Shake Shack jumps into loyalty game with $1 sodas amid economic uncertainty
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For the first time, Shake Shack, the fast-casual burger chain, is getting into the loyalty game to ramp up business with economic uncertainty looming. Starting Wednesday, the burger chain, founded by renowned New York City restaurateur Danny Meyer, said customers will be able to get any size soft drink for $1 if they order through the Shake Shack App or its website, shakeshack.com. In June, customers ordering a burger or BBQ sandwich at least twice within a certain period — online or through the company's app — will be eligible for discounts, according to Bloomberg.MCDONALD’S, ITS RIVALS OFFER $5 MEAL DEALS TO LURE BACK BUDGET-CONSCIOUS CONSUMERS. WILL THE PLAN WORK?Shake Shack is offering the deals as it reportedly gears up to launch a more expansive loyalty platform later this year, mimicking competitors. Loyalty programs are a popular marketing strategy used to encourage repeat business. Most of the significant players in the fast-food industry have not only launched programs but altered them in recent years to stay competitive, especially as consumers pulled back during due to inflation. With the U.S. economy still under pressure — contracting in the first quarter for the first time in three years — consumer confidence has taken a hit. Major chains, including McDonald’s, Domino’s Pizza, Chipotle Mexican Grill and Starbucks, have warned of a slowdown in consumer spending on dining out, citing inflation and economic uncertainty.NEARLY 80% OF AMERICANS NOW CONSIDER FAST FOOD A ‘LUXURY’ DUE TO HIGH PRICESShake Shack made its announcement months after the company revealed plans to expand the popular burger chain. The company raised its target for company-operated restaurants in America to "at least" 1,500 in the long term, Shake Shack said in January. That's a nearly 356% increase from the number of burger restaurants it operates in the U.S. CLICK HERE TO READ MORE ON FOX BUSINESS It is seeking to open about 45 company-operated locations and 35-40 licensed locations during 2025, according to Shake Shack. FOX Business' Aislinn Murphy contributed to this report. Weiter zum vollständigen Artikel bei FOX Business
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Quelle: FOX Business
Nachrichten zu Shake Shack
Analysen zu Shake Shack
Datum | Rating | Analyst | |
---|---|---|---|
16.02.2018 | Shake Shack Equal Weight | Barclays Capital | |
16.01.2018 | Shake Shack Equal Weight | Barclays Capital | |
02.11.2017 | Shake Shack Market Perform | Cowen and Company, LLC | |
26.09.2017 | Shake Shack Neutral | Wedbush Morgan Securities Inc. | |
04.08.2017 | Shake Shack Equal Weight | Barclays Capital |
Datum | Rating | Analyst | |
---|---|---|---|
04.08.2017 | Shake Shack Outperform | Wedbush Morgan Securities Inc. | |
18.05.2017 | Shake Shack Outperform | Wedbush Morgan Securities Inc. | |
02.03.2017 | Shake Shack Hold | Stifel, Nicolaus & Co., Inc. | |
21.04.2015 | Shake Shack Hold | Stifel, Nicolaus & Co., Inc. | |
24.02.2015 | Shake Shack Buy | Stifel, Nicolaus & Co., Inc. |
Datum | Rating | Analyst | |
---|---|---|---|
16.02.2018 | Shake Shack Equal Weight | Barclays Capital | |
16.01.2018 | Shake Shack Equal Weight | Barclays Capital | |
02.11.2017 | Shake Shack Market Perform | Cowen and Company, LLC | |
26.09.2017 | Shake Shack Neutral | Wedbush Morgan Securities Inc. | |
04.08.2017 | Shake Shack Equal Weight | Barclays Capital |
Datum | Rating | Analyst | |
---|---|---|---|
07.07.2016 | Shake Shack Underperform | Wedbush Morgan Securities Inc. |
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