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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“Previously, we were relying too much on our housefile for sales,” says Fuller. “But we learned that was a short-term solution at best.” Buyer fatigue set in and attrition soon followed. “We had to be out there with our marketing message in a broad-based way,” he notes. “One of the big lessons we learned was that customer retention at the expense of acquisition is only a short-term strategy.”
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Reported Donna Loyle
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