G2G Impact Group
07/21/2023
We help brands define their growth strategies by leveraging consumer and shopper insights. Reach out to book a complimentary discovery session.
๐๐๐ง๐๐๐โ๐ฌ ๐๐ฎ๐ฅ๐ญ๐ข๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐๐ฅ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐๐ง๐ ๐๐ก๐๐ข๐ซ ๐๐ก๐จ๐ฉ๐ฉ๐ข๐ง๐ ๐๐๐ก๐๐ฏ๐ข๐จ๐ฎ๐ซ๐ฌ
Growth of ethnic population is significantly outpacing Canada overall - Population growth of Canada from 2016 to 2021 is +5.2% and Ethnic growth is at +25.3%.
๐บ๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐ = 8.4 ๐ฉ๐๐๐๐๐๐ - ๐ฏ๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐?
Here are some insights on where they shop and why:
- Ethnic buyers over-indexing in Costco across all regions - Followed by Mass Merchandisers in Ontario & West. Ethnic buyers in Ontario shop the most Online relative to the rest of Canada
- Chinese buyers under-index in Mass Merchandisers and Grocery banners
- South Asian buyers significantly over-index in Club, Ethnic and Online channels
- 1st generation shoppers look for value and 2nd generation shoppers prefer variety in Ethnic, Conventional and Online channels
- Variety of products and specific sections draw shoppers to ethnic grocery stores
- Chinese shoppers want to get deals rather than the lowest price, emphasis on quality for non-white shoppers
- Brand/retailers need to use different tactics to reach different groups before they reach the store - Loyalty programs are not reaching Black and South Asian audiences. Social media recommendations are necessary for South Asian, Chinese and Filipino groups.
- Instore promotion can work better than flyers at attracting multi-cultural shoppers - Price checking in store, promos in each aisle and displays are prioritized over flyers
- Private Label has won 30% of Black & South Asian buyers, work to do on gaining Filipino buyers
- Interest in organics amongst Asian shoppers
Now letโs talk about turning these insights into action and make multicultural segments a part of growth strategies:
HOW TO TARGET BEFORE THEY SHOP
- Look for ethnic shoppers in Warehouse Club, Mass Merch and Ethnic stores
- Variety is important especially for 2nd generation shoppers, and will impact what stores they shop in
- Consider who you are reaching through social media and loyalty programs
WHAT THEY NEED IN-STORE
- Price checking in store, promos in each aisle and displays are prioritized over flyers
- Room to add variety for Chinese, Black and Filipino shoppers in the international aisle
- Understand what products are important to attract different cultural groups
How is your business leveraging ethnic shopping insights to drive your growth agenda?
07/03/2023
Excited to have one of our own on the judging panel for the CMA awards.
06/29/2023
โ๐ฐ๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐ ๐
๐๐, ๐ฐ ๐๐๐๐ ๐๐๐๐ ๐๐๐. ๐ญ๐๐๐๐๐ ๐๐ ๐๐๐โ, said Jim Sinegal Costcoโs co-founder. Costcoโs famous $1.50 hot dog and soda combo is more than a great lunch deal. ๐๐ญ ๐ก๐๐ฌ ๐๐ฎ๐ฅ๐ญ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ!
Itโs an object of corporate mythology, an inflation-proof icon.
A quick Google search for โCostco hot dog shirtโ brings up dozens of results from retailers all over the web with designs featuring the no-frills signage found in every Costco food court.
As everything feels like itโs getting more expensive, itโs refreshing to see a company standing up for its customers and living its brand purpose.
For reference, the price has not been raised on the combo since 1985, and it sounds like Sinegal was not in favor of a change: โI came to (Jim Sinegal) once and I said, โJim, we canโt sell this hot dog for a buck fifty," Jelineck recalled, according to a post by 425 Business. "We are losing our rear ends.โ And he said, โIf you raise the effing hot dog, I will kill you. Figure it out.โ Thatโs all I really needed."
Costco ended up building its own hot dog-manufacturing plant in Los Angeles to make Kirkland Signature hot dogs and keep the prices lower.
What makes me say Costcoโs hot dog combo has a cult status?
Costcoโs iconic $1.50 hot dog combo even has a viral T-shirt design celebrating its cult status!
https://lnkd.in/g4eYGPAC
We help brands articulate and visualize their brand promise and architecture. Reach out to book a complimentary discovery session.
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