The Frozen Yogurt Craze Is Slowing Down
Shutterstock
But the trend is starting to slow down, and chains are trying other options, writes Venessa Wang at Bloomberg Businessweek.
"Frozen yogurt is a competitive business. There are a lot of players out there, and despite its growth, supply has outpaced demand," says Red Mango founder Dan Kim told Businessweek.
To boost sales, Red Mango is trying to capitalize on another trend-juicing. The brand's juices include ingredients like carrots, ginger, kale, and cucumbers.
Kim told Businessweek that the juices are selling surprisingly well.
Meanwhile, Red Mango rival Pinkberry announced a new cookie dessert earlier this year.
The frozen yogurt business is appealing because of high profit margins.
CBS New York pointed out last year that yogurt selling for 59 cents an ounce costs less than a dime to produce. There's a 500% markup on a 10-ounce serving even when you factor in the expense of cups and spoons.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market