Wednesday, November 10, 2010

How Panera Kept Rising Through the Recession

Here's an interesting look at Panera and their strategy. The attached story includes the following statement from Panera Executive Chairman Ronald Shaich:

"The best time to grow is in a recession. The worst time to grow is in the boom days... The classes of 2009 and 2010 will ultimately go down as some of the highest (return-on-investment) cafes we've ever built. Construction costs and real estate costs are lower, while sales volumes are higher."

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