The Biggest Loser Calorie Counter which is free with today’ Herald Sun is an excellent promotion and is set to drive sales – based on comments made yesterday by customers. We hope that we have the quantities right, thanks to help from the publisher, in each of our stores so that our customers and home delivery customers can collect the freebie from us.
We are promoting the latest issue of the MasterChef magazine with our newspapers this weekend as well with a half waterfall in our food section and two pockets in with weeklies. It is the weeklies pocket which is working best for us so far with this issue. With weekend sales strong for this title, the additional placement with newspapers should work a treat. For major monthlies, like MasterChef, I think it’s important that newsagents do not take a set and forget approach. Customers become store blind – just as we do. Moving titles around and co-locating can drive valuable incremental business, especially with magazines.
Our team at Watergardens does a wonderful job promoting value in magazines, especially kids magazines. Click on the image to see a better version of a photo of a display near the counter at the front of the store, facing into the mall, which is promoting the latest issue of K-Zone magazine and the freebies which come with this. The display not only shows the value of the title but also promotes to the target audience at their height. As well as driving sales of the title, the display also shows our business off as having products aimed at kids.
I am disappointed with the cover of today’s Herald Sun newspaper. It is not reporting the news as a newspaper should.
This cover seeks to tell readers what to think on the issue of the flood levy announced by the federal government yesterday. They have carefully selected a photo, doctored it and surrounded it with text designed to get people angry.
It is newspaper covers like this which are making the flood levy one of the most unpopular levies in recent memory.
The Herald Sun cover is the shrill I expect to see or hear from the ultra conservative FOX ‘News’ network. I say ‘News’ because FOX is less of a news network and more a lobby arm of ultra conservative forces in the US. Both the Herald Sun and FOX News are published by the same business – News Corp.
I prefer newspapers to report news in a balanced and professional way and not seek to blatantly drive the political agenda of their owners.
Any concerns about the levy and the track record of the federal government could have been addressed in a far more professional way. That they focus on the PM is odd given that the spending decisions will be made in Queensland by the Bligh government.
Sorry for being so far off topic in this blog post. Seeing the cover of today’s Herald Sun go across the counter is frustrating.
A few months ago we signed an agreement for the sale of our newsXpress Forest Hill business. This came at the same time we had been temporarily relocated by the landlord due to construction impacting our level 2 location. The construction dragged on as did the negotiations for a new lease. The timing is such that we have to be out of our temporary location on Saturday February 12. The couple purchasing the business will not be ready to trade from the new location until early April as they can only get access at the end of this month and have a full shop-fit to undertake.
Given that we have been at Forest Hill for fifteen years, we wanted to give our customers fair notice of the changes. Yesterday, we started handing out a letter explaining the moves. I publish it here to show our approach to sharing the news with our customers, to demonstrate our transparency and to publish the facts to our gossip loving channel.
We have a busy two weeks at this store while also keeping the finger on the pulse of our three other newsagencies.
News Corp. has confirmed that it will launch The Daily, an 99 cent a week iPad only newspaper on Feb. 2. I’m looking forward to see this.
We are promoting the Valentine’s Day themed BIG crossword from Lovatts with our Valentine’s Day range. Regulars here will know that we do this every year. It’s a successful move! While most of the stock is split between our weeklies section and the crossword section, this small placement always drives incremental business. It is especially appealing to some of our older customers. I have seen them pick up the crossword book and then a card. Who knows, if the crossword book was not next to the display they may have never purchased a Valentine’s Day card.
@First Taste published in Thailand has a six month on-sale. Way too long as covered yesterday at the Bangkok Bugle blog. It’s good to see that Australian newsagents are not the only ones treated this way by publishers.
Hoyts has complained to our movie ticket supplier (C-Direct) about our good sales of their movie tickets. They are apparently unhappy that our sales of discount tickets are reducing their margin. The upshot is that we will no longer be supplied Hoyts tickets. We have been told that Hoyts objects to tickets being sold by newsagents in a centre with a Hoyts cinema.
If this is true, Hoyts should have allowed for this when they decided to agree to sell discount tickets outside of their own box offices. To allow us to promote and grow ticket sales and then take the product away is poor form.
I’d be interested to know if other newsagents, particularly those supplied by C-Direct, are affected by this.
We are letting our customers know that this is a Hoyts decision, to deny our customers the opportunity of conveniently saving money on tickets. This move by Hoyts is sure to damage their brand.
Way to go Hoyts.
With Dymo advertising on radio at the moment it’s appropriate that we promote their products in a more prominent position – to leverage their advertising spend into sales. I started doing this in my stores as soon as I heard their ads a couple of times on the radio. While I wish they had given us a heads up, we responded to the ads with action. It made me wish that there was a central register of all advertising of products newsagencies typically carry. We could sure use this.
The latest issue of Take 5, out yesterday, comes bagged with a free Celebrity Slim chocolate bar as part of a Connections promotion. We are leveraging the opportunity with an in location display plus an impulse display at the counter. The counter position worked a treat yesterday with good sales. It’s nice to see a newspaper customer impulse purchase a magazine. This is the kind of magazine promotion I like (yes, even though the magazine is bagged). It is easily understood, well pitched at the Take 5 consumer and taps into a topic of real interest – weight loss.
Our supply of the latest issue of Campertrailer Australia is double what we expected based on past supply and sales. I suspect it is because of the bagged issue. We will give it a god but boy I wish I had a say in supply rather than just receiving a surprise when unpacking magazines in the morning. It’s my money at risk after all. My money in labour, retail real estate and theft. We are supporting the title with a half waterfall. the rest of the stock is in storage.
Check out this interview with James Murdoch recorded recently at the 2011 DLD (Digital – Life – Design) Conference held earlier this week in Munich. The interview is a fascinating insight into the person some say will run News Corp in the future. It is also offers an insight into the company’s plans for and thinking around its iPad newspaper offering, The Daily.
