Domino's’ Post

Read our April newsletter Speed Read 👉 https://lnkd.in/eR8QEXmH  Are you ready to have your daily dose of the latest retail news? Be the first to know and share the news with colleagues during coffee breaks. In the release, find out: ▶ Why does Dr Martens believe launching a repair service is essential for their brand and customers, according to their spokesperson? ▶ What technological advancements has Chick-fil-A implemented to enhance customer experience? ▶ What makes DoorDash's drone delivery initiative unique, and how does it aim to revolutionize the delivery industry? ▶ In what ways does Starbucks collaborate with local partners to ensure its stores benefit the communities they serve? #ITABteam #SpeedRead

☕ Daily Block - Expand to learn about #Starbucks closing it's web3 loyalty program ⬇ - Starbucks sent an email on March 15th, announcing that its 'Odyssey Beta’ loyalty experience would close on March 31st - The experience originally launched in December 2022 & has been considered a trailblazer to many, showcasing the potential blockchain-backed technology could bring to loyalty programs - While Starbucks never removed ‘Beta’ from the program’s nameplate & continually had a waitlist to join, it is unclear if the ending of the program is tied to performance, changing business initiatives, or if it was a true testing ground - Starbucks has communicated the latter, indicating there is more to come within its closure announcement by teasing ‘The Journey Continues’ & also within their FAQ - mentioning excitement for the community to see what is next from the brand, as well as indicating the learnings will be used in broader initiatives in the future See their announcement here: https://lnkd.in/ghWGCJbw

Reflections on My Journey at Wow! Momo As I look back on my time at Wow! Momo, I realize how pivotal it has been in shaping my approach to the F&B industry. The journey was marked by dynamic growth, operational challenges, and a relentless pursuit of innovation. Here are a few key takeaways that have stuck with me: 1. Scalability is Key: Managing a fast-growing QSR brand taught me the importance of building processes that can scale. From a single outlet to a national footprint, it became clear that having the right systems in place early on is critical to managing rapid expansion. 2. Customer-Centric Approach: At Wow! Momo, the customer experience was at the heart of everything we did. I learned how to anticipate and respond to changing consumer preferences, ensuring the brand stayed relevant and ahead of the curve. 3. Innovation as a Growth Driver: Whether it was introducing new flavors or creating unique marketing campaigns, innovation was a constant. I realized that in a competitive market, innovation isn’t just about product development, but also about improving operations, service, and customer engagement. 4. Teamwork and Leadership: Leading teams across different locations was an enriching experience. It helped me hone my leadership skills, learning how to empower teams, drive performance, and maintain a consistent brand ethos across all outlets. 5. Data-Driven Decisions: Another key learning was the importance of data in decision-making. We relied heavily on customer feedback, sales patterns, and operational analytics to refine our strategies and ensure sustainable growth. A special thank you to all my mentors and seniors at Wow! Momo Sagar Daryani Murali Krishnan Niloy Chakraborty Rajiv Verma Shah Miftaur Rahman Binod Homagai Barnik Bardhan who played a significant role in my growth. Your guidance, support, and belief in my potential have been instrumental in shaping the professional I am today. I will always carry your wisdom and leadership lessons forward as I continue my journey in the food industry. My time at Wow! Momo wasn’t just about professional growth; it was about understanding the core values that drive a successful QSR business. The lessons learned will continue to influence my approach as I navigate future opportunities. #F&BLeadership #QSRGrowth #CustomerExperience #Innovation #LeadershipLessons #WowMomo #Gratitude

The recent partnership between Starbucks and Brian Niccol is generating a lot of buzz. Niccol, known for his transformative work at Taco Bell, is expected to bring innovative strategies to Starbucks. At Taco Bell, he redefined the brand’s identity, introduced effective marketing campaigns, and focused on digital transformation, all of which elevated the brand. Starbucks stands to gain from Niccol in several ways: 1. Enhanced Customer Engagement: Niccol's experience with consumer behavior can deepen customer connections. 2. Menu Innovation: Expect new and creative beverages and food options. 3. Digital Advancements: Anticipate more app enhancements and automated services. 4. Global Expansion: Niccol’s expertise could drive a calculated growth strategy in untapped markets. Despite these promising aspects, challenges remain. Maintaining Starbucks' core identity, balancing tech advancements with the brand's human touch, facing global competition, and adapting to regional tastes will all be critical. For investors, Niccol’s leadership may bring short-term volatility, but the potential for long-term growth, enhanced profitability, and shareholder value holds promise. This partnership aligns Starbucks' strong brand with Niccol’s innovative and adaptive leadership, creating significant synergy. **Next steps:** Want to save on taxes and maximize your investments? **[Set up a call with us here](https://lnkd.in/gAa4dwUG. Reach out to Together CFO today!

