Tag: boom

  • Boom time for children fruit juice

    Boom time for children fruit juice

    The array of fruit juices for children on the shelf may throw their parents into confusion. To make a choice under this condition, it is advisable to consider products’aesthetics, among other factors, writes TONIA ‘DIYAN.

    The business landscape in Nigeria is undoubtedly attractive to investors because of the population size. Consequently, consumers may be confused in making their choice from the array of brands they find in the market. Nowhere is this dilemma more evident than in the foods and beverages’ category of the fast moving consumer goods sector.

    The consumer goods sector, comprising the food and drink category, non-food products and the retail category, compete for leadership through various offerings, particularly those brands targeted at children. For example, foods, such as Indomie noodles, already prepared custard in sachets from the stable of Chi, producers of Hollandia yoghurt, among others, lead the pack in the rat race to capture the hearts of children and their parents. Also, drinks such as Bobo, Viju Milk, Ribena, Happy Hour, Lucozade Boost, Capri-Sonne and Nigerian Breweries’ Maltina have all joined the fray.

    However, some of these brand owners face the challenge of ensuring that their products are accepted by their target market. According to Jack Trout and Al Ries in The 22 Immutable Laws of Marketing, marketing is not truly a battle of products, but a battle of perceptions and this implies that even if a product is of the highest attainable quality, brand owners must still work on the perception from consumers.

    Today, genetically modified or synthetic consumer goods are being widely promoted despite the protests against their use. This should give natural products an edge in the minds of consumers, who want the best.

    A fruit juice drink retailer at Alade market in Ikeja, Lagos, Mr Ikechukwu Ukomadu, said the demand for children fruit juice drink, which he sells, is unparalleled.

    Ukomadu stocks some drinks more than others, because they are preferred drinks for children worldwide and they control more than 80 per cent of the fruit drink market for children in the country. According to him, some contain 100 per cent natural ingredients and it is estimated that five billion pouches are sold every year in approximately 100 countries. A particular one, he said, is made with the best juice of sun ripened fruits available and contains no artificial flavours and colours or preservatives.

    “The silver pouch used to pack some of these fruit drinks have made some more popular than others, particularly among parents and children, as their designs make them easily portable. Most pouches are sturdy, hermetically sealed and tamper proof. They can withstand many tumbles and pass the hardness test in a freezer without bursting. This means that they can also be enjoyed as a tasty ice treat,” he said.

    The Nation Shopping spoke with some primary school pupils, who shared their experiences from their favourite fruit juice drink.  Majority said their choices are determined by consistent promotional offer a particular brand gives, some others said the taste of the drink is their attraction to a particular drink while others said the tamper proof nature of some of these drinks have kept them stuck with a particular brand as they won’t have to wipe their launch packs each time they keep the drink in them.

    A pupil of Caleb International Nursery and Primary School in Lagos, Nonye Akumeh said Capri-Sonne fruit juice brand has been consistent in giving promotional offers to children, likewise Bobo, which is why they have become her choice fruit juice drinks. “One of Capri-Sonne’s offers from which I benefited is the ‘Capri-Sonne School Surprise Offer.’ It provides rewards for kids, who patronise the brand. Rewards like taking children abroad on excursions or on a shopping spree to have fun. Bobo would insert exercise books and stationeries into their packs before selling them out,” she said.

    She added that most offers come with several other exciting gifts such as wrist watches, flash lights, pouches, colour pencil cases and many more that will be useful for kids at school. “There was an extra bonanza option, where children would submit Capri-Sonne flaps or Bobo caps and stand the chance of getting free Jumbo Crayons and Water Colour Boxes and sometimes trips to Disney land,” she said.

    For Chinelo Agwu, another pupil of the school, the taste of Ribena is incomparable and nourishing. ”I am really not particular about freebies, if I want some of those treats, my parents would buy them or make them available. I just love the taste of Ribena and the fact that it nourishes my body. And that is why everywhere I go, I opt for it rather than any other drink. I would rather not take any fruit juice if I don’t find Ribena,” she said.

    In today’s world, healthy living is uppermost in the minds of the people and mothers, in particular, tend to be extra careful with what they give to their children. It is obvious that many people, including children, do not drink enough. They tend to eat too much, but not drink enough! This is why parents use simple tricks such as buying fruit drinks to encourage their children to drink more.

