Do you often see BESTORE's snacks on the Internet or in the supermarket, and you are excited, but you feel that it is a bit expensive and reluctant to place an order?If so, then you are blessed, because BESTORE has recently launched another wave of big price cuts, so that you can enjoy more delicious food at a lower price**. Is this a generous gesture by BESTORE, or is there something else in mind?What is the competition in the snack market?
The motivation for BESTORE's price reduction: to increase market share and brand influence
BESTORE is a well-known snack food brand in China, founded in 2006, mainly producing and selling snacks in the categories of nuts, bakery, meat, vegetarian and other categories. BESTORE's products are loved by consumers for their high quality, good taste and exquisite packaging, and have also won market recognition, and it was successfully listed on the Hong Kong Stock Exchange in 2019, becoming a leader in the snack industry.
However, BESTORE is also facing fierce competition, not only from peers, such as Three Squirrels, Baicaowei, Laiyifen, etc., but also from the impact of e-commerce platforms, such as Pinduoduo, Jingdong, etc. There are a large number of snack brands on these platforms, which are inexpensive and have a wide variety, which has attracted the attention of many consumers. Although BESTORE's products are relatively high, some consumers are discouraged, or only buy occasionally.
In order to increase its market share and brand influence, BESTORE decided to adopt a price reduction strategy to attract more consumers and increase sales and revenue. According to reports, following the release of the price reduction news at the end of November, BESTORE launched another wave of price reductions, selecting large items in core categories such as nuts, baking, meat, and vegetarian foods from the 300 snacks in the first wave of price reductions, with a price reduction of about 30%-47%.
Among the products that BESTORE has reduced this time, there are not only super single items of shredded pork and crispy pancakes, but also duck necks that have been hotly searched, as well as konjac shuang, which has a monthly sales of 6 million yuan on e-commerce. The most representative is the "Pure Pure Nut Kernel", a 400-gram canned product from 59$9 dropped to $38$9. Hot selling 10 years of large item crispy crepes, each box from 129 yuan down to 10$9. After the first round of price cuts, sales of crispy crepes increased significantly month-on-month.
The impact of BESTORE's price reduction: leading the transformation of the snack industry
BESTORE's price reduction is a challenge to the snack industry, bringing pressure and crisis to other snack brands. BESTORE's price reduction means that it occupies a greater advantage in the snack market, seizing more consumers and squeezing the living space of other brands. Other snack brands, if they don't want to be swallowed up by BESTORE's price reduction, must respond, either follow the price reduction, improve quality, innovate products, or look for differentiation, only by constantly changing and progressing, can they survive this war.
It is also a guide to the snack industry, bringing opportunities and inspiration to other snack brands. BESTORE's price reduction illustrates its position and strength in the snack industry, and also demonstrates its insight and judgment in the snack industry. BESTORE's price reduction reflects the needs and preferences of snack consumers, and also indicates the development and trend of the snack market.
Other snack brands, if they want to benefit from BESTORE's price reduction, must learn and learn from it, either follow the price reduction, improve quality, or innovate products, or look for differentiation, transformation and upgrading, or withdraw from the market. This is a beneficial snack revolution that no one can afford to sit idly by, and only by constantly observing and learning can we grow and develop in this revolution.
The significance of BESTORE's price reduction: to improve the quality and value of the snack industry
BESTORE's price reduction is an upgrade to the snack industry, improving the cost performance of snack products and meeting the needs and expectations of consumers. BESTORE's price reduction allows consumers to enjoy higher quality at a lower price, which is a kind of respect and care for consumers, as well as a kind of feedback and gratitude to consumers.
BESTORE's price reduction allows consumers to choose and buy snacks more freely and with confidence, without worrying about the burden of the best and without worrying about the quality, which is an encouragement and incentive to consumers, as well as a kind of trust and appreciation to consumers. BESTORE's price reduction allows consumers to enjoy snacks more happily and satisfactorily without worrying about the impact on health or disappointment of taste, which is a kind of satisfaction and reward for consumers, as well as a kind of recognition and respect for consumers.
It is also an upgrade of the snack industry, which improves the social responsibility and credibility of the snack industry, and enhances the social benefits and public value of the snack industry. BESTORE's price reduction has allowed the public to see the integrity and conscience of the snack industry, and also let the public see the progress and development of the snack industry. The price reduction of BESTORE has prompted the snack industry to pay more attention to and pay attention to the needs and interests of consumers, and also prompted the snack industry to pay more attention to and pay attention to social norms and requirements.
BESTORE's price reduction has prompted the snack industry to pay more attention to and improve its own quality and level, and also prompted the snack industry to pay more attention to and enhance its influence and value. BESTORE's price reduction is a contribution and dedication to the snack industry, as well as an affirmation and encouragement to the snack industry.
BESTORE's large-scale price reduction is not only a substantial feedback to consumers, but also a positive change in the snack industry. This price reduction will increase the popularity of snack products, prompting peers to actively adjust their strategies to adapt to market competition. Consumers will taste more delicious at a more affordable price, and the snack industry has won more recognition in terms of social responsibility and credibility. This snack war has brought new opportunities to the industry, calling for higher quality and wider selection of snack products. Can price reduction solve the urgent need of BESTORE?