OPPORTUNITIES IN THE RETAIL MARKET A vertical focus for approaching new clients 2015 The Market Defined Companies you interact with Retailers sell merchandise, generally without altering it and deliver services related to the sale of those products. Retailers fall into two categories: store retailers and non-store retailers. Source: InfoTrends 2011 2 Top Trends For This Market • Retail companies have more customer data than ever before • Mall attendance is in decline…retail business need to be mobile, social and engage in precision marketing • Increased number of media channels used to reach customers • More than half of the marketing spend is allocated to print Source: InfoTrends Capturing the Cross Media Direct Marketing Opportunity 2010 3 Channels Used in Direct Marketing Retail has been quick to embrace using multiple channels in their Unsure, 9.4% One, 9.4% Four, 8.3% direct marketing efforts. If you’re company can provide more than Two, 29.2% print, there’s definitely opportunity to grab a piece of the pie (or donut, rather). Three, 43.3% Source: InfoTrends Capturing the Cross Media Direct Marketing Opportunity 2010 4 Cost: Multiple Channels: Provide alternatives to show flexibility Are they being used as effectively as they can? 5 According to InfoTrends… Did you know that the average annual external print spend in the retail segment equals $28,000? Source: InfoTrends’ Capturing the SMB Communication Services Opportunity 2009 6 So, what are they producing? Retail organizations have a wide • Signage variety of marketing • Point of sale advertising communications needs. All of • E-Mail marketing these needs provide a tangible • Print directories opportunity for your company’s • Printed direct mail services. • Newspaper advertising 7 Bringing More Value One way to differentiate your company is to provide unique materials that enable higher value printed products to be created. Let’s take a look at how Mohawk Specialty Digital Substrates can help you provide this value to your retail customers. 8 Hair Care Salon: Build rewards programs to reduce guest churn 9 Campaign Results • Response rates between 14% - 20 % depending on segment • Advertising to sales ratio: 6 to 14 pieces for one sale • Members using Fantastic Rewards spent almost 33% more than an average transaction • Strong up-sell performance, particularly with female guests who never had a color service Source: PODi.org 10 Why You Should Consider Pursuing this Market The retail market provides many • Campaign management revenue opportunities for you as a • Database management print service provider. The • Data-driven personalization opportunities include these key • Cross media services products and services: • High-quality digital print • Mailing & Fulfillment 11 We can help… Mohawk MakeReady provides practical tools and actionable information for digital printers like you. Visit: www.MohawkMakeReady.com for more tools, to request a meeting, or to join the community. 12
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