File this one under “It Took Them Long Enough!” After dominating the candy-bar-in-a-jar, chocolate-hazelnut spread market for more than 60 years, Nutella finally has some competition from Jif, a company that knows a thing or two about spreadable concoctions.
Jif has unveiled two chocolate-based sandwich toppers – a Nutella-cloned chocolate hazelnut spread and a mocha cappuccino-flavored hazelnut spread. Nutritionally, the Jif options are similar to Nutella (230 calories and 14 grams of fat per 2-tablespoon serving, compared with Nutella’s 200 calories and 11 grams of fat).
Of course, Jif won’t make the same mistake Nutella did and claim that its product is in any way a healthy snack. Nutella recently settled that class-action lawsuit to the tune of $3.05 million.
So why’d it take so long before the peanut butter camp decided to invade Nutella’s turf? This is just a hunch, but we’re guessing that the shocking rise in peanut butter costs opened the door for a surge in Nutella sales and the Jif gang wanted a piece of that delicious, chocolaty pie.
MARKETING LESSON: Don’t be afraid to take a bite out of your competitor’s bottom line (but don’t wait half a century to do it).
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Our newsletter, Biscuits, aims to provide you with the most interesting and relevant bits of
information from our food and beverage blog during the previous month.
When Facebook unveiled its new timeline layout in March, some of the site’s users bemoaned the forced transition, although they’ve mostly warmed up to the new design. On the marketing side, however, Facebook’s timeline has changed the way consumers interact with and experience brands on the social network.
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