DMers can weather this economic landscape

Share this content:

As retailers hunker down and pray that consumers use their tax rebates for shopping sprees rather than socking them away, it is becoming increasingly apparent that we are headed toward a recessionary climate. Few retailers are bullish present­ly, and headlines of cost-cutting, job-pruning and consolidation have spread across a whole range of retail sectors.

This mood of retrenchment was apparent at last week's Mail­ers' Technical Advisory Committee meeting in Washington, DC, where Glen Walker, chief financial officer and EVP for the USPS, discussed the “very, very troubling” news that the USPS' mail volume is down by 3% for the first quarter of fis­cal year 2008. Yes, there was a rate increase last May, lest we forget — indeed, one DMNews reader commented on the story on our Web site that the USPS is fortunate not to have seen a greater decline than 3%, given the rate case. But Walker also attributed the figure to the rapidly declining economy.

A decline in overall marketing spend may be a very real fear for the industry at large. But while responsible companies will be picking through their processes carefully, looking for maxi­mum efficiencies, there is an opportunity for direct marketers to claim their ground as a relatively recession-proof weapon. This is not an industry that sprays messages out willy-nilly, or has exclusively soft goals such as branding campaigns that don't include an actionable element. Direct marketers can show the success or failures of their initiatives, and can act upon that by turning on a dime.

Marketing responsibly to consumers who need a hand priori­tizing their spending is something our industry can seize upon, through the plethora of channels available. The key word here is “responsibly,” of course; failure to adhere to that will quickly erode the industry's position of strength.

Loading links....

Sign up to our newsletters


Company of the Week


SK&A is a leading provider of U.S. healthcare information solutions and databases. As part of IMS Health, SK&A researches and maintains contact and profiling data for over 2 million healthcare providers, including 800,000+ prescribers. SK&A's data supports research and marketing initiatives for life sciences, medical device, managed healthcare, direct marketing, publishing, education and more. SK&A's proprietary databases are telephone-verified twice per year from its world class Research Centers. SK&A enables multi-channel marketing and sets the standard for data quality and reliability. SK&A's customers include many of America's most recognized healthcare, publishing and pharmaceutical institutions.


Featured Listings