We are promoting the latest issue of Girlfriend magazine with this aisle end display. The free summer dress with each issue is sure to drive sales.
In addition to this aisle-end display, we are also promoting the title with a half waterfall display in its usual location next to our women’s magazines.
There are plenty of Girlfriend readers in shopping malls at the moment and we’re leveraging the opportunity.
A colleague at my newsagency software company shared a story about his 85 year old grandfather using an iPad for the first time over Christmas. Within a few minutes of being shown the Herald Sun iPad app he was reading the newspaper and loving the experience. The real test came when he wanted to do the crossword. Again, he loved the experience, declaring the iPad a hit.
The experience turned someone who figured that the older readers would be the hardest to convert from print to digital into a believer that digital has no age barriers. The question from those who watched the 85 year old was not a matter of if newspapers would end but when.
While I do see challenges for newspaper sales in the near-term, I see less challenges for magazines, especially special interest titles and magazines which offer valued content. We are making the most of traffic today to connect with shoppers in new categories and to become known in these. Our focus is on key occasion shopping and habit based shopping. These are two excellent opportunities for newsagents.
So, while I recognise that print readers will migrate, we are adjusting the business to ensure relevance and, indeed, drive new traffic.
We are promoting the launch issue of New Idea Jumbo Puzzler with placement next to New Idea in our weeklies section as well as prime placement in our crossword section. This launch has hit at a good time with crossword sales strong in January as people take time off and look for things to occupy their time.
We were ready for this new title launch thanks to advance warning from publisher Pacific Magazines. This enabled us to ensure that everyone on our team was ready to embrace the opportunity.
I also appreciate the scale out by Pacific on the title. It’s not over the top. I certainly feel comfortable that we will be able to come close to selling out prior to the next issue in a month.
Our plan is that we will leave New Idea Jumbo Puzzler with New Idea this week and then promote it with newspapers next week. we know that our shoppers love crossword titles, they account for 9.43% of total magazine sales so I expect this new title to be an easy sell for us.
The closure of the XchangeIT help desk these days between Christmas and New Year is frustrating for newsagents who have experienced problems with the XchangeIT, especially where a reinstallation of the software is required. I know of one newsagency where this has happened already and XIT is MIA. The workaround may mean that for this store their compliance stats are not so great – but that’s the fault of XchangeIT and their poor customer service through this period.
Our magazine unit sales grew 39% in December to the close of business December 24 compared to the same period last year.
To put this in perspective, store traffic grew 9% in the same period.
What is most interesting is that Special Interest titles grew 136%. They now account for 18.54% of all magazines sold, up from 12.23%. Special interest titles are important in that they are mainly titles which no other retailers carry.
The other favourite category of mine is Crosswords. Sales are up 74% and this category accounts for 9.43% of total magazine sales. Crossword sales are important as they deliver us a habit based shopper. I love habit based shoppers … they are the foundation of any good newsagency.
We are working hard to reduce our overall reliance on major titles while growing their sales at the same time. Sales of Women’s Weeklies titles grew 8% this year compared to last. This is excellent in a market recording an average decline of 5%.
But let me come back to the traffic increase of 9%. The magazine sales growth speaks to an extraordinary increase in sales efficiency. This is the result of planning and hard work. While we are frustrated with the magazine distribution model, we work it hard … the results are in the numbers.
So, for all the doom and gloom some people talk about, we can make our own success. I put some of our success down to the complete magazine relay I undertook three months ago. While there are other factors, our sales graph shows this as a key contributor to our most recent sales growth. Every newsagent can kick start magazine sales with a well planned and aggressive relay.
We are promoting kimmidoll calendars and diaries near frankie magazine – partly because we have space while we what for replacement frankie stock and partly to make the most of the kimmidoll opportunity we have negotiated.
We have two copies of frankie left – this issue has sold exceptionally well. If we can get the stock we are after we are certain to increase sales by more than 20% over the last issue.
While the makers of frankie and kimmi may disagree (we donut know) our assessment is that the two products appeal to a similar enough shopper for us to place them with each other. The proof will be in sales activity.
