Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Michael Kudrna (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Good News from Walmart, Bad News from Jack in the Box

% of readers think this story is Fact. Add your two cents.


Good News from Walmart, Bad News from Jack in the BoxGrocery stores feel a bit more at ease today as Walmart announced, in it’s recent ER, that food deflation seems to have bottomed. Food prices have continued to drop, that it’s created a very competitive environment, it’s hard to profit.  Everyone is slashing prices and margins, so those that are the biggest (like Walmart) can suffocate the smaller businesses.  The big get bigger and the small die off.  If food inflation can start to strengthen, then you’ll see a reset in grocery store pricing, which will help alleviate the large value gap that is harming many restaurants.  As food prices at grocery stores go lower, non up-scale restaurants prices must go lower to entice consumers not to eat at home.  This effects the more price sensitive consumers, so up-scale restaurants tend continue to win in this environment.  At the other end of the spectrum, low cost places like Domino’s Pizza (the Walmart of the restaurant industry) tend to win.  Everything in the middle suffers.  In the same day, Jack in the Box announced they are being forced to join the price slashing.  So while food prices may have bottomed, it doesn’t mean they are bouncing higher anytime soon.  This is dangerous for most restaurants as sustained discounts lower your brand image.  You reduce your brand value when you discount heavily, which is why we only recommend it for a few events a month to draw buzz.  This helps ensure customers don’t feel they should only visit you when there is a discount as you’ve limited it to only a few days out of an entire year.  As we continue to preach, if you want to compete in this industry, you must know how to build value inside your restaurant and outside of it.  That is why having the right online branding strategy for your business (restaurant or not) is essential. You can not allow places like Yelp to control your brand image, you must learn how to build it yourself and continue a steady stream of customers regardless what economy we face.  Click here for a free restaurant consultation.

The post Good News from Walmart, Bad News from Jack in the Box appeared first on Restaurant Branding Systems.


Source: http://restaurantbrandingsystems.com/2017/05/18/good-news-from-walmart-bad-news-from-jack-in-the-box/



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.