Chapter 8 Case Assignment: Red Lobster Market Research Reveals What’s Fresh Today Remember the Red Lobster commercials featuring lots of fried shrimp bouncing around and lobster claws dripping with butter? They’ve been replaced by scenes of steaming fresh fish‚ rice and vegetables. The old slogan‚ “For the Seafood Lover in You” has also been canned. Now Red Lobster wants you to “Come See What’s Fresh Today.” The restaurants themselves will soon look different‚ too‚ with a more streamlined‚ contemporary
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Red Lobster is a casual-themed restaurant‚ that primarily sells various types of seafood. The company was founded by Bill Darden in Lakeland‚ Florida in 1968. Currently‚ there are over 680 restaurants located in the U.S.A and Canada. The branch we visited was located in Mississauga‚ which is only 1 of 4 Red Lobsters in Ontario. We believe that due to the rarity of the franchise in this area‚ it helps the company give better customer service. They understand that there is a lot of competition
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Hoops‚ Lindsay‚ Rosati Maj. Tyabji‚ Mgt. 375 Red Lobster Case Study 1 May 2013 Red Lobster was started in 1968 with one location in Orlando‚ FL. Now it has grown to one of the largest restaurant chains in the nation with 690 locations in all major cities. When Red Lobster was a young chain in the 1980s‚ it had a reputation for high quality seafood away from the water. In recent years‚ the company has struggled with its image. In a 2004 survey‚ participants questioned the “quality of the
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Dining out with my family is one of my favorite things to do. The two restaurants I prefer to visit are Red Lobster and Chili’s. When preparing to eat out cost‚ menu choice‚ and time efficiency are three important factors that I consider. Although both restaurants’ prices are reasonable‚ Red Lobster gives you more for your buck. Not only will you get a fulfilling entrée‚ but you also get a crisp garden or Caesar salad and unlimited supply of freshly baked cheddar bay biscuits at no extra cost
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Red Lobster – Altering Perception through Improved Positioning Given the changes in Red Lobster’s strategy over the past few years and the surprising ability to attract new‚ “experiential” customers‚ it our recommendation that they modify their strategy to focus on pursuing this type of clientele. We will go into further detail momentarily; however‚ the reason for focusing on the experiential customer group is that Red Lobster has the opportunity to increase revenue and net operating income at
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1. Why do you think Red Lobster relies so much on Internet surveys to track customer opinions‚ preferences‚ and criticisms? What are the advantages of online questionnaires versus traditional surveys conducted over the phone or through the mail? 71% of the population is now online spanning every ethnic‚ socioeconomic and educational divide. Internet surveys serve as the quickest and easiest way to gather information from potential customers and much cheaper. Advantages are that internet surveys
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subdividing a market along mutual characteristics. This marketing strategy is employed across Darden’s portfolio of restaurants but is seen more clearly with the case of Darden’s top three restaurant chains; LongHorn Steakhouse‚ Olive Garden‚ and Red Lobster. The first and most common type of segmentation is done by focusing marketing energy on a specific demographic. Age and Generational Marketing clearly stands out with Darden’s top three chains as they seem to have successfully captured the Generation
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Executive Summary Darden Restaurants‚ Inc. has been a public company since 1995. A company born of the chain Red Lobster‚ Darden is a recent spin-off as a result of mergers and acquisitions of various types. Publicly traded on the New York Stock Exchange‚ Darden (DRI) is the parent company of Red Lobster‚ The Olive Garden‚ the now-defunct China Coast concept‚ and a new “Floribbean” concept: Bahama Breezes. Throughout its existence‚ as a part of General Mills‚ Pillsbury‚ or on its own as
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The Darden Restaurant is a multi-brand restaurant operator. They have over 1‚800 restaurants that include Olive Garden‚ Red Lobster‚ and LongHorn Steakhouse. The chains make more than $7 billion a year in revenues making Darden Restaurants the largest full service operation in the US. This is due in part to the success from targeting different customers through distinct restaurant formats. Darden has created a successful marketing mix based on the 4Ps. In terms of price‚ there is much variety
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of segmentation variables in your response. By dividing the market into smaller sections that can be unique and specialized as the Italian family dining experience or the ranch house Longhorn steak experience or the Fresh seafood dining that is Red Lobster‚ all for an emotional and economical experience. Each market has been targeted and carefully improved to create an overall experience dependent on the diner’s choice of experience. Geographically‚ Darden is not a one shop industry each restaurant
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