Co-marketing:
Barista in talks for consumer promotions
Financial
Express December 27, 2002
As
part of its marketing strategy, Barista Coffee
Company Ltd is planning to launch a host of consumer
promotions at its outlets in 2003. For the purpose,
the company is currently in talks with many entertainment,
consumer goods and music companies which include,
the US-based Bose Corporation, Swatch and International
Travel House among others, informs Barista Coffee
Company Ltd managing director Ravi Deol.
According
to Mr Deol, the objective behind the move is to
leverage co-marketing opportunities and alliances
to offer greater value to its consumers. “Currently,
we are running a consumer promotion at our existing
outlets whereby on the purchase of a Barista coffee
worth Rs 150, consumers can avail of a Lacoste
gift voucher worth Rs 500 and a Lacoste calender.”
Mr Deol refused to divulge further details on
the new consumer promos.
In
order to upgrade the liquid coffee category from
indulgence to habit, Barista is in the process
of revamping its entire range of coffee beans-
related merchandise at its stores across the country,
informs Mr Deol.
“As
part of the strategy, we will introduce new forms
of packaging, enhanced range of coffees, and coffee-related
merchandise. In addition, our origin coffees which
are now available off the menu in most of our
large stores, will eventually become available
at all our high street locations next year,” he
adds.
As
for the emerging trends in speciality coffee retailing,
Mr Deol comments that in the wake of the Barista
effect, the coffee category has seen renewed interest.
“Liquid coffee will continue to be the biggest
driver of growth in the near future. Innovative
formats will evolve to capture increasing avenues
of consumption and this change will impact all
consumer segments,” he explains.
According
to Barista Coffee Company Ltd executive vice-president
Sandeep Vyas, the company has also recently lowered
the prices of its flagship beverages. “We will
adopt new formats to allow the brand to become
pervasive in our consumers’ lives. All the new
initiatives will lead to a 20 per cent month-on-month
growth of same-store sales in the next quarter,”
he adds.
|
|