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Camille Sampson

Surviving Whole Foods | Kelly MacLean - 0 views

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    Effective simplicity to capitalize on consumer behavior: Although specialized grocers like Whole Foods provide limited product options to appear "simple" and avoid overwhelming consumers, does the lack of familiar items available intimidate the consumer and alter their decision making process?
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    A FUNNY look at Whole Foods - please be advised that the author is a stand up comic!
Sarah Jacobsma

Is This The Future Of Retail? AT&T Thinks So - Forbes - 3 views

  • AT&T’s research found that consumers who want to buy a specific product and have it delivered to their home will simply do it online. But for those who enter a store, their purpose is to learn, to experience, and to speak to a person.
  • AT&T’s research found that consumers go to the web to conduct ‘transactions;’ they go to a store to discover solutions to help them live, work, play, and learn.
    • Sarah Jacobsma
       
      AT&T's research has really allowed them to create a omni-channel retailer. This allows consumers to learn about a product and use them before the purchase is made. How do you think this interaction with different phone models will effect companies such as Apple -- who already offer their customers this type of environment?
  • How do we want people to feel when they enter our store?
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    This article discuses the future of retailing for AT&T specifically for brick-and-mortar locations. Their new store design will offer highly personalized services, solutions - not transactions, and emotionally engaging experiences.
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    This validities my the presentation that I did in class last week stating that the omni-channel retailing approach is where the retail industry is heading... Great article....
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    I agree with AT&T's stance on store layout and in-store customer service since this was the aspect of Phone retailing that was missing most of the time. At least that is my experience from Germany and the Netherlands. I think there is a huge potential for this model in other markets then the US as well.
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    I like the idea of the reps having tablets and their not being a counter between the customer and the rep. It would feel so much more friendly. I kind of want to go to the store next time I'm up that way. I think it is a good idea.
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    Great article! My article is also discussing omni-channel retailing and I really do think this is where retail is heading and think it is going to greatly improve overall customer experience!
Lindsey Wacnik

Staples tracks on digital signage to tackle omnichannel - 2 views

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    This article discusses Staples incorporation of interactive kiosks and digital signage into their stores to help be more efficient with their square footage. They are trying to give customers "access to endless aisle shopping and ordering capabilities." Do you think shoppers will be disappointed by the limited amount of options on hand or will the ability to order more items in-store outweigh the limited selection?
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    Isn't this just like what Kohl's has, just for office supply? I think it is a good idea and I have used the one at Kohl's many times. It make shopping more convenient, especially when it is busy. It is annoying sometimes that they don't have on hand the one thing you need now, but in those instances you might go somewhere else and pay more to get it now.
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    I think the ability to order more items in-store will outweigh the limited selection. At times it can be difficult to find the exact product you need because the labels look the same, but now you can search on the computer/Ipad and find exactly what you need. It sounds like a great convenience as Carly mentioned, and I think it sounds like a great idea. It can take some stress off of employees because people can refer back to the computer as an alternative option.
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    Going off of what Lina said, this will make it much easier for consumers to find the exact products they're looking for. It can often be intimidating when walking into a store like Staples or Kohl's when you are trying to look for something specific, so I think these kiosks will give consumers the opportunity to find what they want more efficiently. Also, I could see where some shoppers may be disappointed because of the limited selection, but I think overall, the ability to order more items in-store will outweigh the limited selection.
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    The digital kiosk idea can be great, but only if it works effectively. In my experience, I tried using Targets kiosks that they started using to pull up a registry for a wedding. However, the system wouldn't allow me access to the registry, and even after an employee tried helping me, we both just kind of gave up. This is just one example how technology if used improperly can do more to hinder a consumer's experience than help.
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    I am not sure how I feel about Staples new plan to offer a limited selection in-store. If this is more for small items that there are many types of -- it is helpful and takes away the frustration of searching for a specific item among many alike items -- but why would we go into the store when we can just order it online? Going off Lina -- sometimes the reason people go into stores is to get the item there and then . . . this makes me think will ordering it in store be more of a hassle than a convenience? I think it will be interesting to see how consumers react to this new shopping experience. . I think it is a good way to incorporate online and in-store shopping but I think that this may just drive consumers to shop online and stray away from going into the store.
Brock Naylor

