Target in big multichannel holiday push; rolling out in-store pickups
Minneapolis – Target Corp. is making a big online push for the holidays, including expanding its in-store pick-up program for products ordered online to all of its U.S. stores by Nov. 1 (the service is now available in about half of the chain’s locations). And for the first time, Target will promote the concept of Cyber Week, with an ad campaign Dec. 1 through Dec. 3 that focuses on Cyber Week deals including Cyber Monday.
Target’s overall holiday campaign, themed “My Kind Of Holiday,” will extend across all channels, including broadcast, radio, in-store, catalogs, digital and social media.
Beginning in November, Target will invite consumers to join the conversation by using the hashtag #MyKindofHoliday. The company is also bringing social media into its stores and its catalogs. Starting Nov. 18, Target will highlight about 100 holiday products across all areas of its stores that have been trending well on Pinterest. It will also make reference to Pinterest in its holiday catalogs.
In other key initiatives, the discounter is extending the timeframe of its price match policy for the holiday season beyond the typical-seven day window. If a customer purchases a qualifying item at Target between Nov. 1 and Dec. 21 and then finds it for less at Target.com, a local competitor’s printed ad or at select online retailers, Target will match the price.
Take a look at the first TV spot, set to air next week:
Target delivers multichannel cheer, better engagement and more conversions via #CEM http://amex.co/13rIN5K
New product launches boosts Colgate volume growth in Q3
Colgate-Palmolive announced that during the third quarter, new product launches in the United States contributed to volume growth across categories and market share gains were seen in categories such as manual toothbrushes, powered toothbrushes, mouthwash and body washes.
In toothpaste, the success of Colgate Optic White and Colgate Optic White Dual Action toothpastes helped drive market share for the Colgate Optic White brand to 5.5% year to date, up 0.6 share points versus year ago. The company also noted that strong sales of Colgate Total, Colgate Max Fresh Cool Scrub, Colgate Sensitive SmartFoam and Whitening and Tom’s of Maine toothpastes also contributed to volume growth during the quarter.
In manual toothbrushes, strong sales of Colgate 360 Optic White, Colgate 360 Total Advanced Floss Tip Bristles and Colgate Extra Clean manual toothbrushes helped drive market share in that category to a record 38.4% year to date. The company plans to build on this growth momentum with the recent U.S. launch of the new Colgate Slim Soft manual toothbrush, which will have advertising support beginning in the fourth quarter.
During the quarter, worldwide net sales were $4.4 billion, up 1.5% compared with the year-ago. Organic sales grew 6%.
Net income and diluted earnings per share were $656 million and 70 cents, respectively. This compares with net income and diluted earnings per share in the year-ago period of $654 million and 68 cents, respectively.
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Tractor Supply is westward bound
Tractor Supply Company plans to open a store in Wyoming — its first-ever location in the state as it continues to expand into the Western region of the country.
"Wyoming marks the 48th state of operation for Tractor Supply, and we are very pleased to be entering the market with our new store in Rawlins, Wyo.," said Greg Sandfort, president and CEO. "Tractor Supply seeks to be the most dependable supplier of basic maintenance products necessary to care for home, land, pets and animals. We are proud to be part of the Rawlins community, both in creating jobs and supporting the product needs of our rural customers. This represents the first of many Tractor Supply stores in the Wyoming market as we continue our expansion in the West."
The Rawlins store, located at 2201 Plaza St., will hold its grand opening event Saturday, Oct. 26.
"We believe that Tractor Supply will be a great one-stop shop for farm, ranch and rural customers in the Rawlins and surrounding communities," said Lee Downing, SVP, operations. "Our Rawlins store team members are ready and able to provide Tractor Supply customers with seasoned advice regarding both products and projects."
As of Sept. 28, Tractor Supply Company operates 1,245 stores in 47 states. The company’s stores are focused on supplying the lifestyle needs of recreational farmers and ranchers. The company also serves the maintenance needs of those who enjoy the rural lifestyle, as well as tradesmen and small businesses. Stores are located in towns outlying major metropolitan markets and in rural communities.
The company offers the following comprehensive selection of merchandise: equine, pet and small animal products, including items necessary for their health, care, growth and containment; hardware, truck, towing and tool products; seasonal products, including lawn and garden items, power equipment, gifts and toys; maintenance products for agricultural and rural use; and work/recreational clothing and footwear.
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