Tag: fast food
-
Chinese Brands Outpace U.S. Giants Like McDonald’s and Apple in Market Dominance
Chinese brands are increasingly outperforming their American counterparts in China, challenging the long-held dominance of U.S. giants such as McDonald’s, Apple, and Starbucks. This shift is attributed to the rapid expansion of local brands that resonate with national pride and traditional Chinese culture, alongside aggressive growth strategies. For instance, Tasan, China’s answer to McDonald’s, and…
-
7-Eleven Aims to Revitalize Its $17 Billion Food Business with Japanese-Inspired Offerings
7-Eleven, the world’s largest convenience store chain with over 13,000 locations in North America, is undertaking a significant transformation of its $17 billion food business to incorporate more Japanese-inspired offerings. Recognizing the decline in tobacco and gas sales, the company is shifting its focus towards food as a primary source of revenue. This move includes…
-
Shake Shack Embraces Drive-Thru Expansion Amidst Fast Food Market Entry
Shake Shack is exploring the fast-food territory by incorporating drive-thrus, rest stop locations, and ordering kiosks into its business model. Traditionally known for its made-to-order, quality meals, Shake Shack faces the challenge of maintaining its premium brand essence while improving service speed to meet customer expectations in the fast-food domain. The move towards drive-thrus has…
-
Cava Seizes Title as Largest Mediterranean-Style Restaurant Chain in the U.S. Through Strategic Acquisitions and Data-Driven Expansion
Cava, the fast-casual Mediterranean-style restaurant chain, has become a nearly $4 billion business by implementing an unconventional growth strategy. This strategy involved purchasing Zoe’s Kitchen, a competitor four times its size, and converting all its locations into Cava restaurants, allowing rapid expansion at a reduced cost. With the last Zoe’s Kitchen conversion completed in October…