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Lemon Tree Hotels set to expand internationally, targeting major cities globally

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Lemon Tree hotels

Lemon Tree Hotels plans to extend its operational footprint to key global destinations, including New York, London, Singapore, and Hong Kong, as revealed by Patanjali Keswani, Chairman and Managing Director. Keswani emphasized that a substantial 70% of Indian travelers venturing abroad choose among seven or eight cities, namely New York, London, Dubai, Thailand, Hong Kong, Singapore, Nepal, and Sri Lanka.

“So, these are the places where ideally we would like to operate hotels under management contracts,” said Keswani.

The company underwent international expansion, inaugurating hotels in Dubai in December 2019 and in Bhutan in February 2020. Simultaneously, it also initiated hotel operations in Nepal. Patanjali Keswani, Chairman and Managing Director, mentioned plans to open 5-6 additional hotels in Nepal over the next three years.

The group provides a diverse portfolio of seven brands, encompassing Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels.

The chief of the BSE-listed hotel chain has outlined ambitious plans to tap into the growth of the unbranded hotel segment, both domestically and internationally. Presently, Lemon Tree operates over 9,400 rooms in 96 hotels across 61 destinations. Upon the completion of the current pipeline, the hotel chain is poised to manage 13,300 rooms in 153 hotels spanning 97 destinations.

He explained that the company, once primarily following an asset-heavy model where it owned hotels, is now emphasizing management contracts.

“Today, out of our 10,000 rooms, 6,000 are owned. We’ll be going up to 20,000 rooms. These rooms will be management contracts. That means 70 per cent of our inventory will be management contracts.”

Lemon Tree, coincidentally, holds the position of the third-largest player in the Indian hospitality sector, in terms of owned rooms, following Taj and ITC Hotels.

Keswani explained that the company is now utilizing management contracts as part of its multi-pronged strategy.

“Over the past six quarters since April of last year, we’ve implemented a dual strategy involving consistent price hikes and demand generation. We’re now concentrating on optimising returns from our significant hotel investments, being the third-largest owner of hotel rooms in India. Our financial figures consistently show a 15-20 per cent revenue growth, with half attributed to pricing adjustments and the other half to increased demand. This joint approach involves both repricing and segment analysis.”

According to him, India’s hotel industry underwent a prolonged down cycle due to a decade of supply growth (14-15 per cent annually) surpassing demand. This reversal began just before Covid, but the pandemic disrupted the trajectory. Post-Covid, despite losses, the sector increased prices without an immediate uptick in demand. Notably, he sees the surge in hotel demand in India as a pivotal moment, drawing parallels to the growth experienced in China.

He additionally mentioned that for the next four years, the company will sustain a year-on-year revenue growth of 15 percent.

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Victoria’s Secret sets foot in Pune: Unveils its first store in Phoenix Mall

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Gaye Raymond,

Victoria’s Secret, the well-known American intimate specialty retailer, has unveiled its first store in Pune, as announced by Apparel Group India, the franchisee for Victoria’s Secret in India, in a social media post a week ago.

Situated at Phoenix Mall of the Millennium in Wakad, the new establishment marks the retailer’s third store in India.

“We are thrilled to announce the opening of Victoria’s Secret’s newest beauty store at Phoenix Mall of the Millenium, Wakad, Pune. This is the brand’s 1st store in Pune and the 3rd in India,” Apparel Group India said in a LinkedIn post while sharing the pictures of the store.

Victoria’s Secret is present in the Indian market through its partner, Apparel Group India. In 2021, the global chain entered the Indian market for the first time via its e-commerce platform, providing a range of fragrances, beauty, and personal care products.

In 2022, the brand established its tangible presence in the country by opening its flagship store at Palladium Mall in Mumbai. Subsequently, another store was inaugurated at Ambience Mall in Vasant Kunj, New Delhi.

Founded in 1977 by brothers Roy and Gaye Raymond, Victoria’s Secret, the American retailer specializing in lingerie, clothing, and beauty products, has evolved into a globally recognized brand. According to its official website, the company now operates approximately 1,360 retail stores in 70 countries.

Based in Dubai, UAE, Apparel Group stands as a prominent global retail giant in the fashion and lifestyle sector. With a presence in over 14 countries, the company operates a vast network of more than 2,025 stores, featuring a diverse portfolio of over 80 brands. Among these brands are globally recognized names like Beverly Hills Polo Club, Bath & Body Works, Tim Hortons, Tommy Hilfiger, Nine West, Call it Spring, Charles & Keith, Inglot, La Senza, R&B Fashion, and Victoria’s Secret.

