where the most aggressive and successful specialty retailers are found
TRANSCRIPT
The Gourmet Retailer Serves the Growing Specialty Food & Kitchenware Markets
Gourmet & Specialty Foods
$60 Billion
Kitchenware & Housewares$27.2 Billion
Share of Sales by Product Type
Gourmet & Specialty Foods
• Sales increased 5% in 2008
Kitchenware & Housewares Products
• Sales increased .8% in 2008
$87.2 Billion* in Industry Sales in 2008 and growing!
* Source: NAFST and IHA 2009 State of the Industry Reports
The Gourmet Retailer Serves the Growing Specialty Food & Kitchenware Market
Industry Sales by Store Type
41.4%Specialty Food &
Kitchenware Retailers$36.1 Billion
11.6%Department Stores
$10.1 Billion
23.3%Mass Merchant
$20.3 Billion
23.7%Grocery
$20.7 Billion56,951
Specialty Food &Kitchenware Retailers
20,338Department Stores
2,462Mass Merchant
34,052Grocery
Store Counts By Store Type
Total Stores - 113,803Total Sales - $87.2 Billion
Specialty Food & Kitchenware Retailers Represent the Majority of Industry Sales and Store Fronts
* Source: NAFST and IHA 2009 State of the Industry Reports
16%17%17%19%19%
31%
40%41%
105%
51%46%
20% 19%
Consumer Demand for Gourmet Lifestyle Continues to Grow
Gourmet Cooks significantly outspend other Households in many important product categories:
% Increase of Annual Spending of Gourmet Cooks versus other Households
Wine
Liquo
r
Spices
/
Seaso
nings
Shorte
nings
/
Oils
Snack
s /
Sprea
ds
Produ
ce
Dried
Veg. /
Grains Bak
ing
Suppli
es Nuts
Pasta
Coffe
e
Cookw
are
Chees
e
Source: Homescan 52 Week Ending 5/31/2008 - UPC Coded Products.
Consumer Demand for Gourmet Lifestyle Continues to Grow
• 22 million households claim to have a gourmet cook
• Gourmet shoppers average $100K in annual household income
• Most gourmet shoppers work in professional or management jobs
• 48% are trading out from restaurants for preparing gourmet meals at
home
Gourmet Consumers are Passionate and “Recession-Resistant.”
Source: Homescan Panel Views Survey - March 2008.
Top Operating Initiatives*
• Expect sales to be equal to or better than 2008 64 %
• Expect profit to equal or increase from 2008 68 %
• Believe they can manage their store through difficult economy 66 %
• Being aggressive in managing during the recession 56 %
• Expect current actions will make them stronger post-recession 81 %
Why The Gourmet Retailer Audience is More Successful Than Other Specialty Retailers:
* Source: TGR Audience Study – Akel & Associates July 2009
Top Strategies to Manage More Effectively*
• Discovering ways to reduce costs 69 %
• Demanding more of suppliers 66 %
• Analyzing data more closely 65 %
• Instituting tighter financial controls 59 %
• Getting customers feedback 54 %
Why The Gourmet Retailer Audience is More Successful Than Other Specialty Retailers:
* Source: TGR Audience Study – Akel & Associates July 2009
Top Marketing/Merchandising Strategies to Generate Sales*
• Creating proactive marketing/ merchandising activities 98 %
• Adjusting product mixes/lines 87 %
• Investing in advertising/marketing programs 82 %
* Source: TGR Audience Study – Akel & Associates July 2009
Why The Gourmet Retailer Audience is More Successful Than Other Specialty Retailers:
The Gourmet Retailer is the Business Tool for Aggressive and Successful Specialty Retailers
New Products
Product Category Trends & Insights
Merchandising and Marketing Ideas
Operational and Management Advice
Why Do They Rely on The Gourmet Retailer?
“Need to have retailing & business information”
The Gourmet Retailer is the Business Tool for Aggressive and Successful Specialty Retailers
Michelle Moran: Editor-in-Chief
Michelle joined The Gourmet Retailer in 2000. Besides being the resident expert on tabletop
products, she covers the natural foods and confections industries.
