07.01.2013 Views

2012 100 - Networld Media Group

2012 100 - Networld Media Group

2012 100 - Networld Media Group

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

63<br />

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!