Nielsen unveils winners of Breakthrough Innovation Awards
HOLLYWOOD, Fla. — Nielsen announced the winners of an award that honors new products that succeed on multiple dimensions over a three-year period.
The Nielsen Breakthrough Innovation Awards, which were presented at the company’s Consumer 360 event in Hollywood, Fla., honored products for exhibiting the following attributes:
Distinctiveness: a new value proposition. Brand re-stages, ingredient reformulations, re-packaging, size changes, and close-in line extensions were excluded;
Relevance: One-year sales of $25 million or greater in the channels Nielsen historically measures;
Category impact: Outperformance of the average product in its category on sales velocity, as measured by sales per distribution point; and
Endurance: True success is measured over time. Winners were required to at least maintain or grow sales in year two, achieving at least 90% of year-one sales in year two.
Nielsen analyzed more than 11,000 new products in the United States between 2008 and 2010. Of the products evaluated, only 34 products met award criteria. These products included:
2008: Zyrtec, Bud Light Lime, Arnold Select Sandwich Thins
2009: Chobani, Prevacid24HR
2010: Glaceau Vitaminwater Zero
2008: Nature Sweet Cherubs, Powerade ION4 Zero, Wonderful Pistachios, Tide Total Care
2009: SoBe zero-calorie Lifewater, Trop 50, Trident Layers, Plan B One-Step, Budweiser Select 55, Next Choice, Dove Men+Care
2010: Silk PureAlmond milk, Thomas’ bagel thins, U by Kotex, PF Chang’s Home Menu, Schick Hydro
2008: Keebler Town House Flipsides, Miller Genuine Draft 64, Always Infinity, K-Y Yours+Mine
2009: Nature Pride Variety Bread, Olay Professional Pro-X, Align Probiotic, Tide Stain Release, Fancy Feast appetizers
2010: Special K fruit crisps, Oscar Mayer Selects, Lean Cuisine market collection
This is the first year Nielsen has presented the award.
"To successfully launch a new product in any economy is beating the odds, but to launch and sustain success during a recession is remarkable," Nielsen SVP product innovation Vicki Gardner saod. "Breakthrough Innovation Award winners have unique bragging rights among CPG innovators."
Active Health Foods announces deal with GNC
RIVERSIDE, Calif. — Active Health Foods announced that its Active X energy bars will be sold across 600 GNC outlets, thanks to an agreement the company has inked with the retailer.
Two varieties of the Active X line — Almond Chocolate Delight and Peanut Butter Chocolate Joy flavors — will be sold at GNC stores. The bars are all-natural, certified organic, kosher and vegan.
"Our agreement with GNC for our Active X Almond Chocolate Delight and Peanut Butter Chocolate Joy energy bars represents a monumental opportunity for Active Health Foods," aactive Health Foods president and CEO Greg Manos said. "Active Health Foods is looking forward to building on this success and further expanding our exposure to the public through the thousands of GNC outlets."
Coinstar completes $100 million deal for NCR’s DVD kiosks
BELLEVUE, Wash. — Coinstar said Monday it has completed its $100 million acquisition of DVD rental kiosks and other assets from NCR.
Under the terms of the deal, Coinstar will buy products and services from NCR. According to Coinstar, the addition of the kiosks will allow its Redbox DVD rental kiosks to expand to new retail partners.