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Amazon faces strikes in Europe amid Black Friday shopping rush

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Amazon
Amazon (Representative Image)

Employees of Amazon went on strike at various sites across Europe on Friday, expressing their opposition to the working conditions enforced by the U.S. e-commerce giant. This protest occurred on one of the most hectic shopping days of the year.

The “Make Amazon Pay” campaign, organized by the UNI Global Union, announced that strikes and protests are scheduled in over 30 countries, spanning from Black Friday—the day following the U.S. Thanksgiving holiday, known for widespread discounts to drive sales—until Monday.

Initially recognized for the large gatherings at U.S. big-box stores, Black Friday has progressively shifted to the online sphere and gained a global presence. This trend is fueled, in part, by Amazon, which has promoted holiday discounts from November 17 to November 27 this year.

In Germany, which stood as Amazon’s second-largest market in terms of sales last year, the Verdi trade union approximated that approximately 2,000 employees went on strike across six Amazon fulfillment centers.

The report indicated that 500 employees at a Rheinberg warehouse, constituting almost 40% of the workforce, had gone on strike. Additionally, around 250 workers at a Leipzig warehouse, accounting for approximately 20% of the workforce, had also joined the strike.

A spokesperson for Amazon in Germany asserted that only a limited number of workers were participating in the strike. The spokesperson emphasized that employees receive fair wages, starting at over 14 euros ($15.27) per hour. Furthermore, they assured that Black Friday orders would be delivered punctually and reliably.

In England, over 200 workers participated in a strike on Friday at Amazon’s Coventry warehouse, marking an ongoing dispute regarding pay.

Nick Henderson, an employee at the warehouse functioning as a logistics hub for Amazon’s product processing and distribution to other facilities, expressed that his participation in the strike was motivated by the pursuit of higher pay and improved working conditions.

The protesters vocally advocated for their request for a wage increase to £15 ($18.69) per hour.

An Amazon UK spokesperson mentioned that the minimum pay is between £11.80 and £13 per hour, depending on the location, and will increase to £12.30 to £13 per hour from April 2024. Amazon assured that the strike would not cause disruption.

In Italy, the CGIL trade union reported that over 60% of employees at the Amazon warehouse in Castel San Giovanni were participating in the strike. In contrast, Amazon asserted that over 86% of its workforce at that location had reported to work, emphasizing that there had been no disruption to operations.

The Spanish union CCOO urged Amazon warehouse and delivery workers to conduct a one-hour strike during each shift on the upcoming “Cyber Monday.”

In France, Amazon’s parcel lockers, situated in train stations, supermarket car parks, and street corners and widely utilized by customers for order pickups, were adorned with posters and barricade tape, as reported by the anti-globalization organization Attac, the orchestrator of the protest.

Attac, characterizing Black Friday as a “celebration of overproduction and overconsumption,” disclosed that 40 lockers were singled out across the country. Amazon countered, affirming that all its lockers in France remained accessible.

Despite the swift expansion of competitors such as Shein and Temu, Amazon has sustained its popularity in Europe. Data from data.ai reveals that in October, Amazon’s app boasted 146 million active users in Europe, surpassing Shein with 64 million users and Temu with 51 million users.

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Uttar Pradesh govt honors Sadhu Vaswani with statewide ‘No Non-Veg Day’

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nonveg
(Representative Image)

The Yogi Adityanath-led Uttar Pradesh government has declared November 25 as a “no non-veg day” in honor of the birth anniversary of Sadhu TL Vaswani. According to an official statement, all meat shops and slaughterhouses will be closed today across the state.

Sadhu Thanwardas Lilaram Vaswani was an Indian educationist who started the Mira Movement In Education and established St. Mira’s School in Hyderabad, Sindh (now in Pakistan). A museum, the Darshan Museum, dedicated to his life and teachings, was opened in Pune.

Sadhu Vaswani’s birthday on November 25 is acknowledged globally as International Meatless Day.

The recent announcement followed the Uttar Pradesh government’s swift ban on the production, storage, distribution, and sale of food items with halal certification. This measure took immediate effect, with an exception for products specifically manufactured for export.

