|
Competing
for Today's Bride
The Gourmet Retailer
July, 2001
By Michelle Moran
We all know today's bride is preparing for an entirely
different household than the bride of a decade ago. Engaged couples
are older, more established and savvy shoppers who have created
individual identities, and are now merging households. It's a big
change from the 20th-century bride who, for the most part, moved
from her parents' home to her husband's.
Add to the mix the increase in the groom's role
in bridal registry, more practical gift selections, and the growing
variety of registry choices - and you realize it may be time to
rethink your registry strategy.
The Couple
Research conducted by Bride's Magazine indicates
that the bridal registry business is bigger, healthier, and more
profitable than ever before. Now, a whopping 99% of engaged women
register (up 6% from 1997) and of those, 93% expect that the majority
of their guests will make their purchases from the registry. Besides
that, Generation Xers who are tying the knot are members of the
most brandable generation ever (they want the good stuff).
Today's engaged couples are registering at a variety
of stores, including department stores (69%), mass merchandisers
(66%), discount department stores (33%), online (9%), and importantly
for you, at specialty stores (42%). Online gift giving is expected
to grow from $1.2 billion in 1998 to $17 billion in 2004. In 1999,
a total of $19 billion was spent on gift registries for weddings.
According to Modern Bride, 91 percent of all engaged couples register
for gifts, and an average of $6,800 is spent on those registries.
"Twenty years ago, the average bride was 22.5
years old. Now she's 28 and men are in their thirties when they
marry today," said Elsa P. Pinto-Melikian, president of Sacramento,
Calif.-based registry service company Your Registry. "What
this means is that they already have established households and
they are registering for items that exactly represent their tastes
and their lifestyle."
Indeed, Bride's Magazine survey of 6,000 direct
mail recipients and 1,000 online recipients found that 52% of engaged
couples were cohabitating, so they're already establishing their
homes as sanctuaries.
Respondents emphasized that they view their homes
as "intimate reflections of who they are." Forty-two percent
said they cook together as couples, while 57% percent of them sit
down to dinner together four times a week. They anticipate that
they will spend significantly on their homes.
Entertainment was also a factor in engaged couples'
lives and their expectations about married life. Bride's Magazine
found that 95% of them "enjoy entertaining" and that 92%
expected to entertain more after their marriage.
It's these lifestyle trends - which are impacting
every facet of gourmet specialty retailing - that are changing the
face of bridal. While traditional values are still considered, they
are not the focus of today's bridal registry. Lifestyle and home
trends have also brought a diversification of retailers into the
bridal mix with companies like Home Depot, West Marine, Camping
World, and Ace Hardware competing for the bridal dollar.
"Today's couple wants more options in registries.
We see them registering for practical items from hardware stores
and personal items," Pinto-Melikian said. "In the gourmet
segment, couples are registering less for traditional tabletop and
more for entertainment items and cooking tools. It used to be the
silverware, the glassware, the china; it's not anymore."
So what are brides in your area doing? How are you
attracting them to your store? Who in your area is competing for
your bridal registry dollar? And what can you do with this information?
All these factors can be used to formulate your
own strategy to develop a healthier bridal registry program in your
community with the tools you already have at your command.
The Options Imagine for a moment that it's 1980
and you are engaged. Tradition leads you to the store where your
parents registered or a department store recommended by a friend.
You complete the in-store registry by hand, noting the obligatory
crystal and china patterns and jot down a few special items you
and your betrothed might actually use every day.
For today's bridal couple, that scenario is unacceptable.
Most register at a few different locations, completing lists that
include everything from outdoor grills to boating accessories. Bridal
couples are confronted with a bewildering number of choices in an
increasing number of retail channels. Smart and savvy, these couples
are demanding more access to registry information, convenience,
and choice.
Margaret Junkhan, owner of Ames, Iowa-based Cook's
Emporium, said her bridal couples are proving to be customers with
diversified interests.
"We are seeing a lot of variation in registries.
Our couples are older when they get married. They've had their own
apartments and already have a lot of possessions," she said.
"What they are registering for are replacement items of better
quality or discretionary things they haven't bought yet."
Pinto-Melikian's bridal couples have registered
for everything from boating gear to designer motorcycling clothing
to landscaping services.
"We do have some unusual registries,"
she admitted. "One couple's entire registry was done from West
Marine. When this man called, he was so excited about registering
for the things he needed for his sailboat. They registered for housewares
for the boat, specialty cookware, and dishes. What people want to
register for is what they want and need. They don't want to be pigeonholed."
Bridal couples are turning to untraditional stores
to register for gifts. Sporting good stores have registries. Couples
can even register for stocks and bonds.
"There are so many choices these days. The
Internet has really opened up this market," Pinto-Melikian.
