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Business Wars Daily

“Timbiebs” Pulled Tim Horton’s Out of a Sales Slump

Business Wars Daily

Audible

Business, Business News, News, Daily News

4.6717 Ratings

🗓️ 24 February 2022

⏱️ 5 minutes

🧾️ Download transcript

Summary

Today is Thursday, February 24, and we're looking at Tim Horton's vs. Dunkin'. 

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Transcript

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0:00.0

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0:04.8

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0:49.2

Thank you. From Wondry, I'm David Brown, and this is Business Wars Daily on this Thursday, February 24th.

1:07.0

Late in 2020, Canadian coffee and donut chain Tim Hortons was in a slump.

1:12.4

The bulk of the chain's locations are in Canada, which had more stringent lockdown protocols than the U.S.,

1:17.8

and coffee and donuts are tied more to daily routines, which were most impacted by COVID, according to the Toronto Star.

1:24.6

All that meant sales in the fourth quarter of 2020 were down 11% and things

1:28.8

looked bleak for Tim's. That is, until this guy stepped in.

1:33.0

I was like, baby, baby, baby, baby, baby, no, like... Yes, that is pop royalty and international

1:43.3

superstar Justin Bieber, who, by the way, is Canadian.

1:47.2

Last year, Tim Horton's partnered with the star to revamp their sluggish sales by releasing limited edition Timbits.

1:53.3

Those are donut holes in the singer's favorite flavors.

1:56.4

Now all we need is a name.

...

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