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SoupedUP!

SoupedUP!. Group #1 Nader Al Essa Haitham Al Humsi Jill Richardson Kim Rubenstein Luqman Sadiq Alan Yeung. Problem Statement. Panera (St. Louis) Bread Co. Despite phenomenal growth nationwide, growth has stagnated in the St. Louis area. Objective:

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SoupedUP!

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  1. SoupedUP! Group #1 Nader Al Essa Haitham Al Humsi Jill Richardson Kim Rubenstein Luqman Sadiq Alan Yeung

  2. Problem Statement Panera (St. Louis) Bread Co. • Despite phenomenal growth nationwide, growth has stagnated in the St. Louis area. Objective: • To increase growth in the St. Louis area by opening a new soup restaurant to expand and diversify Panera’s customer base.

  3. SoupedUP! TM

  4. SoupedUP!: Mission Statement • To provide a unique, healthy, high-quality, and convenient international dining experience

  5. History: Panera Bread Co. • Founded in 1987 in St. Louis as Saint Louis Bread Co. • Expanded to 19 bakery-cafes by 1993 • Bought by Au Bon Pain Co. in 1993 • Sold Au Bon Pain in 1999 • Renamed Panera Bread Co. • Currently has 262 bakery-cafes in 28 states

  6. Stock Price (NASDAQ: PNRA)

  7. Current Marketing Mix: Product • Menu: Deli Sandwiches, Panini, Soups, Bakery Goods, Espresso • All high quality and fresh • Offers bakery goods as well as meal items • Restaurants with a European flair

  8. Price • Average lunch costs $6.41 • Average breakfast costs $3.76 • Average purchase costs $5.44 • Lower prices than sit-down dining • Avoids price competition through brand equity

  9. Promotion • Cultivates good will with community through public relations, such as donating to causes such as Walk for Diabetes and donating leftovers to the homeless • Frequent purchase programs for both deli sandwiches and espresso • Less emphasis on traditional advertising

  10. Place • Utilizes a combination of company owned stores and franchises • Located in malls, strip malls, and free-standing buildings • 262 locations in 28 states with plans to expand to 1500 locations nationwide

  11. Competitor Analysis • Competition includes bakeries and other restaurants that fall between fast food and casual dining, such as Starbucks and Einstein Bros. • Indirect competitors include fast food and sit down dining venues

  12. Demand and Customers • Customers include Trend-setters and Good food traditionalists • Both groups desire quality experience tailored to their discriminating tastes • Trend setters especially tend to embrace new, healthy menu items

  13. Environmental Analysis • With more dual-income families, consumers seek convenient dining solutions • More health information is available, making the average consumer more health conscious

  14. S.W.O.T: Strengths • Leading bakery-café nationwide • Award-winning sourdough bread • High quality food • Highly profitable • Loyal customer base

  15. S.W.O.T: Weaknesses • Soup quality varies from day to day • Small percent of profits come from dinnertime sales • Low brand awareness in new markets • Market saturation in St. Louis area

  16. S.W.O.T: Opportunities • Increasing health consciousness among consumers • Very few direct competitors • Ample room to expand into new markets

  17. S.W.O.T: Threats • Delivery services such as 569-DINE • Due to high profit margins, potential for competitors to enter the market

  18. SoupedUP!: The Plan TM

  19. General Marketing Strategy • Subsidiary of Panera Bread Co. • Open a new restaurant, SoupedUP!, in Clayton, MO • SoupedUP! offers a wide range of high quality soups as well as a selection of the most popular Panera Bread Co. menu items • Target health conscious, on-the-go customers • Differentiate from Panera Bread Co. by providing a distinct, international atmosphere

  20. SoupedUP!: Product • 15 daily soups made from fresh ingredients on site • Includes more traditional “comfort food” as well as exotic international selections • 2 sizes, offered in bowls and bread bowls • Cold soups and salads to maintain sales in summer months

  21. SoupedUP!: Product • Offer vegetarian and vegan selections • Customize by offering additional ingredients • Foster an international atmosphere, expanding on traditional European feel of Panera Bread Co. • Provide an international ‘Soup-of-the-Month’ option on our menu

  22. SoupedUP!: Product

  23. SoupedUP!: Price

  24. SoupedUP!: Price

  25. SoupedUP!: Price • Prices: Regular $2.95, Large (bread bowl) $4.95 • Add-ons include tofu, chicken, beef, and shrimp, ranging from $.75 to $1.35 for the regular size and $.95 to $1.75 for the large size • Priced relatively high to show high quality

  26. SoupedUP!: Promotion • Continue Panera Bread Co.’s emphasis on public relations • Advertise in current Bread Co. restaurants, university newspapers and Riverfront times • Frequent purchase programs such as punch-cards • Goodwill donations to local organizations that promote diversity • Extra soup donated to needy

  27. SoupedUP!: Place • Company owned restaurant • Located in Clayton, MO on Forsyth Rd. between Washington University and Clayton Business District • Eventually expand to other locations in St. Louis area and other cities with saturated Panera Bread Co. markets

  28. SoupedUP! Any Questions?

  29. Thank you! TM

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