PROMOTIES T DRUK E S S
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
1
Even voorstellen… Stefan Heule Accoung Group Manager GfK Trade marketing Accountmanagement 2 jaar GfK 5 jaar Georgia-Pacific 8 jaar GfK Accountmanagement, Trade Marketing
Shopper insights, promoties, hard-discount, internationaal
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
2
1
International Landscape
2
National Landscape
3
Promotions : the facts
4
Promotions : the challenges
1
Context of promotions International Landscape
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
5
-35 Jan-97 Apr-97 Jul-97 Oct-97 Jan-98 Apr-98 Jul-98 Oct-98 Jan-99 Apr-99 Jul-99 Oct-99 Jan-00 Apr-00 Jul-00 Oct-00 Jan-01 Apr-01 Jul-01 Oct-01 Jan-02 Apr-02 Jul-02 Oct-02 Jan-03 Apr-03 Jul-03 Oct-03 Jan-04 Apr-04 Jul-04 Oct-04 Jan-05 Apr-05 Jul-05 Oct-05 Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct 09 Jan 10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12
Lowest consumer confidence ever for Europe in late 2008, early 2009 – then some recovery – but again very low 5
0
-5
-10
-15
-20
-25
-30
Bank/ Financial crisis
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
Euro crisis
6
Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11
Unemployment Rate: Still High All Over Europe (10.4%) But Netherlands with 5% still the Lowest!
25
%
20
15
10
5
Source: Eurostat
Source: © GfK 2012Eurostat | Promodruk of promostress TMA | Mei 2012 7
Renewed inflation led to volume stability in 2011, modest growth is expected in 2012. 10 8 6
W. Europe Food inflation
4
2
Volume Yr ago % 0 Change
-2
Global
W. Europe
-4 -6 -8 Source Europanel based on monthly trends on hundreds of FMCG categories in 13 countries: France, Germany, Italy, NL, Spain, UK, Poland, Russia, Brazil, Mexico, China, Japan, USA
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
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But value growth continues
14 12
W. Europe Food inflation
Global
10
8 Value 6 Yr ago % Change 4
2
0
W. Europe
-2 -4 Source Europanel based on monthly trends on hundreds of FMCG categories in 13 countries: France, Germany, Italy, NL, Spain, UK, Poland, Russia, Brazil, Mexico, China, Japan, USA
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Growth in FMCG value continues in most markets Big differences between developed and developing countries
30 25
2008
2009
2010
2011
20 15
10 5
Value % change 0 -5
Source Europanel based on 4 weekly/monthly trends on hundreds of FMCG categories in each country.
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Western Europe – Private Label value shares Inflation impetus liking, uncertainty more growth
33 32
PL share Food Inflation
15
13 11
31 9 30
7
29
5 3
28
Private Label Value Shares Western Europe
1 27
-1
26
-3 Q1 06Q2 06Q3 06Q4 06Q1 07Q2 07Q3 07Q4 07Q1 08Q2 08Q3 08Q4 08Q1 09Q2 09Q3 09Q4 09Q1 10Q2 10Q3 10Q4 10Q1 11Q2 11Q3 11Q4 11
Source Europanel consumer index – 10 countries
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Brand vs PL price levels ; trends vary but changes are small
Brands % Price Premium vs PL
2007
92
2008
2009
2011
93 79
76 68 57
Germany
75
56
56
53
47
46
France
2010
Italy
NL
Spain
UK
Source Europanel based on monthly trends on hundreds of FMCG categories in each country. Prices are weighted by category value and indexed against PL price in January 2007. Excludes categories with n o PL
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
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FMCG Shopping Frequency – W. Europe (11 countries) …. fewer opportunities to get to consumers to impulse buy but reduction in 2011 more modest 110
100
90
80
70
60
50
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Consumer confidence, inflation, PL development, shopping frequency all influence the promotional landscape. © GfK 2012 | Promodruk of promostress TMA | Mei 2012
15
Promotions still generally increasing in importance We are still telling more consumers that price is important! Storm from the west (UK) pushes promo-pressure !