There's A Thin Line Between Tracking Terrorists And Tracking Consumers - 5 views

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    This is another article that outlines how companies target consumers by obtaining information about there interests. Many people feel that a lot of these methods of gaining information are invasive or otherwise unsettling. How do you feel about information being gathered about your consumer behavior? Do you feel that they are going too far?
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    Excuse me, their* interests
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    Not sure how I feel about this. Also not sure how it works. If it is based off of what they use to track terrorists, how have they configured it to work for consumers. Even after reading the article, I still feel like they didn't explain it very well.
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    Quiet intimidating to see how much we are getting observed by big companies, using the same techniques as the NASA. In Germany we also have had a big debate about it for years already but there is no progress. I think we unfortunately have to accept that the spying techniques are one bad consequence of the internet and be aware, while using it.
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    This article was really interesting, creepy, and yet educational all at the same time! I'm not surprised at all that companies are using these algorithms to track our movements. Yes, nothing is safe in this world and how can anybody trust anything?! But at the same time, we as consumers need to be aware of these insecurities because you never know who has access to the Wifi connections or internet access. All of this psychological analysis is used to increase sales. Maybe they didn't want this particular example to get out that the same type of technology is used in tracking terrorists, but we should understand as potential marketers that this is just to generate sales. And because of programs such as these, we may be introduced to brands and products that could change our lives for the better.
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    The ad targeting is very interesting- I have definitely noticed the targeted marketing durning this project. After searching Vera Bradley for my in class project all of my advertisements on Facebook and other searches are all Vera Bradley products!
Kyle Werner

JCPenney to Launch 565 Disney Store-Within-a-Stores on Oct 4 | InvestorPlace - 2 views

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    After numerous setbacks, JCPenney is coming out with a different strategy with a new partner.
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    The idea of placing "Disney Stores" within JCP stores is interesting. I am a little confused -- I thought JCP was aiming to bring back old customers and people our age? A Disney Store would bring in younger ages and parents. It is pretty cool knowing you can go to JCP and purchase Disney Products. This is a great idea but this will bring in a totally different market yet again. As long as they stick with this strategy it could be successful. On the other hand, if this doesn't work -- changing strategy yet again could be risky.
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    I think JCPenney selling Disney merchandise is a great concept, and reminds me alot of the mini Finish Line sections in Macy's department stores. Children are going to lure their parents into buying Disney items when they go shopping because they will recognize their favorite animated characters and want merchandise to call their own. Also for the holiday season, parents will be able to buy official Disney products at their most convenient JCPenney location instead of waiting for online shipments to arrive or finding their nearest Disney store. It's seems like a great thing for parents who are in a pinch for a gift or birthday party present for their child's friend to get Disney items at JCP because everybody knows and loves the characters/movies. Finish Line's mini stores seem to be successful, and I think the holiday shopping season is a great time to see if these mini Disney store sections will succeed. Maybe it's steps like this launch that can bring JCPenney back to being prominent in customer's minds.
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    Though I am a bit confused by JCP's new strategy to partner with Disney, I do think it could be a successful move. Their target market has not typically been a younger crowd, so this will be a good way to get children and their parents into the store.
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    I agree with Sarah and Kara. I am suprised that the two are partnering, but I think it will be a good idea to help bring JCP come out of this little rut they are in.
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    This is an interesting pair because I know that Disney is very particular about who they partner with. JCPenny does not necessarily seem like the strongest brand name to associate with the Disney brand. This may end up harming Disney in the long run or greatly helping JCPenny- however it doesn't not directly reach their target market.
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    I am also surprised.. I worked at Disney world in Orlando and I do not see what disney expects to gain from this partnership.
Kate King

History-of-US-Retailing.pdf - 9 views

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    Good overview of the evolution of retailing in the US
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    It is amazing to see the progression of retailing over the years, and is even more interesting to see how much more it will be changing in the future. I had never heard of shopping through "flash sales" until this summer, but I think it has quite the appeal for those on the go who want high end products at a lower price. I have seen a number of TV advertisements for HauteLook, and I am interested to see if it will be a source of shopping that will be used by my friends and classmates even in this next year. This is an interesting concept that I look forward to learning more about, and I am interested in hearing reviews about this new way of shopping if anyone in the class has used it!
Kara Blakley

How to Beat Your Competition by Innovating in Ways They Can't Copy - Forbes - 13 views

    • Kara Blakley
       
      Each company uses different jargon, and I found it interesting they hire "artists." Some business people can have artistic and creative sides to them in order to manage stores. Do you agree?
    • Kara Blakley
       
