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Barbie - Brand Strategy Presentation

Erica Santiago
Erica SantiagoSocial Media, Digital Marketing and Communications at NYU Stern

This presentation was designed to provide strategic recommendations for a brand in decline. The deck also incorporates a situational assessment, including a brand identity, positioning, architecture, and portfolio strategy for the Brand. Presentation originally created for NYU Stern's Brand Strategy course. Design by Erica Santiago & Chris Alexander.

Barbie - Brand Strategy Presentation

Erica Santiago
Erica SantiagoSocial Media, Digital Marketing and Communications at NYU Stern

This presentation was designed to provide strategic recommendations for a brand in decline. The deck also incorporates a situational assessment, including a brand identity, positioning, architecture, and portfolio strategy for the Brand. Presentation originally created for NYU Stern's Brand Strategy course. Design by Erica Santiago & Chris Alexander.

Barbie - Brand Strategy Presentation

1 of 46
Download to read offline
REIMAGINING BARBIE
Chris Alexander | Greg Bienemann | Elizabeth Kohli
Meg McQuade | Greg Merson | Erica Santiago
A new category for the 1950’s
Logo evolution
1992 - 1999
1999 - 2004
2004 - 2005
2005 - 2009
1959-1975
2009 - Present
1975 - 1992
FRIENDLY MATERIALISTIC EGOTISTICAL
TRENDY IMAGINATIVE
Current Personality
SITE
SOCIAL MEDIA
Digital presence focuses on fashion
IT’S ALL ABOUT BARBIE
SHOP ‘TILL YOU DROP
Barbie’s self-absorption and consumerism

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Barbie - Brand Strategy Presentation

