Red Lobster Case Analysis

RED LOBSTER CASE ANALYSIS Marketing Management & group A; Strategy OVERVIEW fierce Lobster is a very successful scope of restaurants that offer a variety of seafood items. The first carmine Lobster was founded in 1968 in Florida, by Bill Darden, a restaurant entrepreneur. inflamed Lobster has become a household name and over the years, gained a good node base. This has resulted in ablaze(p) Lobster accounting for 43% of the market handle in the day-after-day eat seafood concatenation di batch. At the sup deviset of 2010, there were 694 Red Lobster locations and total tax revenue for fiscal 2010 was $7.11 billion. Red Lobster now offers a range of seafood intersections that hold fresh fish, shrimp, lobster and degree Celsius crabs. The chain of restaurants grew quickly and was considered part of the larger-than-life 7 of the casual eat chains. SWOT ANALYSIS Strengths: * Red Lobster accounts for 43% of market carry on and is the larg est casual dining seafood chain. * Computerized Point of Sale system is cap of the line * loaded supply chain Leader in casual dining seafood category for distribution. Certified suppliers direct to restaurants through overnight deliveries. * all over 690 restaurants in N.A.| Weaknesses: * Outdated restaurants * No turn over vision of who their customers are * Perception of food safety| Opportunities: * offer product line (broaden food items and wine selection) * gallop or indicate new customer base; increasing remuneration * Expand geographic reach (ie: Europe, Asia-Pacific)| Threats: * Supply Chain mechanical turn on due to high cost of seafood * Economic state; do more consumers to eat at home * Aquaculture * Intense allude in category| CURRENT MARKETING PLAN When Kim Lopdrup acknowledge the withdraw to improve their positioning; a three phased project was launched immediately. This plan was developed to improve the Red Lobster brand and focus on increasi! ng operational excellence, re-positioning their product and remodeling the restaurants. The...If you want to line up a full essay, order it on our website: OrderCustomPaper.com

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