Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Du....you've clearly never been to Ann Arbor...there's a crap ton of money and nice stuff there. It's a nice college town suburb full of highly paid academics, doctors, and people trying to live close to but not in Detroit. They can easily support a Ruth's Chris
Du....you've clearly never been to Ann Arbor...there's a crap ton of money and nice stuff there. It's a nice college town suburb full of highly paid academics, doctors, and people trying to live close to but not in Detroit. They can easily support a Ruth's Chris
Du....you've clearly never been to Ann Arbor...there's a crap ton of money and nice stuff there. It's a nice college town suburb full of highly paid academics, doctors, and people trying to live close to but not in Detroit. They can easily support a Ruth's Chris
At 50% off its almost at reality. I love steak. I raise steak. But I can not see how some places charge for their steaks. Best food on this planet, ney the universe. But even so.e local high profile places that I will not name, I have been embarrassed to take friends to. Good local high quality Grocery store have just as good if not far superior quality.I saw somewhere that this is capped at 50%. Even at that, it's a heck of a deal.
At 50% off its almost at reality. I love steak. I raise steak. But I can not see how some places charge for their steaks. Best food on this planet, ney the universe. But even so.e local high profile places that I will not name, I have been embarrassed to take friends to. Good local high quality Grocery store have just as good if not far superior quality.
ESPN article states that the location with this promotion grosses anywhere from $100,000-175,000 per week. I don't think they're hurting for business....
Ive been there too. Sorry, but it just does not compare to Lincoln and Memorial.I've been to Ann Arbor and have stood in the middle of the field on the 50-yard line of the Big House, and incidentally wasn't impressed with that stadium. Sunken stadiums just aren't impressive. No impressive facade, no immense height. Boring.
Say what you will about Ann Arbor, but businesses that are doing well generally don't implement the lost leader.
Standing on the 50, how could you see the facade? Face it, the stadium is old and still functions better and more economically than the tinker toy monstrosities they build today.I've been to Ann Arbor and have stood in the middle of the field on the 50-yard line of the Big House, and incidentally wasn't impressed with that stadium. Sunken stadiums just aren't impressive. No impressive facade, no immense height. Boring.
Say what you will about Ann Arbor, but businesses that are doing well generally don't implement the lost leader.
Comment, have been to a few games in Lincoln, about the friendliest fans I've visited with. Ne is loaded w class so don't take my stadium comments personally.Standing on the 50, how could you see the facade? Face it, the stadium is old and still functions better and more economically than the tinker toy monstrosities they build today.
A2 is rated one of the best college towns in America. It's clean, profitable and the crime rate is well under control. One of ten best towns to raise a family in the country by one magazine. Profitable business? Have a pocket full of money if you try to buy any bus in A2.Ann Arbor, MI (population 120,000) has a Ruth's Chris? Probably why they have to resort to this type of promotion. The lost leader to generate business.
ESPN says the place grosses 100,000 to 175,000 per week. Sounds like a fairly successful bus to me. 10 yrs ago, a McDonalds rest was valued (ave) @ 1,000,000.They're certainly not at 1/2 price. Their margins obviously aren't nearly as high, so they're not making as much per meal. I wonder how they do the rest of the week.
Standing on the 50, how could you see the facade? Face it, the stadium is old and still functions better and more economically than the tinker toy monstrosities they build today.
ESPN says the place grosses 100,000 to 175,000 per week. Sounds like a fairly successful bus to me. 10 yrs ago, a McDonalds rest was valued (ave) @ 1,000,000.
I'm not sure you understand the concept of "loss leader." A loss leader strategy is pricing an inexpensive item at a loss in order to stimulate sales of more expensive/profitable items. For example, if Ruth Chris decided to go half price on apps the hope would be that customers would come in, order apps and also order a full price entree.They are using the lost leader to generate business and to increase repeat business. Generally that doesn't happen with businesses that are doing well. Do you know if this is the first year they have done this promotion?
I'm not sure you understand the concept of "loss leader." A loss leader strategy is pricing an inexpensive item at a loss in order to stimulate sales of more expensive/profitable items. For example, if Ruth Chris decided to go half price on apps the hope would be that customers would come in, order apps and also order a full price entree.
