31 January 2008
Monthlies Make Independent Retailers Money!
Smiths News and Marketforce joined forces in Spring 2007 to launch a sales initiative to help boost sales of monthly magazines within independent retailers. The "Monthlies Make Money" initiative involved a host of major monthly publications distributed by Marketforce, across the Womens Lifestyle, Women's Practical and Home Interest segments.
The promotion, which ran from Spring until the end of the summer last year involved retailers receiving extra copies of the promoted titles and guidance on how to increase sales.
The sales results are very positive. The independent retailers involved with the "Monthlies Make Money" initiative, during a six-month period, on average increased sales by 16.5% compared to the same period last year. This equates to an additional RSV for independent retailers of £85,000. This is even more significant as national trends for the same period were down.
Becky Edwards, Smiths News' Publisher Development Manager said "The "Monthlies Make Money" initiative has been a real success and demonstrates the positive effect of working in partnership with other industry partners for the benefit of our customers.
It's great to see such a strong sales performance from independent retailers on some of the top monthly titles, and it really highlights the wealth of opportunities that are available in this channel."