A consistent speaker in the housewares industry, she
presents research on the bridal, tabletop and kitchenware markets to
trade show audiences, as well as presentations on
marketing and public relations for trade associations and
buying groups.
The Gourmet Retailer’s editorial mission is to provide aggressive and successful specialty food and kitchenware retailers with information on merchandising, store operations/education, new products, product knowledge and trends that helps them meet the needs of their customers while increasing store sales and profits.
This information is blended with coverage of food and kitchenware segments for the most comprehensive source of news and information on the industry.
The Gourmet Retailer provides retailers with the operational/ management advice they need to profitably run their business. From product knowledge to staff training, industry trends to merchandising ideas, each issue is packed with information that drivessales & profits.
The Gourmet Retailer is the Business Tool for Aggressive and Successful Specialty Retailers
Senior Editor James Mellgren has 20 years of expertise in gourmet foods & housewares as a retailer, wholesaler, importer, restaurateur and author.
“I find each issue offers learning tools for myself and my staff… I’ll cut out pages and pages of product ads I think that are worthy of consideration.” Mick Rosacci, Tony’s Meats & Specialty Foods, Centennial, Colo.
Case & Counter Delivers Information on theSpecialty Food Category
The Gourmet Retailer is the Business Tool for Aggressive and Successful Specialty Retailers
“I have read your magazine from cover to cover since we started Sur La Table… I believe that you cover all subjects in a manner that speaks to every level of retailer.”
Renee Behnke, Sur La Table, Seattle Wash.
Ware & Why Delivers Insight on the Kitchenware Category in Every Issue
The Gourmet Retailer is the Business Tool for Aggressive and Successful Specialty Retailers
What Readers Value Most*
• Specific business management approaches
for specialty products retailing 61 %
• News about new specialty products 52 %
• Ideas for selling specific product categories 51 %
• News about the specialty business 19 %
(changes at vendors, people in the news)
• Information about associations 15 %
Why The Gourmet Retailer is Preferred by Aggressive and Successful Specialty Retailers
* Source: TGR Audience Study – Akel & Associates July 2009
Reason TGR’s Editorial Approach is More Favored*
• Find TGR’s editorial product more meaningful than other pubs 81 %
• Find TGR’s coverage of both specialty food and kitchenware meaningful 75 %
• Find TGR’s full suite of media worthwhile 86 %
• Read all or most issues of the publication 98 %
• Take actions based on ads in the magazine 97 %
* Source: TGR Audience Study – Akel & Associates July 2009
Why The Gourmet Retailer is Preferred by Aggressive and Successful Specialty Retailers
The Gourmet Retailer rates higher in providing the key types of information to it’s subscribers compared to any other specialty food or kitchenware media source.
Preston/Rogers Associates, Inc. Market Research & Media Consulting - May, 2008
The Gourmet Retailer
Gourmet
News
Specialty Food
Magazine
Kitchenware
Gourmet Insider
New Products 82% 69% 77% 75% 56% Trends/Best-Sellers 74% 53% 64% 59% 52% Industry News 74% 74% 68% 62% 56% Product Knowledge 68% 41% 58% 48% 46% Product Evaluations 54% 34% 45% 36% 30% Merchandising/Marketing/ Promotion Ideas
51% 28% 33% 24% 24%
Retailer Profiles 51% 40% 42% 19% 34% Product Category Research 48% 30% 43% 24% 28%
How The Gourmet Retailer Compares to Other Specialty Retail Trade Media Brands
51,894 Specialty Retailers Each Month *
The Gourmet Retailer Delivers More Specialty Retailer Audience Than Any Other Food/Kitchenware Trade Media Source
While some overlap occurs, most retailers get their info from one of these communication channels.
