Retail Catalogs: Fresh or Obsolete Marketing Tactic?
January 3, 2017,
NEW YORK—Last year saw the launch or expansion of a handful of home retailing catalogs, prompting one to speculate: do they mark a broad revival of an old business model or only have limited application in today’s high-tech retailing world?
Ikea has long relied on its catalog; RH has redefined its catalogs as epic sourcebooks; and Wayfair and Bed Bath & Beyond dipped their toes in the water with catalog launches last fall. J.C. Penney reintroduced its catalog about a year ago to reaffirm its commitment to the home business. Outside of the home area, however, Victoria’s Secret recently discontinued its catalog and Land’s End struggled in its attempt to make its longstanding book more upscale and fashion-forward.
“I think it’s a mixed bag,” said David Naumann, vice president of marketing at Boston Retail Partners, on the recent catalog push. “I think overall the trend is away from catalogs toward digital.” But, he conceded, different consumer demographics have different preferences and the trick for retailers is knowing how their customers prefer to shop. Bed Bath & Beyond and RH cater to Baby Boomers, who Naumann surmised enjoy reading print books, and Wayfair may be hedging its bet to appeal to a broader audience.
Analyst Walter Loeb of Loeb Associates, however, believes that while the internet is consumers’ favorite place to shop, “catalogs will continue to be important for the discerning consumer. For many people, the catalog is still the anchor to the store,” he said, noting that many people like catalogs, peruse them and then go online to shop. “I believe it’s been successful in many instances.”
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ALSO IN THIS ISSUE:
- HFN Tech & Omnichannel Study- Although e-commerce shopping is increasing dramatically among consumers, home retailers lag in their current and future tech investments and implementation.
- Market Previews: High Point & Tabletop- The newest collections and influencer trends emerge in our High Point Market and N.Y. Tabletop Show special sections.