Marketing review
21 Oct 2005
MetLife
gives Karva Chauth a new meaning
MetLife
initiated a direct marketing campaign timed for Karva
Chauth across its branches and through its bancassuarance
partners. The company's marketing strategy was to encourage
men to gift their wives financial freedom through a
MetLife insurance policy on the occasion of Karva Chauth.
Met
Life says, "Over the past few decades our country
has changed rapidly. Women have started working while;
men have taken to domesticity with élan. Moreover,
with the breakdown of the joint family system and advent
of liberalisation, life styles have changed to be truly
global. Even the traditional social security systems
such as the extended family or even the pension of a
government job are not longer available to this generation
of Indians."
Big
Idea Chair award from Yahoo!
Yahoo!
India is bringing its Big Idea Chair Award for creative
and media excellence to India.
Yahoo! India, which will present this award at this year's Effie Awards organised by the Advertising Club Bombay, said the Big Idea Chair Award honours creative achievements on the basis of real world market success.
The Effie jury will decide the winner of the award - a huge purple chair, imported from the US.
Internet
advertising works
Internet,
so far considered a niche medium for advertising is
now becoming popular among media planners. The online
ad market is expected to touch Rs162 crore by March
2006, up from Rs107 crore recorded last year with several
new categories such as automobiles and consumer goods
using the platform.
E-commerce sales which crossed Rs570 crore last year are projected to touch Rs1,180 crore for 2005-06.
Advertising professionals say the shakeout in the industry has left only serious players lending stability to the platform. They feel that unlike mass channels, advertising on the net allows companies to reach out to a focused group of consumers.
The fact that most of the internet users fall in the 20-40 years age bracket and prefer to read about the product online before making a purchase decision also helps.
Air
Deccan offers in-flight shopping
Air
Deccan has joined hands with Delhi-based AVA Merchandising
to launch an in-flight shopping scheme `Brand for Less,'
which offers shopping at over 10,000 feet during the
flight at a reduced cost.
According to Air Deccan the facility would be available in all 146 daily flights of the company and the products would be available at a huge discount over the market retail price.
The scheme is being implemented immediately and the company targets sales of approximately 25,000 branded products per month.
RPG
unveils new logo, to launch new format
The
retail division of the RPG Group operating under the
Spencer's brand will soon see a massive expansion. To
start with, the group will double its total retailing
space from the existing level of 10-lakh sq.ft within
the next 18 months. Subsequently, the total retailing
space would be increased to 40-lakh sq.ft spread across
all major cities of India.
The group is planning to invest a total of Rs200 crore in expanding the retail space.
The retailing business has been restructured and four separate formats have been created. These have been named Spencer's Fresh, Spencer's Daily, Spencer's Super and Spencer's Hyper. MusicWorld has been retained in its present format.
The group has also unveiled the new logo of Spencer's, which will be the umbrella brand of its entire retailing activity.
The group will open nine new hypermarkets in the next six months. Of these, seven would be in Delhi and other two in Aurangabad and Hyderabad. The first retail outlet would be opened in Delhi.
Bharathi
Tourism offers package tour to Andamans
The
Bharathi Tourism Development Cooperative (BTDC) is offering
package tours to Andaman Islands and first batch of
24 tourists was flagged off in Mangalore last week.
The multi-state co-operative would send another batch of tourists to Andaman in December.
The co-operative said that it wants to provide better tourism facilities to common man through its network in Karnataka, Kerala and Goa.
A-I
to refurbish brand in a year's time
Air
India plans to completely refurbish the AI brand and
has set itself a target of one year to do so. In this
time the airline will also effect a change in work culture.
Starting now and through one year, Air-India will assess its weaknesses. Though the changes would be gradual, they would have to manifest themselves by the time new aircraft reached the Air-India stable in a year's time,
SBI
Caps looks at rural India
SBI
Capital Markets (SBI Caps) plans to expand stock broking
services to the rural regions and would open at least
40 branches in small towns and rural areas by next March.
SBI Caps is the investment-banking arm of State Bank of India, and plans to draw on the support of SBI for its rural foray.
In addition, the bank also planned to use a network of franchisees electronically linked to the SBI Caps' network.
SBI Caps hopes to achieve this objective over the next three years, when its customer base is targeted to increase to at least 3 lakh. So far, SBI Caps has rolled out its broking services in 13 locations.
Stanley
Seating opens boutique in Hyderabad
Stanley
Seating, a leading player in the genuine leather upholstery
industry, has opened its first exclusive boutique in
Hyderabad.
Hyderabad is the fifth in the chain of exclusive Stanley Seating boutiques across the country.
Zee
Sports to focus on Indian football
Zee
Sports which is planning to popularise football plans
to spend up to Rs500 crore over 10 years in glamourising
the game.
The channel is all set to give a facelift to Indian football and recently acquired the 10-year telecast rights for the All-India Football Federation matches with the promise of producing them as per international standards and organising a host of on-ground promotional activities to attract more eyeballs.
For this the channel is planning to spend in the region of Rs400-Rs500 crore over the next 10 years for various promotional activities. These include launching two half-hour shows, titled 'Football Café' to educate viewers about Indian football.
Other efforts include building player profiles, having talks about the various football clubs of India, their heritage and so on. These would be aired as promos across the network. These will be done to make Indian footballers known to people.
Rising
market share for niche channels, mass entertainment
TV channels lose
Mass
entertainment Hindi channels are losing viewership shares
year-on-year and industry observers say mass entertainment
channels need to seriously review their programming
strategy.
According to TAM Media Research, Hindi mass entertainment channels, which had 54 per cent of total viewership share in 2001, dipped to 40 per cent in 2004 and niche channels which had just one per cent of the total TV viewership share in 2001, now have five per cent share. Regional channels have also grown from 35 per cent to 38 per cent.
Niche channels that have gained viewership include youth channel, kids channels, news channels, channels specialising in wild life, natural history, music, etc.
Jet
airways announces frequent flyer programme partnership
with Gulf Air
Jet
Airways has tied up with Gulf Air, to allows members
of the Jet Privilege (JP) programme to earn and redeem
JP Miles, when travelling with their new partner airline.
In return elite tier Jet Privilege members can enjoy
premium privileges such as lounge access and extra baggage
allowance among others, when they fly with Gulf Air.
As
this is a reciprocal relationship, members of Gulf Air
Frequent flyer programme will also be
able to earn and redeem miles, as well as enjoy special
benefits when travelling on Jet Airways.
Compiled by Mohini Bhatnagar