"People are getting bored with their choices and what they
are doing is going to the Internet and looking for their options."
For retailers without online registry, this can
be a major obstacle. Remember that nine percent of registries are
done directly on the Internet. Pinto-Melikian's company offers retailers
an online solution as it allows their customers access to registries
online without having to construct a complete site. Vermont-based
Timberline Interactive is creating an e-commerce "mall"
for independent retailers in search of an online registry presence.
Seeing a niche in the marketplace, computer software companies such
as MarCole Enterprises are developing packaged registry applications.
There are also portal companies, such as theknot.com
and weddingnetwork.com, which offer registry site hosting.
"The majority of this country is still not
on the Internet," Pinto-Melikian said. "It's something
that's growing, but the largest percentage of the registry business
is on land."
So while you are preparing or reviewing the Internet
options, consider your land service. Opportunities exist right in
your neighborhood to increase your competitive edge. Partnering
with other local companies who offer bridal registry but don't compete
with your services is the first step.
The Strategy
Just because there is a wide range of options available
doesn't mean tabletop is not making it onto registry lists. In fact,
Bride's Magazine notes that, "Bridal registry represents upwards
of 50% of tabletop sales annually." Respondents to Bride's
survey said they were registering for a multitude of items - glassware,
79%; casual china, 79%; stainless steel, 68%; crystal, 59%; fine
china, 58%; and sterling/silver plate, 58%.
"If a couple wants to registry for the classic
registry items - china, flatware, crystal - they will," said
Panamai Manadee, owner of Boston-based tabletop store Bliss. "I
think it would be very difficult to convince a REI-loving couple
to register for Limoges, unless their interests run the full gambit.
I think that for the most part, I speak to a captive audience. Couples
are looking to register for tableware - it's my job to convince
them to register with Bliss, not some generic department store."
Guiding couples to understand the importance of
your store in their registry package will grow your bridal program
and create loyal customers. Specialty retailers by virtue of who
they are don't carry all of the items an engaged couple seeks, so
it is critical that you network with local businesses and pool your
resources. Since today's engaged couples want the high-quality tabletop
and cookware you sell, as well as the Weber grill and Black &
Decker tools available at the hardware store next to you, why not
join forces?
Manadee belongs to a local association called the
Boston Wedding Group, a juried group that allows only two vendors
per category, with the exception of reception sites. Once a category's
two slots are filled, other vendors have to wait to apply.
"I primarily utilize this group for cross-promotion.
However, if a local hardware store or recreation goods store invited
me to participate in a bridal registry event, I wouldn't write it
off," Manadee said.
Marketing your store and your products to bridal
couples is essential to registry success. Throw out old beliefs
about what works on a registry and open your eyes to your own inventory
and those of your neighboring retailers. Broaden your mind to the
possibilities of cross-merchandising your bridal registry with another
regional store that complements your own,
Junkhan believes educating brides and guests is
critical to a successful registry program and she encourages multiple
registries and even refers her customers to other local retailers.
"Here in the downtown area, we do send each
other clients," Junkhan said. "We like to be able to service
our customers completely, even if it's not our store from whom they
will ultimately purchase the gift. We can't be everything to everyone
and we don't want to be."
Use discretion though when selecting partnering
merchants. Junkhan was approached by a local tabletop retailer who
had recently acquired the business. After listening to her proposal,
Junkhan opted out, believing there were just too many questions
as to how the promotion would work.
"Still, I refer brides to her all the time.
If our couples want high-end china patterns or crystal, they can
complete their registries in her store," she said. "I
always ask where they are registered because if we've sold their
registry or if we don't have anything the guest is excited about,
I can guide them to another store where they are registered."
Junkhan also participates in bridal fairs, which
help Cook's Emporium cross-promote its business with other companies
providing services to engaged couples.
She explained, "I think some of the stores
that don't participate in these events are making a mistake. They
think they don't have anything for that market, but really they
have no imagination whatsoever." Junkhan said barbecue items
are really popular registry items. While she stocks the tools, cookbooks,
and other accessories, she refers couples to the hardware store
down the street for the major grill purchases.
Don Leonard, owner of Ketchum Kitchens in Ketchum,
Idaho, has the best of both worlds. Not only does Leonard operate
a specialty kitchenware store, but he has an adjacent drug and hardware
store. Instead of following Junkhan's lead of referring bridal couples
to another business, Leonard simply walks them next door and continues
the registry process.
"We cross-promote the two stores together,"
Leonard said. "We always mention the hardware store and try
to get the groom over to register for items he wants. We also have
a barbecue on display in the kitchenware store - a big outdoor grill.
"The registry is completed by employees in
the kitchen store and overseen there as well. Leonard said having
the wide selection of product has increased registry lists.
