ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Skechers' Food Spot has customers lining up around the block: 'beautiful concept'

Skechers, the warehouse shoe company, now offers California customers an option to eat while shopping with the addition of an outdoor eatery in Gardena.

Skechers could soon be known for more than just its shoes as a store in California opened up its own Costco-like concession stand — and people love it.

The warehouse shoe company’s "Food Spot," located at a store in Gardena, is an outdoor, elevated eatery that has customers lining up around the building for those wanting to take a break from their shopping. It offers hotdogs, burgers, churros and even pizza, among other items.

The design of its simple menu and blue-and-red palette quickly garnered comparisons to Costco’s popular food court.

According to KTLA, the food is "a bit tastier and a touch more expensive [than Costco’s], but one that doesn’t require a membership to eat there." Food items include all-beef hot dogs for $2.50, a double smashburger for $5, pepperoni pizza slices for $3, and soft-serve sundaes for $4.

BACK-TO-SCHOOL SHOPPING EXPENSES TO REACH RECORD HIGH: SURVEY

According to SFGate, the ambitious business plan was quietly launched at a Skechers store at the corner of Vermont Avenue and West 190th Street on May 3.

The Food Spot became a reality after about 900 square feet of the store itself was renovated to accommodate the commercial kitchen. Then came the addition of veteran restaurant and food industry workers and certified management.

CREDIT CARD DEBT SURPASSES $1 TRILLION FOR AMERICANS: NY FED 

Joe Fields, senior manager of domestic retail operations for Skechers and the Food Spot, told KTLA that everything the restaurant serves is made to order, except its french fries.

Skechers CEO Michael Greenberg said the "beautiful concept" was always on his mind as now families going shoe-shopping together can also enjoy a meal at the same venue.

"Years ago we thought, wouldn’t it be great to have a food concession?" Greenberg told Eater. "I thought we could make shopping for shoes like a family outing. It does a tremendous amount of volume and has a lot of foot traffic."

"They come to visit the Food Spot, and they have to visit the shoe store. When they come to visit the store, they have to eat. All in all, it’s a beautiful concept. We’re very pleased," Greenberg added.

For Greenberg, quality was a necessity.

"First and foremost, the most important thing to me was the quality of food. Because I relate the quality of the food, it’s got to be as good as the product that we sell, whether you wear our product, or you ingest and chew our product," Greenberg told the outlet. "So it was, ‘Well can we do it right? Can I have the best fried chicken sandwich? Can I have the best double cheese smashburger? Will people drive here for the food and the experience?'"

Greenberg said this new initiative advances their business philosophy of getting customers to come back.

"The praise that we’re getting, that’s sort of like sugar on top. That’s music to our ears," he said.

Greenberg, a self-described "foodie," has invested in restaurants like Rock & Brews, the Shade Hotel, and Fresh Brothers Pizza.

He also admitted that the Food Spot’s design was inspired by Costco’s food court, although Food Spot serves Coca-Cola products while Costco offers Pepsi soft drinks.

Eater’s Matthew Kang similarly remarked that Food Spot offers food that is "affordable enough to take a chance."

CLICK HERE TO READ MORE ON FOX BUSINESS

"Locals have responded to the sneaker store’s culinary addition with enthusiasm. On a recent weekday in August, the Food Spot had a dozen people in line to order and another dozen or so waiting for their food. Almost every seat at the small outdoor dining area was taken, and most of the standing room counters were occupied too," he added.

Greenberg surmised: "It was much more about the overall experience and the atmosphere of being at that Skechers store."

Skechers was founded in 1992 and is the third-largest shoe company in the U.S. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.