space" , re-brand as 'socially responsible', advertise using nothing but memes about bacon, remove the parking lot and instead turn into a garden and plant non gmo food for them to wander around with a basket while sipping sulfate free wine, and have a well lit Lyft drop off / pick up zone in front. Change the toilet paper to fine silk for their precious delicate bottoms and there you have it, you've now re-claimed the precious little entitled brats you so covet. |
|
|
Back to top |
|
|
governator Franchise Player
Joined: 28 Jan 2006 Posts: 24996
|
Posted: Sun Jun 04, 2017 2:10 pm Post subject: |
|
|
Fan0Bynum17 wrote: | dubaholic1 wrote: | Simple fix here to reclaim the millennials: let the customers cook their own food, let them pay in bitcoin or Venmo, advertise the restaurant as a "safe space" , re-brand as 'socially responsible', advertise using nothing but memes about bacon, remove the parking lot and instead turn into a garden and plant non gmo food for them to wander around with a basket while sipping sulfate free wine, and have a well lit Lyft drop off / pick up zone in front. Change the toilet paper to fine silk for their precious delicate bottoms and there you have it, you've now re-claimed the precious little entitled brats you so covet. |
|
Actually... might work in $illicon Valley |
|
Back to top |
|
|
jodeke Retired Number
Joined: 17 Nov 2007 Posts: 67317 Location: In a world where admitting to not knowing something is considered a great way to learn.
|
Posted: Sun Jun 04, 2017 2:59 pm Post subject: |
|
|
Aeneas Hunter wrote: | Do the nurses at the facility help with the clean up? |
Nah, my friends, unlike some I know, have class. They'll do the right thing. _________________ Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves. |
|
Back to top |
|
|
Omar Little Moderator
Joined: 02 May 2005 Posts: 90299 Location: Formerly Known As 24
|
Posted: Sun Jun 04, 2017 3:04 pm Post subject: |
|
|
jodeke wrote: | Friends coming to watch the game today. Broke out my Philips AirFryer. Got a bunch of chicken wings and gonna do some hot wings and french fried potatoes. I do most of my own cooking. Got a taquito recipe from CL that I use frequently.
Once you get the hang of a airfryer you probably will eat a lot healthier. Also I use a power pressure cooker. Finger lickin good. With the modern cooking appliance on the market today, standing over a stove is a thing of the past.
Hardest part is prepping. |
That's not an air fryer, that's the autoclave they use to sterilize your catheter... _________________ “We must always take sides. Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented.” ― Elie Wiesel |
|
Back to top |
|
|
jodeke Retired Number
Joined: 17 Nov 2007 Posts: 67317 Location: In a world where admitting to not knowing something is considered a great way to learn.
|
Posted: Sun Jun 04, 2017 3:25 pm Post subject: |
|
|
Omar Little wrote: | jodeke wrote: | Friends coming to watch the game today. Broke out my Philips AirFryer. Got a bunch of chicken wings and gonna do some hot wings and french fried potatoes. I do most of my own cooking. Got a taquito recipe from CL that I use frequently.
Once you get the hang of a airfryer you probably will eat a lot healthier. Also I use a power pressure cooker. Finger lickin good. With the modern cooking appliance on the market today, standing over a stove is a thing of the past.
