Vector
Marketing History
Vector Marketing Corporation
and Vector Marketing Canada are the sole distributors of Cutco Cutlery,
a high quality line of kitchen cutlery and accessories. Vector’s
sales representatives schedule appointments and introduce prospective
customers to Cutco through one-on-one, in-home demonstrations. Cutco
products have been sold in just this way for over 55 years, and
more than 14 million customers enjoy and use CUTCO in their kitchens
every day.
Vector Marketing was founded in
1982, and soon became the most successful independent Cutco distributorship.
Recognizing that Vector offered a sales model for growth, Alcas
Corporation, Cutco’s parent company purchased Vector Marketing
in 1985 and making is the exclusive distributor of Cutco. Vector
Marketing continued to build the business throughout the 1980s and
90s, regularly achieving double digit annual sales growth. In 1990,
Vector Marketing brought Cutco Cutlery to a new market with its
expansion into Canada. With the success of its venture into Canada,
Vector decided to increase the market for Cutco Cutlery internationally.
Building on the strength of its domestic business,
Vector Marketing entered the Korean market in 1992. With different
needs and wants for kitchen cutlery in the Korean market, Vector
Marketing shows its strength and professionalism by adapting its
sales programs to Korean culture.
In addition to Vector Marketing Corporation, and
Cutco Cutlery, Alcas Corporation established Cutco International
as its third subsidiary in 1995. Cutco International provides an
infrastructure for operational support and leadership for global
expansion.
The addition of KA-BAR Knives, Inc. and the expansion
into Costa Rica in 1996 proved a difficult challenge to quickly
growing Vector Marketing Corporation. With the addition of new knives,
techniques, sales reps, and an entirely new market, Vector Marketing
ndertakes new strategies that will provide the base for solid growth
into the 21st century.
Cutco's celebrates its 50th anniversary in 1999
with the introduction of a flatware line, and a new commitment to
corporate social responsibilty through it’s sponsorship of
Share our Strength, a leading anti-hunger organization. Together,
Vector Marketing and Cutco Cutlery include the sales force in their
philanthropic efforts by tying Share of Strength contributions to
the sale of specific Cutco products. And, in response to demands
from it’s customer base, the company introduces a new 32 –piece
Cutco set, the Ultimate 2000, and Cutco Garden tools in 2000.
Cutco, with the support of Vector Marketing, opens
its doors to the public in 2001 with the introduction of new Visitors
Center located next to its corporate headquarters in Olean New York.
The new center showcases the history and progression of Cutco and
Vector Marketing along with displays of antique kitchen cutlery,
military and pocket knives, as well as historical documents and
photos.
Continuing history of innovation, Cutco introduces
an ice cream scoop, cheese knife, and bird's beak paring knife in
2002. With its unwavering commitment to quality products, and an
unparalleled sales model, Vector Marketing Corporation continues
to lead the way in the cutlery industry.
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