Pinkberry Swirls in Buckhead
External analysisMacro-environment Industry (Competitive) environment Industry life cycle
COMPANY PROFILE:The taste that launched 1,000 parking tickets.
Founded in 2005 in West Hollywood. Founder: Shelly Hwang and Young Lee. Funded by venture capital firm, Maveron. Business Type: Franchise. Number of Restaurants: more than l30 restaurants Tagline: Pinkberry is Swirly Goodness.
Goodness every day
Missiondeliver a one-of-a-kind experience made up of delicious products Creating an inspiring environment and emotional connections
Connection ,customer , brand , quality ,performance and innovation
Pinkberry goal is deliver smoothing taste to people
Political :Possible changes in foreign trade regulations since Pinkberry is a franchises company y Taxation policy y Entrance to WTOy
Economical :US Dollar rate y Disposable income of customersy
Social / Culturaly y y y y
Seasonal time Place to hang out Relief from stress Celebrity & Fashion Less Fat & Healthy Treat
Developing localized corporate Pinkberry websites
Pinkberry Groupies (proprietary) and Pinkberry blog Facebook, Twitter
The prohibition in Muslim countries of the contents of the pork-derived
Attracts ages 16-34
Pinkberry has over 130 global locations and they are continually opening new franchises
The frozen yogurt industry has expanded very rapidly.
o o o o o
The porters 5 force model are: Intensity of rivalry among established firms. Risk of entry by potential competitors. Bargaining bower of buyers. Bargaining bower of suppliers. Threats of substitutes.
PINKBERRY FROZEN YOGURT: PORTERS FORCE MODELThreat of new entrants
Law fat ice cream with acid flavor.Rivalry
Bargaining power of buyers
Frozen yogurt, fruits, chocolate ,cups, spoons.Bargaining power of suppliers
Pinkberry Snog Red mango TCBY
Locations , rents, working hours.
Plain yogurt, flavored yogurt, choosing option.
PORTERS FORCE MODEL:
There are 4 elements of an attractive industry in Porters force models: High entry barriers. Suppliers and buyers have weak positions. Few threats from substitute products. Moderate rivalry among competitors.
o o o o
Its easy and inexpensive to open a frozen yogurt store in compare with other food options. The core issue about it is the location, it must be in a success driving locations. Such as malls or famous streets. the businesses cant pay the high rent for these locations.
BUYERS AND SUPPLIERS POSITION:
The supplier of the frozen yogurt to pinkberry is Cielo USA. They really have a strong and high position because of the high demand of the frozen yogurt. The buyers (Not final buyers) also have a power but not as high as the suppliers.Some retailer take the sponsorship for Pinkberry in their countries such as Alshaya Co. in Kuwait and also HSMHost has signed with Pinkberry to open stores in several countries in the middle east.
The substitute product for the frozen yogurt is the plain yogurt or mixed with many flavors.
It has no threats on the frozen yogurt industry because it targets a different demographical group.
RIVALRY AMONG COMPETITORS: o
The competitors for pinkberry are: Red mango: -One hundred stores in US.
TCBY - Five hundred stores only in US and many stores in the middle east (Qatar,Bahrain).
Snog: -Seven stores and planning to open 1 more (2 of them in he middle east), Dubai &Kuwait.
INDUSTRY LIFE CYCLE:
Pinkberry store is considered to be in the growth stage in this period of time. They have many new customers and the celebrities are giving it a famous name.
The have many stores all over the world and its a well known name in the frozen yogurt industry, so the entry of barriers are relatively law in this stage.
Pinkberry cannot survive if it attempts to cling to customers solely interested in eating frozen yogurt for being a fad. Once Pinkberry is no longer determined to be hip or cool, their sales will decrease dramatically In order to be able to sustain profits in the long term, the optimal strategy is to try and establish Pinkberry as a national brand. Being a national brand offers stability and profits on an entirely different scale compared to Pinkberrys current situation .
http://buckhead.patch.com/articles/pinkberry-swirlsin-buckhead http://www.careerbuilder.com/JobSeeker/Jobs/JobDet ails.aspx?SiteID=glassd01&Job_DID=J8D4G76QTTX BCT6H6B6 http://en.wikipedia.org/wiki/Pinkberry http://www.pinkberry.com http://www.foodservice.com/articles/show.cfm?content id=17876&title=Frozen%20Yogurt's%20Two%20Minu te%20Problem http://www.alibaba.com/member/us101897423.html http://www.fundinguniverse.com/companyhistories/TCBY-Enterprises-Inc-CompanyHistory.html http://en.wikipedia.org/wiki/Red_Mango