Business

8 Things You Need to Know About Generation Z and Their Food Choices

8 Things You Need to Know About Generation Z and Their Food Choices

All eyes have been on the Millennials over the last five years as they’ve been the big spenders in the food and beverage category, the ones forging the path of new trends and changing the way we create, serve and deliver food and precincts around the globe. The Millennials were part of a transformation, a technology upgrade which allowed information to be spread like wildfire making it more important for operators to be transparent, conscious and connected in their food offering. Now we’ve got Generation Z waiting at the door. 

The 3 P’s of Masterplanning a Food and Beverage Precinct

The 3 P’s of Masterplanning a Food and Beverage Precinct

We’ve broken down the three core elements of a successful food precinct - people, place and product. By delivering on all three elements, your food precinct is set to be a successful, thriving space that people want visit, spend money at and return to time and time again. 

The Fashion of Food: An Interview with Colliers International

The Fashion of Food: An Interview with Colliers International

Managing Director and leading food expert for Future Food, Francis Loughran sat down with Colliers International in New Zealand to talk about where food in retail has been, where it is now and where it is headed for the future. The original article was published as part of Collier International's Christchurch City Retail Portfolio which can be viewed here.  

Getting Your Customer Strike Rate Right in Your Food Precinct

Getting Your Customer Strike Rate Right in Your Food Precinct

Whether your precinct is part of a transport hub, retail centre, arts centre or business park, a good strike rate remains a key part of a highly successful and sustainable food offer as well as overall development with food and hospitality being a major drawcard and anchor for centres and spaces around the world. We’ve put together our quick checklist for what it takes to get your customers using all parts of the precinct, time and time again.

Converting Customers into Dollars and Achieving Maximum Gains

Converting Customers into Dollars and Achieving Maximum Gains

Performance tracking informs how you’re tracking and where you need to adjust to ensure you continue tracking successfully. When resources and structures required to implement performance tracking are not allocated, whether you’re a single operator or entire food precinct, it becomes very difficult for there to be any analysis done and therefore, any developments to be made. With the food and beverage industry being a highly competitive marketplace, it’s in everyone’s best interest to incorporate routine performance tracking to ensure you’re meeting your customer wants and needs and therefore improving your ability to meet your business targets. Continue reading to learn how small, informed improvements across multiple operators in a precinct can bring about gains in the millions for your precinct. 

The 10 Principles of Maximising Food Sales in Retail Centres

The 10 Principles of Maximising Food Sales in Retail Centres

With the arrival of the new financial year comes a time to consider how the next year will pan out for your business. Whether you’re a developer or single operator, how will you continue to increase business growth and maintain asset value in this highly competitive and growing industry that is hospitality? With retails majors such as David Jones announcing their $100million investment into the food sector, it’s no doubt that businesses are all grabbing for a slice of the ‘food and beverage’ pie. Future Food has put together 10 key principles to ensure your retail centre’s food and beverage offer stays ahead for the next financial year and beyond.