Those of us within the Newsstand Industry have known for a long time how profitable magazines are to Retail Chains in general and especially at the checkout in relation to competitive products. The latest Front End Focus study reinforces this longstanding reality…
“The latest Front End Focus (FEF) study underscores the checkout’s crucial contribution to supermarkets – and, for the first time, measures not just sales, but profitability, for magazines and other leading front-end categories”. Click here to view some enlightening information and click here to view the entire report.
The pendulum is swinging again, with trust of content becoming more important again to readers. Did you know, The Economist is getting ready to celebrate its 175th birthday this year? Now, this is a magazine that people trust.
IAG group member and President of Magazines and Books at Retail, (MBR), Jerry Lynch just published an article: First Priorities: Reinventing Our Marketing Approach. It’s a call for channel members to work together to collaborate like never before! He writes: ” It will require collaborating like never before to drive an innovative, coherent marketing initiative that aligns with, supports and leverages the “360 degree” and “consumer-first” paradigms now driving the media and retail businesses.”
It will require that publishing and distribution players cooperate and work actively with retailers to introduce fresh, effective strategies for harnessing the unique content and audience strengths of magazines and books. By that, I mean harnessing these in all of the ways and all of the channels that both retailers and publishers now use to engage with and market to consumers.
Members of Magazines & Books at Retail — active national distributor, publisher, wholesaler and retailer executives alike — have made a start. They’ve spent significant amounts of time working together to identify opportunities to test new insights, opportunities and approaches at retail. Now we need to marshal the troops and get them into the field.
These pros see the opportunities, as well as the challenges. They know that 80% of all commodities sales still occur in bricks-and-mortar stores, and that magazines and books are still read by 90% of the population.”
Jerry suggests we leverage everything. Yes, the industry has challenges, and yes, it also has opportunities. If we tap into the potential, we realize that the category can bring excitement to a retail store and the shoppers that shop them. Click here to read this engaging article.
MagNet 2018 will take place Wednesday, April 25 and Thursday, April 26th in Toronto.
Canada’s Magazine Conference, MagNet, is North America’s largest gathering of magazine media stakeholders. Of special interest this year is a session moderated by our very own, Craig Sweetman. Recent research from BrandSpark International turns the page on assumptions about magazines at retail. The BrandSpark research findings, Magazine Resilience: Who’s Buying at Retail? reveals how retailers and publishers can leverage magazines to enhance the overall shopping experience.
Other sessions of interest Wednesday, April 25
Global Intensives – The Economist: Doubling Down on Circulation to Grow Audience and Profits
How Canadian Marketers Can Leverage Data for Greater Profitability
Thursday, April 26
Global Intensives – Magazine Media: Better. Believe It.
Check out the MagNet 2018 information in greater detail by clicking here.
Did you ever wonder what the market share was for English language publications was per province versus the percentage of English language as 1st language speakers there were in Canada?
Well we have the answer for you in the chart below?
The highlighted provinces/territories outperform in terms of market share of copies sold versus provincial/territorial population versus overall Canadian population.
Also very interesting is the number of copies sold per person per year on average is highest in the Yukon and the Northwest Territories. We would hazard a guess that this has a lot to do with limited activities available.
Source: CTC Boxscore
When I first read this title in a recent article published by Independent Retailer, I thought, publishing has seen much turmoil in the last few years, what lessons could it be teaching retail?… Well, retail is also in turmoil. In fact many businesses, think tourist and taxi industry, are being disrupted today. Change is everywhere. Read more
A recent national survey of shoppers and retailers conducted by BrandSpark International for Magazines Canada shows some interesting behaviour around magazine purchasing at retail.
Click here to view the entire article.
What market share percentage do you think Canadian English language titles represent in the Canadian Retail marketplace?
Many people would assume that due to the prevalence of American and International publications at retail that the number would be less than 10%…well the reality is that those people would be wrong.
Since 2000, the market share percentage for Canadian publications has grown consistently from less than 10% in 2000 to almost 19% at the end of 2017 as per below.
o Prior to the year 2000 this number was less than 10%.
o 2009 was 13.2%.
o 2011 was 16%.
o 2016 was 17%.
o 2017 was 18.8%.
What this illustrates is the vibrancy, strength and creativity of Canadian publishers in investing in new ideas and new publications to serve the Canadian consumer.
Magazines, like people, are unique. They have soul. Curated content brought to life by a Publisher’s vision and an Editor’s hand. They inform, entertain, engage, indulge, educate and inspire. They can be made into a statement of ‘who you are’ as you travel on the subway, or can be something to snuggle up to, akin to an old friend, in the privacy of home. Perfect to enjoy on a fall day and pairs equally well with a cup of coffee or a glass of wine.
In store, they offer a few minutes of respite from the grind of shopping. Their availability brings shoppers comfort. Popped into that basket, they increase the ring at the cash. They inspire additional store purchases too! They attract that shopper that retailers want.
This site highlights the soul of magazines. It highlights the love shoppers still have for theirs. It discusses how retail and magazines can play a role, together in the shopper’s modern world.