Mostrando las entradas con la etiqueta Sales. Mostrar todas las entradas
Mostrando las entradas con la etiqueta Sales. Mostrar todas las entradas

2015/01/21

Toyota flags its first drop in vehicle sales in at least 15 years

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  • Toyota Motor Corp projected a drop in vehicle sales for the year ahead, its first such bearish forecast in at least 15 years, as flagging demand in Japan, Indonesia and other key markets raises the chance that Volkswagen will steal the industry crown.
    The forecast underscores Chief Executive Akio Toyoda’s resolve to steer the company through measured, profitable growth rather than chase volumes after getting burned by a capacity glut in the wake of the 2008 global financial crisis.
    Toyota said on Wednesday it expects 2015 global vehicle sales, including those of subsidiaries Daihatsu Motor Co and Hino Motors Ltd, to slip 1% to 10.15 million vehicles.
    The world’s biggest automaker has not forecast a drop in annual vehicle sales since at least 2000, a spokeswoman said. That excludes a mid-year revision in 2011, when natural disasters temporarily halted production. Toyota did not provide initial forecasts for 2009 amid uncertainty during the financial crisis.
    CEO Toyoda has declared a three-year freeze on building new factories through the financial year to March 2016 to focus on becoming leaner and more profitable, even as Toyota took the top sales spot back from General Motors in 2012.
    Toyota expects growth in China, the world’s biggest auto market, to halve this year after sales fell short of its target in 2014 on the back of a slowing economy and political tensions between Beijing and Tokyo.
    In contrast, China, the world’s biggest car market, helped rival Volkswagen clock in growth of 4.2% to 10.14 million vehicles last year. The group’s aggressive expansion plans could see it reach a goal of overtaking Toyota this year, ahead of its self-imposed deadline of 2018.
    Toyota expects its parent-only sales to rise 0.4 percent to 9.18 million vehicles, with a 7% fall to 1.45 million in Japan, where a sales tax hike last year has hit demand. It expects overseas sales to rise 2% to 7.73 million vehicles, thanks to a healthy U.S. market.
    In 2014, group-wide sales grew 3% to 10.231 million vehicles.
    Toyota’s sales in Indonesia, Southeast Asia’s biggest economy, fell 11% last year. The Indonesian automobile market is expected to remain weak in 2015 after the reduction of fuel subsidies.
    Toyota forecast its sales in Thailand will rise 0.9% to 330,000 vehicles in 2015 led by an increase in commercial vehicle sales. Its Thai auto sales shrank 27% in 2014 as domestic political unrest impacted consumer buying decisions.

    2014/03/24

    Tiffany Expects Sales To Soar This Year

    By PHIL WAHBA, REUTERS

    Tiffany & Co.  said on Friday it expects net worldwide sales to rise in the high single digits in percentage terms this year, with growth in all regions.
    The upscale New York-based jeweler reported a loss of $103.6 million, or 81 cents per share, in the fourth quarter ended January 31, due primarily to losing an arbitrations ruling against The Swatch Group. A year earlier, it recorded a profit of $179.6 million, or $1.40 a share.
    Excluding the arbitration loss, Tiffany earned $1.47 per share last quarter.
    The company said it expected a profit of $4.05 to $4.15 per share this fiscal year.
    (Reporting by Phil Wahba in New York; Editing by Jeffrey Benkoe)
    This post originally appeared at Reuters. Copyright 2014. Follow Reuters on Twitter.


    Read more: http://www.businessinsider.com/r-tiffany-sees-full-year-revenues-rising-in-high-single-digits-2014-21#ixzz2wteei484

