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Back To School Shopping: Fayetteville Businesses Expect Record Sales

Jul 29, 2021 5:39:14 PM / by Larry Julius

There are 74,000 school-aged children in the Fayetteville, North Carolina area.  Based on forecasts from the National Retail Federation (NRF), local parents are expected to spend a record $51.1 million to prepare these kids to return to the classroom this fall. 

Overall, the NRF expects back-to-school shoppers to spend almost 10% more in 2021 than they did last year.

“The pandemic forced parents and their school-aged children to quickly adapt to virtual learning, and they did it with an incredible amount of resolve and flexibility,” NRF President and CEO Matthew Shay said. “We enter the new school year with plans to return to the classroom and retailers are prepared to help Americans find and purchase whatever they need to make this transition as seamless as possible.”

According to the NRF, more than 51% of parents have already started buying for their K-12 students.  But, for Fayetteville business owners there is still time to benefit.

The NRF reports that nearly 76% of K-12 shoppers are still waiting on lists of school supplies needed. On average, consumers have only completed 18% of the shopping.

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Topics Retailer, retail, best way to advertise, effective radio advertising, back to school, radio advertising, children, millennial parents, retail sales, retail stores, retail traffic, retail store traffic, parents, retail spending

Advertising In Fayetteville: Five Amazing Facts About Local Radio

Jul 23, 2021 4:55:30 PM / by Larry Julius

Advertising is crucial to the success of Fayetteville, North Carolina business owners. According to Investopedia, "lack of adequate marketing and publicity are among the issues that drag down small business".

According to Borrell Associates, a company that tracks advertising trends across the country, Fayetteville business owners are expected to spend $123 million to advertise the goods and services they sell. This represents a 5.0% increase versus last year.

The majority of these dollars are being spent by Fayetteville business owners to capture a significant share of the $5.9 billion dollars local consumers will be spending this year. These estimates are based on a revised forecast from the National Retail Federation (NRF).

Of course, there is an over-abundance of ways a local business owner can advertise. Perhaps the best way to generate sales from local consumers is with Fayetteville radio. Here are the top five reasons why...

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Topics reach, roi, return on investment, radio advertising works, millennials, small business, small business owner, fayetteville small business owners, best way to advertise, effective radio commercial, radio commercials, effective radio advertising, memorable radio commercials, radio advertising, millennial parents, reach & frequency, small business marketing, advertising reach, small business advertising, advertising return on investment

How Often Are Fayetteville Consumers Online?

Jul 16, 2021 7:20:00 AM / by Larry Julius

More than 94% of Fayetteville adults have access to the internet.  Ubiquitous technology such as computers, tablets, smartphones, and connected TVs allow North Carolina consumers to go online whenever they choose, which, for some adults, is always.

The Pew Research Center, a public opinion research company, reports that one-in-three consumers say they are online constantly. A 50% increase from 2015.  In total, 85% of consumers say they connect at least one time every day.

So, how are Fayetteville consumers spending all this time connected to the internet?

According to Nielsen, streaming audio and video content, social networking, checking the weather, and banking are the top online activities for Fayetteville consumers each month.

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Topics Streaming Audio, small business, fayetteville small business owners, best way to advertise, social media, online advertising, social media advertising, small business marketing, borrell associates, small business advertising, ott, ctv, streaming video, svod, avod, online shopping, streaming media

Advertise On Fayetteville Radio: Still Best Option For Small Business

Jul 9, 2021 1:00:07 PM / by Larry Julius

Retail spending in the Fayetteville area is expected to reach $5.9 billion this year, a 13.5% increase versus 2020. These estimates are based on a revised forecast from the National Retail Federation (NRF).

Since 1939, when WFNC-AM signed on as the first station in Fayetteville, local business owners have depended on radio advertising to help market their goods and services to North Carolina consumers.  But has the Coronavirus pandemic altered the medium's ability to deliver customers to ring up sales for local retailers?

Two critical marketing metrics indicate that advertising on Fayetteville radio remains the best way for a small business to advertise.

The first measurement is reach. This is the number of different consumers who are exposed to an advertising campaign.

The second measure is return-on-investment (ROI). This is the amount of sales a business can expect for every one dollar invested in advertising.

Based on these metrics, here is how advertising on Fayetteville radio measures up to other options available to local small business owners.

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Topics Retailer, reach, roi, return on investment, retail, small business, small business owner, fayetteville small business owners, best way to advertise, radio advertising, reach & frequency, retail sales, retail stores, small business marketing, retail traffic, retail store traffic, advertising reach, small business advertising, retail spending

Television Advertising In Fayetteville: Where Are The Viewers?