What they are doing is "yield management." They are trying to stimulate sales on slower days (when they have open tables) hoping that volume makes up for and surpasses the decrease in margin per customer. Ruth Chris AA has a location problem. It is a block or two away from another steak house that is more established (within the community, not nationally), has the same level of quality, similar price point and despite being just a couple blocks away has a better location...The Chop House is literally on "Main Street" while Ruth Chris is on a side street. During the weekends both hit capacity but during the week Chop House is the local choice over Ruth Chris. Thus, what RC is doing is no different than what say an airline does when it has empty seats to fill when it drops prices on certain flights to get people who might not have chosen to fly to fly...in this case RC is trying to get more people to eat out on weekdays as the promotion does not include weekends.
It's loss leader and if you knew what it meant you would know that what they are doing is not that...again it is yield management which is a pricing strategy used to maximize revenue by selling off inventory that has a definite expiration date...in this case they did it in a creative way by tying it to a promotion that appeals to the local market. It does not necessarily have to be because of lagging sales overall.I fully understand the concept. It's used in pharmacies all the time with BC pills, cold meds, etc.. And the product doesn't have to be priced at a loss. I knew they had to have lagging sales to decide to implement this.
I've seen it spelled both lost and loss, so I'm not sure which is correct, or if both are correct.
Also...if a pharmacy drops the price on cold meds with the goal of getting someone in the store to also buy higher priced/margin items...for example, a pharmacy knows that a customer will come in to buy the cold meds at the reduced price (say slashing it during cold season when their is high demand) but will also buy razor blades, groceries, toys for the kids, perfume, etc at full price (once there might as well take care of other needs)...then yes that is loss leadership...it is using a product /brand to get people into a retail location so they can profit from other purchases (I.e during a single visit)....slashing prices on most or all of your products is not loss leadershipI fully understand the concept. It's used in pharmacies all the time with BC pills, cold meds, etc.. And the product doesn't have to be priced at a loss. I knew they had to have lagging sales to decide to implement this.
I've seen it spelled both lost and loss, so I'm not sure which is correct, or if both are correct.
It's loss leader and if you knew what it meant you would know that what they are doing is not that...again it is yield management which is a pricing strategy used to maximize revenue by selling off inventory that has a definite expiration date...in this case they did it in a creative way by tying it to a promotion that appeals to the local market. It does not necessarily have to be because of lagging sales overall.
A lost leader would be someone like yourself if you were ever to be put into a position of leadership. "Lost" leader is not a business/marketing term.Honestly, if it's called yield management, fantastic. I do know what a loss/lost leader is, but the next time I'm discussing a Ruth's Chris and their difficulty with generating business, I'll make sure to use the term 'yield management,' and try to say it with a straight face.
This has turned into one of the best threads I have ever read.Been here a long time, seen a lot of stupid arguments, this has potential to be in the top 10 of stupid arguments, top 5 if we get some name calling going.
A lost leader would be someone like yourself if you were ever to be put into a position of leadership. "Lost" leader is not a business/marketing term.
Anyone reading or posting in this thread is clearly a masochist
Thank you. Your sentence is a good example of the use of 'masochist' in a context that ellobo doesn't understand. Ya see, he is under the impression that masochist only has sexual connotations.
Ohhhh on...it has many uses...winkThank you. Your sentence is a good example of the use of 'masochist' in a context that ellobo doesn't understand. Ya see, he is under the impression that masochist only has sexual connotations.
At least you've learned a lesson. It's time you'll never get back.
That's true, but I feel grateful that I've learned a new term that I can throw around when I attend networking events. Yeah...uh...networking events. Ugh..
Trust me. It's not you.
I know he's an irritating twit, but I'm not without fault. I should have left Ruth's Chris alone. They make a tasty slab of flesh.
He's not here to discuss anything with you. He's terrified of being wrong about anything. So, he has to argue about inane bullshit just to get one up on you.
I now understand why NU got kicked out of the AAU