40 35
2008
2009
2010
2011
33 33 30
30
28
25 20
23 17 18 18 17
15
15
17
24 25 25
18 19
16 17
17
19 19 18
14 12
10
5 0 France
Germany
Italy
NL
Spain
UK
Percent of Total FMCG Sales (volume in Italy) sold on promotion Sources: IRI, GfK, Kantar
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Power to the consumer : search for best price will continue.
Sinds 19 mei ook een app voor Android
© GfK 2012 | Promodruk of promostress TMA | Mei 2012 Bron: Apple.com; thenextweb.com
17
Power to the consumer : search for best price will continue.
Slide 16
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Trends in international landscape (that effect promotional buying behaviour)
Past few years hardly any volume growth that drives inflation Private label development (price level) & shopper frequency both influence buying behaviour Consumer confidence has decreased to a low level in both Europe and NL
Also digital consumers are price focussed.
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
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1
International Landscape
2
Context of promotions: National Landscape / trends
Since July Dutch consumer confidence is under pressure.
Euro crisis © GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Februari 2011
Consumentenvertrouwen < -20 Zwaar negatief Consumentenvertrouwen tussen -20 en -10 Midden negatief Consumentenvertrouwen tussen -10 en 0 Licht negatief Consumentenvertrouwen > 0 Licht positief
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Augustus 2011
Consumentenvertrouwen < -20 Zwaar negatief Consumentenvertrouwen tussen -20 en -10 Midden negatief Consumentenvertrouwen tussen -10 en 0 Licht negatief Consumentenvertrouwen > 0 Licht positief
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Maart 2012
Consumentenvertrouwen < -20 Zwaar negatief Consumentenvertrouwen tussen -20 en -10 Midden negatief Consumentenvertrouwen tussen -10 en 0 Licht negatief Consumentenvertrouwen > 0 Licht positief
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Younger People Less Pessimistic – Overall Consumer Trust Down
Total NL
18-29 years 30-39 years 40-49 years 50-64 years
65+ years
0 -12
-13
-20
-25 -31
-33
-22
-28 -35
-37
-42
-48
Aug '11
-36 -45
-52
-56
Sep '11 Okt '11
-56
source: GfK Panel Services - ConsumerScan © GfK 2012 | Promodruk of promostress TMA | Mei 2012
25
Total Food Market is recovering a bit due to stabilization of OOH and specialty stores. +1.7% Totale Consumptie 2011: € 56.5 miljard
+2.8%
+0,6% Out of Home
Supermarkten Food
2011: € 18.1miljard
2011: €27.6 miljard
+1.4% Overig assortiment Supermarkten 2010: €4.6 miljard
Source: FSIN and GfK © GfK 2012 | Promodruk of promostress TMA | Mei 2012
+0.1% Speciaalzaken/markt/ overige retail 2011: € 10.7 miljard
Also includes Internet sales
TOTALE SUPERMARKT Omzet 2011: € 32.2 miljard 26
However long term trend from Specialty stores is rather negative.
60
86%
% buying HH
50.9
50
Index penetration 2011 vs 2006
76% 43.9
67%
40.8
40
35.7 31.1
30 23.8
76% 76%
20.2
20
2006 2011
15.3
16.2
12.3
10
0
Bakker
Slager
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
Groentewinkel
Viswinkel
Kaasspeciaalzaak 27
Supermarket turnover increased by 2.6% in 2011 to 32.2 billion. This is almost completely driven by price increases.