Read More: Uttar Pradesh implements immediate ban on sale of Halal-certified products

While making the announcement, the state government accused those attempting to dissuade the use of products without a halal certificate of engaging in “malicious efforts.” According to the government, these actions not only aim for “unfair financial advantages” but are also seen as part of a “pre-planned strategy to sow class hatred, create divisions in society, and weaken the country” orchestrated by “anti-national elements.”

After the prohibition of Halal-certified products, the Food Safety and Drug Administration (FSDA) carried out inspections at various locations to scrutinize food items. On November 22, a team from FSDA conducted a raid on a McDonald’s outlet in Lucknow, Uttar Pradesh, as part of the state government’s recent initiative to clamp down on counterfeit Halal-certified products.

During the raid, FSDA officials conducted a thorough examination of various food items, revealing the presence of Halal-certified products, particularly in the form of packaged wraps.

Raids were also conducted in Sahara Mall, Lucknow, where eight companies were discovered selling Halal-certified products, leading to the registration of legal cases against them.

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Spencer’s Retail to launch luxury Natures Basket stores to boost profit margins

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Natures Basket
Natures Basket (Representative Image)

Spencer’s Retail, the multi-format retailer within the RP-Sanjiv Goenka Group, is launching a luxury version of Natures Basket stores to achieve higher profit margins.

Natures Basket (NBL), a premium gourmet retailer, operates as a wholly-owned subsidiary of Spencer’s Retail.

“Traditionally, Natures Basket is in the space of gourmet retailing, but it is slightly ultra premium. Now, we are redefining that into a luxury grocery. It is going to be a very different experience altogether,” Spencer’s Retail chairman Shashwat Goenka said. This concept is new to India, he added.

The retailer is launching its first luxury Natures Basket store in Mumbai. In contrast to the average Natures Basket store size of around 2,500 square feet, this new format store will occupy approximately 12,500 square feet.

The company will be introducing two additional new-format stores: a 7,000 sq ft store in Kolkata in December and a 9,500 sq ft store in Mumbai in January of the upcoming year. These stores are strategically located in prime localities.

“The new concept stores are much larger in size, and therefore you can give a lot more experience to the consumers. It redefines what gourmet grocery retail really is,” Goenka said.

He noted that, given the larger size of these new concept stores, the company can generate “significantly more revenue” from a single store. He emphasized that this expansion will contribute significantly to overall profitability.

The retailer anticipates that these new stores will reach break-even within the second month of operations. The investment in each store is estimated to be in the range of INR 3-5 crore.

“In Natures Basket, we have a very healthy margin. These new concept stores will add to the margins because in this large format stores, we will have scope for higher margins. But on the pricing front, these stores will be competitive,” Goenka said.

Presently, the retailer operates 32 Natures Basket stores. Following the inauguration of the three new concept stores, the total store count will reach 35 by the end of this fiscal year. In the subsequent financial year, the company intends to introduce three to five additional luxury stores.

In the second quarter of this fiscal year, Spencer’s Retail experienced a 65 basis points improvement in gross margins. Natures Basket, considered independently, achieved an 8 percent growth and enhanced its gross margin percentage by 241 basis points on a quarter-on-quarter basis.

Spencer’s Retail disclosed an expanded net loss of INR 70.12 crore in the second quarter of this fiscal year, compared to INR 53.78 crore in the corresponding period of the previous fiscal. The company’s revenue from operations declined to INR 574.04 crore in the current period, down from INR 649.27 crore in the same period the previous year.

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Jagatjit Industries Q2 profits soar, marking two-fold growth to INR 2.4 Crore; secures INR 180 Crore loan for ethanol plant expansion

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Jagatjit Industries
Jagatjit Industries Limited (JIL)

Jagatjit Industries Ltd, a player in the liquor business, has recorded a more than twofold increase in its consolidated profit, reaching INR 2.38 crore for the second quarter of the current fiscal year. The company also announced securing a term loan of INR 180 crore from IREDA to establish a grain-based ethanol plant in Punjab. In comparison, its net profit was INR 1.14 crore in the corresponding period of the previous year.

The total income increased to INR 187.06 crore in the July-September period of 2023-24, up from INR 174.95 crore in the same period of the preceding year.

The net profit for the initial six months of the current fiscal year amounted to INR 5.02 crore, marking a significant improvement from the net loss of INR 3.3 crore during the corresponding period in the previous year.

