14 December 2011 - 3:00pm | posted by | 0 comments

Marketers and media agencies 'change Christmas strategies' amid High Street concerns

Christmas on the High StreetChristmas on the High Street

More than 60% of marketers and media agencies have readjusted the Christmas sales plans they set out at the beginning of the year because of fears of a poor festive sales period.

That is according to qualitative research from 20 media agency planner/buyers and marketers carried out by O2 Media.

It analysed marketing campaigns in the run up to Christmas and found that following growing concerns of a weak Christmas (40% are nervous about the current economic climate) 63% of respondents have re-planned the festive campaigns they initially created in Q1.

As part of this readjustment, 71% have included mobile in their marketing mix and 65% have increased their investment in mobile.

Just over half (52%) said they had increased their spend in search, 50% in online, 22% in radio, 15% in TV and only 10% had increased their spend in outdoor.

Some 63% said they had no contingency budget for Q4 and of the remaining 37%, 31% of those have less than £100,000 leaving many marketers few options if their campaigns are failing to hit their targets.

Gary Cole, the commercial director at O2 Media, said: “What we are seeing is marketers having to react quickly to difficult economic conditions at critical buying times with little move for manoeuvre in terms of additional budget spend."

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