Historie Supermarktomzetten (€)
* 31.7
+0.2%
+3.9%
+4.0%
+6.2%
+3.4%
+1.2%
+2.6%
+1.0%
+0.2%
* +5.4%
Historie bedrag per kassabon (€)
* € 21.91
+0.2%
+4.3%
+2.7%
+4.4%
+0.2% * +0.3%
* 2009 o.b.v. 53 weken © GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Bron: GfK Supermarktkengetallen week 4 2012
GfK Forecast 2012. Also in 2012 limited growth is expected. Promopressure 17.0% 2011: 2010: 2009: 2008:
17.0% 16.5% 14.7% 11.6%
2011: 2010: 2009: 2008:
+2.0% +0.6% +2.6% +5.5%
2011: 2010: 2009: 2008:
Trade growth +2.5%
€ Value growth +2.0%
Volume
-0.1% +0.8% +1.6% +0.5%
2011: 2010: 2009: 2008:
+1.0%
-1.1% +1.2% -0.8% -0.6%
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
Volume per trip 0%
Source N=6000 GfK NL ConsumerScan, , (Attention: 2009 excl 53 wekeneffect +1,6%)
2011: 2010: 2009: 2008:
+2.6% +1.2% +3.4% +6.2%
# Households +0.5%
Price increases +1.0%
2011: 2010: 2009: 2008:
+0.6% +0.6% +0.8% +0.6%
2011: 2010: 2009: 2008:
+2.1% -0.2% +1.0% +5.0%
Shopping trips +1.0%
2011: 2010: 2009: 2008:
+1.0% - 0.4% +2.4% +1.1% 29
Over the last year many categories have shown growth in value, but only few have grown in volume. Base: Supermarkets 110.0
kaas
105.0 frisdranken
zoutjes/chips/st./extr./kroepoek vis/schaal- en schelpdieren
vlees melk en karnemelk
pinda's/nootjes/zoutjes/onderl.
gevogelte + wild
maaltijden en pizza's
chocolade
keukenrol/toiletpapier/tissues
vleeswaren
brood
suikerwerk
wijn + apperitieven rijst + deegwaren
100.0
totaal zuivel k&b incl verantw. tussend. yoghurt + zuiveldranken
bier koffiemelk-room & creamers
Value (abs.) index 2011 versus 2010
geel- en witvetten
95.0 94.0
95.0
96.0
97.0
98.0
99.0
100.0
101.0
102.0
103.0
Volume (abs.) index 2011 versus 2010
© GfK 2012 | Promodruk of promostress TMA | Mei 2012 30 Note: “Dierenvoeding” (index Volume: 92.1, index Value: 95.6) and “Koffie + thee” (index Volume: 97.0, index Value: 116.3) are not included in this grap
Jumbo has increased it‟s service and price perception in 2011 and surpassed AH again. Most retailers want to move on axis of price positioning.Development of Lidl is remarkable Relatief voordelig
Ontwikkeling Kerst/Zomerrapporten
„03
„03
„K11
„03 „K09
„K10 „K09
„03 „03
„K10 „K11
Relatief lage servicegraad
„K11
„K09
„K09 „K11 „K10 „K09 „K11 „K10
„K11 „K10 Relatief hoge servicegraad „K09
„K10
„K09
„06 „K10 „K09 „K11 „03 „K11
„K10 „03
„K09 „K11 © GfK 2012 | Promodruk of promostress TMA | Mei 2012
„K10
Relatief onvoordelig
„03
31
Trends in national landscape (that effect promotional buying behaviour)
Dutch FMCG market shows a moderate growth of 2.6%, also in 2012 a limited growth of 2.5% is expected. Just a limited categories show volumegrowth.
Lidl is growing towards service retailers. All target groups are affected by decreasing confidence, but the elderly people are the most negative (while these are thé promo buyers).
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
32
1
International Landscape
2
National Landscape
3
The facts of promotions
Promotional pressure developed according to the 2010 trend, but increased somewhat in the second half of 2011. Steeds meer thema promoties 20 18
16 14 12 10
2009 2010
8
2011
6
P1
P2
P3
P4
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
P5
P6
P7
P8
P9
P10
P11
P12
P13
Promotiedruk (€), gemeten obv. uitingen in landelijke folder
34
Supermarket turnover grows, mainly due to a large increase in promo turnover, but non promo turnover grows as well!
