May - Connect2One
Transcription
May - Connect2One
Connections May 2015 Powered by indiCo / Uniting Independents Robb Faust Program Manager April has showered us with supply distributors’ spring shows and college stores have lots of supply offerings to help grow sales at back-to-school. During the month of May, I hope you’ll plant a few new ideas into your supplies area and take time to spruce it up with what’s hot this year. Prepare the Soil Viewed mainly as functional essentials, supplies may not be your bread-and-butter sales. I hope, however, that you see potential growth in this area of your store. It’s hard work to cultivate a successful supplies section each year. To prepare for back-to-school rush, you toil and get your hands dirty. You utilize your tools so that the soil—your store—can deliver the right mix of product for what customers want and need. Then the fun begins! Add the Elements Every year, supply manufacturers seed the market with new products and top sellers. What’s hot this year? As in a garden, seeds are activated by the elements. For supply buyers, you look for products infused with fashion elements. Look for “Color Play” from Miquel Rius, the “Modern Jen” collection from Roaring Spring Paper Products, new neon-colored TriPlus markers from Staedtler, and of course my favorite pick from Pilot— the Bottle2Pen Colors! This bold color trend coordinates nicely with popular patterns like chevron and dots as well as paisley and Aztec designs sprinkled throughout the category this year. In addition, we are seeing refreshing floral and vintage imagery in paper products that are surprisingly elegant. Roaring Spring Paper Products, ACCO, and Top Flight offer sensational spring collections featuring daisies, leaf, and earth-friendly patterns. In the binder category, Samsill, Four Point, and Avery give stores a variety of imprint options featuring trendy designs. Writing instrument manufacturers have reintroduced a flashy trend into their lines—Metallics. BIC Mark-it permanent marker, a “C2O Pick,” is available in eight new metallic colors. Pilot G2 launched two new products: G2 Metallics and G2 Mosaic, both shining in this area. Like the sun, GOLD is coming on strong as the color of choice. From function to fashion, vendor partners are offering fresh choices to inspire you. Yield the Results After carefully selecting the products best suited for your store and adding the necessary elements, growth happens. With constant weeding of the non-sellers to make space for the top-sellers, you can successfully spruce up this area and watch your supply garden grow this year. Download the complete “What’s Hot in Supplies” presentation at connect2one.com. Left to Right: Miquel Rius (1,2), ACCO (2,3), Top Flight, Roaring Spring Paper, vintage collection, Samsill, gold items. May 2015 Connections 1 New Vendors for 2015 From Sock Monkeys to Logo Pillows to Musical Birthday Bears Plushland offers a great assortment of customized plush perfect for college bookstores. Sock Monkeys have been extremely popular and come in 5 sizes including a larger than life 6 foot version. Compliment your Sock Monkeys with Sock Monkey Hats and Sock Monkey Team Pillows. Create a whole Sock Monkey Department! Minimums usually range from 4-24 pieces. Of course Hello Kitty is also very popular in bookstores and comes in 4 sizes. Other popular styles include Domo, Cheerleader Bears and Plush Footballs and Basketballs. Seasonal and everyday product includes plush for Valentine’s Day, Easter and Halloween. Plushland also offers a custom mascot program with a 500 piece minimum. Diploma frames take on a whole new look with USA Diploma Frames. While a full range of traditional frames are available USA Diploma Frames offers a fresh, new look with their camouflage and contemporary graphics. Mats reflect the taste and lifestyle of the student for a more personalized look. Camo mats come in every school color—they even come in pink! Contemporary designs include patriotic mats, stars and swirls in all colors. Matching picture frames are also available. Rareform takes old billboards and turns them into backpacks, tote bags and wallets through a process called “upcycling”. Billboards consist of individual panels made from pvc coated materials. Rareform buys old panels from outdoor sign companies that install and take down billboards and prevents them from going into landfills. It’s great for the environment. Rareform manufactures its product in California and donates 1% of its sales to For the Planet, a leading environmental group that helps companies achieve and maintain sustainable business solutions. 2 Connections May 2015 Tell Us About New Vendor Programs! Are you looking to expand the selection in your store? We’ve added programs in a few new categories this year. Familiarize yourself with the following vendor partners available now in the C2O digital catalog: Expanding the fitness and sports stores, 360 category op Athletics o tions for ca ffers produ student life mpus cts perfect style. From for the acti fitness tubin selection o ve g f jump ropes and bands, a great , stability d yoga access iscs, balance ories to all trainers an sorts of spo footballs, vo d rting goods lleyballs an like basket d more! C2 regular pri balls, O stores re ces on all p ceive 9% o roducts. ff the e M1917 has th , LEUCHTTUR m ra l og ea pr Id ct e. re as a di in your stor Now available brand offering d ll fu an a ls te ia er ea at cr to ality m product range feature high qu pact the notebooks s, y to make an im et ok ri bo va b la ze r