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Kaylee Wells

๐Ÿ‘ค Speaker
162 total appearances

Appearances Over Time

Podcast Appearances

Marketplace All-in-One
The price of gas is at a three-year high

Jomini says this trend won't hurt car dealers much, since they often provide incentives that clear the old car's balance so buyers can afford a new one.

Marketplace All-in-One
The price of gas is at a three-year high

I'm Kaylee Wells for Marketplace.

Marketplace All-in-One
Job numbers fall short of expectations

The estimates are that about 31,000 workers were involved with those strikes.

Marketplace All-in-One
Job numbers fall short of expectations

And so that does show up in the jobs report.

Marketplace All-in-One
Job numbers fall short of expectations

But all of that being said, health care jobs growth was still slow, even if you do account for those striking workers.

Marketplace
Fast-casual meal deals are upon us

Meal deals make sense at a classic drive-thru because those customers are looking for cheap, fast food.

Marketplace
Fast-casual meal deals are upon us

Rich Schenck, vice president of innovation at the food service industry analysis firm Technomic, says the fast casual restaurant traditionally didn't advertise cheap food.

Marketplace
Fast-casual meal deals are upon us

It advertised food that was higher quality.

Marketplace
Fast-casual meal deals are upon us

But then there was inflation and rising prices on groceries and utilities and housing taking bigger bites out of our wallets.

Marketplace
Fast-casual meal deals are upon us

Now Panera might pull some customers from traditional drive-thrus, but their $10 value meal can't compete with the price of the $5 value meal at McDonald's.

Marketplace
Fast-casual meal deals are upon us

But that's not the point.

Marketplace
Fast-casual meal deals are upon us

Professor Alex Suskin teaches food and beverage management at Cornell University.

Marketplace
Fast-casual meal deals are upon us

He says this is about helping customers who always came to Panera but are having a tougher time affording it now that paychecks are getting stretched by all the other rising prices.

Marketplace
Fast-casual meal deals are upon us

In other words, off the $10 value meal and back into that $14 sweet spot.

Marketplace
Fast-casual meal deals are upon us

But getting customers to walk back in the door is only half the battle.

Marketplace
Fast-casual meal deals are upon us

Stephen Zagor, who teaches food entrepreneurship at Columbia Business School, says there are two more factors to Panera's success.

Marketplace
Fast-casual meal deals are upon us

And two, the cheaper food only works if the food tastes good.

Marketplace
Fast-casual meal deals are upon us

Zagor called this value pricing a war, which means Panera won't be the last to try it out.

Marketplace
Fast-casual meal deals are upon us

He expects other fast casual restaurants, think Chipotle or Panda Express, to start doing the same thing.

Marketplace
Fast-casual meal deals are upon us

I'm Kaylee Wells for Marketplace.