      Have you ever noticed unusal pieces in Urban Outfitters that you haven't seen in other UO stores? This creative freedom is an intersting aspect to UO's strategy!
    • Kara Blakley
       
      Do you like having continuity when you go into a store or are you intrigued by the differences Urban Outfitters showcases?
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    • Kara Blakley
       
      I believe Steve Jobs did just this - we couldn't begin to imagine what we wanted in technological products that he was instrumental in creating. But he had the vision and made it a reality - and what would we do without all our amazing Apple gadgets?
    • Kara Blakley
       
      I don't agree with this statement - why do they need to replace all their managers? Why can't we just begin to think in a different way in order to evolve for the better?
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    Exciting to know that college students began the company and have stuck to their values ever since. It is interesting to hear that they prefer art students over business students (us). Makes me think that we should become more well-rounded so that we are not stereotyped as only "analytical" which the article mentions at least twice. We can be creative too!
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    I thought this was a really interesting read and like how they emphasize catering all aspects of their store to their target market. While I can't say I have made many purchases at Urban Outfitters, I feel like it is also a destination store. The atmosphere is inviting and draws people in because it is so different. That alone helps create a buzz and draw others in. There is an Urban Outfitters at the Keystone Fashion Mall which got me thinking to some of the other stores there. I feel like there are many store there that share this fun, atmospheric experience which really adds value. The atmosphere can really help or hinder a consumer's experience and I feel like that the Keystone Fashion Mall has done a great job of creating a unique experience for all of its visitors - Urban Outfitters being included as a part of it.
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    This is an article relevant to us - college students! We have only had a few classes and already Urban Outfitters has come up as a retailer that has drawn our attention. The article gives a great example of how Urban Outfitters is trying to attract their target market to their stores, not just through their merchandise but by keeping us there longer with a unique layout. Lina gave a great point how today we all need to be well-rounded in many different areas which can bring value to a company. And Krista, I agree with you about the Keystone Mall - the layout of the stores and lots of open space keep shoppers happy and in the mall longer. This is an aspect many other shopping centers could/should pick up on...how the "atmosphere" and store selection makes us feel.
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    Similar to what Lina mentioned in her post, using artists to influence the layout of a store is a very interesting approach. There may be some advantage to that, although we may not think we are analytic, being business students, at Butler we are very well versed in all the disciplines of business. This makes us think not only about our vision for something, but also the outcomes of it financially and economically. So maybe Urban Outfitters is onto something with their thoughts moving from being focused on the business perspective to the artistic perspective. If they can incorporate new pieces into their displays that they find on their drive into work without consulting others, that is an awesome way to keep your store forever changing and to continue its appeal. I am very interested to see how many stores will begin to follow in their footsteps, and incorporate more artists into their decision making.
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    Thank you for this article Kara! Urban Outfitters is one of my favorite places to shop and I had no idea that it was started and run by college students--I think this is one of the great ways that they are attracting their target market. This was my favorite sentence from the article, "If a manager sees an old wooden crate on his way to work and thinks it would look good in the men's section, he can bring it to work and put it on display." This is wonderful, just wonderful! Going back to what a lot of you have already mentioned, their unique layout and atmosphere is what brings people in and creates that overall "experience" for the customers.
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    Great article Kara! I agree with Lina and find it very interesting that they prefer to hire art students versus business students. Although I am not a very artist person this article makes me wonder if students should take more classes in the arts along with our core curriculum. I have never actually entered or bought anything from urban outfitters so I cant say I truly understand what the stores look like from a layout stand point, but it is very interesting that employees are allowed a sense of freedom when it comes to creating an ascetically pleasing store. I think it will be interesting to see if more businesses learn toward hiring more artistic individual.
Kate King