si fo d an r ar, lo ye co is a well as ailable th construction as urations are av ig nf rful co lo y co la of sp More di a fresh mix in your store. mikolon line is Se ed uc od e. tr in book lin and the newly ement the note ies that compl or ss ce ac sk de ines have created one of Clary and Bev Vines-Ha e ott arl Ch the rs ato cre y Chips Cand ing sweetener found in on ABC’s Shark Tank, Ice h Xylitol, a natural occurr wit de ma 5% e is eiv dy rec Can res ips Winning over the Sharks . Ice Ch ors. C2O sto st candies ever marketed 20 mouth-watering flav the healthiest and tastie ique tin, it’s available in un a in ). ed pcs kag (72 ys Pac s. tra ble 12 vegeta r first order of fibers of many fruits and a counter display on you s plu t igh fre e fre get can savings on each tin and May 2015 Connections 3 The Power of Price Promotions College store managers and buyers are always looking for ways to promote products in a fresh way. According to a recent Inc.com article, “a wellused price promotion can attract new customers so they come back again and again.” Do you have an effective price promotion strategy? How do you communicate it to your customers? It’s not about blanket discounts anymore: 25% off this department or 50% off that one. Though it seems like you’re giving customers a deal, you’re actually cheapening the value of the items you want to sell. Inc.com continues, “Focus on articulating the why of your product instead of the how much.” Have confidence in your buying decisions and stand behind the product. Take promotions to a new level with pricing strategies that reach your customer. At back-to-school, for example, create a collection or bundle of products that make sense. The red “Perfect 10 Set” at the Dixie State Campus Store has everything needed to start the university experience. The Tiger Bookstore does a nice job on Pinterest by tagging a variety of products based on upcoming events. Post your recommendations online or share through social media to give customers a reason to shop in your store. Studies have shown that prices ending with the number 9 are “effective in outselling even lower prices for the exact same product.” Take advantage of vendor specials or buying group values (like the C2O commitment programs) and offer $19.99, $24.99, and $29.99 pricing on sweatshirts or hoodies. Gregory Ciotti, a content strategist at Helpscout.com says, “You need to test multiple price points for your different types of customers.” Incorporating a pricing strategy based on what your customer is willing to pay is a much smarter option that may improve your bottom line. Another element for a successful price-point promotion is to cross-sell your categories, from supplies to tech to apparel. Leverage your product assortments to give your customers lots of options under one price. For rush, you might offer 10 Essentials Under $10, your top suggestions for back-toschool including fashion notebooks, custom binders, earbuds, mechanical pencil packs, and even a basic tee shirt. Set up a wire rack or corrugated cardboard display to create a focal point in your store. Why not offer low prices with high value for your everyday pricing? 15 Basics Under $5 can feature super values on pens or pencil packs, staplers, chargers, cables, desk accessories, and one- or three-subject notebooks. Both of these promotions help you stay competitive with mass market pricing in your area. An effective price-point promotion focuses attention on what customers look for when deciding to purchase a product. They are perfect for upcoming holidays and events. Parents, families, alumni, and students will appreciate your efforts to meet their needs. The power of price promotions is in your hands. What will you do with it? University of West Georgia Bookstore, Carrollton, GA The Cornell Store, Cornell University, Ithaca, NY DSU Campus Store, Dixie State University, St. George, UT Tiger Bookstore, serving University of Memphis, Memphis, TN Sources: “Seven Pricing Mistakes That Will Kill Your Sales” by Gregory Ciotti, Helpscout.net/blog “Don’t Discount; Here’s Why” by Vanessa Merit Nornberg, Inc.com “Tapping the Power of Price Promotions” by Arjun Dev Arora, Inc.com 4 Connections May 2015 Give Your Students A Sporting (Goods) Chance State-of-the-art recreation and fitness facilities are a big part of campus tours and recruitment efforts to woo students to school. Student well-being, wellness and active lifestyles are enhanced and encouraged with these premier facilities. While the phrase “college sports” usually brings to mind thoughts of high-visibility events, that’s only part of the story. Many more students participate in: program from new vendor 360 Athletics is introduced on Page 3 of this newsletter. Also new to C2O is Europa Sports Products, offering our stores a wide range of healthy snacks, drinks, and fitness equipment. Having products convenient for sporting needs just makes sense! The NACSCORP selection includes balls, racquets, fitness, yoga, flying discs, apparel, swimming, ping pong, protection, and more. Both private label and leading brands are available and competitively priced: Penn (tennis), Master (locks), Wham-O (frisbees), to name a few. • • • Club sports—estimated 2 million students Intramural competition—estimated 8 million students Active lifestyles—countless students! The C2O Digital Catalog features three sporting goods vendors: 360 Athletics, Europa Sports Products, and NACSCORP. The NACSCORP offers a selection of more than 70 Sporting Good SKUs for purchase individually, or in a recommended 