Gingersnap
05-14-2010, 05:36 PM
Taco Bell's new $2 Meal Deals set new standard for fast food
Updated 8h 35m ago |
Taco Bell's new $2 combo meals include a taco or burrito, a medium soft drink and a bag of Doritos.
By Bruce Horovitz, USA TODAY
Fast food's value-menu war hits a new low today: the $2 combo meal. Taco Bell will announce plans to roll out $2 Meal Deals that include a taco or burrito, a medium soft drink and a bag of Doritos. It is the only national chain selling an entree, side dish and drink for $2 — a penny more than an iTunes video download.
"This is certainly thinking outside the bun," says Bob Sandelman, CEO of the restaurant research firm Sandelman & Associates. "I'm sure McDonald's will be watching with interest."
The restaurant industry has struggled throughout the recession and recovery to respond to consumer demands for cheap eats. Pizza Hut is selling $10 any-size pizzas. T.G.I. Friday's briefly offered $5 sandwiches last year. Denny's recently rolled out $4 all-you-can eat pancakes.
Taco Bell's $2 combo meals lower the bar for McDonald's Dollar Menu, where three items cost $3.
"If we just tossed a pebble into the pond, the ripple wouldn't find its way to shore," explains Greg Creed, president of Taco Bell. "We're throwing a boulder into the pond. This will be a disrupter in the marketplace."
Shades of 'Demolition Man'! The fast food wars, they have begun. :eek:
USA Today (http://www.usatoday.com/money/industries/food/2010-05-14-tacobell14_ST_N.htm)
Updated 8h 35m ago |
Taco Bell's new $2 combo meals include a taco or burrito, a medium soft drink and a bag of Doritos.
By Bruce Horovitz, USA TODAY
Fast food's value-menu war hits a new low today: the $2 combo meal. Taco Bell will announce plans to roll out $2 Meal Deals that include a taco or burrito, a medium soft drink and a bag of Doritos. It is the only national chain selling an entree, side dish and drink for $2 — a penny more than an iTunes video download.
"This is certainly thinking outside the bun," says Bob Sandelman, CEO of the restaurant research firm Sandelman & Associates. "I'm sure McDonald's will be watching with interest."
The restaurant industry has struggled throughout the recession and recovery to respond to consumer demands for cheap eats. Pizza Hut is selling $10 any-size pizzas. T.G.I. Friday's briefly offered $5 sandwiches last year. Denny's recently rolled out $4 all-you-can eat pancakes.
Taco Bell's $2 combo meals lower the bar for McDonald's Dollar Menu, where three items cost $3.
"If we just tossed a pebble into the pond, the ripple wouldn't find its way to shore," explains Greg Creed, president of Taco Bell. "We're throwing a boulder into the pond. This will be a disrupter in the marketplace."
Shades of 'Demolition Man'! The fast food wars, they have begun. :eek:
USA Today (http://www.usatoday.com/money/industries/food/2010-05-14-tacobell14_ST_N.htm)