Supermarket turnover - promo and non promo 2010
2011
Growth-index 2010-2011
Total turnover (x mln)
€ 31.414
€ 32.232
+2.6%
% Promo-turnover
16.4% =(€5.160)
17.0% =(€5.466)
+5.9%
% Non Promo-turnover
83.6% =(€26.254)
83.0% =(€26.766)
+2.0%
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
35
Strong increases in promo pressure for milk and buttermilk, fish, vegetables, potatoes, bread and coffee, strong decreases for salads and meat. % Promo-turnover (Supermarkets)
Totaal Supermarkten
2010
2011
Growth-index 2011 2010
16.4
17.0
103
44.5 33.2 26.5 31.0 22.6 21.5 19.6
43.2 34.0 28.4 31.8 22.9 21.8 19.3
97 102 107 103 101 102 99
26.4 26.4 21.9 15.4 13.5 12.2 11.3 11.4 12.6 14.1 1.0
25.5 25.2 26.8 16.1 12.9 13.7 10.0 12.4 11.6 15.3 1.6
97 95 123 105 95 112 88 109 92 108 162
KRUIDENIERSWAREN: wasmiddelen luiers koffie bier zoutjes/chips/st./extr./kroepoek frisdranken wijn VERS: gevogelte + wild vlees vis/schaal- en schelpdieren fruit kaas groenten salades aardappelen vleeswaren brood melk en karnemelk © GfK 2012 | Promodruk of promostress TMA | Mei 2012
36
Almost all retailers did increase their promotional pressure, except for Jumbo (changed in 2012) and Aldi.
Promo-aandeel food 2009 Promo-aandeel food 2010 Promo-aandeel food 2011
24.0
24.4
25.6
23.8 24.4
22.8
23.2
22.5
20.7
20.1
19.7 16.4
17.0
19.0 17.0
16.7
14.6
16.9
13.9 10.7
5.5 5.7
SM
AH
SdB
Aldi
5.2
7.4 6.9
6.3
Lidl
DC
Plus
6.0
Jumbo
C1000
Supermarkt
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
Promotiedruk (€), gemeten obv. uitingen in landelijke folder
37
Promopressure in Drug increases faster than in Supermarkets. 36.1
32.8
30.5
29.4
26.7
16.3 17.0
35.2
19.2 20.7
SM
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
AH
Drogisterijen
Kruidvat
Etos
Promotiedruk (€), gemeten obv. uitingen in landelijke folder
38
44% of Drogmetica sales in Drug is sold in promotion. Fresh creates the difference between Drug and Supermarkets.
55.0 50.0 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
Drogmetica
Kruidenierswaren
Vers
50.7
48.8
44.0 33.7 27.0
16.116.8
21.8
21.5 19.2 18.6
15.9
16.8 12.7
8.8
1.7
SM
AH
Lidl
Drug
3.2
Kruidvat
0.0
Etos
Mat Q1 2012
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
Promotiedruk (€), gemeten obv. uitingen in landelijke folder
39
All shopper profiles contribute to the growth in promo turnover, singles are less addicted. Pensioners (A-brand lovers) buy relatively strong in promotion. % Promo-turnover (Supermarkets + Drug) 2010
2011
Growth-index 2011 2010
Total Netherlands
16.4%
17.0%
103
Young singles (< 40 years)
15.0%
15.8%
106
Double income, no kids
16.1%
16.8%
105
Households with kids, low income
16.3%
16.5%
101
Households with kids, high income
16.6%
17.0%
102
Wage earners (2P)
16.9%
17.2%
102
Singles (40 – 65 years)
15.4%
16.4%
107
Pensioners, low income
16.9%
17.4%
103
Pensioners, high income
17.1%
17.9%
105
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
40
Biggest consumers show highest promopressure . 160
18.00% 140
17.6%
140 120 120 100
17.2%
110 17.1% 100 16.80%
16.6%
16.7%
17.50%
104
99 16.6% 81
17.00% 16.50%
16.1% 70
80
16.00%
60
52 15.9%
40
Omzetbelang 15.50%
20
15.00%
0
14.50%
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
Promodruk %
41
Theory of “Sales Promotion Bump”
Sales Bump (uplift) Time © GfK 2012 | Promodruk of promostress TMA | Mei 2012
(Bron:Van Heerde en Neslin, 2008) 42
Growth effects (of the market) are both good for retailer and manufacturer. Timing effects only contribute to consumers.
