A blog on issues affecting Australia's newsagents, media and small business generally. More ...

Tapping into the Kung Fu Panda interest

kungfu-water.JPGWe have been enjoying good success with these Kung Fu panda books as part of our school holidays book sale.

Licenced product is especially successful at school holiday time.  It’s a safe purchase for parents.  Kids  shopping with their parents drag them to the display.

We configure our stores for school holidays to make the most of the opportunity of the extra and quite different traffic to what we see outside school holidays.  The results can be seen in the sales numbers.

0 likes
Book retailing

Promoting the Free Harry Potter Collector Album

We have been promoting the free Harry Potter Collector Album which comes with the Herald Sun today this week with this display behind the counter.  It’s big, bold and generating plenty of comment.

harry-potter-album.JPG

You can’t miss this from inside or outside the newsagency.  We appreciate the help from the folks at the Herald Sun in organising this.  Talk about creating some retail theatre!

Yes, I know that I bang on here about the slim margin from newspaper sales.  I also write about and appreciate the traffic which newspapers generate for us.  They remain a very important product for newsagents, especially when you see promotions like that which starts today with the Herald Sun.

0 likes
Newspapers

Understanding the real value of ink

hotink.JPGI have been actively promoting ink in my newsagencies since 2004 as regular readers here would know.  Today, ink accounts for 40% of stationery sales and continues to deliver excellent year on year sales growth.  This year has also seen excellent margin percentage growth.  These two points combined with the new traffic the ink flyers generate maake ink a financially rewarding category.

Underneath these top line numbers is another story about ink which is lost on some ignorant people who talk down the value ink can have on a newsagency.

Ink is an efficient category on several fronts.  Managed well, without much time investment, it can easily deliver a stock turn of between seven and ten times a year, more in some newsagencies.  It’s return on investment is considerably above most other departments in our stores.

But the measure which I really like is the sales efficiency, the frequency with which ink is in the shopping basket with more items.  Sometimes this is where ink is the add-on item.  More often, however, ink is the product which drew in the shopper and the other items are the cream.

I have two newsagencies with permanent ink refill and cheap generic ink cartridge competitors just a few metres away.  I prefer the shoppers who value brands as I see these shoppers as more likely to be loyal to their brand of choice and the retailers who support the brand than shoppers who prefer cheap, and often inferior, product.

0 likes
Newsagency opportunities

Tapping into the Tour de France hype

tourde-water.JPGThe success of local boy Cadel Evans in this year’s Tour de France so far the interest in the program for the Tour has remained strong.  We went out early promoting this title in my newsagencies as this display from more than a week ago shows.  It has been good to be able to satisfy growing interest as coverage of the race has increased.  Imagine what sales of this and other Tour titles will be like if Cadel wins.

Topical issues of magazines are well worth additional promotion.  This is even more true for special interest titles where we get to show off our credentials as the magazine specialist retailer.

Around the interest i the Tour de France is the opportunity for us to drive sales of biking magazines.  This already strong segment is responding well to heightened interest – as always at this time of the year.

0 likes
magazines

Cashing in on Lady Gaga

musicmags.JPGWe have been promoting music magazines and, in particular, Rolling Stone magazine toward the front of the newsagents, at our Ticketek counter.

The Lady Gaga cover shot on Rolling Stone works well at attracting people, especially since she has been in Australia this week.

Music magazines have been doing it tough so it is good to have someone current, popular and in the local news around whom to promote the category.  We ran this impulse purchase display at the front of the newsagency, facing into the shopping mall, for two weeks. We achieved incremental business in music titles as a result.

0 likes
magazines

Farewell Gary Monks

Last night in Sydney at the Forrester Hotel in Surry Hills newsagency industry people gathered to farewell Gary Monks who retires today as CEO of NANA, the Newsagents Association of NSW & ACT.  Garry has served newsagents for twelve years.  He has done so with a tireless commitment to his newsagent constituency.  Gary has always been open, honest and fair.  I have tremendous respect for him.

I have known Gary for many years.  He is a true gentleman, authentic.. He served NANA through some turbulent times and has seen the organisation come out the other side and finish the latest financial year in excellent shape. Last night he received thanks and kudos for a job well done.

Farewell Gary … enjoy the next chapter of your life.

0 likes
Newsagent representation

International magazine prices fall some more

It is good to see the price of more international magazines fall in the last couple of weeks.  While they have not dropped sufficiently to match the rise of the Australian dollar, the fall is welcome – by newsagents and shoppers.  It will be good for sales in newsagencies with a large range of international titles.

