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Published byJordan Martin Modified over 9 years ago
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HICO Ice Cream Sania Moazzam Sunday, November 24, 2013
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Issues with HICO Weak Positioning No association with happiness
Low quality product Unattractive packaging Weak Marketing Unaware of 100% pure & natural ingredients Nobody knows HICO exists since 1952 Do not remember any campaign
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Methodology Primary Research Qualitative Consumer Feedbacks
Retailer Interviews (6) Quantitative (64 questionnaires) Consumer Survey
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Methodology Retailer Interviews Haidery Super store Lutf Mega mart
Cakes & Bakes (DHA) Shaheen store (DHA) Shaheen General store S Mart
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Retailer Interview Questions
1. Which brands of ice creams do you keep in your store? 2. How many freezers in total do you have? 3. About how many customers buy ice cream in a day? 4. What is most preferred brand in ice cream among customers? 5. What do you think the reason of its being the most preferred brand? 6. Do customers usually prefers family packs OR bars/stick/cones? 7. Which brand gives you the best margin on sales?
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Retailer Interview Questions
8. Do you remember any of its marketing activity/campaign or ad? 9. Which factor do you think affects the most when consumer is buying Ice Cream? 10. What is the major reason of not keeping HICO in your store? 11. What type of issues you have faced regarding HICO Ice cream? 12. In your opinion how can HICO increase its market share and attract more customers? 13. What type of customer usually buys Ice Creams? 14. What is your view about HICO Ice cream
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Survey Respondents
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Research Findings
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Research Findings
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Research Findings
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Research Findings
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Research Findings
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Research Findings
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Research Findings
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Research Findings
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Research Findings
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Retailer Interview Analysis
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Haidery Super Store Lutf Mega Mart Cakes & Bakes Shaheen store Shaheen General Store S Mart BRANDS you keep in your store? Walls & Omore Walls, Omore, Hico & Yummy Walls, Omore & Hico # of freezers Two Three One Most preferred brand from customers Walls Bars/cones Walls Hico Famliy packs Bars/cones Omore Hico Family Packs Omore Best Margin Almost same Reason of being most proffered Strong advertisement Don’t know Event/ functions Price Popular, especially Cornetto & feast
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Haidery Super Store Lutf Mega Mart Cakes & Bakes Shaheen store Shaheen General Store S Mart Family packs/ stick/cones Depends on age buckets and family packs Sticks, less family packs Family packs for guests Cones & sticks for individuals View about HICO Ice cream Popularity and sales declining Good ice cream but market leader Walls Good product but not market leader Old ice cream brand Salesmen make only 1 visit in a month No Hico ice cream starting between Rs.15-Rs. 25 Awareness of marketing campaign Boards in front of shops when launched In-store marketing No. Can’t recall any Marketing done when launched Factors affecting purchase quality and taste Price and taste Quality and variety Colors & shape: kids Taste: adults Quality and brand name Brand name
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Haidery Super Store Lutf Mega Mart Cakes & Bakes Shaheen store Shaheen General Store S Mart Reason of not keeping HICO in store Low demand melts quickly short supply, less variety N/A Less space, Distributor never approached. Supply issues Less space, Hico not contacted them Type of customers usually prefers HICO Families Age 40 & above Issues faced regarding HICO Ice cream Short supply, less demand, melts quickly seasonality effect ?? Weak distribution Weak distribution marketing Type of customer usually buy Ice Creams SEC A & B, 15 yrs + SEC A and B, kids SEC A&B, all ages Children Children, ladies All ages
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SWOT Analysis
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Internal Factors Strengths Weaknesses Pioneers
100% pure dairy ice cream Unique flavors Family packs Strong institutional buyer base Weak marketing Weak positioning Limited availability Low brand equity Less focus on bars/cones/cups Unattractive packaging Short supply
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External Factors Opportunities Threats Large untapped market
Ice Cream parlors Co-branding B2B-Marriage halls/caterers Strong demand for ice cream Large market share of competitors Legal and ethical issues Economic recession Political instability
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Competitive Analysis
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Strengths Heritage 100% pure dairy ice cream Unique flavors
HICO Heritage 100% pure dairy ice cream Unique flavors Customer loyalty Walls Good image in the mind of customer High quality Strong sales network Aggressive promotions scheme Omore Strong advertising campaign
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Co-branding strategy with ‘Oreo’ Strong institutional buyer base
Unique Strengths HICO Family take away packs Offers diet ice cream Co-branding strategy with ‘Oreo’ Strong institutional buyer base
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Weaknesses Weak marketing Weak positioning in consumers’ minds
HICO Weak marketing Weak positioning in consumers’ minds Low brand equity Unattractive packaging Small distribution Walls Pure milk is not used in ice cream Not a dairy ice cream, but a frozen dessert No variation in Taste Omore New entry in the market Expensive family packs
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Opportunities Large untapped market to grow its business
HICO Large untapped market to grow its business Move beyond niche marketing High sales figures in winters Walls Gap in Mkt. for diet ice Create strong position in all for long period of time Omore Introduce diet ice cream for diabetics New flavors and attract more consumers
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Threats Introduction of new flavors and products from Walls
HICO Introduction of new flavors and products from Walls New e.g. Omore/ Nestle Movenpick Walls In the market for a very long time Omore
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Perceptual Map
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High Market Share Strong Marketing Weak Marketing Low Market share
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New Strategy
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New Strategy Rebranding Changing peoples perception about HICO
We will generate recognition among target audience New campaign creation of positive perception about HICO as there is lack of exposure. Consumers are not aware of the any sort of message from the HICO brand
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New Strategy Boosting HICO by engaging in creating advertisement
HAPPINESS CAUSAL HANGOUTS FRIENDS FUN
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Demographic Segmentation
Market Segmentation Demographic Segmentation Gender Both males and females Age (10-50) Children, Teenagers and Families Social Class SEC A and SEC B
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Geographic Segmentation
Market Segmentation Geographic Segmentation Urban population People living in cities: Lahore Karachi Islamabad Faisalabad Multan Sialkot
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VALS Framework Ideals Thinkers Believers Achievement Achievers
Innovators High Innovation High Resources Ideals Thinkers Believers Achievement Achievers Strivers Self-expression Experiencers Makers High resources New & unconventional Open-minded Fun-loving Fashion Socializing Entertainment Survivors Low Innovation Low Resources
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Brand Personification “Fun loving, jolly and sparkling people”
New Strategy Brand Personality Fun Loving Brand Personification “Fun loving, jolly and sparkling people”
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New Strategy Symbolizes mystery, magic, power and luxury Purple
Appearance of something that is fun and easy to do White Purity 100% pure dairy ice cream
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New Strategy Peripheral Route to Persuasion Low Involvement Product
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Maslow’s Hierarchy HICO fulfills the “Social” needs of an individual.
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Theory of Needs Having HICO fulfills Need for Affiliation
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HICO’s New Logo
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Print Advertisements
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Hico Kiosk
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TVC
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Thank You
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