Malls Pitched at Hispanics Taking Off | The Big Tent - Advertising Age - 9 views

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    Not only is this a great way to reach a greater target market but also bring to light the culture of hispanics to those who aren't familiar with it. I wonder how many more will be built and if there could be "too much of a good thing", but it seems to be doing well for now. It seems to be implying and mostly Mexican traditions so it would be interesting to go and see what other cultures are incorporated.
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    I think this is an interesting article and it is great to know in hispanic communities there are stores tailed to their needs but as Lina stated it will be interesting to see what other cultures will be incorporated. I worry that in the future there may be potential issues with there being "too many" of these specialty malls but as for now it is good to know they are working out.
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    This is fantastic. A huge opportunity to capitalize on the movement toward a globalized market, this hispanic malls could really be the start of an ingenious idea to spread cultural awareness. If they are able to effectively target highly populated hispanic communities throughout the country however, we are likely to see a rise in the newest "Walmart" corporation that will monopolizing the hispanic retail market. This could be a good and bad thing simultaneously. Along the lines of what Lina said, the market could become exhausted if it is not promoted in the right areas or in the right ways.
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    I can relate to this article in a few different ways because I spent 5 months living in Spain, surrounded by Hispanic markets, malls, shops, and supermarkets. I think this is a great idea and gives the Hispanic population in these states an opportunity to revisit their roots. They will be able to shop at the Hispanic stores they are accustomed to and also indulge in food that they love at the times of day they are accustomed to doing so.
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    I lived in Mexico for an extended period of time when I was in high school and the hispanic culture thrives around the "plaza culture". In Mexico, being together and out of the house is part of their culture- walking at night, dancing, or just hanging out in the plaza is where most of their social life occurs. Cities and towns are build around their plazas. In the United States we do not maintain this aspect, our plaza would be comparable to sitting on our couch watching TV after work- where instead they go out into the community. Altering the setup and store hours encourages and brings the Hispanics back to their roots but also can provide the neighbor hood with some education in diversity and really great foods and products that they may not have been aware of before.
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    Not only is it a great way for the Hispanic population to connect and revisit their roots like others had said, but what a great way for people from different backgrounds/cultures to have the opportunity to shop at a Hispanic market without having to travel out of the country. I think this is wonderful!
Kyle Werner

How Marketers can Connect with Customers on Controversial Topics | Ferguson Values - 6 views

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    With many companies using controversial marketing campaigns, this article focuses on a company that does it well and why it works!
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    Walmart absolutely made the right decision. They need to address this issue and I respect that they are changing to adapt to our more health conscious society. I think it is unfair that there is so much blame on CocaCola because they are not forcing us to drink it - we go and buy it. There are plenty of other drinks that are bad for someone too.. but that is a different discussion. I think this new image will help CocaCola in a positive way however they need to make sure they keep original drinks. I know that some of my friends or family who must have their diet cokes. I think the company is taking the right direction so that sustain a successful company for years to come.
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    I agree with Lina, Walmart did make the right decision. As a society we are becoming more health conscious and companies will need to adapt to these changes. On the other hand there should not be so much blame towards CocoCola and as Lina said if we want it we go and buy it. As long as CocaCola maintains their original drinks along with adding healthier options will create a better image for them as a brand and offer options to more health conscious individuals.
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    Great article Kyle! I loved Coca-Cola's add campaign. Although it doesn't completely address the issue of their product being one of the highest contributors to the countries health epidemic, they are promoting the ways in which they're helping people make a healthier choice. It may not be the most ethical choice for a company, but they are certainly not digging them selves into a hole any deeper. I feel like Coca-Cola is dealing with the issues at hand in a very proactive manner, which positively reflects through their strong brand image and customer loyalty.
Kate King

Retailers, Take Note: Young Shoppers Don't Care About Owning Your Stuff | Fast Company | Business + Innovation - 14 views