    2014/01/14

    GM Global Sales Hit $9.7 Million Last Year, Beats Volkswagen

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    General Motors
    General Motors sold 9.71 million cars and trucks last year, probably not enough to beat out Toyota for the global sales crown, but about 2 million better than Volkswagen.
    Toyota, the sales champion in 2012, will report its sales next week. It only needs to show a little growth to beat GM again.
    GM said Tuesday that sales of light vehicles worldwide grew 4 percent in 2013, led by growth in China and the United Kingdom. The company’s sales in China rose 11 percent to set a record. U.S. sales were up 7 percent, slightly below the market’s growth of nearly 8 percent.
    Volkswagen said Monday that it sold 9.5 million light vehicles last year, setting a company record for overall sales.
    Toyota sold roughly 9.7 million cars and trucks in 2012, recapturing the lead it ceded to GM in 2011.
    GM was the top-selling carmaker for more than seven decades before losing the title to Toyota in 2008. But GM retook the sales crown in 2011 when Toyota’s factories were slowed by an earthquake and tsunami in Japan. The disaster left Toyota dealers with few cars to sell. The Japanese company has since recovered.
    Both companies say publicly that they don’t care about who wins, but concede that the crown is an important morale booster for employees.
    Toyota’s global sales for the first nine months of the year reached 7.41 million vehicles, little changed from the previous year but outpacing General Motors to keep its lead over GM. Detroit-based GM sold 7.25 million vehicles from January through September.


    Read more: GM Global Sales Hit $9.7 Million Last Year, Beats Volkswagen | TIME.com http://business.time.com/2014/01/14/gm-global-sales-hit-9-7-million-last-year-beats-volkswagen/#ixzz2qOb7KA6i

    2013/10/17

    How Free People Is Using Big Data And Social Commerce For Bigger Sales

    While some retailers continue to wring their hands and fret that their customers are only browsing in stores but buying online, smart merchants are making moves to maximize every sales channel they have.
    Free People, a specialty retail chain that’s part of the Urban Outfitters family of brands, is making big strides to integrate commerce both in stores and online as well as in its customers’ pockets via their smartphones.  The company is also taking a deeper dive into social media, looking beyond the “likes” and follower counts, to tap conversations and target customers in a very personal way.
    Free People’s approach is timely. Even though over 90 percent of retail sales still happen the old fashioned way –in brick and mortar stores– shoppers spent $182 billion online in 2012, a 15 percent jump from the previous year. And many of them are looking to their peers to get recommendations on what to buy –especially for the holidays. A recent survey from Crowdtap found that 67 percent of shoppers purchased a gift they found on social media and 64.8 percent of them are using social media to find that perfect item.
    Jed Paulson, Free People’s director of e-commerce says the integration between sales and social at the company happened somewhat organically. “When I joined Free People three years ago, we had a healthy Facebook page [about 300,000 fans] and about 30,000 Twitter followers,” he tells FORBES. At the time, Free People was using those channels to run contests encouraging customers to submit a photo of themselves wearing Free People apparel. An online cadre of women crazy for all things boho galvanized into a group dubbed FP Me. “They were excited to just post,” he says, “That’s where we started to get the idea we could engage our community even more.”
    Things started to shift toward targeted engagement even further when Instagram became an instant hit with Free People’s devotees eager to see the company’s snaps of  catalog photo shoots. Pinterest and its look-a-likes Wanelo and others also came into play about that time, says Paulson, as product portfolios doing double duty as customer acquisition tools.
    Just this month, Free People went a step further with Pinterest to launch a special collection of limited-edition holiday dresses. Pinterest users are able to pre-order with a special link, ahead of the the full launch in late October.
    The Pinterest play echoes a recent initiative from J. Crew, marking the first rumblings among retailers that are aware of how powerful the digital scrapbooking site can be. Recent data from BloomReach indicates that Pinterest users spent 60 percent more than Facebook’s and Pinterest traffic converted to a sale 22 percent more than Facebook.
    Alongside the work in social media, Free People developed a multichannel app in partnership withWebLinc that brings all the shopping and sharing experiences together on the iPhone. It launched in June and Paulson estimates that it’s been downloaded 130,000 times.
    Darren Hill, CEO and co-founder of WebLinc, tells FORBES, “Leading retailers’ main shift in thinking is that e-commerce is the primary focus and physical stores are secondary. WebLinc clients and retailers everywhere are beginning to embrace customer “showrooming” in their stores and creating tools for mobile devices that allow customers to get the wealth of data available online (reviews, “you might also like”, outfit recommendations, sizing, color, etc.) from within the store.
    Though Paulson admits Free People’s mobile site is a necessary tool, he enthuses about the app’s greater functionality. “In store associates can talk about fit and styling but it’s also powerful to read customer reviews quickly and see how others are wearing [the clothes],” he explains. In addition to actually shopping, dedicated fans can also shoot and upload photos of their style within the app to share with the community.
    The app’s back end integrates both online and in store inventories, too, says Paulson. Though the customer can’t see it, she’ll get that desired item more quickly if it ships from a store closer to her home rather than from a distribution center across the country, he says.
    So far, the strategies are working. Among both Free People wholesale, which sells its product to approximately 1,400 specialty stores and select department stores and 83 Free People stores in the United States and Canada, catalogs and websites, net sales for the first six months of 2013 at the brand topped $180 million versus $135,460,000 in 2012. The bigger story is in comparable sales at stores open at least a year. Net sales in the second quarter increased 38% at Free People, beating out the other brands in the Urban Outfitters portfolio.