It is great to have an opportunity to access interviews like this without having to be at the event.
min online is reporting that Barnes & Noble has sold 650,000 magazine subscriptions and single copies for its NOOK dihital reader so far. Whiiile the iPad has been getting the attention, the NOOK has been slowly but surely building a strong following. 650,000 single copy and subs sales is good business.
Check out the NOOK digital newsstand here.
Borders here in Australia is emulating the Barnes and Noble move.
One lucky customer in my stores will win a JVC Picsio pocket camera thanks to the Valentine’s Day promotion from Hallmark Cards. These seasonal deals help reinforce a point of difference since not all retailers have offers like this for Valentine’s Day. Being known for a great seasonal card range and a place where shoppers win prizes helps bring infrequent card buyers back for the seasons. We are promoting the heck out of the prize for this very reason – we are the only store in each of our centres with such an offer for Valentine’s Day.
Nick Leeder is leaving his role as Chief Operating Officer at News Digital Media and Deputy CEO at The Australian and joining Google Australia s Managing Director. This move provides a small insight into the plans Google has for its business … hiring a key executing from Australia’s largest newspaper company.
Some magazine publishers have a deal with their magazine distributor which sees them paid an advance of forecasted sales of titles distributed.
This sounds like a money printing arrangement.
Come up with a title, produce it on the cheap by buying in cheap, and I mean really cheap, content from elsewhere, maybe recycled content from another magazine. You then freshen this content up (again, on the cheap), attract a couple of advertisers to fund some of the printing costs, cut a good printing deal and ship the title out to newsagents with a long long on sale period.
The longer the on sale the better for publishers receiving an advance against their forecasted sales. Such an arrangement could unlock cash for three or four months, enough time for them to get their next money printing title into the newsagency channel.
Newsagents are funding this magazine distribution arrangement. We pay for stock sometimes within twenty days of it arriving on our shelves. Some newsagents will not get a credit for a three month on sale title for four months depending on the recall date.
Newsagents are the banker – of the magazine distributor and the magazine publisher in this scenario. How does it feel to be providing these interest free loans? How would you feel if you discovered that some magazines are published with the sole purpose of unlocking access to our cash?
I wonder if this is the case with the Google magazine I blogged about recently.
We are one copy away from selling out of the latest issue of Delicious magazine, not even a week into the on-sale. We did a couple of things differently with this issue: we placed a full cover display at the top of the usual waterfall display and we moved to waterfall deeper into the aisle – so it would not be missed. While the free tea towel gift with the magazine may have helped, I suspect that the tactical placement also played a role. Regardless, a sell out is a sell out and I’ll bank that.
Sometimes, I think that publishers obsess too much about pretty displays and not enough about well thought out tactical placement of magazines in newsagencies. The sales growth I am seeing today is more likely due to tactical engagement on the shop floor.
We put four copies of the latest issue of She magazine on the shelf on Friday morning. They sold out in three days. Nice. This is another title which responds well to tactical placement. We did two pockets across directly below two half waterfalls of the latest issue of The Australian Women’s Weekly. Okay so four copies is not that many. I’m happy as I bet most of those four were impulse purchases – the best kind of magazine purchases for a newsagency.
Well thought out tactical placement of magazines often pays off. this is why I prefer to put magazines out myself – there is too much at stake for the business.
We are struggling in one of my stores with the bagged value packs from ACP. We are taking a different approach with the bagged copies of Woman’s Day and Good Food magazine which arrived yesterday morning. This time, we have them stacked between our two top selling daily newspapers – away from our women’s weeklies magazine section. Hopefully, this tactical approach drives incremental business.
We received our stock of the Official Program for the Australian Open tennis tournament at one of my newsagencies just yesterday morning. Nuts! The tournament is half over. So frustrating. I wondered if they found extra stock in the warehouse and decided it was worth more out in the field late than sitting on their floor.
I have checked with in a few newsagencies which are sub agents for newspapers to see how they fared with the excellent Herald Sun Australia Day hat offer last Saturday.
If my survey is accurate, distribution newsagents with retail businesses which compete with their sub agents are more likely to have under supplied the hats. While some of these situations could be due to supply limits, I suspect that some reflect their continued under supply to protect their own competitive position.
Despite extraordinary efforts from some newspaper publishers to ensure enough stock of some giveaways, some distribution newsagents with competing retail outlets seem to find excuses for not stocking their sub agents so that they can reach their full potential.
A most disappointing situation.
Check out this post at a caravan forum from someone who bought a bagged caravan magazine:
Just purchased a caravan review magazine (it doesn’t matter what name) and I feel badly ripped off, the magazine was sold as a new issue and included two bonus mags.
But wait there is more, it turned out the review magazine was over twelve months old, I brought it to get details and prices on new vans, if a publisher wants to re issue a magazine it should be stated on the wrapping.
It has made my decision easy, I will not be buying any magazines from that publisher in future as there are other caravan mags
My feelings on bagged magazines, especially those with “bonus” issues is well covered at this blog. I think they are a rip off and a drain on newsagents and the environment.
It is only our returning of unsold stock which enables publishers to do this. As canvassed here recently, maybe we should stop returning unsold stock for some of these titles.
Despite claims from publishers that bagged magazine sell, many bagged issues contain old recycled junk. Some as old as four and five years. As they say at the caravan forum – caveat emptor, let the buyer beware.
Check out the report about Canadian magazine distributor, Disticor, and their move into the app business offering digital editions of the physical product they distribute. What is especially interesting is the availability of back issues. Back issues used to be a ood market for newsagents and a point of difference for us. That point of difference is all but lost today thanks to our distributors.