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Domino’s was founded by Tom and James Monaghan in 1960 where their first store called
DomiNick’s opened in Michigan, USA (Domino’s, 2023). Tom then traded his car in order to
buy his brothers share in the company and renamed it to Domino’s. Their first product
introduced was called the Handmade Pan Pizza which led to 5000 stores around the world
being open that same year. In 2011, Domino’s became a three-time pizza delivery company to
be named “Chain of the Year” by Pizza Today Magazine. What differs Domino’s Pizza from
other fast food delivery companies is their ability to deliver to hotspots like beaches rather
than specific addresses (Vasani,2023).
In 2008, consumer rates decreased significantly due to an employee abusing the dough used
to make the pizzas in an unsanitary manner (Mittal, 2019). In response to this, Domino’s
began to take advantage of innovation technology by creating new lines of pizza, different
toppings, and desserts to order alongside a pizza.
As Pizza Hut is one of Domino’s top competitors as they both operate in the same segment,
specialising in take-out and delivery services with multiple stores around the world, in 2016
Pizza Hut was ranked the leading pizza company globally (Basin, 2023). However, in 2021,
42% of sales in the pizza industry went to Domino’s, outstripping its competitors, Pizza Hut
and Papa Johns (Perri, 2022) (see appendix A). Globally, Domino’s had retail sales of over
$4.2bn whereas Pizza Hut was approximately $1.71bn. To maintain competitiveness,
Dominos introduced a new strategy in 2009, which was the introduction of the American
Legend line of pizzas.
https://ir.dominos.com/news-releases/news-release-details/dominos-pizzar-announces-
second-quarter-2023-financial-results
APPENDIX
Appendix A
Reference list
https://secondmeasure.com/datapoints/dominos-nyse-dpz-growth-strategy-qsr-pizza-chain-
market-share/
https://www.marketing91.com/dominos-pizza-competitors/
UKEssays (2018 )“Dominos Pizza: Strategic Analysis and Recommendations”. Available at:
https://www.ukessays.com/essays/business/strategic-analysis-and-recommendations-for-
dominos-pizza-business-essay.php?vref=1 [Accessed 2 December 2023]
The Brand Hopper (2023) “Marketing Strategies, Mix And STP Of Domino’s Pizza”
Available at: https://thebrandhopper.com/2023/07/05/marketing-strategies-marketing-mix-
and-stp-of-dominos-pizza/ [Accessed 2 /dec 2023]
Rishoo Mittal (2019) “Domino’s Pizza Inc. Strategies” Available at:
https://www.theverge.com/2023/6/20/23767051/dominos-pizza-pinpoint-delivery-google-
maps [Accessed 2/ Dec 2023]