Sales Promotion Bump (100%)
Growth Effects (33%)
Switch Effects (33%)
Timing Effects (33%)
(Bron:Van Heerde en Neslin, 2008) © GfK 2012 | Promodruk of promostress TMA | Mei 2012
43
Not all switch effects contribute the same !
Retailer perspective
Switch Effects Supplier perspective
CANNIBALIZATION
BRAND SWITCH
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
CATEGORY SWITCH
STORE SWITCH
(Bron:Van Heerde en Neslin, 2008)
44
Gezamenlijk doel en gelijke strijd ?
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
45
Significant contribution of promotions ?
Good for the brand ?
Good for the retailer ? (category growth / store traffic )
Sponsoring buyers / create addicted shoppers ?
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
46
What‟s the contribution of promotions for brands?
Other brands
Other brands
PROMO
Brand in promo
Brand at R-price
Brand at R-price
Other brands
Other brands
Brand at R-price
Brand at R-price Brand in promo Other brands
Brand at R-price Brand in promo Other brands
Brand at R-price Brand in promo Other brands
Brand in promo Other brands
Fast Euro
Brand in promo Other brands
Brand in promo
Defended market share
Brand in promo
Brand at R-price
Brand at R-price
PROMO
Other brands
Brand in promo
Other brands
PROMO
Brand in promo
Brand at R-price
PROMO
Brand at R-price
PROMO
Brand in promo
Brand erosion
Brand at R-price Brand in promo
Brand at R-price
Other brands
PROMO
Brand at R-price
PROMO
Loyalty bonus
Brand investment
Brand at R-price Brand in promo Other brands
Brand in promo Other brands
Definitions: R-price=regular price © GfK 2012 | Promodruk of promostress TMA | Mei 2012
47
Promo*Evaluator effects
… win sustainable new buyers?
34.8
… waste money?
14.5
… defend market share?
18.1
Loyalty bonus for regular buyers
Defended market share
Fast Euro
… win short term buyers from the competition?
20.2
… harm the brand?
12.5
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
Brand investment
Brand erosion
48
In general promotions lead to more brand erosion than brand investment. Large part is short time win from competiton
Brand A
Brand B
Brand C
Brand D n= 2018
n=1709
n= 1150
n= 2634
22.8
21.0
17.9
Brand E n= 679
14.3 24.5 3.0 2.5
14.9 27.4
16.7
4.3 6.1
1.8
12.8
Brand Investment Loyalty Bonus
3.5
63.5 41.8
25.6
Purchase acts in %
48.0
28.3
Defended Market Share Fast Euro Brand Erosion
20.7
23.1
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
21.8
16.7
17.1
49
Do promotions lead to store traffic ? Store traffic Wasmiddel National Brand: 2 halen 1 betalen
Bier National Brand Krat: Voor- of Achterpagina
Frisdranken National Brand: Voorpagina
Vlees Rundergehakt: Korting 30%
0%
+ 5,2%
+ 2,6%
+ 5.7%
Themaweken Succesvolle themaweken: Hamsterweken, Toeterweken, Euroweken
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
+ 3.4%
50
Promotional behavior: level of addiction to promotions
Deal – to – Deal buyers (Buy >60% in promotion) Intermediate promo buyers (Buy > 15 – 60% in promotion) Rare-promo buyers (Buy <15% in promotion) Occasional buyers (< 3 occasions per year)
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
51
