It’s tested and retested and Westfield can’t shake the outcome – the five million magazines it publishes each year remain the most potent tool for triggering action from its 489 million shopper trips to Westfield shopping centres in Australia.
Westfield’s director of marketing, John Batistich, has all but hacked his TV advertising budget to negligible levels. The shopping centre group is generating millions of views on YouTube with its own video content but Westfield’s print editions are unbeatable as a medium, Batistich said.
“It’s weird. While publishing has been eroded
in an advertising context, the magazines we
create still have a role to play. We wish they
didn’t. Bauer Media pulls them together for us
and they still give us the highest engagement we have. There is no question if you want to
generate reach and awareness, TV is still the best
channel. There’s no debate about that. But when we talk about conversion, our magazines win.”
Batistich said although Westfield has a large fan community on Facebook – upwards of 700,000 – Facebook advertising had been a poor performer. “Facebook is just a bit clunky and not many people have done well. We’ve got a big Facebook community with very good interaction but we’ve cut all advertising on Facebook.
“Not many people have made Facebook work in a commercial sense. We’ve tracked it right
through our online marketplace loop compared
to a whole lot of other channels. We’ve done some things on Facebook and how that clicks
through to our online marketplace and how it
goes through to our payment gateway. It’s one of the lowest of all channels that we could track,
whether it be EDMs or an online banner ad. Its
conversion right through that [purchasing] funnel
is one of the lowest.”
This article first appeared in the 6 September 2013 edition of AdNews, in print and on iPad. Click here to subscribe for more news, features and opinion.
Sign up to the AdNews newsletter, like us on Facebook or follow us on Twitter for breaking stories and campaigns throughout the day.
Have something to say? Send us your comments using the form below or contact the writer at email@example.com
Have something to say on this? Share your views in the comments section below. Or if you have a news story or tip-off, drop us a line at firstname.lastname@example.org