Australian Newsagency Blog

A blog on issues affecting Australia’s small businesses, newsagents, media and small business generally.

Competing with ourselves

Mark
January 17th, 2008 · 1 Comment

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It’s been a year since we opened Sophie Randall Cards and Gifts at Forest Hill, the same centre as the newsagency we have owned for twelve years.

Sophie sells a range of cards and gifts including social stationery. Around 50% of sales are cards.

Over the course of the year Sophie has been compting with the newsasgency, card sales in the newsagency have increased by 12%.

Around 30% of the card range is duplicated in the stores.

That the newsagency has grown card sales while Sophie has had a very good first year underscores the difference between customers a newsagency attracts versus customers a specialist card and gift shop attracts. Various captions perform differently in the stores - this is a source of considerable fascination.

We now have three Sophie stores in Melbourne - all linked with a common technology platform, enabling group buying and management. We are learning every day and enjoying the experience of branching out immensely.

Category: Greeting Cards · Newsagency challenges

1 response so far ↓

  • 1 Nicole Micmacher // Feb 7, 2008 at 9:58 AM

    Please have a look at my site for quality baby ocassion gift tags and baby keepsake albums.

    Nicole
    The Bub Club.

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