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Competition in digital marketing is fierce: 81 per cent of retailmarketing 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.
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.
By using future-focused insights, retailingmarketers can evolve their strategies to stay abreast of change. A marketer’s crystal ball? We are also forecasting the marketspending power of this group and quantifying it as a revenue opportunity in the future. Looking to the future is the future of marketing.
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.
Build a compelling ROI case: When you present performance data that clearly links marketingspend to revenue growth, boardroom conversations become a lot easier. Audit your MarTech stack One of the most significant challenges facing retailmarketers today is the sprawling MarTech (marketing technology) landscape.
Either way, these deal buyers swallow up the vast majority of the money that marketersspend on promotions. The starting point of creating truly effective retailmarketing programs is to ensure that you have clear behavioural objectives. appeared first on Shopper Marketing Experts. So, how can you change that?
We have assembled all the numbers you need, including store operations, shopper behaviors, how retailersmarket their businesses, and much more. If you own a retail store or are considering shop ideas for a new one, take a look at the stats below. Retail Statistics: The Big Picture. image: Retail Dive. image: NRF.
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 marketingspend. Only 5% believe their marketing organisation utilises their technology “extremely well”.
It helps a retailer establish which tactics are most effective for the FMCG’s marketingspend and their own marketing expenditure and plan for how these work in harmony. Paul Frampton-Calero is European president of marketing agency CvE Click here to sign up to Retail Gazette‘s free daily email newsletter
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