Total income rose to INR 368.23 crore during April-September period from INR 302.17 crore a year ago.

“With a focus on innovative offerings and expanding our market footprint, we have not only strengthened our financials but also set a precedent for future growth,” Jagatjit Industries Promoter & Executive Director Roshini Sanah Jaiswal said in a statement on Friday.

Meanwhile, on November 14, the board of the company gave approval for obtaining a term loan of INR 180 crore from the Indian Renewable Energy Development Agency (IREDA). This funding will be utilized for the establishment of a grain-based ethanol distillery plant with a daily capacity of 200 kiloliters in Kapurthala, Punjab. The formalization of the loan agreement took place on November 16.

Last year, Jagatjit Industries revealed its plan to invest INR 210 crore in the establishment of a grain-based ethanol manufacturing plant in Punjab. The objective behind this strategic investment was to seize the growing demand for green fuel, specifically for blending with petrol.

Established in 1944, Jagatjit Industries specializes in the production of a comprehensive range of alcoholic beverages, encompassing whisky, vodka, rum, gin, and brandy. Among its notable brands is Aristrocrat Premium Whiskey.

The company is engaged in the production of Indian Made Foreign Liquor (IMFL) and country liquor, malted milk food, and malt extract (manufacturing Boost for HUL under a contractual arrangement). Additionally, it operates a distillery for the production of Extra Neutral Alcohol (ENA) used in alcoholic beverages, and is involved in commercial real estate.

Listed on the BSE, the company operates manufacturing facilities located in Kapurthala, Punjab, and Behror, Rajasthan.

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Subway India refreshes its menu with Coca-Cola, ends 5-year PepsiCo partnership

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Subway Mumbai
Subway (Representative Image)

Subway India has ended its five-year exclusive arrangement with beverages maker PepsiCo India for selling its products at the sandwich and salad chain’s outlets. Instead, the company has forged a new partnership with rival Coca-Cola, according to executives familiar with the development.

All 570-plus Subway stores in India will now exclusively feature Coca-Cola’s assortment of soft drinks, juices, coffee, tea, and water, as confirmed by one of the executives.

A representative from Coca-Cola verified the agreement with Subway. In response to queries via email, the spokesperson stated, “We constantly join forces with different brands.”

The sandwich franchise has initiated the process of incorporating Coca-Cola beverages into its online ordering app, available on aggregator platforms like Swiggy and Zomato.

Subway India and PepsiCo announced their partnership in 2018.

Exclusive beverage partnerships with major food service chains play a pivotal role in generating substantial sales through out-of-home and delivery channels for companies such as PepsiCo and Coca-Cola. Coca-Cola holds a worldwide exclusive partnership with McDonald’s, as well as with KFC, Pizza Hut, and Taco Bell, all owned by Yum Brands and operated in India by Devyani International, Sapphire Foods, and Burman Hospitality, respectively. On the other hand, PepsiCo has exclusive associations with Jubilant FoodWorks’ Domino’s Pizza in India.

George Kovoor, the vice president of PepsiCo India, stated that the company refrains from providing comments on individual partnerships. “Having said that, we continue to work with industry leaders in critical channels,” he said in an emailed response.

Executives from Subway India were not available for comment. The sandwich chain in India is managed by Culinary Brands, a division of the private equity firm Everstone Group. Everstone Group also holds the operating franchise rights for Lavazza coffee and Fresh & Honest Cafes in the country.

As per one of the executives, Subway made the change due to Coca-Cola’s broader brand portfolio and enhanced service reach.

The American sandwich chain has strategically partnered with Coca-Cola in the majority of its key markets. It has been reported that Burger King is also in advanced talks to secure Coca-Cola as its beverage partner. For nearly a decade, the burger chain has been associated with PepsiCo in India.

Despite a recent slowdown in sales over the past few quarters, all major listed quick-service companies in India have maintained their growth and expansion projections for the current fiscal year.

As per credit ratings firm ICRA, the leading five entities in the domestic Quick Service Restaurant (QSR) industry are anticipated to incorporate 2,300 stores from FY23 to FY25, with an approximate capital expenditure of INR 5,800 crore.

In addition to restaurant chains, multiplexes are also experiencing swift growth as out-of-home channels for food and beverage companies. Exclusive agreements with multiplexes ensure access to a captive consumer market.

