L.L. Bean Moving Money Into Marketing
Almost two years ago, L.L. Bean began to move investments from infrastructure and staffing to prospecting and advertising. The results are just now coming in
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Finally, we have to continue to bring new people into direct marketing. We think the co-op databases and their subscribers are in the same position now that we were a few years ago — too dependent on best customers. Some companies now are netting only 15 percent to 25 percent on their merge.
Prospecting is a real challenge for us, as I’m sure it is for other merchants, too.
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Reported Donna Loyle
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