Category Plans: What’s In A Name
Topics: Category Strategy, FMCG
Retail World September 2008 – by Norrelle Goldring, Director, ShopAbility
What is a category plan? What isn’t it? What goes in one, how do you go about constructing it and most importantly, how do you get traction on it?
It’s that time of year again for many suppliers – annual planning time. Yet many suppliers have category plans that are in-store tactical expressions of the brand or individual customer plans, rather than category plans in their own right. Based on discussions with a number of you recently, we thought it topical to provide some thoughts on best practice category planning.
Why have a category plan?
Category plans provide a common platform and overarching framework for all marketing, channel and customer activity. A good category plan helps you: Read More >
We have discussed elsewhere in this magazine the anticipated shift to consolidated shopping trips and heavier focus on perceived value for money as the economy slows.
As consumers grapple with all that is plaguing the Australian economy, they have started to batten down the hatches and shift their spending habits, turning to money-saving options as they find ways to pay for dramatic increases in the cost of living and the associated run-on to the other necessities of life.
Single person urban dwellings (or SPUDs) now account for 25% of all Australian households in 2008. More people are trading white picket fences for elevator access. But is the rise and rise of the SPUD being reflected in products and stores? Who is the SPUD shopper and what do they want and need?