Tag Archives: events

New Shopping Records: Black Friday and Cyber Monday

If you are reading this, congratulations. It means you survived the busiest shopping days of the season: Black Friday and Cyber Monday. And, busy is an understatement. Shoppers took to the stores and online in masses, scoping up deals and getting started on holiday shopping for loved ones (and their selves).

The numbers are nearly as staggering. According to Adobe Analytics:

  • Shopping dollars from Nov. 1 – 26 totaled $58.52 billion
  • Black Friday accounted for a record-making $7.9 billion, including $6.22 billion spent online
  • Top products included Fingerlings, L.O.L. Surprise, Nintendo Switch, Laptops from Dell & Apple, LG TVs, drones, and Amazon Echo
  • Sales traffic vs. revenue by device type:
    • Desktop: 42% traffic for 61% of purchases
    • Smartphones: 49% of traffic for 30% of purchases
    • Tablets: 8% of traffic for 9% of purchases
  • Buy Online, Pickup In-Store (BOPIS) increased 50% from last year
  • Cyber Monday sales reached $7.9 billion, the largest single shopping day in the U.S.
  • Sales from smartphones also hit an all-time high of $2 billion

What did you buy?

Group Activities and Discussion Questions:

  1. Poll students about shopping over the Thanksgiving weekend.
  2. What did they buy? How much did they spend? Gifts or personal purchases?
  3. Did students shop in stores, online, or both?
  4. Purchase volumes by type?
  5. Review the data and charts from Adobe site: http://exploreadobe.com/retail-shopping-insights/
  6. Additional information CNBC Article and video: https://www.cnbc.com/2018/11/24/black-friday-pulled-in-a-record-6point22-billion-in-online-sales-adobe.html
  7. Other video: https://youtu.be/DDhk6O5TSN0
  8. Given the results from holiday shopping, what are three things that retailers must do to continue to meet customer needs?

Source: Adobe Analytics, CNBC, New York Times, Wall Street Journal, other news sources

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Cheetos Flamin’ Hot Pop-Up Restaurant

Cheetos have long been a favorite snack food in America, but it has a fairly limited menu application. Or so one might have thought. After all, it’s just a snack food, right? Wrong!

In a new promotional campaign this fall, Cheetos is launching a Flamin’ Hot pop-up restaurant in Hollywood for three-days in September, featuring meals developed by celebrity chef Roy Choi. The restaurant is named The Flamin’ Hot Spot and all the dishes are inspired by Flamin’ Hot Cheetos. (The concept is similar to one that Cheetos did a year ago with a pop-up restaurant in New York City with a menu developed by Chef Anne Burrell.)

According to Cheetos, they noticed a trend among customers and restaurants with Cheetos finding its way into creative menus including bagels, sushi, and burritos. The Flamin’ Hot Spot will have appetizers, main courses, and desserts.

Some of the menu highlights include:

  • Hot Ap-Paw-Tizers
  • Flamin’ Hot Elotes
  • Flamin’ Hot Chipotle Ranch Wings
  • Flamin’ Eats
  • Xxtra Flamin’ Hot Rice Bowl
  • Hot Cheetos Burrito
  • Cheetos Sweetos Hot Cakes
  • Chester Cheetah’s Churros

Unfortunately, if you want to dine there, the three-day event is already sold-out and has a long wait list! But don’t worry – all of the recipes will be available for free in a digital cookbook on the Cheetos Web site. Ingredients are also available on Amazon Fresh.

Are you hungry for something flamin’ hot now?

Group Activities and Discussion Questions:

  1. Poll students: Who eats Cheetos?
  2. View video: https://youtu.be/-RWb_8G6Eyo
  3. Show Web site: https://www.cheetosflaminhotspot.com/#menu
  4. How does the restaurant fit into a promotion plan for Cheetos?
  5. Does this new restaurant change the positioning of Cheetos in the product life cycle?

Source:  Ad Week

 

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Extreme Stunts!

Everyone loves to watch an extreme event. Thrills, chills, excitement! Will it work? Will it fail? Either way – it will be spectacular!

Once rare, extreme stunts have become a valuable marketing tactic for brands to gain the public’s attention and expand a brand’s reach. Unlike a 30-second ad viewed once or twice, a stunt gains valuable viewers and exposure when videos go viral and are watched multiple times.

One of the most memorable in recent years was the Red Bull Stratos freefall jump from space. In that stunt, Austrian skydiver Felix Baumgartner did a 4:20 minute long freefall from 128,000 feet above the Earth, traveling at 1,342 kilometers per hour. The stunt broke world records in longest freefall, highest freefall and highest manned balloon flight! The jump was watched live by 52 million people across online platforms, and has been reviewed millions of times.

Red Bull isn’t alone in using stunts to capture attention and build awareness. One recent event launched the first car into space! Tesla and SpaceX sent a Tesla Roadster (complete with dummy astronaut driver) into space using SpaceX’s Falcon Heavy rocket in early February, 2018. The launch logged more than 2.3 concurrent views on YouTube.

Another high-profile of our favorite stunts featured Range Rover’s Sport Plug-In Hybrid as it drove the 99 turns and 999 steps of China’s Tianmen Mountain. The six-minute video resulted in more than three million views, 45,000 likes, and 2,000 comments globally.

Can’t wait to see the next brand’s extreme stunt!

Group Activities and Discussion Questions:

  1. Discuss the use of extreme events in marketing as a promotional tactic.
  2. Poll students: What are some of the events or stunts they can recall? Why were these memorable? Did they further the brand’s message?
  3. Show several of the many videos with extreme stunts: Red Bull Stratos: https://youtu.be/FHtvDA0W34I
  4. Tesla Starman launch: https://youtu.be/A0FZIwabctw
  5. Tesla Starman – Live Stream: https://www.youtube.com/embed/aBr2kKAHN6M
  6. Land Rover Dragon Challenge: https://youtu.be/EUwzWHD3Htg
  7. Nike Breaking 2: https://www.nike.com/gb/en_gb/c/running/breaking2
  8. Snapple world’s largest popsicle: https://youtu.be/QlZ_QsKYx5Y
  9. Poll students: What brands could make effective use of an extreme stunt as a tactic?
  10. Divide students into teams: Have each team develop a stunt for a selected brand.

Source: Lucken, S. (31 May, 2018). When done right, extreme stunts can catapult a brand into the public eye. Ad Week.

 

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