KFC Doubles Down, prepares for a bust
April 20, 2010
What’s the difference between flash and substance?
Let’s ask Kentucky Fried Chicken.
Since 2005, Kentucky Fried Chicken (or KFC, depending on the day) has seen its market share drop. It’s not a drastic drop, but it’s enough of a drop to raise concern – especially as the fried chicken industry expands and challengers Popeye’s and Chick-fil-A rise to fill market share.
According to a AdAge report, KFC is down to 30% of the chicken market. Add to that over a 1.5 billion dollars in growth, and a LOT of people are either switching from (or outright shunning) the Colonel.
And that brings us to KFC’s recent flash: The Double Down.
The Double Down, if you haven’t heard, is a sandwich – and that term is being used VERY loosely – that uses two fried chicken breasts instead of bread. Inside is a cheesy goo mixture of bacon and grease.
It’s really nothing more than a marketing ploy – the same type of empty strategy that KFC has used constantly through the last several years. It brings to mind the grilled chicken experiment, which was more “Oprah’s talking about our grilled chicken!” than “we believe you should eat grilled chicken because it’s what you want.”
On the other hand, Chick-fil-A offers healthier options as a matter of principle – not as a marketing ploy. They are enjoying the ride as an underdog, pushing the horses to a cultish status. They use better chicken. They employ people you actually want to buy chicken from. They serve it in stores you actually want to eat chicken in.
Chick-fil-A isn’t depending on decades of market dominance and flashy hype machines to sell chicken. It’s depending on substance.
KFC? Well, they’re doubling down on their bet that you’ll eat anything. And while sales may spike for a short amount of time as people rush to try this monstrosity, they’ll soon fall back to where they were.
Flash vs. substance? One gets you attention. The other gets you loyalty.
Which do you think KFC would rather have?
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