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Salt Cafe expands to Noida, set to delight taste buds with a blend of global flavours

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Salt Cafe

Following the openings in Delhi and Agra, Salt Cafe has inaugurated its third outlet in Noida.

The name “Salt Cafe” embodies an international culinary odyssey, blending an array of flavors from around the world with the intricate layers of Indian cuisine.

A symphony of regional and international flavours will be included on the new menu that the Noida location promises to provide. Nitin Gupta, the managing director of Salt Cafe, said, “We are excited to introduce the Salt Cafe experience to the lively city of Noida. We are steadfast in our dedication to providing a varied and pleasant meal and fostering a calm, inviting atmosphere. Noida can anticipate an unparalleled gastronomic experience, and we’re thrilled to announce that additional sites will be opening soon. We are forward to having you visit our newest location.”

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Unlocking Creativity: Techniques for Inspiring User-Generated Content

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User-Generated Content

In the digital age, where user engagement is the currency of success, businesses are increasingly turning to user-generated content (UGC) to amplify their online presence. Harnessing the creativity of your audience not only fosters a sense of community but also generates authentic content that resonates with potential customers. Unlocking creativity from your user base is a strategic move that requires a thoughtful approach. Here are the innovative techniques for inspiring user-generated content and how businesses can leverage this powerful tool to drive growth.

1. Create an Engaging Platform:

The foundation for inspiring user-generated content lies in providing a platform that encourages creativity. Whether it’s a social media channel, a dedicated website section, or an interactive app, the platform should be user-friendly and foster a sense of community. Features like polls, contests, and interactive elements can ignite the spark of creativity among your users.

Platforms like Instagram and TikTok have become hubs for user-generated content, with their emphasis on visual storytelling and interactive challenges. By creating a space where users feel comfortable expressing themselves, businesses can tap into a goldmine of diverse and authentic content.

2. Set Clear Guidelines:

While creativity thrives on freedom, providing some guidelines is essential to maintain brand alignment and ensure the content generated aligns with your values. Clearly communicate the type of content you’re looking for, the preferred tone, and any specific brand elements that should be incorporated. This not only streamlines the content creation process but also helps in avoiding any content that might be off-brand.

For instance, a clothing brand might encourage users to showcase their unique styles using the brand’s products, ensuring that the content reflects the brand’s aesthetic. Providing examples and templates can further guide users while still allowing room for personal expression.

3. Host Contests and Challenges:

Contests and challenges are powerful motivators for user-generated content. By tapping into the competitive nature of individuals, businesses can inspire users to create content that not only showcases their skills but also promotes the brand organically. These challenges could range from creating a catchy jingle for a product to designing a new logo or sharing creative uses of a particular product.

The beauty brand Sephora, for example, often runs makeup challenges where users showcase their makeup skills using Sephora products. The incentive of winning a prize or being featured on the brand’s official channels adds an extra layer of motivation for users to participate and get creative.

4. Feature User Stories:

Acknowledging and featuring user-generated content is a powerful way to inspire more creativity. By showcasing the work of your community, you not only appreciate their efforts but also create a sense of recognition that motivates others to contribute. Featuring user stories can be done through social media shoutouts, dedicated website sections, or even collaborative projects where user-generated content becomes an integral part of your brand narrative.

GoPro, the action camera company, has built its entire marketing strategy around user-generated content. Their social media feeds and website are filled with breathtaking videos and photos captured by GoPro users, turning customers into brand ambassadors.

5. Leverage User Feedback:

User feedback is a valuable resource for understanding what your audience wants and expects. By actively seeking and incorporating user feedback, businesses can not only improve their products or services but also inspire content creation. Conduct surveys, polls, and Q&A sessions to understand the preferences and challenges of your audience.

For instance, a software company might encourage users to share their tips and tricks for using the software more efficiently. This not only provides valuable insights for the business but also creates a knowledge-sharing community around the product.

Final Thoughts:

Inspiring user-generated content is not just a marketing strategy; it’s a way of building a community around your brand. By providing a platform for creativity, setting clear guidelines, hosting contests, featuring user stories, and leveraging user feedback, businesses can unlock the full potential of their user base. The authenticity and diversity of user-generated content not only enhance brand credibility but also create a dynamic and engaging online presence. In a world where the digital landscape is constantly evolving, businesses that embrace and inspire user creativity are poised for sustained success.