The $A price of many imported magazines does not make sense.  Someone must be making a killing somewhere.  It’s not the newsagent.

0 likes
magazine distribution

The free MasterChef magazine giveaway continues

Further to my post yesterday about a free copy of the current issue of MasterChef magazine with The Australian being given away at Qantas gates at Brisbane airport on Wednesday, I saw the same at Melbourne airport when I flew to Sydney yesterday (Thursday) morning.  This is some mighty giveaway promotion from the folks at News Magazines.

Sure enough, inside the copy of the magazine was a subscription flyer offering a saving of 27% for a one year subscription.  Gee I wish they would engage with newsagents and offer a locked in deal to drive traffic to our stores for collection.

0 likes
magazines

Promoting Weight Watcher’s magazine

mag-weightjul11.JPGWeight Watcher’s magazine is one of those titles which responds well to promoting in a high traffic location.  While I am sure there are plenty of regular purchasers of the title, I am equally sure that there are those who buy it when reminded to – through displays like this one which we have in a high traffic location in one of my newsagencies.

In addition to this display, we have the title being promoted in with health titles.  Next week we will also include a full cover facing in our weeklies impulse display and leave it there for a week.  The reward when we engage with Weight Watcher’s magazine like this is sales … every time.

0 likes
magazines

Promoting Dolly magazine

mag-dolly-jul11.JPGWe are promoting the latest issue of Dolly magazine with this simple display at the counter – along with a couple of other items which appeal to the same demographic.

While not a billboard like display, the real value of this display is the placement.  Every customer making a purchase in our store will be in front of this display.  The newsagent difference is that we give access to this premium space for free.

Since it is premium space, we will give the title three days.  It stays longer if it’s delivering results.  This is the only way to deal with premium counter space.

0 likes
magazines

Free MasterChef magazine with The Australian

People flying from Brisbane to Sydney with Qantas yesterday who picked up the usual free copy of The Australian newspaper opened it to find a free copy of the current issue of MasterChef magazine.  Talk about a nice giveaway.

The tie in could be the Neil Perry cover story in MasterChef – he’s the face of Qantas in-flight catering.

I’d love promotions like this to come with something which drives traffic to newsagencies for future copies and not just subscriptions.

0 likes
magazines

Tactical placement drives magazine sales

mag-rr-bhg.JPGLast weekend we ran Better Homes and Gardens and That’s Life Reader’s Recipes at the counter in one of my newsagencies, between newspapers.  They sold well!  At least six copies of each from this location alone.  More sales were achieved from the usual location for each of the titles.  This is excellent incremental and impulse business to primarily newspaper customers.  We have ordered more of each title as a result.

We newsagents are better placed to drive this type of impulse business than supermarket, convenience and petrol outlets.   we can be smarter in placement.  We can decide what to promote based on specific covers and what we know about our shoppers.  Our competitors promote titles based on what they are paid to do.  So, we can leverage our individuality to our benefit … as we have done with these two titles.

We keep changing what we promote with newspapers because of the regular newspaper customers we see.  Impulse purchase displays should not remain in place for more than a few days otherwise the sales are not worth it – unless you have a low number of regular daily shoppers.

0 likes
magazines

Famous shows how to drives sales growth

famouscover.JPGCheck out this week’s issue of Famous magazine and you will see why this title continues to perform well in the audit.  Whoever designed the cover tapped into the Harry Potter phenomenon brilliantly.  This magazine leaps out of the sea of colour.  It is the first title you notice when looking at a magazine display – even if it is in the second pocket as shown in the photo.  Brilliant.

Any magazine publisher wondering about cover choices and design should get to a newsagency and check out this issue of Famous live in store for themselves.  Extra attention to design can drive incremental sales.

Any newsagencies with copies of this issue of Famous left should put them on the counter.  The movie opens today.

0 likes
magazines

Promoting Take 5 part 2

take5p2.JPGCheck out the display promoting the latest issue of Take 5 magazine created by the team at another of my newsagencies.  I like their personalisation of the display … displaying lottery numbers.  They selected the numbers based on favourites of team members.

This display is right at the front of the newsagency, facing shoppers as they pass by in the mall.

The numbers give shoppers a reason to engage.  It separates this display from other displays they are likely to see for the title which will look the same.  I love the extra bit of initiative here.

