By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Stocks > Small businesses want a piece of Barbie’s world
Stocks

Small businesses want a piece of Barbie’s world

News Room
Last updated: 2023/07/24 at 2:54 PM
By News Room
Share
5 Min Read
SHARE

© Reuters. FILE PHOTO: Barbie-themed merchandise is displayed at a mall in Glendale, California, U.S. July 17, 2023. REUTERS/Lisa Richwine/File Photo

By Kailyn Rhone and Arriana McLymore

NEW YORK (Reuters) – It is Barbie’s world, and U.S. small businesses hope their social-media marketing can help them cash in on it.

From Malibu makeovers to striped dog bandanas to hot pink cocktails, many small business owners have latched on to Barbie-inspired products to get more eyes on their websites and social media accounts ahead of Friday’s U.S. release of “Barbie,” the movie set to become a cultural sensation.

Mattel (NASDAQ:)’s iconic doll brand partnered with big companies including Inditex’s Zara, Airbnb and Google (NASDAQ:) to launch licensed merchandise and products.

But as Mattel-licensed Barbie marketing and products flood big companies’ stores, hotel suites and social media posts, small firms also seek to capitalize on the hype.

“Small businesses may look at the Barbie promotions and dream of that kind of budget and mass brand awareness,” said Brianne Fleming, an adjunct marketing instructor at University of Florida. “But there’s still an opportunity … while everyone is talking about Barbie.”

As of Thursday, the hashtag Barbie had been used 14.1 million times on Instagram and had 50.5 billion views on TikTok, making it a prime target for small brands searching for more visibility online.

Anima Iris, an online retailer based in New York City that sells handmade purses, on Monday launched a 30% off sale for all its pink handbags with Instagram captions including “We’re all about that Barbie Life” and “Hi #barbie. What are you wearing to the #barbiemovie premiere?”

Once the firm saw the excitement around the Barbie movie, it wanted to jump on the opportunity, owner Wilglory Tanjong said. The firm’s post, which features Tanjong using a voiceover from the Barbie movie, is one of the brand’s most-viewed and most liked videos on TikTok.

Stoutridge, a New York-based vineyard and distillery with a weekly email newsletter, blasted out a “spur of the moment” Barbie-inspired hot pink cocktail recipe on Wednesday after only taking an hour to create the drink, said owner Kimberly Wagner. The cocktail, known as “The Barbie,” is a mixture of Blue Curacao, grenadine syrup and club soda.

MoonFire, an arts boutique based in Dallas, Texas, hosted a Barbie-themed collaboration in person with ten small businesses selling hot-pink, Barbie-inspired products. The shops offered free cocktails, flash tattoos and a life-sized Barbie box. Its TikTok video for the event drew more than 100,000 views.

Swag Pup Co, a pet retailer, promoted its Barbie and Ken-themed bandanas for dogs on social media. Owner Mica Garbarino said a “vintage” black-and-white pup outfit sold out within the first few days–faster than her typical pup apparel.

To be sure, even bigger brands without official Barbie licenses are taking advantage of the pink-themed trend. Swarovski’s Soho location in New York City is now decorated with bubble gum pink walls behind its neon pink swan logo. A search for “Barbie” on the company’s website returns rose-gold jewelry and pink gemmed rings.

J. Walker Smith, a consultant at research firm Kantar, said that no matter the size of company, it is important to be on-trend and getting behind the Barbie momentum “is a very good idea.”

“Small businesses are never in a position to create big mega-trends – very large businesses can do that. So, for small businesses, the strategy is to be a quick follower,” he said.

Smith said small brands taking advantage of the Barbie marketing momentum will scoop up more “than just young people” and will grab the “prime marketing target” of women who are in their 30s and 40s.

These women “directly control a disproportionate amount of spending” and they indirectly serve as influencers and gatekeepers to children and teens, according to Smith.

Read the full article here

News Room July 24, 2023 July 24, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
US steps up blockade of Venezuela by seeking to board third oil tanker

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Fraudsters use AI to fake artwork authenticity and ownership

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT…

JPMorgan questioned Tricolor’s accounting a year before its collapse

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Netflix misses Q3 earnings estimates, meme stock trade returns as Beyond Meat rallies 1,300%

Watch full video on YouTube

How subsea cables power the global internet

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

Playa Hotels & Resorts (NASDAQ:PLYA) Delivers Strong Q4 Numbers By Stock Story

By News Room
Stocks

ON24 (NYSE:ONTF) Posts Better-Than-Expected Sales In Q4 By Stock Story

By News Room
Stocks

Evolent Health shares leap on Q4 earnings beat and upbeat guidance By Investing.com

By News Room
Stocks

Chuy’s (NASDAQ:CHUY) Reports Q4 In Line With Expectations But Stock Drops

By News Room
Stocks

Red River Bancshares raises dividend to $0.09 per share

By News Room
Stocks

Ecolab appoints Microsoft executive to board

By News Room
Stocks

Semilux secures $50 million equity deal with White Lion Capital

By News Room
Stocks

US government debt trajectory to push long-term yields higher, says PIMCO

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?