Red Lobster Moves to China Essays - 2134 Words

RED LOBSTER MOVES to CHINA? HTM 540, International Tourism Development May 26, 2013 Review key points from Darden Restaurant’s most recent 10-K. Their stock symbol on the NYSE is DRI Darden Restaurants based on company sales, market and the amount of company owned and managed restaurants, is the worlds largest casual dining restaurant company who has a variety of dining brands to choose from. Their mission is to be â€Å"The best, now and for generations... and a place where people can achieve their dreams† (Darden 10K, 2012). According to their most recent 10-K report (2012), there are many key points for review. â€Å"Of the 1,961 restaurants across the United States Canada none of them are franchised† (Nation’s†¦show more content†¦and Canada. Darden operates more than 2,000 restaurants in the U.S. and Canada. Red Lobster in particular began its work with six restaurants fiscal year ending 1970 that increased to 704 restaurants in the United States and Canada by ending fiscal year 2012. In 1983, Darden opened its first Re d Lobster restaurant in Windsor, Ontario, located in Canada. The first Red Lobster restaurant in the United States opened in 1968 in Lakeland, Florida. There is a plan for Red Lobster to remodel its restaurants across the U.S. and Canada. The new design will mirror the seaside village of Bar Harbor, Maine. â€Å"As of June, 2012 they have more than half of the system in the Bar Harbor image. All of Red Lobster’s restaurants are scheduled to be completed by 2014† (â€Å"Corporate Fact Sheet,† 2012, para. 6) . According to the Data monitor report on leading companies (2008), in Canada, the company operates 29 Red Lobster restaurants (para. 4). Although Red Lobster has had success in Canada, there is no other quick service seafood restaurant in the U.S. that has a major -based quick-service seafood restaurant who has established a major existence towards the northern end of the border. Barry Shannon (1996) Vice President of Operations of Red Lobster in Canad a explains that â€Å"Red Lobster offsets higher food, beverage and labor costs with higher check averages -up to 20 percent higher than at Red Lobsters counterparts in the States† (p. 1). Compare and contrastShow MoreRelatedLevendary Cafe: the China Callenge Essay1401 Words   |  6 Pagesservice restaurants, and 3) casual dining. An excellent example of this concept business is The Darden family of restaurants, founded from Lakeland, FL, which features the following most successful and recognizable brands in full- service dining: Red Lobster, Olive Garden, Long Horn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s, and Yard House. According to their last SEC 10-k report filing, they own and operate worldwide more than 2,000 restaurants, employ 185,000 people, andRead MoreDisney Parks Vs. Hong Kong1842 Words   |  8 Pagesyou (or your hotel concierge) to call to make reservations. Disney World - Orlando, Florida: Around the World Foodie Tour 1. Epcot ®: Dine Around the Disney World (Showcase) Epcot features a â€Å"World Showcase† of eleven countries – Mexico, Norway, China, Germany, Japan and so on. As you walk from country to country, you will be greeted by cast members in appropriate regional clothing who will be happy to chat with you and answer any questions you may have. One of the popular pastimes for â€Å"foodie†Read MoreSeafood Marketing Plan1968 Words   |  8 PagesStingrae Caribbean a limited liability company. The Stingrae brand currently distributes seafood products through out Trinidad and Tobago and the Caribbean. Products in the Stingrae line includes:- squid, crab backs, crab meat, shrimps, prawns, lobster (live and frozen), flying fish, white salmon, pink salmon, counter caviar, fillets of white fish, mussels, octopus and a variety of other seafood products. Stingrae is a distributor and wholesaler in seafood products, is about to launch one ofRead MoreCambrian Period2644 Words   |  11 Pagesthe Russian word for homeland, rodina). As the Cambrian began, Rodinia began to fragment into smaller continents, which did not always correspond to the ones we see today. Green represents land above water at this time, red indicates mountains, light blue indicates shallow seas of the continental shelves, and dark blue denotes the deep ocean basins. The Cambrian world was bracketed between two ice ages, one during the late Late Proterozoic and theRead MoreCambrian Period2628 Words   |  11 Pagesthe Russian word for homeland, rodina). As the Cambrian began, Rodinia began to fragment into smaller continents, which did not always correspond to the ones we see today. Green represents land above water at this time, red indicates mountains, light blue indicates shallow seas of the continental shelves, and dark blue denotes the deep ocean basins. The Cambrian world was bracketed between two ice ages, one during the late Late Proterozoic andRead MoreComparison and Financial Assessment of eBay, the Clorox Company, and Darden Restaurants2264 Words   |  9 PagesPayPal, the online payment provider has complimented the ability for consumers to pay for goods bought on the auction site. The company has undertaken strategic partnerships with numerous organizations, including Craigslist in the US and EachNet in China (eBay, 2012). Therefore, eBay has undertaken related diversification and can offer a range of online services related to the sales and promotion of goods. The Clorox Company The Clorox Company has been established for longer than eBay, and may beRead MoreKfc and Global Fast Food Industry11778 Words   |  48 Pagesinternational strategy was to grow its company and franchise restaurant base throughout the world. By early 2000, however, KFC had refocused its international strategy on several high-growth markets, including Canada, Australia, the United Kingdom, China, Korea, Thailand, Puerto Rico, and Mexico. KFC planned to base much of its growth in these markets on company-owned restaurants, which gave KFC greater control over product quality, service, and restaurant cleanliness. In other international marketsRead MoreDescriptive Writing Samples6140 Words   |  25 Pagesonce the whole student body is united in hilarity, all eagerly scanning the three-hundred or more people for the guilty party. The culprit (a minute, year seven boy) stands next to the offending pile of broken china and, as several of the older students begin to whoop, proceeds to flus h a deep red as he prays for an escape from the blinding spotlight. Unfortunately, the hole in the ground fails to appear for him as it has failed so many others in similar situations and he is left at the mercy of hundredsRead MoreTesting4086 Words   |  17 Pagesthe DominatorTM. Date 2007 Domino’s removes all hydrogenated fats from its products. Chris Moore becomes Chief Executive. Store number 500 opens in Hatfield. 2008 Domino’s Pizza becomes official sponsor of Britain’s Got Talent on ITV. Domino’s moves from AIM to the main market of the London Stock Exchange. 2009 Domino’s new bespoke commissary begins construction. The first mobile unit takes to the road. The pizza tracker, an online programme designed to show the customer the route of their pizzaRead MoreVarian Solution153645 Words   |  615 Pages,,, ,,,,,, Red Line ,,,,,, ,,,,,, ,,,,,,Black Shading ,,,,,, ,,,,,, ,,,,,, ,,,,,,,,,,,,, ,,,,,, ,,,,,,,,,,,,, Black Line ,,,,,,,,,,,,, ,,,,,,,,,,,,, ,,,,,,,,,,,,, ,,,,,,,,,,,,, ,,,,,,,,,,,,, ,,,,,,,,,,,,, Blue ,,,,,,,,,,,,, ,,,,,,,,,,,,, Shading ,,,,,,,,,,,,, ,,,,,,,,,,,,, ,,,,,,,,,,,,, 2 4 6 8 x1 0 (d) Suppose that the price of commodity 1 falls to $5 while everything else stays the same. Write down your new budget equation. 5x1 +5x2 = 40. On the graph above, use red ink to draw