Understanding the success story of McDonalds Founded in April 1955, by Brothers Richard and Maurice McDonald is one of the largest fast-food chains globally, serving over 64 million customers daily across 38,000 locations in 100+ countries. Financial Performance:  1.⁠ ⁠Revenue growth: 5-7% annually.  2.⁠ ⁠Net income: $18-20 billion annually.  3.⁠ ⁠Market share: 22% of global fast-food market. Key Success Factors:  1.⁠ ⁠Innovative Business Model: Franchising allowed rapid expansion.  2.⁠ ⁠Standardized Quality: Consistent taste and quality across locations.  3.⁠ ⁠Iconic Branding: Recognizable logo, branding, and marketing.  4.⁠ ⁠Convenient Locations: Widespread presence, drive-thru, and mobile ordering.  5.⁠ ⁠Adaptability: Menu innovations, health-conscious options, and technological advancements.  6.⁠ ⁠Strong Supply Chain: Efficient logistics and procurement.  7.⁠ ⁠Effective Marketing: Memorable campaigns (e.g., "I'm Lovin' It") and sponsorships.  8.⁠ ⁠Strategic Partnerships: Collaborations with companies like Disney and UberEats.  9.⁠ ⁠Employee Training: Investing in staff development for excellent customer service. 10.⁠ ⁠Continuous Improvement: Listening to customer feedback and innovating. Do you agree? #learning #linkedin

Chipotle’s CEO is swapping burritos for lattes, and the internet is abuzz. Why is Brian Niccol’s move to Starbucks such a big deal? Niccol was instrumental in transforming Chipotle into a fast-casual powerhouse. Over the past year, Niccol boosted Chipotle’s stock by more than 50%. One of Niccol’s most successful contributions to the burrito giant was launching Chipotle’s rewards program and rethinking digital sales. Through its rewards program, Chipotle learned what motivated customers to place or pick up an order and how to encourage them to stop by more often. It’s a question every business owner should ask:  How do you drive more customer loyalty? Your most loyal customers:  👉 Spend more and are less price-sensitive 👉 Refer friends and family, generating more organic growth and reducing marketing expenses  👉 Become brand advocates for life What are you doing to attract more loyal customers? If you aren’t sending your customers birthday cards, you should be! #CustomerLoyalty #BirthdayMarketing #FinancialAdvisors #Chipotle #Starbucks

✅ New YouTube video - Walmart's strategic acquisition of Vizio - an American company specializing in the development and manufacture of consumer electronics ✅ Today, we'll dive into the strategic ecosystem maneuvering of global retail giant Walmart and highlight Walmart's transformative journey within the complex world of business ecosystems. Walmart has continually demonstrated remarkable growth, particularly in e-commerce and retail media. Walmart's strategic acquisition of Vizio underscores the value of ecosystem integration. By seamlessly interweaving e-commerce, retail media and Vizio's cutting-edge technology, Walmart is able to unleash unprecedented synergies and drive customer loyalty and revenue generation to unprecedented heights. Diverging from traditional advertising paradigms, Walmart's approach pivots on leveraging ecosystem dynamics to deliver hyper-personalized experiences. By synergizing e-commerce data with a vast TV audience, Walmart pioneers a new frontier in retail media, reshaping the landscape of consumer engagement and brand interaction. 🔗 You can find the most important insights from this strategic step in our latest video: https://lnkd.in/ed3Rsm2R 👍 If you found this exploration of business ecosystems insightful, give it a thumbs up! Subscribe to the Ecosystemizer YouTube channel for more thought-provoking insights into the evolving landscape of business ecosystems. Thank you for embarking on this journey with us! #Walmart #Vizio #BusinessEcosystems #DigitalTransformation #Innovation #EcosystemThinking #CustomerCentricity #Ecosystemizer

TLDR: McDonald's growth from a small restaurant to a global empire exemplifies how ambition and perseverance can turn individual dreams into reality, offering valuable lessons for retailers in self-confidence, perseverance, focused vision, purposeful teams, belief beyond investment, continuous innovation, quality, customer feedback, resilience, and celebration of achievements.

Patience is one of the most critical factors in a brand’s success, particularly in a world of of shrinking CMO tenures. Look at : - The initially slow success of Hendrik’s Gin. - The layered in turnaround in Abercrombie & Fitch. - Netflix was around for 10 years before it pivoted in streaming and another 3 years before it signed up Breaking Bad. - Starbucks famously had very slow regionally based growth until it swapped to it franchise model. - Guinness could have initially turned it back with its Made of More proposition, but it rightly chose to stick with it. - Amazon took nearly 17 years to make a sustainable profit. - FedEx literally gambled itself back into the market and only made its first profit after 13 years. It can take 4-5 years for a brand / proposition launch to payback. And consistency is such driver of brand success, as summarised in the IPA UK databank. With such short tenures a part of a marketers job should always be to contribute to the long-term success of a brand. #marketing #advertisingandmarketing #digitalmarketing #branding #creativity Diageo William Grant & Sons FedEx Amazon Abercrombie & Fitch Co. Netflix Starbucks

Learning from the COVID-19 Pandemic (2020) A. Geographic Repositioning Example: Starbucks Starbucks accelerated its expansion in China and other international markets while optimizing its store footprint in the U.S. The strategic focus on international markets, particularly China, which recovered faster from the pandemic, helped stabilize and grow Starbucks' revenue. B. Corporate Restructuring Example: Disney Disney reorganized its business to prioritize its streaming services (Disney+), given the decline in revenue from theme parks and theatrical releases. Disney+ saw rapid subscriber growth, significantly contributing to Disney's overall revenue and positioning it as a key player in the streaming industry. Repositioning transactions can be highly effective during crises, provided there is timely execution, strategic foresight and operational efficiency. Now lets dive into the business model innovation, with reference to the recent Covid-19 crisis.