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How fierce competition in digital channels is reshaping marketing budgets

Inside Retail

Competition in digital marketing is fierce: 81 per cent of retail marketing executives expect it to increase even further this year, and 69 per cent plan to raise their spending accordingly. The report was commissioned by Klaviyo – an intelligent marketing automation platform – in partnership with Inside Retail.

Marketing 287
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The CFO-CMO balancing act: Marketing efficiency goals that keep everyone happy

Inside Retail

Build a compelling ROI case: When you present performance data that clearly links marketing spend to revenue growth, boardroom conversations become a lot easier. Audit your MarTech stack One of the most significant challenges facing retail marketers today is the sprawling MarTech (marketing technology) landscape.

Marketing 130
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4 Tips for Retail Businesses Hungry for Venture Capital Funding

Retail TouchPoints

But that doesn’t mean digitally native or digital-first brands are out of luck — as long as they have a business plan that nods to omnichannel: “For us to find a DTC an ideal investment, we would want to see a well-diversified marketing strategy, not heavily weighted in paid media, as well as a channel into physical retail ,” Nagar explained.

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Opinion: Why foresight is the future of marketing strategy

Inside Retail

By using future-focused insights, retailing marketers can evolve their strategies to stay abreast of change. A marketer’s crystal ball? We are also forecasting the market spending power of this group and quantifying it as a revenue opportunity in the future. Looking to the future is the future of marketing.

Marketing 245
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4 Tips for Retail Businesses Hungry for Venture Capital Funding

Retail TouchPoints

But that doesn’t mean digitally native or digital-first brands are out of luck — as long as they have a business plan that nods to omnichannel: “For us to find a DTC an ideal investment, we would want to see a well-diversified marketing strategy, not heavily weighted in paid media, as well as a channel into physical retail ,” Nagar explained.

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Are you reaching the right shopper?

Markerketing Experts

Either way, these deal buyers swallow up the vast majority of the money that marketers spend on promotions. The starting point of creating truly effective retail marketing programs is to ensure that you have clear behavioural objectives. appeared first on Shopper Marketing Experts. So, how can you change that?

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Tech stack gaps risk hindering marketing ROI as just 9% of retail CMOs believe their technology drives performance, Wunderkind research shows

365 Retail

However, despite these challenges, almost three-quarters (73%) of CMOs say they were able to meet or exceed revenue projections during this period, and over half (55%) were able to increase their overall marketing spend. Only 5% believe their marketing organisation utilises their technology “extremely well”.