Friday, 23 July 2010 16:01

Online Ad Spend Resumes Rapid Growth

online_ad_spending_lscOnline advertising spending will resume double-digit growth in 2010, reaching $61.8 billion worldwide, according to eMarketer.

Unlike other major media, online advertising spending increased in 2009, growing 2 percent to $55.2 billion, the research firm reported.

By 2014, eMarketer estimates online spending will leap to $96.8 billion worldwide, growing at an 11.9 percent compound annual rate, despite the slow, uneven and fragile global economic recovery.

Published in Digital News & Info

graph_thrive_in_economy_lscLike many others, you're probably thinking about how this uncertain economy is going to affect your business. It's surely a hot topic among retail marketing leaders. Brands that thrive in recessions tend to be very focused on better merchandising at retail. When budgets are tight, we have to focus on what we know actually sells." This isn’t about creating new brand identities, this is about return on investment at retail.”

Published in Retail

trader_joes_grocery_lscGrocery stores, like consumers' food budgets, are shrinking. This month Wal-Mart Stores Inc. opened four pilot Marketplace stores in Arizona that are half the size of a traditional supermarket.

Supervalu-owned Jewel-Osco is testing its own small-format store in Chicago known as Urban Fresh. Safeway trialed its version in Southern California. And Whole Foods has said it is scaling down the size of its new stores.

Published in Retail
Friday, 23 July 2010 10:42

Unilever to Test Mobile Coupons

mobile_coupon_lscIn Trial at Supermarket, Cellphones Will Be the Medium for Discount Offers

Seeking to marry a ubiquitous device with a time-tested marketing technique in a sour economy, Unilever plans to begin a trial run Sunday of a new technology that lets consumers redeem digital coupons by having a supermarket cashier scan their cellphones.

The test, being conducted at a ShopRite store in Hillsborough, N.J., will include discount offers for some of the Anglo-Dutch packaged-goods company's most popular brands, including Breyers ice cream, Dove soap, Hellmann's mayonnaise and Lipton tea. Samplesaint, a Chicago mobile-technology firm, developed the system.

Published in Retail

uk_grocers_price_fight_lscBRADFORD, England -- The global recession is spoiling the summer for a lot of industries, but not the U.K.'s supermarkets. They're loving it. With an estimated five million Britons staying home this summer instead of traveling, the country's leading grocers are slugging it out for shoppers' time and money. They're slashing prices, launching new budget brands and taunting the price claims of rivals in advertising.

Published in Retail

advertising_loudspeaker_lscMarketing a product to a consumer necessitates getting the word out to the public – buy our product and you will get the best bang for your buck. In today’s economy, consumers are not handing out their bucks so quickly. People are being more thoughtful and cautious before parting with their dollars.

Many economists have declared a recession is already here, thus fueling a critical change in thinking for millions of consumers. We have witnessed gas prices across the nation climbing toward or over the $4.00 a gallon mark, the volatility of the stock market, and the soaring number of home foreclosures due to the subprime mortgage financing crisis. With all these conditions preying on us, we are forced to take a more introspective and analytic approach when it comes to personal buying habits.

Published in Business Development
Tuesday, 20 July 2010 16:39

Step 5: Track Performance

graph_track_performance_lscYour coupons have been distributed. Using a formal process to track your promotion's performance lets you see the true value of your coupon promotion.

Published in Coupons
Tuesday, 20 July 2010 16:29

Step 2: Planning

planning_timing_clock_lscOnce you've decided that a coupon promotion fits into your marketing plan, it's time to determine the fundamental factors in creating the promotion.

Published in Coupons

Promotion planning is a necessary step when considering sales building programming.

The following chart is designed to guide you through the promotion planning and evaluation process:

Steps

Guideline(s)

Preliminary

  • Project timing, type and dollar level of competitive promotion activity.
  • Develop a calendar of competitive activity to help determine the competition's strategy. The competitive calendar can also help preempt a competitor's promotional activity.

Preliminary

  • Consider the brand's promotional history, purchase cycle, seasonality and budget.
  • Were any previous promotions for this brand unusually successful or unsuccessful?  Are there findings from previous promotions that can be applied to the current promotion?
  • Is the brand seasonal? If so, what is the best time for promotional activity.

Setting Strategy and Objectives

  • Determine the objective(s) of the promotion. Make sure the objectives are measurable and have specific time frames.

Setting Strategy and Objectives

  • Develop the promotion strategy, specifying how each objective will be achieved.
  • Determine the target audience. Is the goal to reach a specific group of people or as many people as possible?
  • What is the promotion budge?

Setting Strategy and Objectives

  • Examine the available promotion tactics.
  • Select the tactics that best fit the objective, target audience and budget.
  • For maximum impact, find creative ways to integrate consumer trade and sales promotion.

Setting Strategy and Objectives

  • Specify and schedule the program's logistics. Determine the approval process.
  • Select the types of media to be used.
  • Determine how the creative will be developed and executed.
  • Determine who will notify sales, finance, marketing research, etc. of the promotional plan.

Execution

  • Execute the promotion.

Monitoring

  • Monitor the promotion as it progresses.
  • Is the program over or under budget?
  • Do funds need to be reallocated to this program?
  • Can funds be taken from this program and used elsewhere?
  • Are strides being made toward meeting the program's objectives? If not, what will it take to get the program back on track?
  • Should the program be supported with advertising?
  • Are stores keeping the product in stock and readily available to consumer?

Evaluation

  • Evaluate the promotion. Were objectives met?
  • Was the program unusually successful or unsuccessful? Why?
  • Should this type of program be repeated?
  • What findings can be taken from this program and applied to future programs?

Published in Promotion 101
Tuesday, 13 July 2010 14:10

Difficult Economic Times

tough_economic_times_lscValue programs and other strategies revealed.

A report from Nielsen Consumer Insight suggests that by October 2008, one-third of all U.S. consumers in a survey said they didn't feel secure in their jobs, while half believed they were worse off financially than a year ago. As a result, consumers are taking steps to cut back spending, particularly on major purchases for the:

Published in Retail

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