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Are there any lessons in Miller Lite Sales decline that Red Stripe can learn from?

the answer is obvious. they are executing against the most ill-conceived, tone-deaf communication strategy in the history of the planet. it’s stunning that they’re decline isn’t worse.

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MillerCoors still has a Miller Lite problem, with the brand failing to emerge from its long-running slump in the second quarter.

Sales to retailers fell by “mid-single digits,” which contributed to a 2.7% sales decline across all of the brewer’s brands in the quarter, the brewer reported today. MillerCoors, a joint venture of Molson Coors and SABMiller, was still able to grow earnings by 2.6% in the quarter to nearly $400 million, thanks in part to strong cost management, the company said.

But Lite’s decline, which came at the beginning of the all-important summer beer-selling season, is an ominous trend, considering that it had shown signs of life in the first quarter, with sales to retailers only down slightly.

“Coors Light has the momentum, distributor and retailer attention, super-models, NFL coaches, celebrities and CGI effects in their commercials. Miller Lite has table top buddy spots sitting in a fake bar from the 80’s with watered down puns.

Beer consumption is diminishing as younger legal drinking age drinkers are consuming more sophisticated spirits and specialty beer brands they drink less of. Beer brands with momentum are taking from those without.

Lower price strategy isn’t smart. Once you reduce, seldom does the volume follow because distribution will be diminished by retailers who want nationally promoted brands. Price brands aren’t that, they don’t have the margins to support national messaging and once you reduce price on brand, it’s a giant mountain to climb to ever rebuild margins.

There’s little hope for product or packaging innovation or identifying new audiences and usage occasions. That leaves the messaging as the best hope.

It has to be tough having Coors Light and Miller Lite in the same agency. One has momentum, the other declining. One is vibrant with spirited messaging, the other not so hip or relevant. Would it be so wrong for Miller Lite to not be contrived and just be genuine?

Rodney Mason, CMO
www.moosylvania.com
http://twitter.com/rodmoose

More please go to

http://adage.com/article/news/miller-lite-sales-decline-analysts-point-marketing/229059/

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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