Scaling DTC Growth by 82% YoY

As a five-generation family company, WOLF understand that extraordinary objects are representations of extraordinary moments in life. Since 1834 the WOLF mark has been a symbol of decades of innovation and the pursuit of the perfect design.

They are dedicated to honouring people’s stories and the priceless jewellery and timepieces they entrust to us.

Capabilities:
  • Growth
  • Media
Sector:
  • Commerce

82%
YoY

revenue growth

130%
increase

in US brand visibility in Q4.

55%
increase

in YoY ROAS

The Challenge.

In the challenging landscape of transforming a traditionally wholesale-oriented business into a successful direct-to-consumer (D2C) model, our digital marketing services played a pivotal role in generating sustainable and consistent revenue growth. Taking charge just two months before the crucial peak season in Q4, we swiftly adapted to the situation, ensuring that the brand was match-fit and fully prepared for the high-demand period. Our strategic approach involved not only optimising existing digital marketing activities in the US but also extending the brand’s reach into the untapped markets of the UK and Europe.

Addressing challenges such as inaccurate tracking, poor data handling, and a lack of visibility on paid performance, we implemented robust solutions to enhance overall efficiency and provide the client with a clear and comprehensive understanding of their digital marketing ROI.

The combination of timely intervention, strategic expansion, and meticulous problem-solving has led to a successful transformation, establishing the brand as a thriving player in the D2C ecommerce space.

Key Performance Goals:

  • Generating D2C revenue for a typically wholesale business
  • Expanding further into the UK and European markets
  • Transforming tracking, data handling and performance visibility

The Solution.

In our strategic overhaul of their digital marketing campaigns, we adopted a meticulous approach to drive quick wins while optimising the best-performing campaigns. Recognising the potential pitfalls of abruptly shutting down campaigns, we instead focused on a gradual optimisation process, peeling away unnecessary elements to streamline the accounts that were initially bloated. This method ensured a smoother transition without the typical drastic dip in performance.

A significant aspect of our strategy involved a robust emphasis on the brand in PPC campaigns, strategically targeting wholesale and retail purchasers while actively promoting their D2C offerings. To maximise engagement and conversion opportunities, we implemented retargeting and Advantage+ best practices across both the US and UK markets.

Addressing the challenge of inconsistent tracking and data handling, we undertook a comprehensive audit of Google Analytics 4 (GA4) and Google Tag Manager (GTM). This led to the establishment of a standardised attribution model, making GA4 the singular source of truth for accurate performance evaluation.

To enhance visibility and granular insights, we built a dashboard, facilitating easy monitoring of realtime results and campaign performance.

Taking a bottom-up approach, we meticulously optimised high-intent keywords and audiences to ensure they delivered the highest ROI. On Google, we restructured Performance Max campaigns to align with best practices, addressing overlaps and consolidating efforts. We expanded beyond solely brand-focused campaigns, incorporating more generic terms, resulting in substantial revenue growth. A successful broad match keyword test added £36k in revenue, prompting a strategic shift in our keyword focus.

In the Meta realm, our initial focus on retargeting ensured high-intent audiences were effectively targeted, delivering the highest Return on Ad Spend (ROAS). Building on this success, we seamlessly expanded into Advantage+ using Meta’s best practices, yielding excellent results and further solidifying the brand’s position in the competitive ecommerce landscape.

The Results.

The results of our initiatives speak volumes, surpassing expectations and establishing a remarkable performance trajectory. In December, we not only met but exceeded revenue targets, achieving a staggering 40% above the set goal. The overall ROI for Q4 reached an impressive 11, substantially outperforming our target of 6.

The ROAS stood at an admirable 3.78, showcasing the efficiency and effectiveness of our campaigns in driving revenue. Notably, our efforts in enhancing brand visibility in the highly competitive US market resulted in a remarkable +130% increase in impression share during Q4, underlining the positive impact of our strategic approach.

A direct testament to the success of our optimisations is the substantial 55% increase in ROAS when comparing November to December on a YoY basis. This notable growth signifies not only the effectiveness of our strategies but also the sustained impact on performance over time.

These outstanding results underscore the success of our comprehensive approach, which involved meticulous campaign optimisation, strategic expansion, and a data-driven focus on ROI, solidifying the brand’s position and ensuring a prosperous transition to a direct-to-consumer (D2C) model.

55%

increase in YoY ROAS

130%

increase in US brand visibility in Q4.

40%

December revenue target exceeded by 40%

82%

YoY revenue growth for WOLF which has been incredibly significant in them growing their business in the D2C space. A combined omni-channel strategy across PPC, paid social, Criteo, SEO and email has delivered exponential results.

I have onboarded lots of companies in the past with digital agencies, and I would say that the process with Space & Time has been one of the most enjoyable. What was promised in the pitch was delivered and more, and the team across all channels are perfectly executing our vision and working in line with our ambition level.

It is truly a pleasure working with our core team and the extended team, and I am really impressed so far, – I have lot of other Global and local agencies to compare to, and I feel our account team are making a huge difference, and work really hard on our behalf, – I am fully confident in their expertise and competence, and trust them explicitly as their recommendations and execution is already improving our results, and I feel assured that this is only the beginning and I really look forward to increasing our current business with this great team and competent individuals, thank you in advance.

Stine Brogaard

Global Marketing Director, WOLF

Our work and results.

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