15,844
subscribersDispatch
e-Mail Newsletter
20,000 subscribers
The Gourmet Retailer Magazine
20,856
unique visitors/moGourmetRetailer.com
*Total Avg. Monthly Unduplicated Audience
The Gourmet Retailer Subscribers are the Key Decision-Makers in Specialty Retailing
Subscribers by Store Type*Subscribers Job Title*
20%Kitchenware
Store
27%Specialty Food
Store18%
Gift Gourmet Store
4% 2%Supermarket
Department Store
67%C-Suite
CEO, COO,CFO, CIO, President, Owner
15%Buyer/Merchandiser
14%VP/Director/GM
3%
Other Management
Positions
* Source: December 2008 BPA
Audience Key Operational Responsibilities*
• Product purchases/selections 90 %
• Planning 88 %
• Marketing merchandising 87 %
• Product Sales 86 %
• Financial/budgeting issues 82 %
• Customer acquisition/retention 79 %
• Staff, management 76 %
The Gourmet Retailer Subscribers are the Key Decision-Makers in Specialty Retailing
* Source: TGR Audience Study – Akel & Associates July 2009
Audience Involvement in Supplier/Product Selection*
• Involved in selecting suppliers/products 98 %
• Determine needs regarding product/supplier 83 %
• Evaluate alternatives 75 %
• Hold discussions with potential suppliers 69 %
• Recommend/specify suppliers/products 67 %
• Develop plans/budgets 67 %
• Learn about products from vendor ads 61 %
The Gourmet Retailer Subscribers are the Key Decision-Makers in Specialty Retailing
* Source: TGR Audience Study – Akel & Associates July 2009
Breakdown of Products By Share of Annual Store Revenue*
% retailers selling
product line % total sales avg. revenue
Specialty food/beverages 98% 62.0 $489,500
Kitchenware/housewares 77% 19.8 $156,500
Tabletop/ Gift 87% 14.3 $112,800
Special services 4% 3.8 $30,000
The Gourmet Retailer Subscribers are the Key Decision-Makers in Specialty Retailing
* Source: TGR Audience Study – Akel & Associates July 2009
Advertising in The Gourmet Retailer Generates Sales Orders & Retailer Inter-Action
82% of Subscribers Take A Buying Action on Ads in The Gourmet Retailer
Bought Products Advertised
46%
47%
78%
76%
58%
65%
Visited an Advertiser’s Web site
Discussed an ad or article with others in their companies
Requested information from company, sales rep or distributor
Recommended or Specified Products Advertised
Referred an ad or article to others in their companies
Source: May 2008 Signet Ad Impact Study
The Gourmet Retailer Magazine’s Subscribers are not Reached by Other Industry Magazines
Information Needs Survey. Preston/Rogers Associates. May 2008
Gourmet Insider
HFN
Homeworld
Kitchenware News
Fancy Food & Culinary Products
Gourmet News
Specialty Food Magazine
The Gourmet Retailer
Magazines Received
5%
0%
0%
2%
5%
6%
9%
12%
61%
The Gourmet Retailer is the “Need to Have” Trade Magazine
Other
Gourmet Insider
HFN
Homeworld
Kitchenware News
Fancy Food & Culinary Products
Gourmet News
Specialty Food Magazine
The Gourmet Retailer
Those who prefer The Gourmet Retailer feel it is the most informative industry publication overall, providing information on new products and food trends.
Percent of subscribers who would prefer to receive The Gourmet Retailer over any other industry publication.
Source: May 2008 Signet Ad Impact Study
The Gourmet Retailer Website and Newsletter Extends Your Retailer Audience Reach
Gourmetretailer.com is the leading source of business information for specialty retailers.
• 45,508 avg. monthly page views
•20,856 avg. monthly unique visitors
.
Breaking News Dispatch
• 15,844 retailer subscribers.
• Sent 3x a week (Mon, Weds, Fri).
The Gourmet Retailer Provides the Most Complete Offering of Online Products for Specialty Retailers.
GourmetRetailer.com
Site Demographics:*
45,508 impressions
20,856 unique browsers
2:07 average visit
Site Visitor Job Titles:
42% c-suite executive31% manager/director11 % sales16% other
Reasons for visiting:
75% Product Info 65% Industry News/Analysis
59% General Searches/Research
58% Merch, Marketing, Promotion Ideas48% Company Contact Information
* Source: Nielsen Site Census
The Gourmet Retailer Provides the Most Complete Offering of Online Products
Breaking News Dispatch e-Mail Newsletter
Subscriber Demographics:*
15,844 opt-in subscribers
3x per week frequency
205,800 avg. impressions per month
20% open rate
7% click-thru rate
72% are owners/managers
82% have purchasing authority for their company
58% visit gourmetretailer.com after reading Dispatch newsletter
Reasons for Subscribing:
86% Stay updated with industry news 92% New products & trends 50% Research & Analysis
* Source: Publishers Own Data
The Gourmet Retailer Provides the Most Complete Offering of Online Products
Automated Lead Source From Retailers!