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    This was really interesting to read especially because my friends and I just spent the afternoon roaming around Mass Ave and not one of us made a purchase. We decided to spend the day at the City Market and then walk around downtown. I think that in relation to this article our generation is becoming for concerned with experience as opposed to purchases. While none of my friends made purchases in stores downtown, were were willing to pay the gas and food prices ect. in order to contribute to our overall experience downtown.
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    To piggyback off Megan, I also find this very interesting because about three weeks ago, something very similar happened with my friends and I in Chicago. We spent the entire day downtown and spent our money on the train ride, taxis, food, and a Ferris Wheel ride instead of purchasing items on Michigan Ave. I think all of us would agree that going to Navy Pier, touring Trump Tower, riding the Ferris Wheel, taking pictures at the bean, etc. made that "overall experience" more than buying "stuff." Also, I think DIY projects are becoming more and more popular. For example, before coming to school, I went into a little boutique close to home and found a few things I liked, but instead of buying them there, I purchased the supplies needed to make them myself. Though they did not look exactly like they had in the store, they were much less expensive and more special to me. So overall, I think people are starting to craft and do more DIY projects instead of buying items at a store.
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    This was very interesting to read about because it is so true. There are a ton of people, my friends included, that prefer to online shop than buy things in a store. I am more of an in-store shopper; however, I do shop online occasionally. The most interesting part of the article to me was about whether or not our generation was becoming more or less "material-focused." While we do tend to be buying more online, I think this generation is just as material, if not more, than any other. Because we have the option to buy online, it gives us easier access to purchasing items: not only can we buy in-store, but we can also buy online. This, in my opinion, give us the a greater chance of materiality.
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    I think the topic that this article is centered around is really easy for our generation to relate to, especially for me. I can't tell you how many times I go to H&M, Nordstrom, or any other retail store just to "check out what they have." I would say there's an even 50/50 chance that I will walk out with something or not. I think the most true idea in Peterson's article is "almost anything they [millennials] want can be found and bought online, when and where they want it." I think this is so true of this generation because if we can't find something we want online, that item that we wanted is pretty much scrapped because we cannot look at it from our own homes. Making everything as most convenient as possible for consumers, in my opinion, is the the primary goals for retail stores and this article definitely discusses that aspect.
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    I agree with Megan and Sarah. Last semester in Prof King's class we discussed JCPenny's plan to become more of an "experience" for shoppers. I am not quite sure if JCPenny was able to execute this plan, but it seems as though it would work for millennials. Even the History of US Retailing predicts that "specialty operations that bring selection and a high- quality customer service and shopping experience" will survive and prosper. Megan and Sarah went for the enjoyment of friends and the city. That is exactly what our generation and millennials want. What we want is an experience, to be a part of something. I think that if retailers understand how to do this then they will have more customers. On top of this, the article says that the millennials are becoming more "frugal" therefore retailers need to make more of an effort to prove that a store is worth a millennial's money. Just a quick thought - don't know if any clothing companies do this or not (probably) but if an online store let a customer create a lookalike avatar - same height, weight, ect. Now the online shopper can dress themselves on the computer (kind of creepy to think about but hey! An experience nonetheless). I think ideas like that which add an experience would spark millennials' interest.
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    This article made me really think about my purchasing habits, and what I value when deciding whether or not to make a purchase. What really stuck out to me in this article was the idea that the millennial generation might be becoming more frugal. With the heavy focus on online shopping, I think it provides customers with more options. You have the ability to go to a store find something,not purchase it, but still have the experience the "shopping" experience. If you saw something while looking that you want, there is the option to go online to seek out better deals with other companies for the same product. So the millennial generation may be more frugal in the sense that there are many ways of obtaining the items they want, but they utilize the internet to seek out better prices.
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    I agree with Megan, Sarah and Lina. I view shopping more as a social experience than anything else. It is very rare that I ever go shopping by myself because I enjoy having someone there with me when I am trying clothes on and walking around etc. With that being said, after a day of shopping or being in a shopping environment I do not base whether I had a good day or a bad day based on how many items I purchased but whether I had a good experience shopping. Whether that be based on the people I was with, or if my food was good or bad or if there was good or bad customer service at the stores I was at. I also personally think there is a completely different experience shopping for clothes in a store vs. shopping for other retail items (electronics, jewelry, appliances, books etc.) in a store. A lot of people (myself included) like to try on clothes to see how they fit and how they look on so I enjoy shopping for clothes in-store. However, when it comes to other items that do not need to be personally fitted to me, I enjoy online shopping just for the pure convenience.
Kate King

Abercrombie Is Still Not Down With Head Scarves-and Still Paying for It - Businessweek - 4 views

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    This is really interesting to me that they would let someone go because of wearing a head scarf- I know that American brands like Abercrombie is really popular abroad- especially in Germany and Turkey where it is considered more of a luxury/high end product because of its American qualities. Abercrombie risks this image because many of their customers abroad, especially in those two regions are muslims and losing their support in the international market could harm their bottom line more then a dress code violation could.
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    "Mean girls" is right. Abercrombie can stick their preppy, "popular" noses elsewhere! I hope that Germany and Turkey, as Megan mention, read about this and stop shopping there. How embarrassing for Abercrombie.. they should feel humiliated for what they have done.
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    Wow. . . how embarrassing for Abercrombie -- shame on them. As stated in the article sales are down 10% and if they continue to act this way I can see people not wanting to shop there - especially overseas. No one likes "mean girls."
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    This is awful, especially because the firing came from a district manager who should be trained better and just flat out ethical. While I was abroad I noticed how much Europeans loved Abercrombie and thought of it to be a very exclusive brand because to them it is fairly uncommon. I am glad their sales have decreased that much and if they continue to act like this and discriminate then they are going to go no where overseas.
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    This is just ridiculous and very embarrassing for Abercrombie. Honestly, I'm surprised their sales are not down more than 10%, but I have a feeling that they are going to keep decreasing if they continue to handle these situations the way that they have been.
rteufel

