Tammy K. Billings, MBA’s Post

The demographic landscape is changing for restaurants which directly impacts pricing strategy, as cited by Reuters and Michael Lukianoff. This intel is exactly what SignalFlare.ai (by Extropy360) brings to light for its clients in their Decision Intelligence guide to understanding their brand's pricing power. We are here to help! #DecisionIntelligence #PricingStrategy #SignalFlareai #Snowflake

Sharing a nice little article about Friends' Marketplace from the Shelby Report (a food and grocery industry magazine)!

If there's one thing we've learned over the past few years, it's to expect the unexpected. And when it comes to your business, the only thing that can keep you prepared for disruption is experimentation. With data, insights, and analytics – and tools like Mastercard's Test & Learn – businesses can make better, more informed decisions as they respond to unforeseen challenges and changing consumer behavior.    I'm excited to share this piece I wrote for QSR Magazine about how quick service restaurants can use these tactics to navigate the era of the unprecedented, from product assortment to marketing and more. To learn more, read the full article here https://rb.gy/w5lv9a. #QSR #restaurants #disruption 

Can you imagine a surge pricing model in grocery stores with digital price tags that change depending on current demand for the products? This seems like a slippery slope to bring to the food industry; will be interesting to see what kind of reaction Wendy’s gets.

What happens when two taco chains go head-to-head? We just posted this blog post to the Wherobots blog that looks at market cannibalization of two prominent taco chains: Velvet Taco and Torchy's Tacos. We use drive-time isochrones to evaluate trade area overlap and potential market cannibalization. By the way, we're having a webinar on the same topic. Link in the comments. https://lnkd.in/gUpWPHmE

🛒🍂 🍁 7-Eleven: Fall Flavors & Strategic Shifts 🍁 7-Eleven’s new fall menu is serving up comfort with items like the Everything Bagel Breakfast Sandwich and Chicken & Waffles Roller, bringing excitement to customers nationwide! But, alongside this tasty news comes the tough decision to close 444 underperforming locations. While the closures reflect ongoing challenges like inflation and changing customer habits, this is an opportunity for in-store analytics to shine. By leveraging data on: ☑️ customer preferences ☑️ traffic peformance ☑️ product performance 7-Eleven can adapt & optimize store operations, and turn challenges into growth. #Retail #Analytics #7Eleven #FallMenu #StoreClosures #DataDriven #CustomerExperience #RetailStrategy #RetailNext #ConvenienceStore https://lnkd.in/df2E2XH3

⬇ Not had time to catch up on recent retail news? We've got you covered with a summary of this week's top stories: ☕Bacardií has relaunched its Patrón XO Cafe coffee-infused tequila liqueur in the UK after a three-year hiatus 🍎Aldi and Lidl GB have started the British 2024 apple season strongly, beating their larger rivals to stock almost half of this year’s harvest. 🖥️The CEO of Microsoft has hailed the launch of “game-changing” new AI technology that will allow food companies to assess the environmental and nutritional impact of their products by speaking to a ChatGPT-style chatbot. ✅Sainsbury's is to expand its Aldi Price match to its convenience store network for the first time. 🥣FUEL10K has expanded its range of breakfast cereals with a duo of multigrain flakes. #latestnews #newstoday #podtalent #supplychain #technology #sustainability #productivity #recruitment #business #london

The idea of raising prices for food during peak times, a la Uber, caused such a stir recently that Wendy's issued a statement saying it will not implement surge pricing. But other chains, including Dave & Busters, are already experimenting with the concept, using tech platforms to change prices based on demand. The key is to "weigh the potential gains with the risk of upsetting inflation-weary consumers." Bartaco, which has 31 locations mostly in the Eastern U.S., has seen "a little sales boost" — and no complaints. #ai #calibbq #consumers #data #digital #digitaltransformation #dynamicpricing #fastfood #generativeai #googlecloud #restaurants #surgepricing #technology #ticketmaster #uber #wendys

Grocery stores and restaurants are facing a common challenge of retaining customers while keeping the cost of goods sold in check. In today's competitive landscape, it's innovation that sets apart the winners from the rest. Are you ready to innovate and take your business to the next level? Share your strategies in the comments below and let's grow together! #grocery #restaurant #innovation #businessgrowth

Wendy's had plans to break their customer's banks, but customer backlash quickly showed them they had no interest in pricey fast food antics. Would you break your bank on Wendy's? Are you in favor or against a dynamic pricing model for fast food? #fastfood #consumerresearch #finance #inflation #customerfeedback #customerinsights #digital #ai #customersatisfaction #restauranttech https://lnkd.in/eu46SYY6