4’ section that focuses on several key activities. Tailor the assortment to your school based on sales after bringing in the planned assortment or create your own assortment based on the popularity of different sports on your campus. Contact these vendor partners for more details: NACSCORP Account Manager Europa Sports Products 360 Athletics (800) 321-3883(800) 447-4795(888) 360-4625 sales@nacscorp.comtonyatarlton@europasports.com sales@360athletics.com 1 2 1) NACSCORP 2) 360 Athletic options 3) NACSCORP Planogram 4) BW Bookstore, Baldwin-Wallace University, Berea, OH 5) Davidson College Store, Davidson, NC 3 4 May 2015 5 Connections 5 Case Studies in Apparel Commit Programs The SOURCE Program has generated commitments of over 596,000 garments from nearly 250 stores. Here are some tips on how two buyers are using these margin and promotion builders. Veteran collegiate buyers Kristin Bonetati at The 49er Shops Bookstore and Jane Haeberle at BYU Idaho University Store shared some of the secrets of their success at a CAMEX session on commitment programs. As smaller campuses, their advice on making the most of commit pricing will work for many store types. SALES STRATEGIES At 49er Shops, Kristin focuses on major sales events once or twice every semester, limiting the promotions for greater impact. Limiting quantities creates excitement, teaches customers to buy the first day and increases Facebook likes so customers will get the inside scoop on the next sale. Kristin comments, “Unlike Scantrons, it’s okay to sell out!” Kristin likes to keep pricing simple-both the crew and the hood retail at the same price. At $19.99, the sweatshirts blow off the tables. For BYU Idaho, Jane uses a margin building approach with her selection of Mom, Dad and “Class of” t-shirts. At everyday regular prices of $9.99, Jane earns more than a 60% margin. For Grad Week, Mother’s Day, Father’s Day and holiday sales, a promo price of $6.00 encourages shoppers while still netting the store a 35% margin. Guess what’s happening Monday at 9:00 am at 49er Shops Bookstore? TIPS ON GRAPHICS Whether using Cal State Long Beach or Long Beach State, Kristin, has learned that simple is better. Here are her top tips: • Limit the number of graphics to 3 or 4 • Keep graphics gender neutral • • • • Keep graphics to a one color imprint Make sure the promo products look plainer (cheaper!) than regular stock Don’t repeat a graphic too many times Move a crew graphic to a hood to mix it up and keep them coming back for more styles Final tips from Jane and Kristin: some colors just don’t work in their stores. Cut losses quickly and move on. When it comes to sizing, some colors and graphics can skew your usual size matrix. Jane comments that she doesn’t run many smalls for Dad’s but smalls are always in demand on a pink shirt! THE SOURCE A Joint Connect2One ICBA Program Deals for Dad’s and Grads at BYU Idaho 6 Connections May 2015 COMING SOON! YOUR ONE-STOP-SHOP DESTINATION WITH OVER 900 MANUFACTURERS AND COUNTING Rex Bluetooth Speaker REXRED02 SRP: $59.99 G Pad™ Tablet HOT! Mamba Wireless Gaming Mouse RZ0100120400R3U SRP: $129.99 NEW! Revolutionary acoustic design! NEW! Spider Grip for Tablets OSPD001 SRP: $39.99 Grips their tablet securely with powerful, adjustable claws! NEW! Replicator 2X 3D Printer NEW! MP05927 SRP: $2,499 Gripcase iPad® Case I2BLUUSP SRP: $39.99 EXCLUSIVE TO D&H! Designed for the experimentalists! NEW! SYNC by 50 Wireless Headphones SMSBTWSSPRTPNK SRP: $229.95 Fusion Activity Tracker Best in studio mastered sound without the hassles of wires. STRV010060A SRP: $99.95 800.340.1003 www.dandh.com May 2015 Connections 7 Take Control of Your Inbound Shipping Reducing inbound shipping costs is one of the easiest, yet most overlooked ways to reduce your overall transportation expenses. Like many college stores, Connect2One members may not currently have control over the shipments coming inbound to them. Here are 4 steps you can follow to better understand your true inbound shipping costs, and the cost savings opportunities you may be missing: • Find a 3PL or shipping partner that has inbound shipping management experience • Negotiate the best possible inbound shipping rates with your carriers • • Analyze your inbound shipping to determine actual shipping costs and opportunities for savings As the only shipping provider created by and for the college industry, PartnerShip® makes it easy for you to save on your inbound shipments by providing you with a free analysis and sending your vendors routing instructions on your behalf. To get started, visit PartnerShip.com/InboundAnalysis. Visit PartnerShip.com/C2O for complete program information and to enroll in the free Connect2One Shipping Program. If you have any questions, please call PartnerShip at 800-599-2902, or email sales@PartnerShip.com. Create inbound routing instructions and send them to all of your key vendors Connect2One is looking for great merchandising ideas to include in our Visual Merchandising Primer. Send your before and after pictures to Paula at phaerr@connect2one.com. Need help with a problem area in your store? Send those pictures to Paula for some helpful tips. Connect2One Welcomes Laurier Bookstore Wilfrid Laurier University Waterloo, ON Kerry Martin, Assistant Bookstore Manager kmartin@wlu.ca Reports s g n i v a S ect2One onn Annual C e in the Will you b ts list? ipan top partic 4350 Glendale-Milford Rd. Suite 240 Cincinnati, OH 45242 Phone: 800-563-9034 or 513-754-0111 Fax: 800-600-9034 connect2one.com info@connect2one.com 8 Connections May 2015