The Future of Customer Service: These Companies Are Getting it Right | Business on GOOD - 4 views

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    This article lists some retailers that have been exceptional in their customer service. As I will be talking about Pre-purchase customer service, you can focus on that while reading what the firms are doing. How has your experience been with each of them?
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    I think this article is really great. I was interested to see that Zappos let the call center spend 10 hours with a customer. What were they doing for that long? Also, the article mentions Twitter activity sky-rocketing, and I find this interesting to see these companies utilizing different social media platforms to reach their customers.
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    There is something to be said when (by the time you are finished reading this article) you are smiling from ear to ear! I was so incredibly touched by these retailer's stories of impecable customer service - especially the Ritz-Carlton with Joshie the Teddy Bear being able to explore the hotel's pool, front desk, golf cart, and getting his own Ritz-Carlton ID badge before being returned to it's owner. When a company (any company or retailer) goes out of their way to make a customer's day and keep them as a loyal/return shopper, there is nothing more special and important. Just by reading these stories, I am going to tell people about the company. Word-of-mouth marketing is the best form....and here I haven't even been an actual customer or purchased from them! Really, really neat to read how associates go above and beyond. The sad thing is that we just don't hear enough of these stories any more - it's almost like they come "once in a blue moon" when shouldn't they be happening every day? Food for thought as we go into our own customer service roles in the future!
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    Like has been mentioned in the previous comments, this article was a real eye opener. The lengths that these companies go to in order to provide spectacular service to their customers is remarkable. These companies are making a name for themselves and this service is helping to increase their brand reputation. People will be drawn in by the experience they can receive.
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    My brain makes me wonder how the company would react if an opposite reaction is given. Take the last one with the tiger bread really looking like giraffe bread, what if another child looked at that and was so unhappy that he can't eat awesome tiger bread anymore and has to eat stupid giraffe bread, and he sent in letters asking or begging to see tiger bread return. There is always a risk that it pleases one customer and displeases another. I can see going above and beyond like giving the grandmother clam chowder even on the off days and staying on the line for 10 hours but the "bottom up change" listed seems whimsical and pointless expect to have the story known and gain recognition. When I look at it that way, maybe a little too cynically because I am taking away the little girls giraffe bread, it seems like if you change your product for one person then why would the other customers expect any less. I think that good responses should be things you can replicate for every customer not just one or two over the top cases. I want my Tiger Bread back....
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    Good article! I heard about the tire-Nordstrom story and it really brought in a lot of publicity for the company. Interesting to see that those extreme customer services do not get too much abused by clients and still pay off . However I think it always depends on the company size. A small shop with excellent customer service always runs in danger of spending too much money and not getting enough word of mouth.
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    The customer service these companies provide to customers is amazing. These are some of the reasons that they are successful and stand out to consumers. I agree with Angelo that I am surprised people do not take advantage of these companies. I always respect companies and prefer to go to ones with better customer service in the end.
Thomas Holmes

From McRibs to Maseratis: The Power of Scarcity Marketing - 2 views

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    How limited offers can make consumers perceive products as better than they actually are.
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    I really liked this article because I was able to find aspects where I can really relate. One thing that came to mind is durning Christmas/winter months, Hershey's releases candy cane peppermint kisses. I have associated these with only that time and I'll buy more of them specifically because I know they won't be here long. I don't feel like this is something we as consumers need to learnt o say no to. I think it is merely a marketing ploy that works well. For those from Indiana, or other similar states in terms of seasonal changes, I feel like we are all somewhat trained with this mentality due to our seasonal changes. Towards the end of Winter we can't wait for Spring and so on. I ink it would be interesting to see did there is any difference related to this scarcity concept among people from Indiana for example versus Florida. I think it would make sense that people in Indiana may buy more of something associated with winter during that time due to the temperatures we experience versus Florida who would still have that winter spirit, but not the weather to further encourage it. It could have no effect, but I think it's interesting to think about.
Kate King