    2013/07/02

    How Emotions Make the Sale

    my life perfumeHow do you sell perfume without giving the customer a whiff?
    How do you sell high-end athletic wear capable of withstanding the toughest outdoor conditions to people who are not likely to do anything more dangerous than hop a subway?
    And what about the magic of dolls for little girls these days? Are sales dead in a world driven by digital gaming and other cyber adventures?
    Four retailers who spoke at a conference in May at Wharton’s Jay H. Baker Retailing Center came up with same answer: Connect with the consumer on an emotional level, and the sales will follow.
    Three out of four emphatically agreed that while there are unlimited ways to connect with the consumer, video has become one of the most effective tools. “If a prospective buyer clicks on a video on our website, the likelihood of an actual purchase goes up 50%,” said Lindsay Rice, vice president of direct-to-consumer at The North Face, an international purveyor of outdoor clothing and gear for men, women and children.
    Videos from The North Face deliver precise consumer information — such as the height of a model so a consumer can gauge how long a jacket looks on a 5’4” frame — as well as an emotional experience, Rice noted. They depict jaw-dropping bike trails, picturesque sunrises, harrowing descents and handsome athletes completely decked out in North Face style. The pulsating music is designed to trigger an at-home, indoor adrenaline rush. Action-packed videos play a “huge role” in creating a youthful, can-do vibe for consumers in North Face stores and reinforcing the corporate motto: “Never stop exploring,” Rice said.
    Founded more than 40 years ago in California, The North Face is a division of VF Outdoor, Inc., a company of 35 brands, including Wrangler, Lee, Kipling, Nautica, Reef and Timberland. “Every day I get a report card,” noted Rice about the sales numbers that pour in from websites, mobile devices and stores around the world.
    In addition, Rice added that he is responsible for “building connections with consumers” — from product planning to design and location of company stores, hiring and training of sales people who exude the corporate culture, and sponsoring actual expeditions that showcase “living the brand.” A new challenge in the fiercely competitive business of athletic wear is an alarming decline in interest among youth in outdoor activities. That has added a new mission to Rice and his colleagues to re-ignite that passion.
    Gwyn Wiadro, vice president of women’s apparel for Baltimore-based sports apparel manufacturer Under Armour, noted that her firm also uses videos to focus consumers on the pride and exhilaration of winning a competitive event, from basketball to boxing. In them, athletes jump for joy and high-five their teammates. Like North Face, the obvious message is: People who wear these brands are winners. “Our brand DNA is ‘fighting, bold, loud, hungry, no challenge is too great,’” said Wiadro.
    Selling to women requires a more body-conscious approach, she added. “Our pants … cover that muffin top. If you’re going to spend $80 for them, please buy our seamless underwear as well. For a female runner, the second most important piece of equipment — after her shoes — is her bra.” Meanwhile, T-shirts for girls aim to instill the company’s mantra in that target audience by sporting phrases such as “Beat Me? Dream On” or “Winning is a Habit.”
    However, for young boys — a market dominated by Under Armour — the pitch is different. Under a licensing agreement with Marvel, images of Iron Man, Spider-Man, Batman, the Incredible Hulk and Captain America are in high demand. “Kids love their superheroes, and these shirts become their prized possessions. In the eyes of my kids’ friends, I’m the coolest mom in Baltimore because I work for [Under Armour],” she said.
    Selling Perfume through Storytelling
    Anne Martin-Vachon, chief merchandising officer for HSN, an interactive home shopping network that broadcasts live 24 hours a day, showed conference attendees a video that sold 66,000 bottles of perfume at $50 a pop in six hours to customers who had no idea how it smelled.
    Called “My Life,” the perfume was launched under the name of R&B singer Mary J. Blige. The video shows flashy, brooding images of Blige — an entertainer, businesswoman and survivor of tough times — with cuts from Blige’s own discography.
    Instead of sales people, Martin-Vachon described online marketers as “story tellers…. We never lose sight of the fact that shopping is supposed to be fun.” Eighty-four percent of the company’s customers are female, with an average income of $69,000, she noted. “We want to connect with people in an emotional way. We want their trust and their loyalty. If we build a relationship [with a consumer] and she doesn’t buy today, she will buy another time.”
    The fourth panelist at the conference comes from a world where emotion looms large. Gale Jarvis, president of Alexander Doll Co., a 90-year-old private manufacturer of quality dolls known to families and collectors worldwide as Madame Alexander, said: “We know our customers want escape. They want dreams and magic; not reality. It’s very important that we understand that magic.”
    The company, which has incorporated a number of multicultural dolls into its lineup, does not miss an opportunity to tug at the heartstrings. There are dolls dressed for every holiday and for every Disney story, from Cinderella to Cruella de Vil. Dolls dressed in national dress from countries around the world are largely for the collector market. More than 15,000 Madame Alexander dolls are on eBay, a few with $1,500 price tags. And like Star Wars and Rocky Horror fans, adult Madame Alexander devotees frequently attend conventions dressed like their dolls.
    Jarvis came to the company from Macy’s, where she was responsible for exclusive product launches of Cabbage Patch Kids and storytelling bear Teddy Ruxpin. In her role at Alexander Doll, Jarvis introduced the first Madame Alexander baby nursery at the FAO Schwarz flagship store in New York. Here, children choose a four-pound baby doll from a simulated hospital setting and discuss care with an employee dressed as a nurse. Once chosen, the child completes adoption papers, wraps her newborn in a blanket for the ride home, and parents part with $120.
    “We want to own that emotional connection between mother and daughter,” said Jarvis.
    This entry was posted in Knowledge@Wharton Today. Bookmark the permalink. Follow any comments here with the RSS feed for this post.

