The news: McDonald’s is bringing back its Monopoly promotion after nearly a decade, with help from an unexpected retailer: Best Buy.
McDonald’s seizes the moment: It’s no accident that McDonald’s Monopoly is returning at a tough time for the fast-food industry. While the chain has steadily expanding its value offerings to keep cost-conscious customers engaged, depressed sentiment and buying power among lower-income consumers remains a challenge.
Monopoly could give McDonald’s a healthy boost—and not just in short-term sales.
What’s in it for Best Buy: There are clear advantages to partnering with McDonald’s. First, the giveaways could pave the way for Best Buy shopping sprees this holiday season—especially since some of the digital bonuses will expire at the end of the year.
There is also the data component: Players who win $10 bonus rewards can only redeem them through their Best Buy accounts, giving the retailer an opportunity to expand its customer database and enhance the value of its retail media network.
Our take: The partnership between Best Buy and McDonald’s could be a harbinger of things to come, as companies across industries look for ways to broaden their appeal to value-seeking customers—and as retailers with media networks look to bring in more nonendemic advertising dollars.
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