    But in the long run, the children are only going to drink more if they like and enjoy the taste of the beverage. When children turn fussy about eating, parents turn to buying healthy and nourishing products that suit the children’s taste buds and in almost all cases, the children take the drink with a smile. This is where some universally recognisable drinks, that are perhaps most well known for their stand-up pouch packaging, beat other beverages on offer.

    Mrs Allero Ike, a housewife, who wants the best for her children, said her children’s school bags are not complete without their daily intake of their favourite fruit juice. “My children know what they want. If they want the best, they know what it is and I cannot give them what is close to the best. Nobody can fool them, they always ask for their favourite drink,” she said.

    The excitement of Gbemi, Mrs. Oladele’s four-year-old daughter, sighting her mother picking her favourite drink from the shelf in a supermarket last weekend, was a sight to behold. She confessed that the little girl will give her no rest if she failed to include the fruit drink in her purchases. “She loves the drink and I enjoy buying it for her because of its natural taste and as a supplement for her healthy development,” she said.

    Understandably, competition for patronage by operators in the sector is fierce. But in an increasingly health conscious world, consumers will only choose to buy the best. The brands that will ultimately survive the contest for consumer loyalty will be the ones with quality products manufactured locally, using world-class technology.

    Nevertheless, there are significant differences in their offerings, which define the competition and their respective performance in the marketplace. Many of the brands mentioned are a mixture of synthetic materials and natural ingredients.

    Nutritionists say some beverage drinks contain 100 per cent fruit ingredients that add to vitality and healthy growth of the child. This quality has naturally endeared such brands to discerning mothers.

  • Sales boom as Ramadan fast ends

    Sales boom as Ramadan fast ends

    As the Muslim fasting ends today, signalling the end of Ramadan and heralding the beginning of Eid-el–fitri celebrations, traders in major markets  across  Lagos metropolis are upbeat over prospects of increased patronage.

    Having experienced reduced sales because of lull in customer patronage occasioned by the Ramadan fast, traders are hopeful of increased activities in preparation for Eid-El –Fitri celebrations. The event comes up yearly at the end of the Muslim fast.

    At Idumota, Mile-12, Oyingbo,Oshodi among other markets in Lagos, traders are pleased with what they call “the Eid-El –Fitri rush” as they get helping hands from their children and relatives so as to cope with the rush.

  • Boom time for electronic commerce

    The transition from brick-and-mortar businesses to “clicks” business is happening in all sectors of the economy. It is now possible for businesses to operate without a physical structure. Employers and employees can conduct all communication via mobile phone through either voice call, short message service (SMS) or email. The internet is a new frontier that has further facilitated the operation of virtual offices, TONIA ‘DIYAN reports.

    •Midnight online car searches increase

    A few years ago, the only way Bade Badejo could buy books was for him to go to a bookstore.  To purchase clothes meant a trip to the boutique. He traded in stocks through brokers only and bought cars visiting car marts, test-driving cars from one dealer to the other.

    Today, he has realised that businesses are coming to his doorstep. He has also realised that a number of companies and large warehouses have successfully managed to put up an electronic outlet to challenge traditional businesses.

    Badejo recently added a new member to his family and decided to purchase a bigger car. He works full time with his wife and two young kids at home, so going from dealer to dealer is not an option. Badejo, who joined the growing number of car buyers researching vehicles through the Carmudi app, an online vehicle marketplace last month, picked a Nissan Navara LE 2013 and quickly got in touch with a dealer in Abuja to set up a test drive. Within 48 hours, he bought his Navara LE for a competitive price.

    Late night car searches are a growing trend with more than 40 per cent of global car buyers now searching for cars – between 5pm and midnight. With ecommerce booming, and increasing use of mobile phones to make purchases online, how people buy major goods is shifting.

    Traditionally, consumers purchase cars after visiting several dealers and test drive dozens of vehicles. With the average car dealer closing by 6pm, car buyers are now able to save valuable time by researching car brands, and shopping for the best price from within the comfort of their own homes. From arranging test drives to applying for financing, majority of the purchasing cycle takes place online.

    Dealers continue to play a vital role in the process, particularly when it comes to test driving.

