Challenges in maintaining the momentum of a successful launch Steve Challouma Category Director 19th October 2011 We love our Fish! • One of the healthiest foods known to man • In home consumption of Fish and Chips now almost twice as big as takeaway • 3.1bn Fish occasion’s a year – half are frozen • For ¾ of us our first taste of Fish is a Fish Finger • 20 Birds Eye Fish Fingers are eaten every second in the UK 29 July 2017 2 Opportunity: Whilst the biggest brand, the business was dominated by ‘Prepared’ Fish Leading Brand in Frozen & Fish Famous Kids & Family businesses But no foothold in Natural Fish sector £85m sector (pre BTP launch) BE = #1 Fish Brand in Frozen £144m Coated Seafood Others Fish Fingers Naked 29 July 2017 3 Source: Nielsen 52w/e Jan 09 Problem: Consumers have deep-rooted barriers to preparing natural fish I love the idea of eating more fish, but…. …it’s messy and smelly …it’s not that convenient ...I find the thought of preparing it scary …I lack the skills & know-how …I don’t know how to use it …I worry about the quality and freshness 29 July 2017 4 Source: Bluecube Research – Mar 2008 Solution: Perfectly Cooked Fish with No Fuss The Finest Fish Fillets……. ...topped with herb infused piped butter… …individually sealed in a Bake PerfectR Foil Bag to lock in Flavour Launched in a range of 5 species & flavours Salmon Haddock King Prawns Pollock Basa 29 July 2017 5 Result: A breakthrough success 18m packs sold since launch, worth over £60m Premium Pricing 85%+ 4.5m UK HH’s bought since launch 20% share of the Category 70%+ Incremental to the category Natural Fish Category grew from £85m in 2009 to £115m in 2011 29 July 2017 7 Making it one of the biggest grocery launches within the last 15 years 63 61 1st yr RSV £m 40 28 25 7 5 29 July 2017 8 to to W E 21 .0 3. 09 W E 4w 1 ks 6. 05 to .0 9 W E 4w 11 ks .0 to 7. 09 W E 4w 05 ks .0 9. to 09 W E 4w 31 ks .1 to 0. 09 W E 4w 2 ks 6. 12 to .0 9 W E 4w 20 ks .0 2. to 10 W E 4w 17 ks .0 to 4. 10 W E 4w 12 ks .0 to 6. 10 W E 4w 0 ks 7. 08 to .1 0 W E 4w 02 ks .1 to 0. 10 W E 4w 27 ks .1 1. to 10 W E 4w 22 ks .0 1. to 11 W E 4w 19 ks .0 3. to 11 W E 4w 14 ks .0 5. to 11 W E 09 .0 7. 11 4w ks 4w ks Units (000's) However, whilst the franchise has continued to grow…. TV Support 1,200 1,000 18 Unit Sales Monthly pen% 16 Cumulative Pen% 14 800 12 10 600 8 400 6 4 200 2 0 0 Source: Nielsen Scantrack + Kantar 4we to 14.05.11, Total Market 29 July 2017 9 …after 18 months the rate of new consumers coming in slowed, leading to a penetration plateau Units (000's) TV Support 1,200 18 16 Unit Sales 1,000 Monthly pen% 14 52WK Rolling Penetration Cumulative Pen% 800 12 10 600 8 400 6 4 200 2 0 to 4w ks 4w ks to W E 21 .0 3. 09 W E 4w 16 ks .0 5. to 09 W E 4w 11 ks .0 to 7. 09 W E 4w 05 ks .0 to 9. 09 W E 4w 31 ks .1 0. to 09 W E 4w 26 ks .1 to 2. 09 W E 4w 2 ks 0. 02 to .1 0 W E 4w 1 ks 7. 04 to .1 0 W E 4w 1 ks 2. 06 to .1 0 W E 4w 07 ks .0 to 8. 10 W E 4w 02 ks .1 0. to 10 W E 4w 27 ks .1 to 1. 10 W E 4w 22 ks .0 1. to 11 W E1 4w 9. ks 03 to .1 1 W E 4w 1 4. ks 05 to .1 W 1 E 09 .0 7. 11 0 Source: Nielsen Scantrack + Kantar 4we to 14.05.11, Total Market 29 July 2017 10 With a raft of new competitive launches The sincerest form of flattery… Tesco Simply Bake X 4 Apr 2011 Young’s Fishmongers Choice x2 Sep 2010 BTP Salmon, Pollock Haddock, Chilli & Basa Asda Cook in The Bag x5 March 2009 April 2010 Iceland’s Fish in Foil Tray Findus Fresher Taste Launch (2 Poultry/2 Fish) JS Bake in the Bag X 3 Mar 2011 Oct 2010 Jan 2010 Young’s Its in the Bag x4 Skus October 2009 2009 2010 2011 29 July 2017 11 Keeping your nerve in the face of competitor launches….. • Not compromising on your value proposition - protect, sustain and build the integrity of your launch • Understand comparative quality differences and protect what’s distinctive – attention to detail is key • Customer specific tracking and planning to understand the impact on your sales • Behave like a confident brand should and demonstrate thought leadership – ensure you have a pipeline of news lined up which keeps up momentum and interest • Continue to back it and prioritise in the business 29 July 2017 12 Execution is everything - not every distribution point is equal Distribution Range Space Visibility Overall Retailer A Room to increase core Strong range 1 facing Mixed Focus on merch Retailer B Core skus in full dist Opps for noncore 2 facings Central at Eye level Focus on range gaps Retailer C Core skus in high dist Opps for noncore 2 facings on biggest plan Central at Eye level Focus on range gaps - Secure & build range - Secure Haddock listing Retailer D Risk