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LAUNCH OF SHOPLOCAL DELIVERS LOCAL
SALES AND DEALS ONLINE
Creates new shopping channel for Gannett, Knight Ridder and
Tribune websites
CHICAGO, Aug. 18, 2004 -
CrossMedia Services, Inc., a leading provider of
Web-based marketing solutions for national and local retailers,
today announced the launch of ShopLocal, an online resource
that allows shoppers to research local specials and sale items
at stores close to home. ShopLocal consists of a national
website, www.ShopLocal.com, and a nationwide network of co-branded
ShopLocal websites, initially including more than 140 Gannett
Co., Inc. (NYSE: GCI), Knight Ridder, Inc. (NYSE: KRI) and
Tribune Company (NYSE: TRB) websites.
"ShopLocal.com and the ShopLocal network is the online
resource for the millions of shoppers who use the Internet
to gather information online but prefer to buy at a local
store," said Brian Hand, CrossMedia chief executive officer.
"For retailers, ShopLocal is an extremely efficient way
to reach local shoppers with targeted sales promotions."
ShopLocal uses a zip-code search engine that allows users
to find stores within a specific radius. Shoppers can search
by product category, store or brand name. The site is updated
daily to reflect current sales. It also allows consumers to
create personal shopping lists online that they can print
and bring to stores. In addition, consumers can set up e-mail
sale alerts for key items and stores.
ShopLocal fills a gap that reflects a disconnect in how the
Internet is used today: online purchases represent less than
5 percent of retail transactions,1 while the Internet influences
more than $130 billion in consumer spending at stores.2 And
with every $1 spent online, consumers are influenced by the
web to spend another $6 offline.3
"By offering online research for offline shopping, ShopLocal
shortens the distance between consumers and retailers. Consumers
now have a single source for up-to-date information before
they go shopping. They will no longer need to go to separate
Web sites for all the stores they want to visit," said
Hand.
Consumers have told ShopLocal that it's important to them
to find the best deal for everyday items like milk and diapers
as well as big-ticket purchases like flat-screen televisions
and appliances. Data from CrossMedia Services' other web-to-store
services shows that three out of four consumers who see a
retailer's promotion online go into a store to buy as a result
of seeing that promotion.
"Retailers will reach - and pay for - only interested
buyers," said Hand. "Since ShopLocal is based on
the same material retailers already use for sales circulars,
catalogs, run-of-press ads and direct mail, we make it easy
for them to take advantage of this audience."
At launch, ShopLocal.com and the ShopLocal network will feature
dozens of the nation's leading retailers, including mass merchants,
home improvement retailers, office products superstores, electronics
retailers, home décor stores, and department stores,
as well as local grocery stores.
"We will add retailers on a regular basis. In addition,
over the coming months, we expect to announce additional network
partners such as portals, online directories, and other newspaper
publishers," said Hand.
ShopLocal enables Gannett, Knight Ridder and Tribune to provide
a new online shopping channel that promotes local sales and
deals; deliver more value to local, regional and national
retailers through online promotions of sales, product offerings
and other store promotions; and provide consumers another
valuable, local resource for "what's on sale?" and
other great values.
Gannett, Knight Ridder and Tribune acquired CrossMedia Services
in May 2004 to extend their online retail solutions. The three
media companies have partnered in other joint ventures to
create CareerBuilder.com, Cars.com and Apartments.com.
About the Company
CrossMedia Services, Inc. is the leading
provider of turnkey solutions for brick and mortar retailers,
catalog retailers and industrial catalogers that enable the
targeting of promotions to shoppers via the Internet. CrossMedia
Services' solutions transform printed promotions (such as
sales circulars, catalogs, run-of-press ads, direct mail,
etc.) into an interactive Web format, versioned on variables
such as location or type of shopper. These solutions leverage
the creative layout in print promotions, incorporate feature-rich
functionality and integrate with extensive analytics about
shopper pre-purchase behavior. Gannett Co., Inc. (NYSE:GCI),
Tribune Company (NYSE:TRB), and Knight Ridder, Inc. (NYSE:KRI),
are partners in CrossMedia Services, Inc. and other joint
ventures to provide consumers access to great online products
such as CareerBuilder.com, Cars.com and Apartments.com.
1 U.S. Department of Commerce
2 "American Interactive Consumer Study," The Dieringer
Research Group, September 2003
3 Jupiter Media, 2004 |