The Flint, Michigan-based QSR joint Halo Burger is helping customers beat the cold by pinning its coffee prices to the temperature.
For the month of January, Halo Burger has decided to set its coffee prices according to the outdoor temperature. This means that when the temperature outside drops to chilly digits, customers will be able to pick up their coffee for a bargain. For instance, a 40-degree day means a 40-cent coffee. According to Halo Burger's Director of Marketing Olivia Ross, the founders of the chain "used to price coffee every day according to the temperature. I immediately knew we had to bring it back."
Though the chain has noted that the price of coffee won't dip below 10 cents a cup—hopefully, Mother Nature is listening.
Temperature-Dependent Coffee Prices
Halo Burger is Pinning Its Coffee Prices to Flint Temperatures
Trend Themes
1. Temperature-dependent Pricing - Implementing temperature-dependent pricing can enhance customer experience and incentivize purchases based on weather conditions.
2. Personalized Pricing - Adopting personalized pricing strategies based on individual customer preferences can create a sense of exclusivity and increase customer loyalty.
3. Weather-based Promotions - Using weather data to offer targeted promotions and discounts can attract customers and drive sales during different weather conditions.
Industry Implications
1. Food and Beverage - Applying temperature-dependent pricing can be a disruptive innovation opportunity in the food and beverage industry, creating a unique selling point and attracting customers.
2. Retail - Implementing personalized pricing strategies can offer a competitive advantage in the retail industry by tailoring prices to each customer's preferences.
3. Hospitality - Using weather-based promotions can enable the hospitality industry to offer targeted deals and packages based on weather conditions, enhancing the overall guest experience.