  • 1. REIMAGINING BARBIE Chris Alexander | Greg Bienemann | Elizabeth Kohli Meg McQuade | Greg Merson | Erica Santiago
  • 2. A new category for the 1950’s
  • 3. Logo evolution 1992 - 1999 1999 - 2004 2004 - 2005 2005 - 2009 1959-1975 2009 - Present 1975 - 1992
  • 4. FRIENDLY MATERIALISTIC EGOTISTICAL TRENDY IMAGINATIVE Current Personality
  • 6. IT’S ALL ABOUT BARBIE SHOP ‘TILL YOU DROP Barbie’s self-absorption and consumerism
  • 7. Too many messages = brand confusion
  • 8. A brand in decline Sales declined 16% in 2014, and have steadily declined over the past 3 years. Brand is affected by age compression, a shift to interactive toys, and toys with stronger ties to stories and the entertainment industry. Barbie is perceived as less trendy and less of a good value today than in 2012. Barbie is considered more prestigious and authentic than in 2012. Nostalgia is the main driver of the Barbie brand in 2014.
  • 9. Monster High 100% Interest Over Time - Google Shopping US 80% 60% 20% 40% FrozenAmerican Girl Ever After HighBarbie Search interest in the brand has flattened
  • 11. Losing relevance and differentiation
  • 12. A four year old girl is playing with a Barbie doll; I perceive her life and family to be... Barbie is perceived as ordinary and normal
  • 13. The Barbie brand is in decline because of age compression, a lack of true inclusivity, and an outdated worldview. We plan to leverage Barbie’s iconic status with a reimagined approach and renewed priorities to create a story that makes her more relevant, accessible, and exciting, so that daughters are proactively asking Mom to “buy me a Barbie!” Lack of inclusivity and outdated worldview
  • 14. THE FUTURE OF BARBIE
  • 17. “I WISH MY DAUGHTER WOULD SPEND MORE OF HER PLAYTIME…”
  • 18. REIMAGINING PLAYTIME AS INCLUSIVE FUN
  • 19. To Mothers and Daughters in the market for a new favorite toy, the Barbie family is your EXCITING and FUN choice, providing COLLABORATIVE, EMPOWERING, and ALL-EMBRACING experiences; experiences that promote HEALTHY and POSITIVE values while also creating memories that will last a LIFETIME. REFRESHED BRAND POSITIONING
  • 22. Move playtime outside of your playroom: BRINGING NEW BARBIE TO LIFE Make Barbie about activity and collaborative, imaginative play and less about “shop ‘till you drop” Barbie Parties: Barbie dolls are more fun when your friends come over and bring their dolls into your world - each doll has their own unique personality and culture Mom and daughter creating bonding experience
  • 23. Playtime should mean spending time outdoors with good friends: Grab your Barbie and meet your friends at the park to continue to build adventures together Post a photo of you and your friends with your dolls and Mattel might feature you on the Barbie app! #BARBIEBUILDS BRINGING NEW BARBIE TO LIFE
  • 26. DIGITAL STRATEGY: SOCIAL MEDIA CAMPAIGN
  • 27. DIGITAL STRATEGY: THE STORY OF YOU
  • 34. By reimagining the classic Barbie brand values with a focus on COLLABORATION and INCLUSIVITY, the new and improved Barbie family will encourage active, social, fun, and POSITIVE value-based playtime, inspiring and EMPOWERING a new generation of Barbie fans, and making Moms PROUD to purchase Barbie brand products for their Daughters. BRINGING BARBIE BACK
  • 35. REIMAGINING BARBIE Chris Alexander | Greg Bienemann | Elizabeth Kohli Meg McQuade | Greg Merson | Erica Santiago
  • 37. PACKAGING & RETAIL DISPLAY LOGO EVOLUTION 1975 - 1992 1992 - 1999 1999 - 2004 2004 - 2005 2005 - 2009 2009 - Present (1959 - 1975 50th Anniversary)
  • 38. They don’t really have exposure to Barbie dolls because they don’t watch linear TV so they don’t see ads. They do watch Barbie on Netflix, but they don’t associate it with a product they can buy. -Larry She’s too young for Barbies. She has one but doesn’t play with it. She prefers Disney character stuff to Barbie. -Marni I worry about the "message" that Barbie sends little girls. But I also really loved Barbie so I'm conflicted! Honestly, I think that as it stands right now I probably wouldn't buy Abigail a Barbie. -Erin She’s okay with Barbies, views them as just toys, not role models. She prefers Everafter High and Monster High dolls because they come with elaborate back stories, whereas Barbie is just “Nurse Barbie” etc. -Gabby Survey Insights
  • 39. - Aligning under #BESUPER: superhero, superstyle, superstar - Emphasis on empowerment, inspiration, and style - Many messages, leading to brand confusion - Barbie sales declined 16% in 2014, compared to a 2% decline for other Mattel Girls brands - Barbie’s brand equity has been steadily declining amongst parents of girls under the age of 12 over the past 3 years Brand Sales & Equity Brand Perception Brand Strategy - Barbie is perceived as less trendy and less of a good value today than in 2012 - Today, Barbie is considered more prestigious and authentic than in 2012. Nostalgia is the main driver of the Barbie brand in 2014 Today: The Barbie Brand is in Decline
  • 40. ● Female Empowerment ● Age Compression ● Shift to Interactive Toys ● De-emphasis of Linear Advertising ● Maker Movement ● Open-Ended Playtime ● Mini Madness ● “SMART” Play ● Inclusion of Back Story Trends in the Toy Market
  • 41. Brand History 1959 Introduced by Ruth Handler, cofounder of Mattel 1961 Ken introduced 1988 First Hispanic friend, Teresa, introduced 1997 “Talk with Me” Barbie introduced 1963 1968 1971 1986 1992 2004 2009
  • 42. ● Introduced in 1959 by Ruth Handler, cofounder of Mattel ● Barbie filled an untapped niche for teen and adult dolls in America ○ At the time, baby and toddler dolls dominated the market ● Over the next 55+ years, hundreds of Barbie variants have been introduced, along with numerous complementary toys ● The Barbie doll has become an iconic symbol of childhood, and America, across the world ● The Barbie brand today is about more than just the doll; it is about inspiring and encouraging young girls to express and explore their individuality Brand History
  • 43. Barbie The Teenage Fashion Model doll debuts at Toy Fair in New York. Barbie: Timeless Style Barbie gets a boyfriend named Ken. She also becomes a ballerina, flight attendant and registered nurse. Barbie is an astronaut. Barbie gets her first Hispanic friend, Teresa. The first Barbie in the (Christmas) Holiday Series is introduced. Barbie gets her first Asian friend, Kira. Barbie goes high tech. “Talk With Me Barbie” gabs up a storm with the help of a CD-ROM and computer. Barbie turns 40. 1959 1965 1990 1999 1961 1988 1997
  • 44. Parents of female children under 12
  • 46. Current Consumer TARGET MARKET UNMET NEEDS - More children trending towards interactive games on mobile/tablets - Barbie not aligned with entertainment industry, which is driving toy sales Interplay between 2 dynamics: - Mom’s thirst for nostalgia - Child’s attraction to the product PURCHASING PROCESS - Barbie’s core demographic used to be between the ages of 3 to 12, but is now a more narrow 3 to 6 - Target market is not only shrinking, but getting younger