2012 100 - Networld Media Group
2012 100 - Networld Media Group
2012 100 - Networld Media Group
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IN-STORE AUDIO<br />
While advertising is most often employed to lure customers into a store, advocates of in-store audio argue that it can be even<br />
more effective once they are there. One current strategy gaining favor among retailers is to build on traditional marketing and<br />
advertising efforts by promoting heavily inside the store. The theory is that shoppers come in with one or a few items in mind;<br />
the goal is to entice them to buy more with well-planned advertising and marketing within the store. An in-store audio branding<br />
channel contributes to a great customer experience, encourages impulse buys, motivates sales associates, and makes their<br />
jobs easier.<br />
64 ANTHROPOLOGIE 65 DOLLAR TREE<br />
Female apparel store Anthropologie, known for<br />
its $300 bohemian dresses, quirky accessories, and<br />
unique home goods is expanding its sumptuous<br />
print catalog to digital platforms with an iPad application<br />
designed to increase brand awareness.<br />
The app lets consumers browse the current collection<br />
and features recent news and social media.<br />
Anthropologie is also looking to increase its social<br />
media efforts by embedding the brand’s Facebook<br />
and Tumblr pages into the app. The mid-upscale<br />
retailer also rolled out a commerce-enabled mobile<br />
website that lets shoppers browse and purchase<br />
clothing items. The app has been criticized, however,<br />
for its lack of a store locator feature, which is<br />
crucial to any shopping app. As part of an effort<br />
to revitalize flagging sales following a three-quarter<br />
long revenue drop, Urban Outfitters named<br />
former Under Armour president David W. Mc-<br />
Creight as CEO of its Anthropologie chain and<br />
eliminated the positions of the co-presidents who<br />
previously ran the brand.<br />
66<br />
Changes in spending patterns, especially among low-end consumers,<br />
necessitated by a weak economy, has led to Dollar Tree’s induction into<br />
Standard & Poor’s S&P 500 Index. The discount retailer’s inclusion came<br />
after Dollar Tree added equity of more than 48 percent over a 52-week<br />
period. More signifcantly Dollar Tree reported same-store sales growth<br />
of 7.1 percent, 4.7 percent, and 4.8 percent during the first three quarters<br />
of 2011, respectively. The last quarter increase of 4.8 percent was aided by<br />
a 1.4 percent higher ticket price and a 3.4 percent increase in customers.<br />
AHOLD USA (STOP & SHOP, GIANT, MARINI’S PEAPOD)<br />
Ahold USA, the U.S. division of Amsterdam-based<br />
Ahold, encompasses<br />
376 units of Stop & Shop, 180 Giant<br />
Foods of Landover, Md., and 148 Giant<br />
Foods of Carlisle, Penn. Ahold USA<br />
accounts for approximately 57 per-<br />
cent of the parent company’s total sales.<br />
Additionally, Peapod.com, based in<br />
Skokie, Ill., provides Internet-based<br />
home shopping and grocery delivery as<br />
an integrated element of Stop & Shop<br />
and Giant Foods, serving markets in<br />
11 states and the District of Columbia.<br />
Founded in 1989 by brothers Andrew and<br />
Thomas Parkinson as a wholly owned<br />
subsidiary of international food provider<br />
Royal Ahold, Peapod has grown to be one<br />
of America’s leading Internet grocers.<br />
33