Retailers, consumers and prices
Less than a month after revamping its pizza recipe to lure in more customers, the U.S. pizza delivery chain said it plans to elect the head of its U.S. operations Patrick Doyle as its next CEO at a meeting next month.
Don’t feel sad for outgoing CEO David Brandon though. He will remain as a “special advisor” through this year and doesn’t have to look for a new home as he is moving down the road in Ann Arbor, Michigan to become the University of Michigan’s next athletic director. Go Blue, indeed.
In December, Domino’s made its pizza crusts more garlicky, tweaked its tomato sauce and upgraded its cheese in a move to upgrade the taste of its product, which research firm Brand Keys said tied for last with children’s pizza party chain Chuck E. Cheese.
Also in the basket:
Supervalu, whose chains include Albertsons and Save-A-Lot, didn’t see any increase in its total quarterly sales. Its food sales were actually down 0.7 percent, but the company saved itself in part with lower expenses, and reported a higher quarterly profit.
Check out Papa John’s countering U.S. pizza sector woes by continuing its global expansion and announcing plans to open more locations in Canada.
Last month, at the Reuters Food Summit in Chicago, Papa John’s CEO Nigel Travis said the pizza industry was under more pressure than it was at the beginning of the year.