    2012/11/26

    Not Closing? What Customers Really Fear

    The phone rings – and your prospect hesitates. You can’t see her. Worse, you can’t picture her life on the other end.  You see, your call isn’t a welcome break. It’s a disruption. When you call, your prospect is already twenty emails behind – with another crisis popping up by the second ring. And you’re probably calling during that five minute window she’d hoped to finally reach the cable company. Before you connect, your prospect is already asking, Why me? Why now? And how did you get my name (Stupid Linkedin)?

    Best case scenario: You catch a break. Maybe your charm draws her attention. Your questions hit a nerve. Your pitch rouses genuine curiosity. Heck, you even bond over your love of the Chicago Cubs. Afterwards, you glide through your sales process, covering every base. But when you pull out that letter of intent, she freezes up like a politician on a polygraph.

    So what kept her from pulling the trigger? A purchase order seemed like the logical end. Now, your sales manager is interrogating you, hoping to uncover where you went wrong. But your manager won’t like the answer. You see, customers aren’t always rational. Their lizard brains faithfully seek justifications for avoiding decisions.  By delaying, they hope the threat will eventually pass. We’ve lived without your product this long, they argue. Why can’t we wait longer? In their contentment, they forget an innate awareness every lizard possesses: Staying still in uncertain terrain is the fastest way to die. So when your customer starts dragging her feet, she might just fear the following:
    1) Making a Commitment:Commitment requires change. In the moment, change often feels worse than the status quo. Step into your prospect’s role. You have the spotlight. You are the point person who must see this decision through. Some peers will expect more than can possibly be delivered. Others will worry how your solution will reduce their value or reveal their dirty secrets. At the same time, you’ll handle everything from overhauling processes to training and maintenance. Chances are, you’ll be juggling these details in addition to your exhausting workload.