Jul 2, 2021 9:42:42 AM / by Larry Julius

Broadcast television came to the Fayetteville area in 1954 when WRAL-TV signed on for the first time. In those days, very few local households actually owned a set, a number that would grow to 50% by 1960.

At first, Fayetteville consumers needed rabbit-ears or outdoor antennas to receive signals from a small handful of North Carolina stations. The quality of reception varied day-to-day.

By the early 1960s, however, local cable systems began to bring higher-quality, reliable reception to households throughout the Fayetteville area. The number of programming options, though, remained limited to affiliates of ABC, NBC, and CBS.

In 1972, viewing options began to expand as local cable began offering Fayetteville area consumers the opportunity to purchase premium services, including HBO, Showtime, and Cinemax.  Five years later came an explosion of non-premium cable channels such as TBS and CNN.

In the early 1990s, Fayetteville viewers could not only receive their television programming over-the-air or by cable, but options expanded to include satellite delivery by DishTV and DirectTV.

The next TV innovation came in 2007 as Fayetteville consumers started turning to the internet to watch streaming channels like Netflix and Hulu.  These new services allowed viewers to watch TV on their phones, computers, and tablets as well as their living room LCD and Plasma screens.

Today, all of this video technology offers viewers the ultimate flexibility to choose how, when, and where to watch TV.  So, what are they watching?

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Topics television, fayetteville television, television advertising, cable television, cable-tv, satellite television, ott, ctv, streaming video, svod, avod

Fayetteville Retail Sales Expected To Blow Past Forecasts

Jun 25, 2021 10:53:57 AM / by Larry Julius

Earlier this year, based on projections from The National Retail Federation, Fayetteville, North Carolina area consumers were expected to spend more than $5.9 billion at retail this year, a 6.5% increase versus 2020. New data, however, indicates spending will be remarkably higher.

The NRF revised its data this month, and now expects annual growth of 10.5% to 13.5%. Based on these revisions, the Fayetteville area retail economy could now top $6.2 billion. Excellent news for North Carolina small business owners.

“The economy and consumer spending have proven to be much more resilient than initially forecasted,” NRF President and CEO Matthew Shay said. “The combination of vaccine distribution, fiscal stimulus, and private-sector ingenuity have put millions of Americans back to work. While there are downside risks related to worker shortages, an overheating economy, tax increases and over-regulation, overall households are healthier, and consumers are demonstrating their ability and willingness to spend. The pandemic was a reminder how essential small, mid-size and large retailers are to the everyday lives of Americans in communities nationwide.”

To put in historical context for Fayetteville small business owners, Mr. Klenhenz noted that he anticipates the fastest growth the U.S. has experienced since 1984. The reopening of the economy has accelerated much faster than most had believed possible a year ago.

To capture the largest possible share of spending growth, local retailers will need to advertise. By the most crucial marketing metrics, the best best way to reach area consumers is by advertising on Fayetteville radio.

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Topics Retailer, reach, roi, return on investment, retail, best way to advertise, radio advertising, reach & frequency, retail sales, retail stores, retail traffic, retail store traffic, advertising reach, retail spending

How Much Time Do Fayetteville Consumers Spend Online?

Jun 8, 2021 9:29:46 AM / by Larry Julius

According to Nielsen, 329,000 adults in the Fayetteville, North Carolina area have access to the internet, equivalent to 94.1% of the population. On average, local consumers are spending 8.62 hours per week online.

Fayetteville millennials, the first generation that grew up in a digital world, spend considerably more time online. Nielsen reports that, on average, Fayetteville's 25-39-year-old consumers are clocking 10.71 hours connected to the internet.

So, how are Fayetteville consumers spending their time online?

According to Nielsen, streaming audio and video content, social networking, checking the weather, and banking are the top online activities for Fayetteville consumers each month.

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Topics Streaming Audio, best way to advertise, internet advetising, internet advertising, digital advertising, social media, online advertising, ott, ctv, streaming video

Why Fayetteville Kitchen & Bath Remodelers Need To Advertise Now

May 20, 2021 10:57:24 AM / by Larry Julius

In 2021, according to Nielsen, 19,543 Fayetteville, North Carolina area homeowners are expected to spend $210 million on kitchen and bathroom remodeling. This would be an increase of 16.8% increase over last year. Sales estimates are based on data from The National Kitchen & Bath Association (NKBA).

Because of the ongoing pandemic, 202,000 homeowners from Lumberton to Spring Lake are in the process of reassessing their living spaces.

According to the NKBA, homeowners cite the kitchen and bath areas as two times more important than other spaces within the home, and the kitchen particularly gained status throughout the COVID-19 pandemic, with 70% of homeowners considering it extremely important compared to 64% before the crisis.