Overall A brand shoppers are quite addicted to promotions Promotion Behavior – Level of addiction to promotions
A-Brands 100%
10.9%
Deal – to – Deal buyers (Buy >60% in promotion)
29.6%
11.6%
36.3%
Intermediate promo buyers (Buy > 15 – 60% in promotion)
25% Rare-promo buyers (Buy <15% in promotion)
51.0% 36.2%
23.1%
11.1%
4.8%
3.9%
26.6%
26.0%
67.4%
68.8%
39.2%
54.7%
37.6%
55.6%
51.3%
3.4%
4.2%
1.2%
1.3%
Suikerwerk 2011
Kaas 2010
Kaas 2011
25.4% 37.6%
33.0%
0.4%
0.6%
11.0%
0% Wasmiddel 2010
5.2%
25.9%
75%
50%
4.7%
Wasmiddel 2011
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
Niet Niet Suikerwerk Alcoholische Alcoholische 2010 Dranken 2010 Dranken 2011
52
The role of promotions is less relevant for Private Label buyers. Promotion Behavior – Level of addiction to promotions
Private Label 100%
9.4% Deal – to – Deal buyers (Buy >60% in promotion)
75%
Intermediate promo buyers (Buy > 15 – 60% in promotion)
50%
10.5%
19.2%
19.3%
63.6%
61.5%
7.8%
8.7%
1.8% 13.2%
1.2% 12.2%
84.8%
86.2%
0.3%
0.4%
3.3%
3.9%
2.4%
2.3%
16.6%
16.8%
23.3%
22.3%
77.4%
76.4%
72.9%
74.3%
2.6%
2.9%
1.4%
1.2%
Suikerwerk 2011
Kaas 2010
Kaas 2011
25% Rare-promo buyers (Buy <15% in promotion)
0%
Wasmiddel 2010
Wasmiddel Niet Niet Suikerwerk 2011 Alcoholische Alcoholische 2010 Dranken 2010 Dranken 2011
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
53
Summary Promotions
Promopressure further increases to 17% (at almost all retailers) ! Prognose GfK: 20% in 2015
Promotional goalsettings differ (manufacturer and retailer) Brand versus category en store effecten
Limited # of promotions lead to Store Traffic
Promotional effects differ per targetgroup.
A-brand shoppers are more addicted to promotions
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
54
1
International Landscape
2
National Landscape
3
Promotions : the facts
4
Promotions : the challenges
Promotiedruk of promotiestress : de context bepaalt de waarde
Lange termijn vs korte termijn Marktaandeel vs. shopper vs. ROI Merkkracht Kopersbereik Rol op categorie niveau ?
Marketing, verkoop, productie of Finance Competitive field PL aandeel
Impuls of routine?
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
Budget overige mix Meer, meer, meer ? 56
Take-aways
Promoties hebben een lerend effect : shoppers stellen aankopen uit , afgestemd op nieuwe / volgende promoties
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Door groei in promotiedruk verschuift het referentiekader van prijs / waarde voor de categorie, waardoor merken meer uitwisselbaar worden.
COMPETITIVE ADVANTAGE
Value
BRAND
SHORT TERM LONG TERM
COMPETITIVE DISADVANTAGE
Price © GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Door groei in promotiedruk verschuift het referentiekader van prijs / waarde voor de categorie, waardoor merken meer uitwisselbaar worden.
COMPETITIVE ADVANTAGE
Value value
BRAND
COMPETITIVE DISADVANTAGE
Price © GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Take-aways
Promoties hebben een lerend effect : shoppers stellen aankopen uit , afgestemd op nieuwe / volgende promoties Promoties hebben als doel switching gedrag te stimuleren/versterken. De merkentrouw neemt op langere termijn af (= brand erosion).