We are doing this in a number of places in-store – placing calendars with magazines to drive impulse purchases of calendars.
Every year at around this time we promote Travel Journals and every year we enjoy a terrific sales boost. While not massive in terms of revenue, the sales kick for an excellent margin is most welcome. What is also good is the efficiency – it is rare that travel journals are sold alone.
We move our travel journals around to catch impulse purchases … from their usual location to the front of the newsagency to next to travel magazines.
Travel journals are a good point of difference for newsagencies.
We sold 1,296 stickers from The Sticker Family in the run up to Christmas, generating more than $4,000 in sales in 24 days. Our stock turn has been more than 25 times this year. For me The Sticker Family is the product range of the year. It’s space efficient, attracts new traffic and is wonderfully sales efficient – shoppers often add stickers to their basket.
While I understand that interest in the current range will fade over time, I am confident that we will enjoy good sales for some time yet. This is being helped by the fridge magnet range which has been released.
The Telegraph in the UK is reporting that the government is considering new regulations which could include a requirement that lads’ magazines are covered up. I understand the tobacco move given the health imperative. I think covering something like Zoo or Maxim would be taking it too far. Many retailers respond now with careful placement.
I bang on here a bit about location and being tactical in placement of products to drive sales. Newsagencies have some excellent location opportunities: the counter, next to newspapers, next to weeklies, at the entrance (and exit), next to the photocopier and behind the counter.
I find it interesting to see what does not work at these locations, especially the best of the best locations. Over the Christmas period I have been surprised that some placements in these best of the best locations have not worked. It’s been a reminder that the location is sometimes only as good as the product you place there.
It’s lunch time on Boxing Day and we have already passed last year’s numbers in many departments. We have what look like loss leaders to pull traffic … driving excellent sales for other departments. For example, in magazines, unit sales at lunchtime are up 50% on total day sales for Boxing Day last year.
While being in a shopping centre has its challenges, days like today are terrific.
Here are some tactical magazine placements which have worked for us in the lead up to Christmas: Women’s Health & Fitness magazine at the counter, Junior Master Chef cookbook at the counter, Women’s Weekly Cookbooks at the entrance, Better Homes and Gardens with newspapers and crosswords with weeklies.
In the 24 days to Christmas we sold 39% more magazines than for the same period last year. And that’s off a good base.
Now, in sale mode, we’re leveraging the extra traffic of bargain hunters.
The only dark spot for us in the lead up to Christmas has been the actions of ACP which I have covered here already.
I wish everyone passing by today all the best for a happy, safe and heart-warming Christmas. Newsagents, enjoy the day off. Anyone else taking a longer break … relax and stay safe.
Just a few minutes ago, out the front of my newsXpress Watergardens newsagency, an ACP Magazines magshop representative was calling out at the top of their lungs:
Last minute Christmas gift ideas, Magshop, we are here to help
This was easily heard by shoppers in my newsagency and those in the mall in front of my newsagency. The ACP Magshop representative is promoting the ACP Magshop outpost in the centre, like the ACP Magshop outpost Knox City.
Thanks ACP. Merry Christmas.
As out store manager said who called to let me know – after all the support we provide for magazines, all the work we do, they come to us to steal our customers.
The team at the newsagency has every right to be upset and despondent about this.
I cherish supplier relationships which are mutually respectful. Actions speak louder than words.
It is interesting that New International’s Sunday Times is to publish first the first time ever on a Christmas Day. however, this will be a digital only edition and it will be free … promoting their iPad and Android Apps. Smart move given the number of devices likely to be given as Christmas gifts.
The other aspect of the move which is interesting is that they are offering a digital only publication for a title which has such a long tradition in print. Some say this is a sign of the times.
The Age yesterday was $2.70, the usual price for a Saturday. But the paper was not the usual Saturday newspaper. I don’t understand why they didn’t publish a Friday newspaper, leave today’s at $2.70 and let it be the bumper to run through Christmas.
