Apparel Online Bangladesh Magazine October Issue 2018 | Page 68

RETAIL CURRENT THE LATEST NEWS HAVE YOUR SAY For the latest news on apparel and textile, make sure that you visit https://apparelresources.com/top-news/ Write to Apparel Resources, B-32, South Extension-1, New Delhi (110049), India or email: editor@apparelresources.com Nordstrom, JCPenney, Old Navy have the best ads! According to a recent study by ABX Advertising Effectiveness Benchmark Index, JCPenney, Nordstrom and Old Navy are among the top retailers when it comes to the field of advertising effectiveness, for the month of July 2018. ABX tracked a fashion retail group that ran about 88 ads in the month including big names from the retail industry like Saks Fifth Avenue, Neiman Marcus, Nordstrom, JCPenney, Lord & Taylor, Kohl’s, Macy’s, Sears, Dillard’s, Old Navy, and the Gap. In June, the retailers ran about 89 ads. The aim of ABX index is to measure the overall effectiveness of the advertisements and creativity they deliver across all mediums, like television, radio, and print to digital and freestanding inserts. This is done by rating the ads against 15 factors, or key performance indicators, with a total score adding to 100. This cumulative score movement that aims to depict a real portrayal of women and girls in the field of media. In Message and Action factors, the ad scored exceptionally well with score of Message at 130 and Reputation at 159. Its ABX Gender Equality Index scores were above an average of 100 for all sexes. shows the ‘average effectiveness’ of the ad. Brand awareness – and ‘message’ scores show the ad’s influence on the audience due to the scores of the factors of ‘reputation’ and ‘Call to Action’. Brands such as Saks Fifth Avenue, Neiman Marcus and Lord & Taylor have better performance at higher income levels, which is the case as well with affordable retailers such as The Gap, Old Navy and Macy’s. ABX also debuted a new segment of research that highlights the differences between ads’ impact on general population versus consumers who earn more than US $ 100,000 per annum. They noted that, “Fashion stores perform better at the higher income levels.” The title of the best ‘Overall’ ad was bagged by JCPenney’s ‘It’s Finally Here, the Fourth of July’ ad campaign which was a 15-second show centred on inclusivity. It shows people from various body types and sizes at the beach having fun and was a nod to the #SeeHer Underscoring the Kohl’s x Under Armour partnership, the 15-second online video called ‘I am so much better…’ scored the highest points for the ‘Gender Equality Index’. The ad with highest-scoring Purchase Intent was ‘Hello Hello Hello Hello – it’s your Wardrobe Calling’ 30-second online video advertisement by Nordstrom, which is one of the best-scoring ads for Purchase for the month of July. The ‘Get More Out of Your Busy Life’ 30-second television spot from Sears Kenmore had the highest score in the ‘Intent to Recommend’ category, at 168. Zara's parent company Inditex to sell all its brands online by 2020 Inditex, the parent company of the global leading apparel player Zara, has announced that all of its brands will be made available for sale online. The company’s CEO Pablo Isla at the reopening of its Zara flagship store at Milan’s Corso Vittorio Emanuele elucidated about this development. do not have physical presence,” he added. Notably, the online sales soared 41 per cent last year to reach 10 per cent of the group net sales, yet it fell behind its competitors in the fast-fashion segment, with Sweden’s H&M fetching around 12 per cent of its net sales online. Furthermore, the Spanish fast- Pablo affirmed that the company will provide its brands on e-commerce marketplaces by the next two years. “We want to offer our fashion collections to all our customers, wherever they are in the world and we are trying to prioritise those countries where we 68 Apparel Online Bangladesh | October 2018 | www.apparelresources.com fashion company also marked out the sustainability blueprint for the year 2020. The CEO cited that the company is now targeting to introduce its environment- friendly concept in all its outlets, an initiative adopted by around 80 per cent of its distribution network till date. Inditex’s integrated stock system, which helps to fulfil the online orders from store’s inventory is also going to be implemented in all of its brands. Apart from Zara, Inditex group also owns brands like Pull&Bear, Massimo Dutti and Bershka.