    With a staggering 80 per cent of new cars and almost 100 per cent of used cars, customers begin their car shopping experience online, enabling buyers to find their dream car at any hour of the day. This is according to a research conducted by Carmudi, an ideal platform to find cars, motorcycles and commercial vehicles online. The research revealed that car buyers around the world and especially in Nigeria search for cars mostly late at night.

    According to the research also, car buying experience has remained stagnant for decades, but in the world of AMAZON and UBER, the car classified market is ripe for disruption, starting with the ability to find dream cars at midnight from the comfort of a couch. It is now easy to browse and search thousands of car listings on www. Carmudi.com.ng or download the Carmudi app.

    Another insight gleaned from the Carmudi data shows that car users are transitioning from searching for vehicles on a desktop, to using mobile apps, most notably in the evening hours.

    During working hours, only 15 per cent of consumers visit Carmudi via the mobile app, but from 6pm to midnight more than 55 per cent of visitors search for cars on their mobile app, as opposed to their computer.

    Generally, industries are moving all of their operations online, as it becomes clear that the Web, not constrained by geographic boundaries, is a more efficient vehicle for their services and allows them to work on a truly global scale. People are currently able to pay their bills, write and cash checks, trade stocks, take out loans, mortgage their homes and manage their assets online. Money as we know it may cease to exist, replaced by more convenient technologies such as smart cards and digital cash. Intelligent programmes will take care of the financial and logistical aspects of the interactions between both the individuals and the corporations who populate the Internet. All that a person needs to do shopping is a connection, a computer, and a digital form of payment.

    Traditional “brick and mortar” stores are already being replaced by a multitude of electronic store-fronts populating the Web. No single brick-and-mortar store can offer 50,000 products, but an online store has the capability to offer a limitless number of them. There are services for finding the best deal on items for consumers. An increasing amount of consumer information, such as consumers’ testimonies, product overviews, comparison charts, is being made available, leading to better deals for customers.

  • Val boom for Lagos traders

    The shift of the elections turned out to be a blessing for traders and other businesses who took advantage of the Valentine’s Day celebration to make good sales. TONIA ‘DIYAN reports. 

    It had hitherto clashed with the Presidential election, but when there was an announcement shifting the election from February 14, a sigh of relief came for both lovers that had planned to have a frolicking time for the day, as well as for traders and other business owners, whose businesses would have suffered considerable loss where the election to hold that day.

    Indeed, over the years, St Valentine’s Day has proved to be an annual business opportunity for entrepreneurs in Lagos. With the election rescheduled from February 14th, traders recorded moderate sales. Chiama Uzor, a clothing retailer at the Arena said “I was actually worried for the fact that it was election and it was also valentine, but thank God it was postponed.  I am happy we had fun making sales, it was a good one. “

    Mutiat Adepoju, a gift items trader at Iponrin market, Surulere , explained that sales of Valentine goods on Valentine Day  is always  a fire brigade approach. We saw more last minute shopping where everybody wanted to go home with something for their partner. Adepoju recalled one of her customers who said to her “ I won’t be able to go home today if I don’t get this scented flowers” when the item was becoming difficult to find in her store.

    For Mary Agbator, a shopper, Valentine items were not too expensive on valentine day.  They were only a little different compared to last year’s.

    On display at some shops in Lagos Island were attractive gift items, and fanciful clothings, which never failed to attract buyers. They were to match blouses and skirts, club tops and trousers, bondage skirts, red bomb short,  white bumshort with club top. Their prices varied between seven thousand and seven thousand five hundred. These prices are attributed to the dollar rate increment, which has gone high.

    For some other retailers at the Oke-Arin market, prices of Valentine items went up a little higher but, retailers at this market said they were able to cope.  And shoppers who visited the Oke Arin market to buy Valentine items said despite the hike in the prices of items on this day, they still had to buy gifts because it was valentine.

    Gloria Thomson sells clothing and beauty accessories, she said She could not travel this year to get stuffs because the exchange rate is high. “I have loads of leftovers from last year’s valentine sales so I just did a little bit of out sourcing from those items I had last year, so I could also sell Valentine stuffs. I was able to outsource and I got some things i didn’t have before and I was able to make sales.” She said.

    Most of the gift items of these retail outlets were imported products. The weak Naira to Dollar exchange rate at N200, has a negative impact on prices, and  for this reason personal budget had to follow scale of preference.