Here's how pizza chain Domino's is tackling high inflation - San Francisco Business Times

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 68%

United States Headlines News

United States Latest News,United States Headlines

Small-business owners are still worried about inflation, but so are their larger counterparts. Here's how Domino's Pizza is combating rising costs.

Executives said one key for the chain is to offer a barbell pricing strategy that allows price-conscious consumers to buy cheaper menu offerings or upgrade to higher-cost items.Nathan Scholz

He stressed that retaining cheaper pizza options while also giving customers the chance to upgrade has increased sales at its existing restaurants. Domino's has had to increase prices — and will likely keep doing so — but Scholz said offering customers choices allows the chain to still compare favorably with customers' other food options.

Worries over inflation continued among small-business owners even as inflationary pressure has slightly eased. The Consumer Price Index showed a gain of 8.3% in August compared to the same time in 2021. That's an improvement from a record high of 9.1% set in June 2022.68% of small-business owners cited inflation as a top concern, followed closely by a lack of new customers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 78. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's how pizza chain Domino's is tackling high inflation - Jacksonville Business JournalInflation is hitting businesses of all shapes and sizes. Here's how executives with Domino's Pizza said the chain is tackling rising costs.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Matthew Spivey named new CEO of the San Francisco Symphony - San Francisco Business TimesThe Symphony plans to undertake an audience development initiative as well as a long-range financial plan.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Senate passes legislation to extend SBIR, STTR small business grant programs - San Francisco Business TimesThe Small Business Innovation Research and Small Business Technology Transfer Programs are set to expire on Sept. 30, but the Senate just voted to extend them. Here's what business owners need to know.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

LGBTQ+ sketch comedy show 'Mighty Real' returns to S.F.Where Gwen Stefani's 'Hollaback Girl' becomes 'Stole It From a Black Girl' — ItsQwere's queer variety show. Comedy and camaraderie.
Source: sfexaminer - 🏆 236. / 63 Read more »

Signs of quiet quitting and how to respond - San Francisco Business TimesExperts say there are several red flags that illustrate when a worker could be at risk of quiet quitting. Here's how companies can respond.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Survey robot startup among 5 from Bay Area funded at week's end - San Francisco Business TimesFive early-stage funding deals and developments on two SPAC mergers were the big BayArea funding news at the end of the week. TheFunded startups venture SiliconValley SanFrancisco
Source: SFBusinessTimes - 🏆 78. / 68 Read more »