Very interesting. I hadn't paid much attention to either of these. I dont eat out much and understood cracker barrel perspective they need to grow the audience in order to grow sales, but now they may reduce that. The chili's counter point is very valid and somehow as you said went unnoticed. Consumption is subjective we should never forget that in economics.
Cracker Barrel had a delicate problem -- their customers are dying off -- and in trying to attract a new generation they made their existing base angry. Their marketing department screwed up big time. It's a big problem for companies -- Oldsmobile had this problem, and it killed the brand. Cadillac has this problem, but is reviving sales with it's EV -- how this will navigate Trump ending subsidies is hard to say. A brand that is oriented toward young buyers can navigate a change of generations, but Forever 21 went bankrupt; Rue21 is no more -- riding that Protean teen market is hard. So congratulations Chili's!
Very interesting. I hadn't paid much attention to either of these. I dont eat out much and understood cracker barrel perspective they need to grow the audience in order to grow sales, but now they may reduce that. The chili's counter point is very valid and somehow as you said went unnoticed. Consumption is subjective we should never forget that in economics.
Cracker Barrel had a delicate problem -- their customers are dying off -- and in trying to attract a new generation they made their existing base angry. Their marketing department screwed up big time. It's a big problem for companies -- Oldsmobile had this problem, and it killed the brand. Cadillac has this problem, but is reviving sales with it's EV -- how this will navigate Trump ending subsidies is hard to say. A brand that is oriented toward young buyers can navigate a change of generations, but Forever 21 went bankrupt; Rue21 is no more -- riding that Protean teen market is hard. So congratulations Chili's!