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Presentation to Cumbria CIM Tony Preedy Marketing Director
Tonight’s talk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
 
 
 
Lakeland Bicester
40 Stores Nationwide
 
[object Object],[object Object],[object Object],[object Object],[object Object],'always look after the customer and the business will look after itself'.
The Lakeland Brand Outer value Core value Inner value
A Lakeland family
Satisfaction guaranteed
 
 
 
Product showcases
Product Showcases
Product Showcase
Digital Lakeland
Digital Lakeland
Managing Marketing Investment ,[object Object],[object Object],[object Object]
The customer database is the foundation of our business ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Understanding customer profitability Typically, 80% of sales and >100% of profit will come from 20% of your customers. But which, and where did they come from ? Average Profit (£) 1 2 3 4 5 6 7 8 9 10 100 - 39 32 17 8 3 0 -3 -6 -11 % Contribution to profit % Contribution to profit 10 £30 £85 10 & 9 £49 £104 10 to 6 £121 £176 Decile * Profit Increase Average profit Removing 1 to 10 £55 N/A -300 -200 -100 0 100 200 300 400 500 600
Marketing Campaign Planning Customer 1 Customer 2 Customer n Time A A A B C D D
Testing, testing, 1, 2, n ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
For more, much more, on this … See Kevin Hillstrom’s blog at: http://minethatdata.blogspot.com/
 
 
Three shifting tectonic plates ,[object Object],[object Object],[object Object]
Connected, all-ways.
Sourcing & Ranging +  Service + Marketing + Pricing + Presentation + Systems + Organisation  = Radical Change
Sourcing & Ranging
Sourcing – New Products Week Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52
Sourcing – A frequent learning cycle Week Number
Forecasting without a demand plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Long Tail and Virtual Stock
The Long Tail and Virtual Stock
 
So … ,[object Object],[object Object],[object Object],[object Object]
Service
The Race to the Front Door Digital Camera Iron 3 Seat Sofa Casserole Dish DVD Player Coffee Maker
The Race to the Front Door Kendal
Tony, your order will be delivered tomorrow
Customer Service
So … ,[object Object],[object Object],[object Object]
Marketing
Effect of Offline on Online Customers Driven by Paid Search Marketing Week Number 2m recruitment leaflets mailed
Effect of Offline on Online The impact of offline activity on unit sales in the web shop.
Managing at the Margins Volume Cost per Order Marginal Cost per Order Limit
Competing for Search page dominance SEM (Paid Search) SEO (Natural Search) Affiliates (both SEO and SEM)
Goal-hanger?
 
Marketing ,[object Object],[object Object],[object Object]
Deal hunters abound online
Marketing - Transparency
Top 20 Social Networks Registered Users
Myspace – the world’s largest online community
Social networks also inhabit virtual worlds e.g. Habbo Hotel & Second Life’s millions of ‘residents’
So … ,[object Object],[object Object],[object Object],[object Object]
Pricing
Pricing - Transparency
Pricing – Presentation of Reduced Price Product
Pricing – Dynamic Bundling
Pricing – To Meet Demand
So … ,[object Object],[object Object],[object Object]
Presentation
What makes a “good” presentation? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
 
 
The Value of Product Metadata
User communities – adding & editing
Many Creative Assets for Each Product
…  and also for showing off fashion in ‘catwalk’ shows.
 
Web broadcasting & shopping
Digital Marketing
So … ,[object Object],[object Object],[object Object],[object Object]
Systems
Test, Learn and Optimise A B C
Or… How do we go from…. Life Expectancy: 100 years Life Expectancy: < 1 day
So … ,[object Object],[object Object],[object Object],[object Object]
Summary ,[object Object],[object Object],[object Object],[object Object]
thank you for listening www.linkedin.com/in/tonypreedy
 

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Presentation on Radical Change and Marketing Investment at Lakeland

Notas do Editor

  1. Thank you for that kind introduction. It’s a pleasure to be here and a privilege to be able to meet some many fellow Cumbrian Marketers. My name is Tony Preedy and I joined Lakeland last year as Marketing Director, so I’m still very much in the early stages of learning the Lakeland business. I will attempt however to share with you a little bit about the Lakeland brand and our approach to doing business. My previous roles were Group Marketing Director for the UK division of Otto UK, the largest Home Shopping company in the world, and prior to the Director of Targeted Marketing at Littlewoods Shop Direct Group, the UK’s largest home Shopping company. I tell you this only so that you know where I’m coming from. My experience has been in the Home Shopping sector, and has concentrated on Direct Marketing. Much of what I say tonight is going to be concentrated on these areas, but I believe that the issues I’m going to talk about will matter to all who’s business is concerned with selling in some form.