Retail advertising survey gives bedding retailers tips
David Perry -- Furniture Today, February 24, 2011
HIGH POINT — Broadcast advertising is the most effective way for home furnishings retailers to promote their business, according to a Furniture/Today retail survey.
More than one third of the respondents said television and radio are their most effective advertising medium, with direct mail cited by 19% of respondents. Newspaper advertising, long a stalwart of the home furnishings category, finished third, with 13% of the respondents saying it is their most effective advertising medium.
The results provide food for thought for bedding retailers, generally among the most aggressive retailers in the market. The survey, conducted online last fall, presents the thoughts of home furnishings retailers who together operate 160 stores. Almost 75% of the respondents have annual sales of less than $5 million, and they are based in all four key regions of the country: The Northeast, the South, the Midwest and the West. Here's a closer look at the survey findings, accompanied by comments the retailers made about the different advertising mediums.
Which advertising method is most effective?
% of respondents
TV and radio -36%
"Consistency and more eyes."
"Cost effective in our market and gives us extensive coverage."
"Is visual and gives us a wide audience."
"Most exposure in our market area."
" We continue to use TV predominately, because our major vendor has good TV production for our use locally."
"Only use radio on holidays and big events, and it seems to work."
"Radio gets our message out."
Direct mail - 19%
"Targeted consumer."
"Use for short three- and four-day events and it works."
" We receive a huge response from sending to our established customer base and hold private events four times a year."
Print - 13%
"People still look to the paper for ads."
E-mail marketing - 10%
"It's more current."
"We combine e-mail, direct mail and Facebook with an offer."
"It's a new world."
Store website - 8%
"Existing clients use it."
"Heavy visibility."
In-store events - 8%
"Customer loyalty."
"People seem to only want to shop during a sale."
"We offer the customers six to eight well-planned events a year providing specials, promos and special incentives."
Social media - 4%
"It allows us to stay in touch with what our customers want."
Online ads - 2%
"Google's market share!"
Source: Furniture/Today Online Retail Survey, 2010
Retail Bedding Playbook is a regular feature about mattress retailers by David Perry, bedding editor. Ideas for future coverage can be shared with Dave at dperry@furnituretoday.com.
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