"We walk every aisle and tell them if they
like it to put it on their list. We tell them not to worry about
the price; if their guests can't afford it, they won't get it,"
he explained. "They register for everything. Nothing surprises
me - one couple registered for a Rubbermaid trash can. With second
and third marriages, you'll find they register for items they really
need to fill in a gap between the two merging households."
Educating Customers
While brides may be in search of practical items,
guests want to give a gift that will be remembered for generations.
Finding level ground between these two approaches is a matter of
education.
"Older family members like to buy traditional
things, so I always encourage brides to register for some traditional
items," said Pinto-Melikian.
Junkhan agreed, saying, "We had someone who
wanted to buy a gift for a bride who was registered here and the
price range where she fit was a cookie sheet. She was an older family
member and she just didn't understand it. It didn't seem like a
wedding gift to her."
This guest's problem is a perfect example of why
you need to have a variety of options for not only the bride, but
also the guest. The same guest was wary about giving her credit
card information over the phone, didn't want to have the gift delivered,
and had no access to Cook's online registry.
But the guest isn't the only one needing education.
Manadee counsels her bridal couples to carefully consider their
registry selections. Her strategy is to educate the couple about
long-term goals.
"My advice to brides whose grooms bring up
Home Depot or REI is to think about what they will still have in
20 to 30 years - that vacuum you register for today could be outdated
in a few years," she said. "And are you really going to
be maximizing your kayak in 20 years? China takes up a lot less
space than a kayak, and it doesn't get outdated."
The product selection at Bliss is another tool Manadee
markets as part of her bridal registry strategy. She focuses on
differentiation in product selection and educates her customers
as to the value her inventory represents.
"I don't carry the most widely accessible brands.
I want to offer great brands, but also to have my customers find
things at Bliss that they haven't seen anywhere else. For instance,
I've carried Rosenthal since the inception of my business - this
is before they were bought out by Waterford and became available
in a wider market.
I still have a large assortment of Rosenthal because
I like their products, but I tend to carry patterns that are more
unique like 'Love Story' - a triangular, colorful pattern. We also
carry Alessi and Kartell, both of which are hard to find in the
Boston area.
"Providing bridal couples and their guests
with ample registry information is essential to success. Many retailers
have created bridal registry tips explaining why registry is important
and what couples should include in their registries. Within this
information, you might also include other local retailers who complement
your services and incentives for registering in your store. These
are the tools which will sell your registry.
Bliss's bridal registry literature makes note of
several services offered at the store. Among the selling points
is Bliss's online registry, which includes photos. It also highlights
an individually designed mini-catalog for each couple called the
Bliss List.
"This Bliss List is a one- or two-page listing
of a couple's gift selection with pictures. It's for friends and
family that might not have Internet access and also a beautiful
keepsake for couples," she said. "We know our couples
so well that we can make suggestions when guests ask, 'What do they
want the most?'"
This level of service is something specialty retailers
must promote. Mass merchandisers can not compete with specialty
retailers in the arena of customer service in bridal registries.
"One bride recently told me about a conversation
she had with a department store registrar. This particular bride
was going to be out of the country for a month after her wedding
and wanted to have the gift shipments held. She was told that this
store shipped gifts on their own schedule and she would just have
to make other arrangements. That would never happen at Bliss - if
a bride wants her gifts held until after her honeymoon, we will
make a note of it and adjust our shipping schedule accordingly.
I think this is the advantage that independent retailers have over
the 'big boys.'"
Leonard's promotion strategy takes advantage of
existing promotions with major cookware and tabletop manufacturers.
Included in his store's bridal brochures are incentives for registry
completion. Most of the programs he offers already exist with manufacturers,
some of whom have online bridal questionnaires, which include how
to select cookware and bridal clubs.
"There are things that already exist, but you
have to go and ask manufacturers for them," Leonard said. "Some
small stores like ours won't ask but whether it's a knife from Henckels
or a T-shirt and apron from All-Clad, it makes a difference. It
makes them happy."
Making sure you take full advantage of the tools
offered by manufacturers is essential to small retailers. If your
local rep hasn't given you information on bridal incentives, contact
the company directly or check out their online resources. If they
offer consumers a search option to locate a retailer nearby, test
the site to be sure your name comes up. If it doesn't, contact the
site's Webmaster and have the problem corrected.
These are just some of the opportunities and options
available to your store to increase bridal registry sales. It's
easy to see you don't have to wait for that windfall to create the
perfect online registry or expand your store by 10,000 square feet
to include camping gear or outdoor grills. Becoming competitive
in today's bridal market could be as easy as joining local business
owners for a cup of coffee, realizing that more of your inventory
fits today's bridal lists, and educating brides in your area to
understand the value and choices you can provide.
© 2001 Bill Communications, Inc.
|