Retail Leaders Still Count on Mailings to Deliver Sales

Any retailer hesitating over the role of direct mail in their marketing mix should read a recent Entrepreneur magazine article that spotlights how much today's retail leaders count on physical mailings for sales success. For example, Costco, which sends 8.6 million magazines per month, reports that 56% of members who receive the magazine buy something based on what they read in it, according to article author Shaun Buck, CEO of The Newsletter Pro. Costco did consider dropping the print version in favor of a digital version to cut costs during the Great Recession--until it found affluent members overwhelmingly preferred a print edition. It's no surprise Costco now projects print circulation growth for the foreseeable future. Williams-Sonoma, parent brand to seven companies including Pottery Barn and West Elm, also considers catalogs "a very, very important part of the marketing strategy,” and 50% of the company’s marketing budget is spent on catalogs each year. Online men's retailer Bonobos, which only entered mailed catalog marketing in 2013, now sees more than 20% of its website’s first-time customers placing orders because they received a catalog in the mail--and spending 1.5 times as much as first-time buyers who did not receive a catalog. Author Buck adds that when The Newsletter Pro is late with its own print newsletter, phone consultations with prospective new customers drop by 25% to 33%! For the complete article, read https://www.entrepreneur.com/article/275303