Bryan Spencer, CFSP’s Post

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Helping foodservice operators maximize their efficiency & grow their margins 📈 I National Sales Manager @ Winholt I Certified Food Service Professional

📈 The foodservice industry is evolving rapidly, and staying informed is crucial for success! Neil Saunders' latest article uncovers key trends that are especially relevant for chain restaurant operators and those in the equipment and supplies sector. 🔑 Key takeaway: Embracing technological advancements and sustainability practices is essential to stay competitive in today's market. Join the conversation! What trends are you seeing in the industry? How are you adapting to these changes? Share your thoughts in the comments below! #Foodservice #ChainRestaurants #EquipmentAndSupplies #IndustryTrends #BusinessGrowth #Sustainability

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Neil Saunders Neil Saunders is an Influencer

Managing Director and Retail Analyst at GlobalData Retail

It’s no secret that Starbucks has been struggling. In the latest quarter, same-store transactions were down by 7% across North America. This is a pretty serious drop that encompasses both existing customers visiting less frequently and some stopping visits altogether. Starbucks initial response to the problem has been to focus on price – offering deals to try and entice consumers. This is fine, as it goes. But it does not address the elephant in the room: the quality of the experience. Partly because of staff workload, partly because of deliberate changes to stop people lingering for too long, partly because of a lack of investment, Starbucks has become a far less attractive place to visit. That has driven some patrons to other outlets, including independent coffee shops – many of which pay close attention to the vibe of their stores. Starbucks has a difficult balancing act. It is a volume business, but it is also a brand. And that brand and the experience it offers matters. An interesting article by CNN (link in comments) looks at Starbucks’ evolution from trying to be a third place to a coffee production line. #retail #retailnews #foodservice #coffee #restaurants

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Bradley Williamson

Regional Sales Manager @ Atosa USA | Mid-Atlantic

8mo

In my experience, Starbucks locations with recently upgraded lounge areas offer a much better experience than those that haven’t been upgraded in a while. In the age of remote work, finding a comfortable space to get work done while on the road is a critical factor in where people spend their time and money. Comfortable seating and ample outlets for charging are among the first things I notice when I walk into a Starbucks or other QSR. When I find a location with the right atmosphere, a single coffee may also turn into a lunch.

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