“After such a strong year for home remodeling in 2020, some wondered if we were approaching a home improvement spending ‘cliff.’ We’re pleased to say that’s not what the kitchen and bath market is expecting in 2021,” said Bill Darcy, NKBA CEO.

“Last year, homeowners started the work of improving their living spaces with DIY projects. And this year, with early distribution of the vaccine and other measures to reduce the public health impact of the virus, we expect to see continued renovations and more projects requiring our members.”

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Topics best way to advertise, consumer spending, radio advertising, home improvement, remodeling, home values, homeowners, contractors, construction

Advertising In Fayetteville: What's The Best Way To Reach Pet Owners?

May 13, 2021 9:15:18 AM / by Larry Julius

A surge in pet adoptions and sales during the pandemic has increased the number of pet owners in the Fayetteville, North Carolina area to 173,878, according to Nielsen.

As a result, the amount of money that will be spent in the Fayetteville area during 2021 on domestic dogs, cats, birds, ferrets, and other cuddly creatures will achieve a record-high $150.9 million. These figures are based on recent forecasts from The American Pet Products Association (APPA),

“We have reached a critical milestone in 2020, generating $103.6 billion in sales [in the U.S.],” said Steve King, President, and CEO of APPA. “We are bullish for the coming year, projecting growth of 5.8% - well above the historical average of 3 to 4%."

Fayetteville pet owners will be spending in four ways:

  1. Food & Treats which includes everything from canned and bagged food to biscuits and chewies.
  2. Veterinary Care and Product Sales which includes routine veterinary care, surgical procedures, and sales of pharmaceuticals and other products through veterinary clinics
  3. Supplies, Live Animals, and Over-The-Counter Medications which, in addition to dogs and cats. includes fish, birds, small animals, and reptiles. This also includes cages, food and water bowls, as well as leashes and collars.  OTC includes medications for allergy relief, gastric distress, and oral hygiene.
  4. Other includes services such as boarding, grooming, and pet sitting.

To capture a significant share of the local pet economy, local business owners who provide these four types of goods and services will need to advertise.  By almost any marketing metric, the best way to reach pet owners is by advertising on Fayetteville radio.

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Topics Retailer, reach, roi, return on investment, millennials, retail, best way to advertise, effective radio advertising, pet owners, radio advertising, reach & frequency, retail sales, retail stores, retail traffic, retail store traffic, advertising reach, retail spending, cat owners, dog owners

Help Wanted: The Best Way To Recruit Qualified Workers In Fayetteville

May 7, 2021 10:11:12 AM / by Larry Julius

The number of job openings in the Fayetteville area has exceeded pre-pandemic levels, according to the Bureau of Labor Statistics.  Businesses of all sizes are adding employees in a big way, according to the ADP Research Institute, but still, large numbers of positions remain unfilled.

With the North Carolina unemployment rate still at 5.2%, Fayetteville business owners wonder why they are having difficulty attracting applicants for open positions.

According to a recent article posted in The Economist, there are two major reasons why many sidelined workers aren't anxious to come to work. The first is fear.

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Topics recruitment advertising, social media, advertise on social media, social media advertising, radio advertising, employment advertising, white collar, blue collar, online job boards, job boards, active job seekers, monster.com, passive job seekers, indeed

Wow!! Fayetteville Millennials Turn 40 This Year

Apr 30, 2021 8:25:56 AM / by Larry Julius

There are 108,364 millennials in the Fayetteville, North Carolina area.  The oldest of them turn 40 this year. According to The Pew Research Center, millennials comprise the generation of Americans born between 1981 and 1996.

As a consumer group, millennials account for an outsized percentage of retail spending. This generation represents 31% of the Fayetteville area population but almost one-third of metro-area sales. 

All in, Fayetteville millennials are expected to ring up more than $2.9 billion in purchases during 2021.  You name it, millennials are planning to buy it.

According to Nielsen, over the next 12 months, Fayetteville millennials will show up in huge numbers at auto dealerships, furniture stores, mattress stores, appliance stores, home improvement stores, and scores of other area retailers and service providers.

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Topics Retailer, reach, roi, return on investment, millennials, retail, small business, small business owner, fayetteville small business owners, best way to advertise, millennial parents, reach & frequency, retail sales, retail stores, small business marketing, retail traffic, retail store traffic, advertising reach, small business advertising, retail spending

Who Listens To Fayetteville Radio?