Is this display better than the other Take 5 display?   I can;t say.  The proof will be in the sales.  What I like is that it is just that bit different.

0 likes
magazines

Promoting Take 5 part 1

t5dispjul11.JPGCheck out the display the team did in one of my newsagencies for the latest issue of Take 5 magazine and the accompanying $30 million lottery promotion.

The display is in an excellent location, easily seen by most of the shoppers who enter the store, especially those shopping for a greeting card.  It certainly stands out.  Better than that, it is working … driving good sales.

We have have the title in a half waterfall in its usual location and a pocket in an impulse display at the front of the newsagency.

When you read my next post you may think I don;t like this display.  That would be wrong.  I do like this display.  It is vibrant, eye catching and working.  Brilliantly executed.

0 likes
Magazine subscriptions

Promoting Good Health magazine

mag-goodhealth.JPGWe have been promoting the latest issue of Good Health magazine with a co-location strategy with weeklies as well as a half waterfall in with women’s health related titles.  We have made sure that shoppers can see the free gift with this issue and understand the bonus value with purchase of the title.  Placement of this issue of Good Health with weeklies is working particularly well for us.

0 likes
magazines

Newsagents should engage with publisher survey

I encourage newsagents to take part in the Morrison Media (frankie, Riptide, Surfing Life, Slam Skateboarding, Powerhound) online survey.  Responses are flowing and I know that the folks at Morrison are taking them seriously.  The more newsagents who engage the better.

The Morrison Media model of newsagent engagement is one which other publishers could well benefit from.

0 likes
magazine distribution

Intralot defends itself against Today Tonight / Herald Sun attack

Kudos to Intralot for yesterday writing to its outlets to share the facts behind a story reported on Today Tonight on Monday and in the Herald Sun yesterday.  Comparing the facts in the letter, which can be verified, with what these two news outlets reported leaves you wondering about their interest in fact checking.

Given the shocking stories about the actions by News International newspapers in the UK I am finding myself more suspicious of news stories, especially those with an attack angle.

0 likes
Lotteries

SA newsagents concerned over lottery sale

SA newsagents are rightly concerned about the prospects for their lottery businesses given the announcement by the state government that they plan to privatise the lottery business.  The five year protection for the current retail network is in line with what the NSW state government offered at the time they privatised NSW Lotteries.

State governments of all political persuasions have a lot to answer for when it comes small businesses.  Think back to what has happened with transport tickets.  Now with the slow privatisation of lotteries around the country the clock is ticking.

Another reason for all of us to work on our businesses, chasing our own futures.

I feel for the uncertainty being felt by South Australian newsagents.

0 likes
Lotteries

Leveraging Kit Kat Chunky 3 media blitz

Unless you are living in a cave you would have seen the Kit Kat advertising blitz promoting their new Chunky 3 product.  What with the TV, outdoor and digital campaigns it is hard to miss the higher profile for the Kit Hat branded product.    The latest Convenience World magazine indicates it’s a $6M spend. This product is something newsagents should have at the counter.  If we don’t and only have the old regular Kit Kat then we are not current or relevant.

One of the reason everyday confectionery sales are flat in newsagencies is that our range is not as current as it could be.  The Kit Kat Chunky 3 is an opportunity not to be missed.

0 likes
confectionary

Selling out of Diabetic Living

magdiabetic.JPGThe latest issue of Diabetic Living has been selling very well.  We have ordered another 10 copies since we have just one copy left.  We have chased this sales outcome by promoting the magazine from an impulse display unit facing into the shopping mall.  Yes, Diabetic Living has been driving traffic.  By the time the issue goes off sale we expect to have sold 50% more copies than usual.  Nice.

Check ut where your copies are.  Try a high traffic impulse purchase location.

0 likes
magazines

Australian Property Investor magazine opportunity for newsagents

screen-shot-2011-07-01-at-44934-pm.jpgThe latest issue of Australian Property Investor is the flagship Hot 100 issue – with the stand out gold cover.  While it has only been on-sale for a day it is already receiving good media coverage and this will continue including TV coverage.

This is an excellent magazine to have in a high traffic location, like next to newspapers.   This is what we are doing in my newsagencies.

This issue sold very well last year – by newsagents engaging tactically.  So, I’d urge newsagents to engage again and chase incremental basket-building business.  And if the issue sells well in the first few days, consider chasing more stock.

0 likes
magazines