Panera Bread Co. (NASDAQ: PNRA) operates the signature restaurant chain Panera Bread‚ selling hand-crafted breads‚ sandwiches‚ salads‚ and drinks. Panera Bread bakery-cafes are often associated with the concept of “fast casual”‚ a mixture between fast food and more upscale casual dining. Customers still pay for their food at the counter‚ like a traditional fast food restaurant‚ but Panera arranges tables and chairs to be conducive to group meetings. Most Panera Bread restaurants are located in suburban
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of bread in every arm” is just underlying Panera’s commitment for growing. They are now in a good financial situation and facing growth rates of up to 20% per year in a niche market that has a great growth potential. In the next 7 years the fast-casual market is expected to grow by 500% in sales to a total of $30 billion. Therefore I think that there are 3 alternatives which can be considered for the future. The first idea that came to my mind is to sell Panera or going join venture with one
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Table of Contents 1. Executive Summary Pappadeaux is a successful upscale casual restaurant concept with a loyal following. But no restaurant is immune to the highly competitive climate of the industry. Recent studies have shown the upscale casual segment losing market share to both fast and traditional casual restaurants. They also show that consumers find value in upscale casual dining by weighing the food quality and the overall experience against the relatively higher price (Technomic
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Case Study Panera Bread Synopsis Panera Bread is a casual made-to-order fast food restaurant that offers specialty breads‚ sandwiches‚ tossed salads and soups. Established in 1981‚ with 1‚562 company owned and franchised locations‚ Panera Bread has moved into the forefront of the restaurant business‚ and has strategically penetrated the market while acquiring a robust amount of loyal customers. Most of the restaurants offer the choice of indoor and outdoor dining. A fireplace inside the restaurant
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have one common goal‚ to make money and live the American Dream‚ but what set these restaurants apart are their standards and the atmosphere they provide for the consumer. Restaurants could be divided into three categories. They are “fast food‚ “casual”‚ and “fine dining”. Starting off with the fast food restaurants‚ these chains are corporate owned‚ fueled by the consumer and are known well known for inexpensive food. Fast food chains usually provide value meals and quick service to attract
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anchored by an authentic‚ fresh-dough artisan bakery and up scales quick-service menu selection. Panera Bread was widely recognized as the nationwide leader in specialty bread segment and rated highest in customer loyalty among other well-known quick-casual restaurant. In order to achieve its great success against countless competitors‚ the company had to implement many
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St Louis. The Panera business plan had worked well and management concluded it had broad market appeal and could be rolled out nationwide. The management team quickly realized the potential of Panera Bread to flourish into one of the leading fast-casual restaurant chains in the nation. With this realization came the need for a more focused management team and greater financial resources. It was not in their best interest to continue with both Au Bon Pain and Panera Bread. In 1998‚ they went exclusively
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Prior to taking the Panera concept nationwide‚ the owners performed cross-country market research and concluded that consumers could get excited about a quick‚ high quality dining experience. The concept is a mix between fast food and casual dining‚ or fast casual. By choosing this strategy‚ Panera is attempting to achieve competitive advantage in the unique offerings it provides‚ offerings that rivals don’t have and can’t afford to match. In this case‚ delicious handcrafted bread arriving fresh
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Panera Bread PART A: INTRODUCTION: Company/Industry: Louis Kane and Ron Shaich founded a bakery-café called Au Bon Pain Company Inc. in 1981. The company grew and prospered through the 1980’s and 90’s. In 1993 the company purchased Saint Louis Bread Company which had 20 locations. Between 1993 and 1997 the company expanded with an additional 100+ Saint Louis Bread bakery-cafes opening throughout the States. In 1997 the company also changed the name of all Saint Louis Bread locations outside
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not fit this image. Our café plans to make our products fresh with healthy options‚ therefore fast food is not the best choice. Fast casual restaurants do not offer full tableside service but some places may have some aspects of tableside service available. This is a new and upcoming concept that is a combination between fast food and casual dining. Fast casual dining also focuses on healthier food options as well as fresh ingredients. These restaurants cater to people who would like to receive
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