Journee Collection’s BFCM Success: November Drives a Remarkable 56% YoY Revenue Increase
Introduction
Journee Collection, a prominent shoe brand, aimed to achieve unprecedented success in the lead-up to Black Friday Cyber Monday (BFCM) during Q4. Learning from past challenges, Journee Collection and Pilothouse sought to set new benchmarks by strategically focusing on a quarter-over-quarter approach rather than a month-over-month strategy.
The Strategy
Efficient RTG Pool Building in October:
Recognizing the need for a strong foundation, Journee Collection and Pilothouse concentrated efforts in October on cold Top of Funnel (TOF) traffic to fill Return to Growth (RTG) pools. The emphasis was on avoiding promotions that could compromise RTG pools. Rigorous testing of angles, creative styles, and Unique Selling Propositions (USPs) took place to identify the most impactful strategies for November.
Strategic Non-Promotional Approach in October:
Despite an expected YoY revenue decrease of 30% in October due to a non-promotional approach, confidence in high-scale campaigns (spending 5-figures/day) set the stage for a robust November. The focus on building RTG audiences in October laid the groundwork for a successful BFCM period.
BFCM Sales Launch and Budget Surge in November:
With a well-prepared RTG audience, Journee Collection and Pilothouse executed an aggressive budget surge during the BFCM sales period in November. The efforts resulted in the brand's biggest day in company history on Black Friday, achieving a remarkable 52% MoM revenue increase in November compared to October. Moreover, November witnessed a notable 56% YoY increase in revenue.
Results
Record-breaking BFCM Performance:
The strategic planning and execution by Pilothouse and Journee Collection culminated in the brand's biggest day ever on Black Friday, showcasing a 52% revenue increase MoM in November compared to October.
YoY Revenue Growth:
The collaboration yielded a significant 56% YoY increase in revenue for November, emphasizing the success of the quarter-over-quarter approach.
Overall YoY Revenue Increase:
October and November together saw a commendable 6% YoY increase in revenue, reinforcing the effectiveness of the strategy employed by Journee Collection and Pilothouse.
Conclusion:
Journee Collection's triumph in the BFCM period is a testament to the strategic partnership between the brand and Pilothouse. By adopting a quarter-over-quarter approach, focusing on efficient RTG pool building, and executing a well-timed promotional strategy, Journee Collection not only surpassed its own records but also achieved substantial year-over-year growth. The success story highlights the importance of a collaborative and strategic approach in navigating the challenges of the highly competitive holiday sales season.