Retail Media: The New Ad Tech And The New Mall
While there appears to be little overlap between the smaller brands paying for placement in physical marketplaces and the larger consumer products companies appearing via ad tech on even larger retailers’ sites, the objectives are similar: Retailers need to leverage their real estate and traffic, brands need new opportunities for placement and consumers are on a quest to discover what’s new, or at least what’s new to them.
My Lack of Enthusiasm for “Contemporary” Apparel
It was fun to be interviewed by Business of Fashion reporter Chantal Fernandez about the contemporary market, a topic I used to think a lot about as both a professional buyer of it and as a heavy consumer of it.
The State of Retail, July 2020
Last week, I volunteered to give an informal talk to a largely non-retail audience about what’s happening in the industry right now. I realized I should jot down some bullet points, and afterwards I put them into sentences. What did I miss?
The New E-Commerce Experiences Driving Results
Whether it’s leveraging marketing expenses with AR tools that go viral, using AR to convert more and reduce returns, deepening engagement to sell more via VR, developing fruitful long-term relationships by connecting 1:1 or livestreaming to connect with the masses, there’s more consumer openness and more business need than ever before for new e-commerce experiences.
Retailers That Emphasize Community Will Boom After Social Distancing Is Over
Some of the most compelling specialty retail concepts incorporate both lifestyle merchandising and some kind of service, coffee or otherwise. Historically, it’s been a bonus if they also built community. That was likely to approach requirement status in the future anyway. Given current circumstances, once retail and hospitality open again, a sense of community will be even more valued.
Peloton, Mirror And Tonal: 3 Retail Strategies, 3 Lessons
Building a new brand exclusively online is increasingly expensive. And while the promise of free at-home trials of Peloton bikes and treadmills and Mirror’s and Tonal’s wall surfaces may relieve some concern about a purchase in the thousands of dollars, the downside of buying without trying is a lot of inconvenience when one considers scheduling equipment delivery and installation and the hassle of canceling the service and arranging for pickup.
Why TheSkimm’s Foray Into Commerce This Holiday Season Was A Success
TheSkimm, which started as a daily newsletter in 2012, has been crystal clear since inception that its target audience is a female millennial that it refers to as The Skimm Girl. With a broad ambition to make it “easier for you to live smarter” perhaps it shouldn’t have been surprising that theSkimm would introduce a lifestyle commerce play meant to help its audience tackle holiday shopping.
The Rise of the Lifestyle Marketplace
Why am I excited about the idea of brands known for fairly narrow product categories launching curated marketplaces? For three broad reasons.
Why Nike + The Infatuation is a Fantastic Collab
The multi-platform, multi-venue, multi-product program I’ve now seen over several weeks appears to be the result of the proven creativity of The Infatuation team and the risk-taking for which Nike has become admired.
Why don’t we talk more about people?
All of the best customer experiences I’ve had recently involve product I wanted to buy, an easy-enough way to purchase it, and pricing I could justify. But the differentiator was the people behind it all.
MWC through a Retail Lens
Based on what I saw at MWC (fka Mobile World Congress), the themes, especially as they relate to commerce, can be summed up most succinctly as SPEED.
The 3 Es of My Favorite Retail Store Tech
The technology I like best in retail can be summed up by thinking about the 3 Es:
What enables, expedites, and/or elevates the store experience for tasks a customer doesn’t need a human to perform?
AR in Retail
Last month at Verizon, we built an in-store AR use case and rolled it out to thousands of our stores. The activation was tied into Verizon’s holiday campaign and encouraged deeper engagement in the store by prompting customers to search for and “unwrap” exclusive promotional offers as they browsed.
Amazon Fashion’s London Pop-up
Observations and analysis about Amazon‘s London pop-up from retail consultant Rebecca Smith and me.
Retail Surprises at the Cartier Pop-up... and Amazon 4-star
On the way to visit the new Amazon 4-star store in Soho, I stumbled upon a Cartier pop-up at 120 Wooster (open until 11/4/18). Unexpectedly, I found both to be about discovery.
My Visit to a Payment-optional, Selfie-friendly Store
To recap, trends hit:
Instagrammable
New CPG sales channel
Small format
Self-checkout
Shift in ad dollars from digital to stores
And those missed:
Experience
Service
Product education
Brand immersion
The “chat” in chat commerce
The Launch of the Small Launch
New and established brands are focusing on tighter assortments.
Beauty Shopping When No Tech is the Best Tech
A new Barneys beauty brand gives customers an effective takeaway.
A Tale of Two Seattle Retail Pilot Stores
Earlier this month, I visited Amazon Go and Starbucks Roastery. They’re at opposite ends of the technology/human spectrum.