Hardest part is prepping. |
That's not an air fryer, that's the autoclave they use to sterilize your catheter... |
You mean I'm gonna have to take you off my in house support person and use a autoclave? You're doing such a good job. _________________ Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves. |
|
Back to top |
|
|
LakerLanny Retired Number
Joined: 24 Oct 2001 Posts: 47565
|
Posted: Sun Jun 04, 2017 6:57 pm Post subject: |
|
|
Chili's still rocking! _________________ Love, Laker Lanny |
|
Back to top |
|
|
AY2043 Franchise Player
Joined: 26 Feb 2012 Posts: 10620
|
Posted: Sun Jun 04, 2017 7:16 pm Post subject: |
|
|
LakerLanny wrote: | Chili's still rocking! |
I'm a millennial and I love Chili's |
|
Back to top |
|
|
splashmtn Star Player
Joined: 30 Aug 2016 Posts: 3961
|
Posted: Sun Jun 04, 2017 8:05 pm Post subject: |
|
|
Mike@LG wrote: | Maybe make better products? | sure that might help. but millenials are broker than the rest of us were at our younger ages. a lot of us were already out of our parents homes and living on our own while a lot of them are still at home with their parents(just to expensive to be out their on your own for a lot of people nowadays.) So this will also lead to eating many more home cooked meals in your youth since mama is doing the cooking still. Yes they are cooking with blue apron and the likes. but lets not get carried away. They aint cooking like that. thats mama doing the cooking. |
|
Back to top |
|
|
Conker Franchise Player
Joined: 09 Jun 2010 Posts: 13056 Location: MDC
|
Posted: Sun Jun 04, 2017 9:01 pm Post subject: |
|
|
People pay for food? _________________ (❍ᴥ❍ʋ) ʕʘᴥʘʔ (⌐ ͡■ ͜ʖ ͡■) (┛◉Д◉)┛( ͡° ͜ʖ ͡°) ༼;´༎ຶ ༎ຶ༽ |
|
Back to top |
|
|
tox Franchise Player
Joined: 16 Nov 2015 Posts: 17835
|
Posted: Sun Jun 04, 2017 9:06 pm Post subject: |
|
|
dubaholic1 wrote: | Simple fix here to reclaim the millennials: let the customers cook their own food, let them pay in bitcoin or Venmo, advertise the restaurant as a "safe space" , re-brand as 'socially responsible', advertise using nothing but memes about bacon, remove the parking lot and instead turn into a garden and plant non gmo food for them to wander around with a basket while sipping sulfate free wine, and have a well lit Lyft drop off / pick up zone in front. Change the toilet paper to fine silk for their precious delicate bottoms and there you have it, you've now re-claimed the precious little entitled brats you so covet. |
NB: I'm laughing at you, not with you. |
|
Back to top |
|
|
fiendishoc Star Player
Joined: 23 Jun 2005 Posts: 8488 Location: The (real) short corner
|
Posted: Sun Jun 04, 2017 9:14 pm Post subject: |
|
|
Eventually anyone left on the planet will be a millennial and these articles blaming them for everything will become true. |
|
Back to top |
|
|
lakersken80 Retired Number
Joined: 12 Aug 2009 Posts: 38751
|
Posted: Sun Jun 04, 2017 9:23 pm Post subject: |
|
|
Millenials are also coming into a world where they are carrying huge debts from college, can't afford to buy a new car or home because the costs have skyrocketed from the "good old days". |
|
Back to top |
|
|
dubaholic1 Star Player
Joined: 23 Dec 2004 Posts: 3016 Location: Quality over Quantity
|
Posted: Sun Jun 04, 2017 9:30 pm Post subject: |
|
|
tox wrote: | dubaholic1 wrote: | Simple fix here to reclaim the millennials: let the customers cook their own food, let them pay in bitcoin or Venmo, advertise the restaurant as a "safe space" , re-brand as 'socially responsible', advertise using nothing but memes about bacon, remove the parking lot and instead turn into a garden and plant non gmo food for them to wander around with a basket while sipping sulfate free wine, and have a well lit Lyft drop off / pick up zone in front. Change the toilet paper to fine silk for their precious delicate bottoms and there you have it, you've now re-claimed the precious little entitled brats you so covet. |
NB: I'm laughing at you, not with you. |
ahh looks like I hit a nerve with someone. Make a sad bear meme, you will feel better about it. Then persicope yourself while you update your snap about this grave injustice. |
|
Back to top |
|
|
Cutheon Franchise Player
Joined: 10 Jul 2009 Posts: 12111 Location: Bay Area
|
Posted: Sun Jun 04, 2017 9:33 pm Post subject: |
|
|
dubaholic1 wrote: | tox wrote: | dubaholic1 wrote: | Simple fix here to reclaim the millennials: let the customers cook their own food, let them pay in bitcoin or Venmo, advertise the restaurant as a "safe space" , re-brand as 'socially responsible', advertise using nothing but memes about bacon, remove the parking lot and instead turn into a garden and plant non gmo food for them to wander around with a basket while sipping sulfate free wine, and have a well lit Lyft drop off / pick up zone in front. Change the toilet paper to fine silk for their precious delicate bottoms and there you have it, you've now re-claimed the precious little entitled brats you so covet. |
NB: I'm laughing at you, not with you. |
ahh looks like I hit a nerve with someone. Make a sad bear meme, you will feel better about it. Then persicope yourself while you update your snap about this grave injustice. |
Weirdly aggressive. Clearly a cuck snowflake. |
|
Back to top |
|
|
|