Marketing Factoids

  • Music sales in the United States will decline to $9.2 billion in 2013, from $10.1 billion this year. source ›
  • Acquiring a new customer costs about five to seven times as much as maintaining a profitable relationship with an existing customer source ›
  • Consumers ages 18 to 27 say they use the Internet nearly 13 hours a week, compared to viewing 10 hours of TV source ›
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APR 2007

General Mills Seeks Help From Iron Chef†

Batali's Frozen Pasta Will Appear in Aisles of Warehouse Retailers

Wall Street Journal, April 4, 2007 — General Mills Inc., maker of Hamburger Helper, is trying to find some extra help in the kitchen. For starters, it has turned to celebrity chef Mario Batali. Like other consumer-products companies such as Procter & Gamble Co. and Kraft Foods Inc., General Mills is craving fresh ideas from outside its own research-and-development group. Two years ago, General Mills began forming a world-wide "innovation network."

Category: Brand Strategy
Tags: General Mills, Licensing, New Products

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