Word: stores
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Dates: during 1990-1999
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Chevron cooked up its Foodini's Fresh Meal Market earlier this year, the latest player in the $100 billion bake-off known, charmingly enough, as home-meal replacement. You know it better as the store-bought, ready-to-eat food that is supposed to taste as if Mom made it. Foodini's is part of the evolving, highly moveable feast that has become dinner, catering to a country that wants its food fast but restaurant-quality fresh. "I work, my husband works, my daughter dances and plays soccer, and my son plays baseball," says Jan Tulk, an attorney, during...
...critical battleground between supermarkets and restaurants for consumer food dollars. According to the marketing firm NPD Group in Chicago, of the $691 billion that Americans forked over for food in 1996, 46% was for dishes bought outside the home. And half of that went to takeout. The traditional grocery store is morphing into a catering hall-delivery service. Last month A&P announced that hungry Web surfers can view full menus and in-store specials, and order prepared meals online from one of the company's 700 stores. Restaurateurs are developing delivery systems that can dispatch linguini al dente with...
...offer traditional food that people would cook at home if they had the time or the inclination," says Keith Robinson, chief marketing officer at Boston Market. "It's convenient, accessible, pretty affordable and easier than going to the supermarket. Our competition is Mom." Well, not quite. The 1,159-store nationwide franchise hatched a host of imitators that have added chickens roasting on spits and homey side dishes to their menus...
...wretched numbers. The company's rapid expansion, a controversial franchising scheme and an overly ambitious menu racked up losses of $224 million on sales of $379 million last year. The stock has been plucked, falling from nearly $40 to $3. Buffeted by high promotional costs and declining per-store sales, the company announced that its three top officers, including co-founders Saad Nadhir and Scott Beck, had resigned. Boston Market quickly installed J. Michael Jenkins, a veteran restaurant executive credited with turning around the ailing Dallas-based El Chico chain...
...grocery behemoth, shoppers can drop off their kids at an on-site center and monitor them on TVs set up in the aisles; pick up traditional food or a hot entree, or take a lesson at IGA's cooking school; withdraw money at the store bank; pick up their dry cleaning; and send a fax at the business center...