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June 28, 2019

How retailers are cashing in on success of Love Island

GlobalData's retail analysts take a look at how brands can cash in the popularity of ITV2.

By GlobalData Retail

With 3.3 million people watching this year’s Love Island launch show, the TV phenomenon cannot be ignored by fashion retailers – especially those targeting 16-34s given their desire to recreate contestants’ looks.

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The programme provides a plethora of marketing opportunities, through sponsorship, product placement and social media deals, which retailers can utilise in order to boost engagement.

Retailers can capitalise on the vast influence Love Island has on its viewers’ shopping choices and the large numbers that shop online while watching the show, as demonstrated by eBay, which reported that searches for ‘yellow playsuit’ increased by 276% after one was worn by host Caroline Flack during last year’s premiere.

Moreover, half of UK clothing shoppers aged 16-34 agree that celebrities (including reality TV stars) inspire their fashion choices, according to GlobalData’s 2019 clothing survey, proving that there is huge scope for retailers targeting these shoppers to incorporate Love Island into their marketing strategies.

In past years, Love Island’s sponsors and partners have reaped the benefits of their collaborations with the show.

Last year’s partner Missguided reported an increase in sales of around 40% on evenings when the programme aired. However, this association has not continued for the current series, with Missguided replaced by the lesser-known online pureplay I Saw It First, which is providing contestants with outfits that viewers are able to buy directly through the Love Island app.

This partnership will have a considerable impact on the retailer’s visibility among shoppers and boost its purchaser share.

As partnership deals are limited and costly, retailers have also been utilising product placement opportunities. Dyson hairdryers are frequently featured on the show, while Superdrug has provided contestants with sun cream and River Island has teamed up with Caroline Flack to provide her with outfits to wear while hosting and in social media posts.

The retailer has also collaborated with the 39-year-old presenter on a summer collection for the second year in a row, extending the reach of the show’s influential capabilities beyond millennial and Gen Z viewers.

After this series ends, retailers can further exploit sales opportunities by securing contestants for endorsement deals. This has been particularly lucrative for online fast fashion retailers over the past few years, with the likes of In The Style partnering with last year’s winner Dani Dyer and PrettyLittleThing with Megan Barton-Hanson. According to GlobalData’s 2019 clothing survey, social media influences the clothing choices of 63.8% of UK clothing shoppers aged 16-34, so collaborating with previous contestants by sponsoring posts and gifting products is highly beneficial.

Given the competition in the youth segment of the market, such partnerships help retailers to acquire new customers, drive engagement and stay top of mind. However, this is likely to provide only a short-term advantage to retailers as consumer interest in the majority of these TV personalities gradually wains.

Contestant selection for partnerships is also vital to get right, as they need to be a relevant fit for the brand and someone that shoppers will relate to, in order to maximise the partnership’s impact.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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