Which legacy restaurant and grocery store chains risk becoming the next Tower Records?

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The grocerant niche is evolving fasterthan legacy chains are willing to admit. The grocerant niche is developing newavenues of distribution, top line fresh prepared food sales/growth and bottomline profits for companies that never or haven’t in years sold fresh preparedfood the ilk of Walgreens, Rite Aid, Sears, Amazon and 7 Eleven.
When Dominos pizza started opening“delivery only” locations around the country, Pizza Hut was the sector industryleader with Red Roof Pizza Hut locations nationwide.  Pizza Hut senior executives at the timescoffed at the brash upstart and never took it seriously.  After years of denial and market sharecapitulation by once proud industry sector leader, Pizza Hut was sold to YumBrands. 
Today the pizza industry is now 50%grocery and 50% restaurant sales.  O ’howtimes have changed.  Restaurant andgrocery chains are learning denial is not a step to success.  Burger Chef, grocery store chain A & P,are both all but gone.  At one time eachwas # 1 in units and sales within their nicheTechnology and consumer meal preferencebehavior are driving change. We all know how fast Tower Records collapsed toonline music downloading.  Thefoodservice industry is moving fast, with the grocerant niche garnering thelion’s share of new business.
The WSJ reports that “Cable companieshave been losing TV subscribers at an ever faster rate in the last few months,and satellite TV isn't picking up the slack. That could be a sign that InternetTV services such as Netflix and Hulu are finally starting to entice people tocancel cable, though company executives are pointing to the weak economy andhousing market for now.” This action has been called “cord-cutting”.
Where is your food brand going, whereare your customer going?  Don’t let yourretail food customer cut the cord too your brand.  Its time to understand why the Conveniencestore industry, Drug Store industry, Dollar Store industry and legacy grocerystores have all starting selling fresh prepared ready-to-eat and ready-to-heatfood.  This convergence of food consumersand new avenues of distribution will forever change food industryretailing.  Is your company ready for thegrocerant niche it or will your company go the way of Tower Records.
FoodserviceSolutions® specializes in outsourced business development. We can help you identify,quantify and qualify additional food retail segment opportunities or a brandleveraging integration strategy.  Foodservice Solutions of Tacoma WA is the global leader in the Grocerant niche visitFacebook.com/Steven Johnson, Linkedin.com/in/grocerant ortwitter.com/grocerant