Social Advantage

Uncovering and Applying Social Insights Halts Product Sales Declines and Supports New Growth

 

ISSUE


A major manufacturer of specialty tea had experienced a 13 percent dollar sales decline in the latest 12 weeks, during a time in which competitive dollar sales were up 10 to 25 percent. It appeared that the new package design that the client had launched to improve sales was not working, but the client did not have clear insight into what the core issue was.

 INSIGHTS 

Using IRI Social Advantage, IRI’s Media team surfaced targeted conversations surrounding the brand’s package launch using custom indicators such as “Awesomeness” to reveal specific details about consumers’ preferences. The analysis was able to home in on how millennials speak about specific product attributes. The client team found the dialogue about package design of pivotal interest. The dialogue was overlaid with sentiment analysis and cross-referenced with sales and in-store activity to understand what was impacting sales productivity. IRI evaluated the brand and its competitors across these variables and multiple data sets (including point-of-sale, panel and social data feeds) to bring light to the core issues. The analysis uncovered that the recent packaging redesign was the main reason for sales declines. Brand sentiment had skewed negatively.

 

 

The packaging was viewed as bland and unoriginal, and the design caused the product to become harder to find on shelves.

 


Brand affinity, share of “Awesomeness” and retail sales declined while competitors experienced increases.

 

IMPACT 

As a result of IRI’s analysis, the client reverted back to the product’s original packaging, which led to a halt in declines and increased positive sentiment and sales growth – up 10 percent versus the same period the prior year.

How can we help you supercharge growth and profitability?

FACTS ABOUT US

95% of CPG, retail, and health and beauty companies in the Fortune 100 work with us.