Agency: Leo Burnett | Author: Ruchard Shaw |
Monkey Business: Building the Coco Pops Brand 1986-1992
SUMMARY
Coco Pops is a chocolate-covered, rice-based children's cereal made by Kellogg. Between 1986 and 1992, it was one of the most successful cereals on the market. Sales volume increased by 90%; value by almost twice that. Market share increased by 60% and brand penetration by 65%, while frequency of purchase grew and was maintained. Brand profitability increased fivefold.
The paper examines the possible causes of this growth exploring, in turn, the roles of overall market growth, population change, changing attitudes towards chocolate,...