Wednesday, July 10, 2013

Hearst Projecting Ad Growth for Fashion Titles

Fashion magazines haven't yet closed their September issues in the hotly contested ad page race, but Hearst is hoping to grab the spotlight ahead of its rivals, revealing that Elle, Harper's Bazaar and Marie Claire will all break their own previous records this year. 
“The fashion and luxury world has come roaring back in spending in advertising, particularly in print,” said Hearst Magazines president, marketing and publishing director Michael Clinton. Economic instability in Europe and slowed growth in Asia, he added, have led more high-end brands to focus their marketing budgets on North America.
Hearst estimated that Elle’s ad pages would be up 10 percent year over year to about 440 pages—making it the biggest single issue ever published by Hearst—on strong beauty and retail business as well as tech. Marie Claire is expected to be up 8 percent, boosted by a 36-page addition of its fifth Marie Claire @Work insert. New advertisers included Stuart Weitzman, Crest and TD Ameritrade. Hearst didn't give an estimate for Bazaar, only to say it would be up in ad pages over last year.
Elsewhere at Hearst, Cosmopolitan's September issue, editor in chief Joanna Coles' first, is projected to be up 26 percent. On the men’s side, Esquire’s advertising increased more than 25 percent. Riding the luxury wave, Town & Country saw gains across all categories for a 12 percent increase, adding new advertisers like Valentino, Asprey and David Yurman.