Food for Thought Leadership: Nostalgia vs. Novelty with Mike Kostyo
Menu Matters vice president Mike Kostyo joins Chris Campbell to discuss the push and pull between nostalgia and novelty in the food industry.
Menu Matters vice president Mike Kostyo joins Chris Campbell to discuss the push and pull between nostalgia and novelty in the food industry.
Some of the takeaways from the Circana report indicate that inflation has generally gone pretty easy on the beverage category, prompting marketing teams to “promote their relative price stability and find ways to demonstrate value, recognizing that ‘value’ doesn’t always mean lower price,” and that premium categories continue to outperform more value-based brand propositions.
The Pitbull-launched intra-store restaurant is part of a larger, $9 billion plan to make “upscale changes” to stores and bring in more recognizable and coveted brands and influencers. For Walmart, pairing with the king of collaborations is a natural choice.