Smeg's collaboration with New World in a promotional giveaway is being hailed as a strategic marketing success. Here's why experts believe this move is brilliant for the premium brand.
The Giveaway Details
New World is offering Smeg baking dishes and utensil organisers in exchange for stickers collected with purchases. Some high-ticket items, like the cast iron braiser, require additional cash. This initiative has caught the attention of shoppers and marketers alike.
Expert Insights on the Strategy
- Sarah Dodds, a senior marketing lecturer at Massey University, highlights the exposure to a broader market as a key benefit. She notes, "Partnering with New World offers widespread visibility, creating brand awareness among aspirational consumers."
- Michael Lee, a marketing professor at the University of Auckland, points out that New World's history with high-end brand promotions has established a pseudo status for the brands involved, mitigating potential brand dilution.
The Impact on Smeg's Brand Image
Despite concerns about affecting Smeg's premium appeal, experts agree that the association with New World's quality-focused image aligns well with Smeg's brand values. The promotion has achieved 92% awareness among New World shoppers, showcasing its effectiveness.
Why This Works
- Increased relatability and personalization of the Smeg brand among Kiwi consumers.
- Generates excitement and goodwill, enhancing brand perception without compromising its premium positioning.
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