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Coca-Cola calls Black and Hispanic consumers the 'core focus' for the future


By David Goetzl
Mediapost.com
(November 18, 2009)
Coca-Cola's top stateside marketing executive delivered some auspicious words for Univision and BET this week, saying targeting "multicultural" Americans will be paramount for the company over the next decade.

So-called general market networks may also take heart: Coke's efforts to reach moms -- household decision makers -- will continue to include a heavy dose of national TV, even as the marketer diversifies into other media.

In 2008, Coke's U.S. ad spending totaled $752 million, per Ad Age.

Speaking at a company investor event, North America CMO Katie Bayne (pictured) said "multicultural consumers are our core focus" as Coke looks toward 2020. The "multicultural" segment accounts for 33% of North American sales across all brands today -- with the figure expected to reach 40% in 10 years. In addition, 51% of American teens today are "multicultural," auguring new opportunities, Bayne said.

Bayne said Coke no longer cooks up media plans targeting Hispanics around major events, but hopes to reach them all year.

"It is no longer the Hispanic Heritage Month followed by Cinco de Mayo," she said. "We have 12 months of deep connection." Next year, those efforts include World Cup-related promotions targeting Hispanic males and telenovelas for females. Powerade is one brand with resonance among the demo Coke will emphasize.

Marketing programs -- particularly on college campuses and backing Sprite -- aimed at African-Americans are also an emphasis point. The company, which ran a memorable spot in the Super Bowl several years ago, said it was the first time there were two African-American coaches. It may look to extend promotions behind Black History Month into an extended effort that could reach three months.

Among moms, Bayne said TV will continue to be a linchpin of all efforts.

"Television's very important," she said. "Of all the mediums -- yes, she swaps information digitally -- but she spends 4 hours and 14 minutes every day with the TV on."

A focus in 2010 aimed at moms will be around the new Coke "Mini" can, which launches nationwide in the first quarter.

Target Market News  (No pun intended) more here.
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