I was in a supermarket yesterday and asked one of the checkout staff about the $2.70 price as they had the paper for sale at the checkout. Their comment was priceless: “yeah, dumb if you ask me but it’s The Age”. Maybe they missed the memo.
Newsagents in shopping centres need to fully embrace the centre hours and opportunities. I mention this because I’ve heard from a couple of people this week who have visited shopping centres for late night Christmas trading and have found the newsagency in each centre closed. This was early in the evening.
A dark newsagency in a busy centre with all other retailers around open sends a bad message not just about the business but the channel more widely.
I can understanding closing an hour early if the shop and centre are completely dead, but three or four hours early is not good.
I appreciate that there is a cost with being open such long hours. But we know this when we go into chopping centres.
Thanks to a comment here by h, I moved copies of the latest National Geographic magazine from its usual location to our newspaper stand. I appreciate the tip and agree that the cover story about the King James Bible is sure to drive some impulse purchases. I am excited to see what happens … it’s always good to see a sales lift from a cover on a title like National Geographic.
Thanks h for sharing the idea.
We are promoting the latest issue of the Australian Women’s Weekly with this display at the entrance to our women’s magazine aisle.
The last issue of AWW did very well for us, with just one copy left to return. We saw more sales of this issue of AWW right through the on-sale even to the last day. We usually see sales more or less stop by week three.
The cover shot for this issue will be a challenge for the more traditional AWW reader. The magazine is clearly chasing a younger than traditional audience. I may be wrong (and hope I am) but I suspect that the cover and display will generate some complaints.
Check out this TV news report from ABC Lynchburg in the US.
While this is a local story from a local perspective it covers issues which will resonate with all greeting card retailers.
Check out this video of someone walking into the reception area of my newsagency software company earlier this week and stealing two snow globes from our reception desk. The video is a lesson in the ease with which some people execute theft. It teaches us something about vigilance.
Untitled from mark fletcher on Vimeo.
They chose their time well as the reception desk was unattended only momentarily.
Stealing snow globes? What’s the world coming to!
I was asked by mediaweek magazine to reflect on what I thought were the top five events affecting newsagents this year. It was tough because 2011 has been a big year. I tried to write thinking of the audience for the magazine – people in the media, publishers, distributors. Click here to see what I wrote.
While there are plenty of other events and changes this year which should be recorded, I needed to stay within the brief. I am happy with my final list.
I appreciate the opportunity by mediaweek for newsagents to be represented in the magazine in this way.
I’d be interest in comments from other newsagents on the big events this year as they see them.
Gordon and Gotch has once again showed their skill at magazine distribution by increasing our supply of Quilts & More magazine by 50%, two copies, with the latest issue. Any reasonable assessment of our sales history (click on the image to see this) indicates that an increase in supply is not warranted. All I can think is that Gotch wanted to place the stock somewhere and not in their warehouse.
The CEO of Gotch claims that the company does not oversupply newsagents. Here is one more example of oversupply. Sure it is only small, two copies. Multiply this across hundreds, if not thousands, of newsagents and you get a feel for the impact it could have, the cost it could impose, on newsagents.
Gotch says we have control through early returns and their website. This is not true. Control would be me having absolute control over all titles and quantities and nothing being supplied outside of this. Gotch refuses to give newsagents this level of control yet they use it as a defence to the ACCC and the like to hit back at complaints such as the one I am making on this blog.
In 2012 we need to focus our attention on this behaviour as it is financially harming the entire newsagency channel and costing us millions of dollars.
The creative team at my newsagency software company Tower Systems has produced a couple of posters for newsagents to use in promoting Boxing Day Sales this year. Click here for the blue poster and here for the red poster. Have a great sale!
Our plan in my own newsagencies is to stick with tradition and run a box Boxing Day Sale. We have planned for this and are set to offer some excellent deals.
We are promote g the latest issue of Inside Cricket with prime positioning with our sports magazines plus this placement at the counter – next to where we sell cricket tickets. While it’s not been a massive title for us, we are hoping that the good media coverage for the big bash form of the game will help drive interest from new fans. This is why we are happy to give the title some space in this prime and valuable position.