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From Niche to Notable: Strategies for Gaining Recognition in Niche Food Markets

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Niche Food Markets

In the vast and diverse landscape of the food industry, niche markets have become a thriving sector where unique and specialized products find their place. Breaking into these markets, however, presents a distinct set of challenges. From artisanal cheeses to organic spices, businesses operating in niche food markets face the dual task of carving out their identity and gaining recognition amidst a sea of options. Here are the strategies that entrepreneurs should employ to transform their ventures from niche players to notable contenders in the culinary world.

Understanding the Niche Advantage

Niche markets, by their nature, cater to a specific audience with distinct preferences and tastes. Whether it’s gourmet chocolates, gluten-free snacks, or rare spices, the appeal lies in providing something different from mainstream offerings. Entrepreneurs who understand the unique needs of their target audience can leverage this knowledge to create products that not only meet but exceed expectations.

Quality is Non-Negotiable

One of the cornerstones of success in niche food markets is a relentless commitment to quality. In a world saturated with mass-produced items, consumers in niche markets are often discerning and willing to pay a premium for superior products. Whether it’s sourcing the finest ingredients, perfecting production processes, or ensuring impeccable packaging, businesses that prioritize quality set themselves apart from the competition.

Take, for example, a small-batch olive oil producer in Italy. By meticulously cultivating and harvesting olives from specific groves, employing traditional pressing methods, and maintaining rigorous quality control, they not only deliver an exceptional product but also communicate a commitment to excellence that resonates with their niche audience.

Crafting a Unique Brand Identity

In the crowded marketplace, a compelling brand identity is crucial for standing out. This involves more than just a visually appealing logo; it encompasses the entire customer experience. Entrepreneurs must articulate what makes their product special and build a brand narrative that resonates with their target audience.

Consider the case of a boutique craft brewery. Beyond the quality of their beer, they distinguish themselves by telling the story of their local roots, the craftsmanship behind each brew, and their commitment to sustainability. This narrative creates a connection with consumers who appreciate the authenticity and uniqueness embedded in the brand.

Effective Marketing in Niche Spaces

Marketing in niche markets requires a targeted and strategic approach. Traditional mass advertising may not yield the desired results. Instead, successful entrepreneurs often turn to more personalized methods, such as social media, influencer partnerships, and participation in niche events.

Social media platforms provide an invaluable avenue for connecting with a target audience. A niche chocolate brand, for instance, can showcase its products through visually appealing posts and engage with followers who share a passion for high-quality confections. Additionally, collaborating with influencers who align with the brand’s values can amplify reach within the niche community.

Participating in niche-specific events, such as food festivals or farmers’ markets, offers a tangible connection with potential customers. The direct interaction allows entrepreneurs to receive immediate feedback, build relationships, and create a memorable brand experience. A small-batch hot sauce producer, for example, might gain traction by offering tastings at a local chili festival, connecting with spice enthusiasts directly.

Adaptability and Innovation

Niche markets can be dynamic and subject to changing trends and consumer preferences. Successful entrepreneurs in this space remain vigilant and adaptable, always ready to pivot or innovate to stay ahead of the curve.

Take, for instance, the surge in demand for plant-based products. Entrepreneurs in the niche food market have responded by developing innovative plant-based alternatives, whether it’s dairy-free cheeses, meat substitutes, or vegan desserts. By anticipating and embracing evolving trends, businesses not only stay relevant but also position themselves as leaders within their niche.

Building Community and Fostering Loyalty

Beyond transactions, successful niche food businesses cultivate a sense of community around their brand. This involves engaging with customers beyond the point of sale, whether through loyalty programs, exclusive events, or online communities.

A small-batch coffee roaster, for example, may create a subscription service that delivers curated blends to customers’ doorsteps, accompanied by information about the origin of the beans and personalized brewing tips. This not only keeps customers coming back but also transforms them into brand advocates who share their experiences with friends and family.

Final Thoughts:

Navigating niche food markets requires a delicate balance of quality, branding, marketing, adaptability, and community-building. From the artisanal baker crafting unique pastries to the organic farmer producing specialty vegetables, entrepreneurs in niche markets have the opportunity to turn their passion into profit by employing these strategies. As the culinary landscape continues to evolve, those who understand and embrace the nuances of niche markets will find themselves not only surviving but thriving in an industry that values authenticity, quality, and a genuine connection with its audience.

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