Do you have any insights on success levers or best practices for product re-stages?
It is highly likely that a brand that is not growing will be a candidate for re-staging, therefore it is extremely important to identify why the brand is not growing or is declining.
Consider whether the issue is a loss of price competitiveness, weak distribution or loss of prime shelf space to store brands in a stagnant category. Does the re-staging fix the biggest weakness?
Ensure the re-staging is based on consumer information that indicates they see the brand as needing a re-stage (rather than the marketing team or senior management thinking it needs a re-stage).
Re-staging or re-positioning will likely involve pack changes, we recommend marketers need to fully understand what Distinctive Assets are key to continued consumer recognition of the brand. Remember that most buyers of your brand are quite infrequent – and indeed a many might only purchase once a year or even less.
See report: Ultra-lights – The Unbearable Lightness of Buying
This means a long time can pass between brand purchases, and if the pack has changed due to a re-stage, consumers may not recognise the brand and purchase something else in their repertoire. Make sure consumers can easily identify the brand correctly if there are appreciable changes to the pack.
Re-staging may be carried out to enable the brand to take a different price position (usually, trying to take it from low-mid price point to a more premium level). Remember this process does take time. The case of Japanese and Korean car brands that have moved from budget to mid-price points took more than a decade, and importantly, substantial improvements in the physical product — so re-staging based on cosmetic changes alone is unlikely to work.
The success of re-staging will undoubtedly need channel partner acceptance so involve retailer partners early on and benefit from their feedback.
Understand the brand’s current perceptions in the market (brand attributes, controlling for prototypically) and have clear goals beforehand of what success should look like in terms of altered perceptions. Note, it is much harder to appreciably change brand perceptions than is commonly believed.
J.D.
21 January 2025
Link: https://sponsors.marketingscience.info/frequently-asked-questions/do-you-have-any-insights-on-success-levers-or-best-practices-for-product-restages/
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