Monday, March 3, 2008

L.S. Macy's & Co.

Macy's apparently has failed at marketing itself as a store with one big national market, and is trying to be more regional -- in part because the people who shopped at Macy's when it was Macy's were used to Macy's, but the people who shopped at L.S. Ayres or Famous-Barr were used to a different type of store and seem to want it back. In many of the markets that were Macyized, there was Macy's and there was a May Co. or Federated store and each had its customers; now, there is only Macy's.

Here's a conundrum that newspapers and department stores share: To succeed with newer customers and be attractive to them, one has to change to reflect their preferences. But doing so means irritating your long-time customers. You can't just depend on your long-time customers, because they will die off. But you have to find the customers you can get and not just look for the customers you want. (See Bloomingdale's.)

Macy's tried to find the customers it wanted. But as an official now notes: "Some stores sell more size 12s than other stores. Some colors appeal to certain stores' shoppers more than others. We want to get the mix just right." (There are lots of ways to read that, but one way is: "Some of our stores' customers aren't as sophisticated or trendy as we wanted all of our customers to be." And he adds, sotto voce: "Or thin.")

The article also notes: "It is clear from all that we know that the greater you can match merchandise to local customers' tastes, the better off you are," said Richard Feinberg, a retail professor at Purdue University.

Give the lady what she wants!

Give the reader what she wants!

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