Apr 23, 2021 12:07:47 PM / by Larry Julius

Every week, according to Nielsen, 92% of adult consumers tune in to a Fayetteville, North Carolina radio station. This is significantly more people than watch broadcast TV, local cable, or video streaming services. It's more than use social media sites like Facebook or Instagram.  And, it's more than read local newspapers.

Fayetteville radio is also the medium with the greatest reach among millennials, a generation that not only has embraced an abundance of online media options but also accounts for nearly a third of all local consumer spending.

This reach advantage is a crucial reason why local small business owners depend on Fayetteville radio to market their goods and services.

A study released this week by Edison Research and NPR discovered that their six distinct types of radio listeners. The study also examines how each group of listeners engages with both programming and advertising.  These distinctions are important for Fayetteville small business owners to understand.

The six listener categories as described in the study are:

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Topics reach, Choose The Right Radio Station, small business, radio effectiveness, small business owner, fayetteville small business owners, best way to advertise, radio advertising, effective advertising, reach & frequency, small business marketing, advertising reach, small business advertising, radio listening, share of ear

How Much Do Fayetteville Business Owners Spend on Advertising?

Apr 16, 2021 1:25:00 PM / by Larry Julius

Now is a crucial time for Fayetteville small business owners to advertise.  

According to the Conference Board, consumer confidence has surged to 110, the highest it has been since the onset of the pandemic last March.  The index has bounced back from a low of 89.6 in February. 

Moving forward, North Carolina business owners can expect buyer optimism to remind high.

“The recovery in consumer confidence is set to continue in the coming months, buoyed by the combination of improving health conditions and wider vaccine distribution,” said Lydia Boussour, lead U.S. economist at Oxford Economics. “This should support hearty consumer spending and pave the way for a mini-boom in economic activity this spring and summer.”

As Fayetteville consumers gain confidence, they are expected to unleash the record $1.7-billion in personal savings amassed during the pandemic. This number is based on figures reported by Barron's in November. 

This combination of consumer confidence and the cache of cash-on-hand has led the National Retail Federation (NRF) to forecast a 7% increase in retail spending in 2021 versus last year.

To claim a significant share of the expected spending tsunami, Fayetteville business owners plan to boost advertising investments this year.

According to Borrell Associates, a company that tracks advertising trends across the country, Fayetteville business owners are expected to spend $123-million to advertise the goods and services they sell. This represents a 5.0% increase versus last year.

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Topics budgeting, reach, roi, return on investment, small business, small business owner, fayetteville small business owners, best way to advertise, Budget, radio advertising, advertising on a budget, reach & frequency, small business marketing, advertising reach, small business advertising, ad spending

Why Audio Advertising In Fayetteville Drives Purchase Decisions

Apr 8, 2021 2:06:31 PM / by Larry Julius

Fayetteville consumers are expected to spend nearly 7% more at retail in 2021 than in 2020. This forecast is based on recently released data from the National Retail Federation.

To lay claim to a significant share of growing consumer spending, North Carolina retailers will need to advertise.

“Think you have a great product?” asks the US Small Administration. “Unfortunately, no one’s going to know about it unless you advertise.”   

“Advertising, if done correctly, can do wonders for your product sales, and you know what that means: more revenue and more success for your business."

Scientifically speaking, the fastest way a marketing message can reach the areas of a Fayetteville consumer's brain responsible for purchase decisions is through the ear.  That's why audio advertising can be far more potent than visual messaging.

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Topics Retailer, Streaming Audio, Pandora, Spotify, retail, small business, small business owner, Sirius/XM, fayetteville small business owners, best way to advertise, retail sales, retail stores, small business marketing, retail traffic, retail store traffic, small business advertising, podcasts, retail spending

Consumers Stick With Fayetteville Radio Despite Pandemic

Mar 31, 2021 3:13:20 PM / by Larry Julius

In the 1930s, when WFNC-AM became the first radio station in Fayetteville, North Carolina, many considered the medium a fad.  Even a 1937, a hit song by George Gershwin, Our Love Is Here To Stay, proclaimed radio to be a "passing fancy and in time may go".

Fayetteville radio, however, has survived the advent of talking-movies, television, eight tracks, and cassettes in stereo.  More recently, radio has withstood a tsunami of digital options including, YouTube, SiriusXM, Pandora, and Spotify.

As the Coronavirus pandemic rolls over into a second year, Fayetteville radio has hung tough and not ceded its ground despite listener's shifting lifestyles.  This is crucial news for local small business owners who depend on local stations to market their goods and services.

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Topics reach, roi, return on investment, Radio Listener Profile, best way to advertise, in-car audio, in-car listening, coronavirus, corona, covid 19, advertising reach, pandemic, radio listening, listening location, time spent listening, commuting

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