With Krispy Kreme's restructuring with closures in the past year, they recently made an announcement that would discontinue the sale of their products in grocery stores and convenience stores. The popularity of their extremely sweet donuts quickly grew to intense popularity but was short lived.
From an economic standpoint, the problem for Krispy Kreme is that it tried to do too much too fast, said Harlan Platt, professor of finance at Northeastern University. "If you have all this competition, the unique aspect of the product is diluted," said Platt. "Krispy Kreme sought to saturate the market with a unique novel product that wore out."
To read the full story, go here:
http://www.paradigmshiftpr.com/krispykreme.htm
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Here's more information about Paradigm Communications
Paradigm Communications is a full-service marketing, public relations and corporate communications firm with:
* Over 45 years of strategic communications experience
* Capabilities of a big firm with the personalized service of a small firm
* Ability to benchmark and determine ROI of your new PR efforts
Contact Paradigm Communications today to find out how you can leverage our experience and contacts to shift your company toward the future!
To receive a PDF of our new brochure, please click here.
Tuesday, September 11, 2007
A Hole in the Donut Market
Labels:
Krispy Kreme,
Northeastern University
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