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Promo*Evaluator Qualitative evaluation of the promotion effect via pre-/post- purchase acts
Other brands
Other brands
PROMO
Brand in promo
Brand at R-price
Brand at R-price
Other brands
Other brands
Brand at R-price
Brand at R-price Brand in promo Other brands
Brand at R-price Brand in promo Other brands
Brand at R-price Brand in promo Other brands
Brand in promo Other brands
Fast Euro
Brand in promo Other brands
Brand in promo
Defended market share
Brand in promo
Brand at R-price
Brand at R-price
PROMO
Other brands
Brand in promo
Other brands
PROMO
Brand in promo
Brand at R-price
PROMO
Brand at R-price
PROMO
Brand in promo
Brand erosion
Brand at R-price Brand in promo
Brand at R-price
Other brands
PROMO
Brand at R-price
PROMO
Loyalty bonus
Brand investment
Brand at R-price Brand in promo Other brands
Brand in promo Other brands
Definitions: R-price=regular price © GfK 2012 | Promodruk of promostress TMA | Mei 2012
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Over time negative development of Brand Investment, Brand Erosion grows.
2008 Brand
2009 Brand
2010 Brand
n= 803
n= 1165
n= 1150
21.9
21.3
21.0
17.3
16.3
14.9
7.3
11.0
12.8
Purchase acts in % Brand Investment Loyalty Bonus
32.2
29.3
28.3
Defended Market Share Fast Euro Brand Erosion
21.3
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
N = 6000
22.0
23.1
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Take-aways
Promoties hebben een lerend effect : shoppers stellen aankopen uit , afgestemd op nieuwe / volgende promoties Promoties hebben als doel switching gedrag te stimuleren/versterken. De merkentrouw neemt op langere termijn af (= brand erosion). Prisoner‟s dilemma : teruggang in promotie betekent veelal verlies van volume (ook zonder promo zijn oude gewoonten niet zomaar hersteld).
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Reduceren promoties leidt niet tot herstel non-promo volume
94.5
5.5
Terugkeer non promoted volume Volume naar aanpalende marktsegmenten Reductie van promoties: Leidt tot daling van marktsegmenten in open battlefields, maar slechts zeer beperkt tot groei van non-promoted verkopen. © GfK 2012 | Promodruk of promostress TMA | Mei 2012
Bron: 2011 Roland Berger & GfK : 150 cat‟s 64
Take-aways
Promoties hebben een lerend effect : shoppers stellen aankopen uit , afgestemd op nieuwe / volgende promoties Promoties hebben als doel switching gedrag te stimuleren/versterken. De merkentrouw neemt op langere termijn af (= brand erosion). Prisoner‟s dilemma : teruggang in promotie betekent veelal verlies van volume (maar ook zonder promoties zijn oude gewoonten niet zomaar hersteld).
Zorg dat (promotie) druk geen stress wordt : weet wat een promotie “doet” voor jouw merk, voor de retailer , voor de categorie.
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1.
Kijk zorgvuldig naar de promotiedoelstelling Volume/Marktaandeel
© GfK 2012 | Promodruk of promostress TMA | Mei 2012
vs.
Winstgevendheid
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2.
Weet wat de echte effecten zijn van uw promoties
…en probeer de handelspartners daar in mee te nemen © GfK 2012 | Promodruk of promostress TMA | Mei 2012
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3.
Ontwikkel een (fact based) categorieVISIE op promoties …
…en probeer de handelspartners daar in mee te nemen © GfK 2012 | Promodruk of promostress TMA | Mei 2012
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4.
Voer ‘slimme’ wijzigingen door in de promotiekalender
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Vragen over promotiedruk ? Geen stress. Stefan Heule Account Group Manager FMCG Tel: +31-(0)162-384 389
[email protected]
Stefan Heule Account Group Manager FMCG Tel: +31-(0)162-384 389
[email protected]
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