to range Risk to range Retailer E Salmon increase needed Plans to list Haddock - - Keeping very focused on retailer level execution on the range – just because the product is listed it doesn’t mean there isn’t further room to optimise 29 July 2017 13 Getting quick feedback on how the proposition is being adopted Total UK Population: 25.5m h/h Aware: 13m Unaware: 12.5m Trialled: 3.6m Not trialled: 9.4m Adopters: 0.9m Trialists: 2.7m Still a huge remaining penetration opportunity – only 20% of Category Buyers Only 25% of trialled have built it into their repertoire – buying seven times since launch But need to go beyond the data to understand they why as well as the what… 29 July 2017 14 Understanding the drivers of consumer value what is working and not working Identify the shopping and consumption levers for BTP Get a full understanding of both the consumer and the shopper truths Regular Light Lapsed Considerers Identifying triggers & barriers Unlocking BTP potential and unmet needs Who are they? Demographics and segments What do they eat/buy? Frozen naked fish? Chilled fish? What do they during they free time? Media What do they believe? Attitude to fish and frozen, etc What are their needs? How do they shop for BTP? Planned purchase? Deals? Back up or for a meal this week? What do they like about BTP and why? What they do not like about BTP and why? How does the product deliver against their expectations? Taste? Filling? Convenience? Etc. What motivates to buy BTP in store? Deals? Awareness of recipes Etc What prevent them from buying it? Visibility? Availability? Price? When do they use BTP? Meal occasion: who, type of meal, What resonates the most? Benefits, needs, comms messages What can make BTP worth paying more for? Species? recipes? 29 July 2017 15 Key Learnings from Engaging with Consumers We interviewed 1,522 consumers – regular, light & lapsed buyers Consumers don’t know when to eat BTP & what to eat it with + Consumers feel there is a lack of variety & excitement in the range = Consumers don’t see BTP as ‘special’ & worth paying more for – see it as a standby Need to help consumers…provide them with the inspiration & ideas…to get BTP into their ‘cooking repertoire’ Source: U&A research; 1,522 interviews: May ‘11 29 July 2017 16 Being prepared to alter the course… DELIBERATE STRATEGY INTENDED STRATEGY Source: Mintzberg and Waters (1985) REALIZED STRATEGY 29 July 2017 17 Being prepared to alter the course… DELIBERATE STRATEGY INTENDED STRATEGY UNREALIZED STRATEGY REALIZED STRATEGY EMERGENT STRATEGY Direct to realize intentions while at the same time respond to an unfolding pattern of action Source: Mintzberg and Waters (1985) 29 July 2017 18 Evolving the Proposition From: ‘Perfectly cooked fish with no fuss’ Bring the occasion to life Bring more variety & excitement to the range NPD NEW To: ‘delicious & exciting fish…the easy way’ PRODUCT PACKAGING COMMS 29 July 2017 19 NPD Solution: Taste Inspiration Recipes White Wine, Wholegrain Mustard & Spring Onion Olive Oil, Rosemary & Tomato 29 July 2017 20 Ongoing plan: Using NPD and refreshment to drive interest and uplift across the range 29 July 2017 21 Summary: Evolution of the Proposition Launch Concept Embed Inspiration Drive Expansion • Objective: Easy to understand concept, recipes for everybody • Objective: Drive excitement & expand recipe offerings • Objective: Build the franchise, expand the shopper base • Strategy: Effective product led advertising, traditional recipes / flavours • Strategy: Occasion led advertising, new & inspiring flavour combinations • Strategy: New product benefits, recipes based on consumer needs • Plan: Functional ad explaining BTP technology on “butter & herb” fish & prawn range • Plan: New ‘taste inspiration’ recipes and occasion-based advertising • Plan: Next generation concepts that drive the platform further 29 July 2017 23 Finally: Capture your learnings and create a robust, live ‘business model’ hypothesis that you can leverage Objective: Drive Penetration 1. Innovation & Product 2. Media Strategy & Mix 3. Communication 4. Promotions 5. Performance Tracking 6. Presence and Distribution 7. Pricing 8. Placement & Merchandising 29 July 2017 24 Providing a ‘Blueprint’ for rolling into new territories 29 July 2017 25 Summary • Expect success to be copied - but don’t let it un-nerve you or compromise your standards • Keep razor sharp focus on in-store execution • Get quick feedback to understand what’s working and not • Be prepared to evolve the proposition to get to next step change of growth • Capture and leverage your experience 29 July 2017 26
© Copyright 2025 Paperzz