    At the same time, you’ll wonder if a better solution will come along once you’re under contract. With each obstacle, your inner Iago will hammer home the same points: This wasn’t in my budget. This wasn’t part of the plan. We were better off before. Don’t kid yourself: It’s happened to your prospects before. And they have long memories.
    2) Investing Time: Here you are: A salesperson (or “Assistant Vice President” if your company is generous). Across from you sits an owner or department head. This person has probably built her operation from scratch and mastered her field. She took risks and is now responsible for the livelihoods of others. When you’re pitching, she is probably thinking one thing: “What does a salesperson know?”

    Fact is, you’re responsible for a quota, not a budget or payroll. Big difference. Your prospect is busy closing deals, delivering on promises, and staying in the black. She is tired and distracted from multitasking. If she reads, you can bet that she’s fretting about being a bad boss or motivating disengaged employees. You may see your solution as a Swiss army knife, but she views it as a potential dead end… as time she cannot get back. Buying requires people to do heavy lifting. Worse, it requires them to learn.  And she probably feels guilty that she lacks time for either.

    3) Making a Mistake: “What do you have to lose?” A lot, actually. During the sales process, your prospect is asking herself, “Are you legitimate?” “Is this just an act?” When you shake hands, she is taking a leap of faith. A big ticket purchase pulls a prospect into the unknown and creates uncertainty. Choosing you is a reflection on her. Every day, she’ll have to re-sell your solution to her team, to keep the peace and manage the politics. Hopefully, her choice lands her on the right side of history, but it’s no sure thing.
    If the execution falls through, you won’t experience the same backlash that she will. Failure is humiliating– and her peers will judge her for it. Suddenly, she’ll have to explain herself – and face criticism. Her peers will whisper that she’s over her head. Her status, reputation, and authority will erode. She may even lose her job.  Or worse, she’ll have to start over, going back through the same headaches, knowing her work with you was for nothing. Your prospect doesn’t want to be another sucker. She wants to feel safe, knowing you have a track record of sticking around and making it work. Many don’t. And that includes every one of us at one point or another.

    4) Facing Uncomfortable Issues: Ever notice how people get more uncomfortable the closer you get to the truth? In sales, your job is to make prospects uneasy, to prophesize like a corporate Cassandra and warn how the threat is real. Of course, Cassandra was ignored and your prospects will shut you out too. Human Nature 101: It’s just easier to crawl back into a shell and deny the implications. No one wants to hear that their current path is not sustainable. No one wants to imagine their comfortable cash cow being turned inside out. When they do, they’re usually returning to one question: Do I have what it takes to weather this?

    When you sell, you convey more than “You can do so much more.”  You’re also exposing that your prospects haven’t acted; don’t have all the answers; have fallen behind; and don’t fully control their destinies.  Most people are afraid to be challenged. With every question, you’re contradicting assumptions they’ve based their business – and lives – on. You’re warning your prospects that they must address their operational, cultural, and personal limitations. Like heart disease, their ailments are slowly building. But most won’t recognize the seriousness until the pain hits. By then, it’s too late. In the end, you’re doing your prospects a favor. Too bad most won’t thank you for it.

    5) Having a Relationship: You presume another company is the competition. But they’re incidental. Your real challenge is making a connection, to build the intimacy for your prospect to open up. And that’s terrifying. Step back into your prospect’s shoes. Imagine that you’re inviting a stranger into your company, sharing your proprietary information and potentially making yourself dependant on them. You’d feel vulnerable.  What if they can’t deliver or go under, you’d ask yourself. Would they take us down with them? And what if you liked the salesperson, but had to go with someone else? Could you still be friends? (Pretty Unlikely).

    A business relationship is often fraught with the same land mines as personal relationships. They can bring exhilaration and meaning, but also disappointment and hurt.  Real relationships – real partnerships – require continuous sacrifice, patience, compromise, and effort.  That’s why your prospect’s guard is up. Relationships are tough to maintain. Signing the check is actually the easy part. What comes afterwards, when the devotion and urgency inevitably fades, will determine if their faith in you was warranted. Or, if they were right to be wary.