Thursday, February 28, 2008
Potato Lover Display Contest
This article, IPC Set Potato Lover Display Contest, was found in the Progressive Grocer, a publication of strategic management, I'm assuming for grocery stores and their business. This article talks about the Idaho Potato Commission's annual retail display contest which is occuring now, in the month of February because February is Potato Lover's Month! This will be the 17th year they have done it and it seems like a successful promotion for the brand. This contest gives potato lovers the opportunity to make an attention getting retail display for Idaho Potatoes, KRAFT cheez whiz and Oscar Mayer Real Bacon Bits. This is the 4th year of teaming with KRAFT and Oscar Mayer, which is a smart integration of 3 reliable and well known brands. What goes better with a baked potato, than cheese and bacon bits? I can't think of anything, so this 3 brand promotion is a smart way to gain customers and share them between the three brands. Also these brands are not in the same food market where they could be competitors, so the decision to team up together seems like it can only benefit each company.
There is also a benefit for the consumers to enter the contest, a cash prize and a swiss army watch valued at $115. You can sign up and learn more information at their website, idahopotato.com. This is a cool contest because everyone that enters is rewarded, and that is rare in the contest world. This promotion does require some more effort than most, but the reward is worth it, if you are willing to participate. Another aspect of this promotion is that the contestants have to display their promotional materials in an approved store throughout the month. Then they mail in a 360 degree view of their display and then see if they won. If you won 1st-5th prize then the store you displayed your idea in also wins a top prize. This is a really positive aspect of this promotion because giving the grocery store some recognition is a good way to encourage a positive relationship with the store and you're product may be featured more frequently.
While this promotion requires a little more from it's contestants, I think that it is a good way for maybe a marketing student to try out their ideas and practice in a real world situation, as well as a fun hobby for potato lovers to indulge in. Also the promotion is on it's 17th year, showing that it is really successful and raises knowledge of the products involved. The article also mentions that the promotion increases sales for the locations that house one of these displays. I like that brands are teaming up for an occasion like Potato Lovers Month, and people are participating for the 17th year because this promotion is not malicious or really competitive it seems like just a fun contest, where people win cash for participating and trying their best.
Progressive Grocer, January 8, 2008. February 28, 2008. <progressivegrocer.com>
Tuesday, February 26, 2008
Dunkin' Donuts tries to snag Starbucks customers
This piece, Dunkin' Donuts tries to snag Starbucks customers, was written by Keiko Morris on February 25, 2008. The promotion set to happen today the 26th between 1pm and 10pm at Dunkin' Donuts headlines their espresso drinks, giving them out for only 99 cents each. This promotion is supposedly in response to the coffee chain winning first place in Brand Keys' Annual Customer Loyalty Engagement Index, however another event also occurring today leads to some speculation if this is the real reason for such a promotion. The other occurrence is the coffee chain Starbucks closing their doors early for employee training.
The chain plans to close nearly all of the 7,100 locations nationwide for employee training, as well as to enhance the true Starbucks experience, which can not happen unless all employees are educated in exactly what that is. While Starbucks is aware of Dunkin' Donuts' promotion, they are not worried about losing loyal customers, "We are confident that our customers will understand this and that this is an investment in their experience through better quality beverages and services," a Starbucks' spokeswoman commented.
While Starbucks takes the stand that they are closing for the good of the consumer, Dunkin' Donuts is taking the stand that no one should be denied specialty beverages during these hours. While a sneaky approach, Dunkin' Donuts will definitely attract some "promotion seekers," people out there who love anything free or on a good sale, however I do not think they will gain any loyal business from it. If I was loyal to Starbucks for my coffee in the morning, a 99 cent latte from Dunkin' Donuts would not change my loyalty. However, the promotion does seem like a good way to gain some word of mouth discussion and new business for today.
The article continues on talking about how Starbucks has been wanting to reinvigorate themselves for a little while and these hours off is meant for employees to master techniques as well as closing some unproductive stores. More than just employee training session, this seems like a quick break for Starbucks to get it's bearings to attack the market head on. They want to be number one in the market again, and this seems like the start of their serious effort to get there. This is a very current topic, and I am interested in seeing how the 99 cent espresso drinks aids Dunkin' Donuts, as well as what changes Starbucks made in attempt to reinvigorate itself.
Saturday, February 23, 2008
Coupons are Everywhere
Friday, February 22, 2008
Community Jackpot at HorseShoe Casino
Thursday, February 14, 2008
Free The Fun with Tostitos Tortilla Chips
Monday, February 11, 2008
Marketers go for Super Contests
Friday, February 8, 2008
Tide Giving Away Ugly Ipods
Proctor and Gamble, a well known corporation who owns the Tide detergent brand, spent millions of dollars on a commercial that aired during the Super Bowl this past Sunday. The commercial featured Tide's latest product, the Tide To Go stick. The commercial went for the humor approach having a man, with a large stain, in an interview type situation and every time the man said anything the stain proceeded to yell gibberish over him, the commercial ended with the tag-line reading something like "don't let you stains speak for you, use Tide to Go." From what I've heard people found the commercial relatively funny, and a lot of people already use the tide stick and enjoy its benefits.
Wednesday, February 6, 2008
Sweet Godiva Suite Choco-Full of Treats
This article, Sweet Godiva Suite Choco-Full of Treats, was featured in the New York Daily News on January 30, 2008. The write up features a promotion that Godiva Chocolatiers does every year for Valentine's Day. This year in particular, Godiva is taking their yearly promotion to the next level, giving away a night's stay for two in a suite at the Bryant Park Hotel in New York City. This suite is not just any suite though, this suite is being specially designed at the Bryant Park Hotel in honor of this promotion and practically everything in the room will be adorned with chocolates. For a chocolate company, Valentine's Day is a big one and this is an opportunity for the biggest chocolate lovers to experience their dream hotel suite.