LU Le Petit Chocolat is Introducing a Price-Marked Pack
Michael Hemsworth — June 24, 2023 — Lifestyle
References: lubakery & talkingretail
LU Le Petit Chocolat is introducing a new price-marked pack (PMP) in a bid to address the needs of value-focused shoppers who are on the hunt for the right kinds of products more than ever. The product will feature the brand's signature crunchy biscuits with milk chocolate topping in £1.69 packs, which are arriving in the UK now. The PMP responds to the increasing number of consumers looking for a way to more accurately balance their spending by enabling them to quickly tally their total before heading to the checkout.
Senior Brand Manager for LU at Mondelēz International Charlotte Parkes spoke on the new LU Le Petit Chocolat PMP saying, "We know shoppers are seeking affordable, delicious treats during challenging times to provide reassurance, with PMPs only set to increase in popularity within the impulse sector. We always strive to support retailers by including our top-selling products as PMPs and the new launch will help further establish the LU brand within the convenience channel, as well as encourage trial of the wider range.”
Senior Brand Manager for LU at Mondelēz International Charlotte Parkes spoke on the new LU Le Petit Chocolat PMP saying, "We know shoppers are seeking affordable, delicious treats during challenging times to provide reassurance, with PMPs only set to increase in popularity within the impulse sector. We always strive to support retailers by including our top-selling products as PMPs and the new launch will help further establish the LU brand within the convenience channel, as well as encourage trial of the wider range.”
Trend Themes
1. Value-focused Shoppers - Disruptive innovation opportunity: Develop affordable, high-quality products that meet the needs of price-conscious consumers.
2. Price-marked Packs - Disruptive innovation opportunity: Implement price-marked packs to appeal to consumers looking for transparency in pricing and quick decision-making.
3. Convenience Channel - Disruptive innovation opportunity: Explore partnerships and strategies to establish brands within the convenience channel, catering to the growing demand for on-the-go products.
Industry Implications
1. Food and Beverage - Disruptive innovation opportunity: Create value-focused products that offer affordable indulgence while maintaining quality and taste.
2. Retail - Disruptive innovation opportunity: Adapt pricing strategies and product packaging to meet the needs of price-conscious consumers and enhance the shopping experience.
3. Confectionery - Disruptive innovation opportunity: Innovate in confectionery by offering price-marked packs and convenient options to attract impulse buyers and encourage trial of new products.
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