New Report by Xmo Strata Says UK Retail Marketing Teams Poised for
Sign Budget Cuts...but Finance Departments Seem More Bullish!
MARDEN, England (Business Wire EON/PRWEB ) November 21, 2008 --
Sign installation and maintenance company Xmo Strata has commissioned
research to test the UK market on the eve of recession – and the results
make for surprising reading.
Researchers quizzed 50 senior finance managers (finance directors,
purchasing managers etc) and 50 marketing professionals, all working in
retail companies across the UK.
In some areas, marketing professionals are less bullish about likely
expenditure than the normally conservative money men and women. For
example, only 18% of the financial managers thought their companies
would spend less on signage in a recession – 32% of marketing people
expected budgets to be cut. 18% of the financiers also expected to spend
more on signage – compared to only 8% amongst their marketing colleagues.
Only 10% of the financial managers thought their companies would spend
less on sign maintenance, but that figure rose to 36% when put to the
marketing teams. None of the marketeers expected to spend more on sign
maintenance, but 12% of financiers were braced for higher maintenance
bills.
Managing Director Steve Martin commissioned the research from The Survey
Shop and says some of the results have come as a surprise.
“I supposed we had expected the financial managers to be more reluctant
to spend money and more determined to dig their heels in and slash
budgets,” he said. “But surprisingly it is the marketing teams – who you
might have thought would die in a ditch to defend their budgets – that
seem resigned to cutting their cloth.
“It may be that the marketing teams are pessimistic and believe that
they will have greater restrictions placed on them than the finance
managers are currently considering. Whatever the reason, it is clear
that there will be pressures on suppliers to provide value for money.”
The full results of the survey can be viewed at www.xmostrata.com.
ends
Notes to editor:
Xmo Strata is one of the leading sign installation and maintenance firms
in the UK, built on an aspiration to provide the most highly qualified
sign engineers in the UK, adhering uncompromisingly to health and safety
regulations and best practice. The company focus is to provide a truly
nationwide specialist service, ensure a safe working environment for
all, and to offer a trusted, market leading service whilst delivering
value to customers at all times.
Xmo Strata specialises in large national roll-outs and offers complete
project management. The company has crews based throughout the UK and
offers a specialist service including re-branding and maintenance of
signage on petrol forecourts, retail parks, high street stores and
shopping malls nationwide.
For press enquiries contact Alexa Gibb on ag@garnett-keeler.com
or telephone 020 8647 4467, alternatively, to find out more about Xmo
Strata visit www.xmostrata.com
or contact Steve Martin on telephone: 0845 2300 460.
See the original story at: http://eon.businesswire.com/releases/xmo_strata/marketing_teams/prweb1651834.htm
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