EPISODE · Jul 29, 2023 · 38 MIN
How Tyrrells used brand to justify a 29% price increase in a highly sensitive segment
from On Strategy Showcase · host Fergus O’Carroll
The instinct when trying to justify a price increase is to lean on rational factors: quality, value, distinct features. Tyyrells suggests the opposite. It demonstrates how a characterful brand backed by sufficient marketing spend can achieve the same goal, but profitably. I'm joined by Dan Hulse, CSO at St. Lukes, London.
What this episode covers
The instinct when trying to justify a price increase is to lean on rational factors: quality, value, distinct features. Tyyrells suggests the opposite. It demonstrates how a characterful brand backed by sufficient marketing spend can achieve the same goal, but profitably. I'm joined by Dan Hulse, CSO at St. Lukes, London.
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How Tyrrells used brand to justify a 29% price increase in a highly sensitive segment
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