Operators have increasingly turned to limited time offers in recent years to entice customers and spur sales. In fact, Technomic research indicates that LTO launches among the biggest 500 chain restaurant and retail operations grew 64% from 2014 to 2019.1
Topics: Merchandising, Promotions, Independents, Family Restaurant, Takeout, Quick Service Restaurant, Casual Dining Restaurant, Delivery, National, Custards/Cheesecakes, Cookies/Bars/Snacks, Ice Cream Desserts, Main Dishes, Dessert, Chocolate, CHIPS AHOY!, OREO, Cookies, Dessert Ingredients, Grab-and-Go, Convenience, Foodservice Industry, Menu, Creative Inspiration, Customer Experience, Consumer, Flavors & Ingredients, Menu Strategy, Food & Beverage, Packaging, Sales & Profitability, Drive-Thru, COVID-19, Coronavirus, Curbside Pickup, Fast-Casual Restaurant, Branded Ingredients, Flavor Profiles, Consumer Behavior, Indulgence, Limited Time Offers (LTOs), Dips/Spreads/Sauces, Sandwiches/Burgers, Prepackaged, Nostalgia
Foodservice operators are busy sorting through a mixed bag of opportunities and challenges as states reopen and dining rooms resume service. But while there’s been a feeding frenzy of attention focused on the commercial sector, noncommercial dining is also undergoing a transformation.
In a foodservice marketplace where the appetite for value, quality and convenience seems to keep growing, meal kits offer time-strapped and homebound consumers welcome options for easy-to-prepare home-cooked meals.
Convenience stores seem made to order for the age of grab-and-go. Having nearly doubled in size over the last three decades, with 154,535 stores in the U.S. at the end of 2016, the industry is a juggernaut of sales revenue and opportunity.1
As consumer demand for speed and convenience continues to drive such snack trends as grab-and-go and takeout and delivery, the destination seems to become increasingly clear: more snacks, less fuss. Consumers are snacking more and more, but want to do less and less. Nearly half of Americans snack two to three times a day,1 and 94% snack at least once daily.2 The millennial need for speed compels foodservice operators to pick up the pace when it comes to satisfying snack yearnings that cross dayparts.