Cover Story: Tailored Deals Bank Sales
Aggressive promotions and integrated
database marketing help make JoS. A. Bank
recession-proof
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Joe Keenan
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Offered across all of JoS. A. Bank's selling channels — retail, catalog and web/email — the promotions have increased sales and strengthened relationships with customers by establishing mutual loyalty, Owens says.
"JoS. A. Bank found an angle during a tough economic environment: A suit is typically an investment for men," says Jean-Yves Sabot, vice president of the retail group of Abacus, a division of Epsilon Targeting, which provides market research and housefile modeling for JoS. A. Bank. "It removed the stress of making this 'investment' by offering its job-loss promise. That strong message, combined with targeting the right buyers, helped it trigger a positive result."
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Joe Keenan
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Joe Keenan is the executive editor of Total Retail. Joe has more than 10 years experience covering the retail industry, and enjoys profiling innovative companies and people in the space.
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