When it comes to off-holiday sales events, short and sweet could be the future. “The days of putting something on sale for a week or longer are going to be behind us,” Michael Brown, partner in Kearney’s consumer products and retail practice, told Retail Brew. “What they’re trying to do right now is keep engaging the consumer with something new, something different.” Target offered a case in point this spring sales season when instead of running promotions for a full week under the name Target Circle Week, as it had the previous year, sales were concentrated into a three-day period dubbed “Target Circle Deal Days.” Though rivals Walmart and Amazon stuck to weeklong events this year, Brown said there is increasing pressure on brick-and-mortar retailers to offer more “rapid-fire,” shorter promotions to compete with online retailers that can change their deals on an hourly basis. There is a “new cadence of promotions,” he added, that is more “proactive” and “fast and furious.” Keep reading here.—AV |