Examining exclusives |
![]() |
![]() |
Written by Jim Seybert |
Tuesday, 04 May 2010 01:31 PM America/New_York |
Looking at the benefits of us-only productsAn industry survey by Christian Retailing
Exclusive items are broadly popular among Christian retailers—as many as seven in 10 carry them—but not everyone agrees on their value or place in the Christian products market.
We also learned about:
PURPOSE Most retailers placed a higher value on the competitive benefits of exclusives than on the wider margins the items often provide. Almost two in three (60%) said that “making my store unique” was the number one reason they carried exclusives. Attracting shoppers who might otherwise shop elsewhere was the reason given by 30%, while just over one in four (27%) stocked exclusives because they provide “higher margins.” Only a small number of stores (20%) told us that they used exclusives to boost average ticket totals. The vast majority of our respondents (78%) said they did not provide incentives or goals to encourage staff to sell exclusives.
PRODUCTS There is a strong appetite for exclusive product. Slightly more than three-quarters of all retailers wanted “more,” and another 16% said the industry needed “many more” exclusives. Only one in seven wanted to see fewer.
Non-affiliated outlets—many of them church stores—were twice as likely than affiliated stores to carry general market products with extra content added or offensive content removed. Almost one in five (19%) of non-affiliated stores would carry such items, while only one in 10 affiliated stores would carry extra-content items, and less than 1% wanted general market items with content removed.
PROGRESS There was no consensus among retailers on the question of improving the value of exclusives, though “more help from suppliers” in the way of marketing material and product design was a common answer. Holding products from the A small number of retailers saw inequities in the way specific groups of affiliated stores and chains promoted their own branded items. Thomas Nelson and Tyndale House Publishers received the highest praise for their exclusives—Nelson for its consistently aggressive pricing and Tyndale for its providing a constant supply of “CBA only” releases.
PROCESS The purpose of Vital Signs is to explore some of the critical issues faced by the industry and to generate meaningful dialogue. When you speak with colleagues, here are some starter questions you might ask: Would the value of exclusives increase if retailers would set sales goals and incentives for staff? Are exclusives unfair to some—and if so, is that OK? How do you let your shoppers know about exclusives in your store?
Jim Seybert is an author and consultant living in Arroyo Grande, Calif. He can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it. |