外文翻译--网上零售的有效模式
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1、Retailing: Whats working online Journal of Marketing; 1999; 63, ProQuest Psychology Journals Successful companies should examine all available channels and then tailor an approach according to their capabilities. Online retailing has come a long way since the go-go years of the 1990s: it generated $
2、90 billion in revenues for US retailers in 2004, compared with just $8 billion in 1998. To study how the online strategies of todays successful retailers reflect this maturation, McKinsey analyzed the 100 largest direct retailers in North America.1 We found that direct retailers with physical stores
3、 captured 52 percent of Internet sales in 2003, while those without stores garnered just 31 percent.2 For each group, two broad strategies appear to be most successful. Together, the four models we identified have lessons for all retailers. Retailers without stores do well as either“efficiency machi
4、nes” or “niche leaders.” The first approach is best for sellers of relatively low-margin products like CDs, books, or computers, because the Web provides the global reach these companies need to gain scale. Efficiency machines such as Amazon and Dellinvest heavily in brand marketing, innovative Web
5、sites, and highly efficient sourcing and fulfillment processes. These investments create massive fixed costs, often running into the hundreds of millions of dollars, so efficiency machines must generate annual revenues of at least $750 million to be profitable. Such retailers, once successful, tend
6、to generate strong cash flows,however. Amazon invested more than$400 million in marketing and technology in 2004, for example, while generating $477 million in free cash. The largest efficiency machines drive repeat business by offering deals to customers (for example,Amazons $79 annual membership,
7、that includes unlimited two -day shipping). Of the top 100 direct retailers, only 7 are efficiency machines, yet they account fora quarter of total online revenues. Niche leaders, such as L. L. Bean3and Ross-Simons, sell higher-priced, higher-margin products (like apparel or jewelry) primarily throu
8、gh catalogs and over the Internet. Niche leaders build a loyal customer baseby offering quality merchandise, exceptional service, or both. The ability to acquireand retain customers is crucial, sincemost niche leaders are too small to afford expensive brand marketing and must relyinstead on targeted
9、 online or direct-mailcampaigns. The most innovative nicheleaders coordinate their channels by makingproducts from their catalogs easy to order online, for example, or by using their Website to display a wider selection of products than a print catalog could accommodate profitably. The 28 niche lead
10、ers we studiedgenerated nearly $15 billion in revenues17 percent of which came from theInternetand account for 6 percent of totalonline revenues. Store-based retailers do well as either “traffic drivers” or “triple plays,” depending on their scale and profit margins. Retailers with relatively low ma
11、rgins and large scale succeed most often as traffic drivers. These companies use the Internet both to draw customers to their physical stores and to offer shoppers a wider selection of goods and greater convenience. Traffic drivers, such as Target, The Home Depot, and Wal-Mart Stores, attract shoppe
12、rs using a variety of techniquesgift cards, rich-media advertisements, online circulars, and e-mail notification. Since traffic drivers tend to sell low-margin products at many price points, understanding the economics of different channels and how fulfillment costs can eat into profits is critical.
13、 Traffic drivers promote their highest-margin products (such as bedding and apparel) online, for instance, while displaying just enough other merchandise to reflect the broad range of products available in stores. Although stores generate most of the sales for traffic drivers, these retailerswith ne
14、arly $ 35 billion in annual revenues, on averageare so big that their Web-based sales are still impressive, accounting for 35 percent of total online revenues. “Triple-play” retailers, such as J. C. Penney and Williams-Sonoma, use stores, catalogs, and the Internet to maximize their share of custome
15、r spending. These merchants sell relatively high-margin products (home goods or apparel, for instance) while striving to tailor their channels to complement one another fully. Catalogs attract new customers, drive repeat business, and coordinate product lines; the Web offers convenience, product inf
16、ormation ,and quick updates for pricing or promotions; stores, by contrast, allow shoppers to handle and test goods before they buy them. The challenge for triple plays is to understand how customers use each channel, to match products to that channels economics, and to create a consistent customer
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