LESSON 12: PROMOTIONAL PLANNING
Regular promotions will increase sales and encourage customers to try new items. Customers are more likely to buy in multiples if they’re on sale or give a new item a shot if it’s offered at a discounted introductory price. It is very important to be prepared by planning well in advance for upcoming holidays and promotional events. This includes reviewing past years’ sales, taking advantage of published promotions, Holiday Booking opportunities, and reviewing current mix of products.
Regular monthly promotions are offered via several different avenues.
Holiday Bookings
Offered at key times throughout the year, bookings are essential in order to provide seasonal specific bakery products not otherwise available. These bookings are typically done six months ahead of the delivery date as dictated by the manufacturer’s lead times for production.
Promotions can include:
Event promotions
Promotions can run from one week to a month at a time. Some retailers run quarterly promotions on key items or lines.
Whatever the avenue, communication between retailers and their respective reps is key to a successful promotion. Care must be taken to ensure promotion is in place and an adequate supply of product has been secured. Communication between the account and the sales rep, and ultimately the buying staff at UNFI/TFF, is absolutely crucial to the promotion’s success.