A Little Retail Therapy Never Hurt Anyone
Friday, July 31st, 2009I’ve been wondering whether the Labour government or any of the political parties should be advocating a little retail therapy. Firstly as we all know it does you good to have a splurge from time to time. Secondly UK retail needs it, as does manufacturing, services and most other industries. But not every silver lining has a clould behind it. Look at this week’s news – we hear that over 12,000 retail stores have shut up shop over the last year or so. Now you have to delve a little deeper here because there is a missing statistic – how many have moved to an online operation only i.e. Woolworths? Whatever the stats say though we all need to keep investing and spending. We just need to make it more strategic and thoughtful. Looking at our own ecommerce statistics, I am amazed at the sales growth of some of the promotional products we supply – such as bags and stress gifts. We have even recently supplied bespoke stress shapes including a handheld speed camera – yes they even sent us one to model from….great fun. What do these trends tell the Redbows team? That people are stressed and being subjected to a flood of stress balls and shapes? Or that buyers are getting out into their markets and ‘bagging’ all those special offers? I am not sure what the answer is. All I know is that if you are strategic and focus on growing your marketing momentum, your sales will follow.