The New Product Showcase on gourmetretailer.com is a new searchable database of products that taps into our more than 23,000 retailers that visit the site each month.
Easy do-it-yourself uploads; make changes; add keywords and links!
Listings are Search Engine Optimized and you choose your keywords.
$750 / Productfor one product - for one yearunlimited changes
$500 / Productfor 3 or more products - for one yearunlimited changes
New Product Showcase
Providing Suppliers a Forum to Feature Their New Products and Line Extensions
The Gourmet Retailer Provides the Most Complete Offering of Online Products
Reach Retailers as They Read Online Articles With Content Related to Your Products or Category!
Gourmet Direct
Custom built micro sites created from your company/product marketing collateral to serve your retailer customers information needs 24/7.
Contextually linked to relevant content on gourmetretailer.com
Search Engine Optimized captures retailer-initiated searches for your product and category.
$8,000 Annual Feeor
$3 Per Click
The Gourmet Retailer Provides the Most Complete Offering of Online Products
Catalog Showroom
Housewaresdirect.com & Condimental.com
Product Sourcing Exchanges
Digitize your entire product line catalog and posted on gourmetretailer.com.
Catalog is fully searchable by keyword for showroom visitors and search engine optimized for retailer initiated search.
Catalog also posted on product sourcing exchanges that serve 38,000 registered retailer users and available to gourmetretailer site visitors.
$2,100 Annual Fee&
5% commission on sales orders received
Online Product Catalog Showroom and Product Sourcing
Retail 2020: The Only Specialty Retailing Educational & Networking Conference
Retail 2020 will bring together executives from the specialty food and kitchenware retail industry in this focused conference to help them remain competitive in an increasingly difficult market.
Featured speakers and panels provide the vision, insights and tools as specialty independent retailers listen and share business successes in marketing, training, merchandising, buying and operational management.
August 4th - 6th, 2010San Francisco
Sponsorships from $5,000 to $20,000
Find out what your specialty retailer customers need from your company to improve their retailing execution.
Sponsor Benefits:
2 days of retailer networking & interaction with over 150 specialty retailers.
Tabletop exhibiting and product sampling.
One on one retailer meetings pre-scheduled with attendees.
Logo exposure on all pre and post event marketing and editorial coverage
5 Reasons Why The Gourmet Retailer is Your Company’s Best Advertising Investment:
1. $87 billion marketplace with over 113,000 storefronts means plenty of opportunity to increase sales and sell-thru.
2. The Gourmet Retailer focuses on the most aggressive and successful specialty retailers of food & kitchenwares – your most profitable seller!
3. The Gourmet Retailer’s content of new products, category insights and operational/management insights makes it the best-read & most preferred trade brand among the more successful retailers.
4. The Gourmet Retailer magazine, web site & Dispatch newsletter assure your sales message reaches the largest audience of successful specialty food & kitchenware retailers.
5. Advertising in The Gourmet Retailer produces orders and sales.
The Gourmet Retailer is a Nielsen Company and Nielsen Retail Food Group Information Brand.
The Nielsen Company is the world’s most respected
source of market information, data,
media research and measurement.
Nielsen’s Retail Food Group is a division of
Nielsen Business Media a leading provider of b2b trade print and digital
media brands, expos and conferences.
Contact your Sales Representative for Advertising Opportunities:
VP, PUBLISHING DIRECTOR, NIELSEN RETAIL FOOD GROUPScott J. Seltz • 646-654-4534 • [email protected]
WESTShari Wainberg • 800-229-1559 • [email protected]
MIDWEST Arnie Bennett • 847-590-1332 • [email protected]
EAST & INTERNATIONALBrad Simon •631-673-4848 • [email protected]
www.GourmetRetailer.com