Cannes Lions
ALMACEN, Olivos / MINICUOTAS RIBEIRO / 2014
Overview
Entries
Credits
Execution
The execution was relevant to the product because it clearly nailed it down on Ribeiro´s unique Mini Installments payment method. And specially for the unbanked, those who have no credit card and pay everything in cash. These people represent almost 70% of Ribeiro´s sales.
Outcome
In the first 30 days since the release of the 100,000 intervened bills this are the results:
- 1359 bills came back to Ribeiro and became sales.
- 872 new customers where brought to the 70 stores along the country.
- Traffic to Ribeiro´s website augmented 7%
- With 0 media investment the action drove sales for AR$816,000 PESOS.
- The production cost to intervene the bills and deliver them to the Ribeiro stores was only AR$14,000 PESOS
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