October 15, 2018
Kicking off the news this week, the NPD Group is reporting that
consumers are slowing down food and beverage consumption in the U.S.,
making it a battle for market share. While our economy is improving,
the aging population and corresponding changes in life stage will
contribute to the decline in total eating occasions on a per capita basis,
the study finds.
In other news,
rose slightly in September, undershooting economistsí expectations for a
strong gain. Sales at retail stores and restaurants rose 0.1% from the
prior month to a seasonally adjusted $509 billion in September, the
Commerce Department said Monday. From a year earlier, sales grew 4.7%.
Septemberís sales stagnation was led by a 1.8% decline in sales at food
services and drinking places, that categoryís steepest month-over-month
drop in nearly two years.
Cheese falling victim to Millennial tastes? One by one, America's food
outlets are abandoning the century-old American staple, with many
replacing it with fancier cheeses. American (cheese) culture is at a
crossroads. The product, made famous by the greatest generation, devoured
by boomers on the go, touted as the basis for macaroni and cheese, and the
well-documented love object of Gen X, has met its match with millennials
demanding nourishment from ingredients that are both recognizable and
Subway is the latest company to offer delivery to
todayís time-starved customers.
restaurants are partnering with DoorDash, Grubhub, Postmates and Uber Eats
to deliver its craveable sandwiches, wraps and salads across the U.S.
With food delivery making up a growing share of the $800 billion
restaurant industry according to National Restaurant Association and an
expectancy to grow at least 12% over the next five years according to
Technomic, itís clear that consumers want and demand delivery options.
Papa John's has announced a new organizational structure designed to
improve customer experience and drive growth. As part of the changes,
the Company has established dedicated roles and responsibilities around
each consumer touch point and has consolidated the line of reporting for
these roles under a new Executive Vice President, Chief Operating and
Growth Officer position, which will be held by Mike Nettles.
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