The loyalty lie | RetailCustomerExperience.com - 6 views

  • most loyalty programs don't work
  • So, why don't most loyalty schemes work? Research points to several reasons. Loyalty programs are transactional. Loyalty isn't.
  • The best brand/consumer relationships are those that become transformative in the sense that the customer feels somehow better for having done business with the brand. The brand and shopping experience are the loyalty program.
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    I agree with the article, that loyalty programs are not working. In my own experience there are only TWO kinds of loylty programs that are working somehow. Firstly, a loyalty program that is introduced by a brand/shop/store that I am already loyal with, e.g. the favourite coffee shop, or the closest supermarket. In those shops a loyalty program might even lead customers to buy more and appreciate it. Secondly, what I think is also working are loyalty programs introduced by a pool of shops. E.g. in Germany we had PayBack for a long time, which was a joint loyalty program that gave you points in almost any major retailer in Germany, so it was used by a lot of people. Noone wants to have 10 or 15 loyalty program plastic cards in their wallet, though...
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    The article is totally right! I worked for a year at a gas station next to my studies and we had these 'puy 9 coffees, get the 10th for free' cards, which we wanted to hand out to all taxi drivers, to make them visit our gas station frequently. Every second driver refused to take a card, when I offered them, because of the huge amount of other loyalty cards in its wallet (as Raphael already pointed out). Furthermore, I saw that we also have those cards for drinks at the HRC Store and I never took one, because I simply consider the drinks as too expensive to buy a dozen of them, just to get one for free!
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    This is a great article! It's very similar to a costco card or a sam's club membership. The only way a loyalty card like this would work is if the company had prices that beat juggernauts such as walmart or target. Most people on campus do have costco cards, so whether it's the Costco food or the ability to buy literally almost anything at the store, Costco seems to have found the solution.
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    I believe one of the largest reasons why loyalty is such an obstacle in today's markets is primarily due to fast paced, innovative society that we live in now. Consumers are becoming so oriented to 'the next big thing' that it is increasingly difficult for businesses to keep up with this rapid changing of trends, especially considering the small window a product has before it is one-upped.
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    I thought this was interesting to read as I myself have several loyalty cards to various places. I never put much thought into it, but after this article it really emphasizes the fact that I. Not really loyal to the brand as much as e transactional benefits. Given an alternate and similar option at a better price I would probably jump ship from those I support now to something different. It may not create the sincere loyalty, but it has worked in keeping me to returning to certain places for the transactional benefits, so it doesn't seem like a total failure.
Paige Laughlin

Luxury Brands Must Develop Their Customer Experience To Survive - 4 views

  • Luxury retailers must focus on providing a rounded customer experience, rather than simply flogging goods, if they are to survive the ongoing recession.
  • brands must improve to keep their customers happy.
  • consumers want "intimacy, meaning, story, quality, provenance and a true sense of wonder",
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  • New technology will be used to support this with the growth
  • mobile app
  • A personalised experience is the ultimate in luxury. You can get dressed by the styling team and understand how they see the collections being worn together; It’s like peaking behind the curtain.
  • not only a physical business but also a digital one.
  • "Shrines with apps, allowing instant exclusivity and gratification, which can be easily segmented are appealing to different demographics within a category," she said.
  • retailers have wrongly invested in technology – everyone on the shop floor has an iPad – great, but what are you doing for the customer? We believe there is no point in having an iPad when you could be there in person with the customer," she said.
  • Can luxury service really be delivered in a digital world?
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    This article details the struggle that luxury retail stores are having with providing a "personal customer experience." Because the products are so high end, they are expecting that aspect to talk for itself; however, customers are wanting a more personalized experience than what these stores are giving them. What do you guys think about this? And also how do you feel about the technology aspect they talk about in the end?
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    I always expect a personalized customer service in a high end store. The store should make me feel important/special in order to create value. I also think that whether you are a VIP member or someone who stops in occasionally, it is important to treat the customers the same way. Burberry took a neat approach by incorporating the technology into their stores. (Although the store is huge for the amount of clothes actually offered.) It's a great start and I also think that technology that recognizes repeat customers would be highly effective in this environment. However I also agree when the article says "so what" to technology. These stores still heavily rely on the interaction amongst employees and customers so there is no way that technology can completely take over these high end stores.
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    I believe that if I am going to spend a lot of money on an item, I should get treated with high end customer service.This is a reason why a lot of top brands have personal shoppers, because they know their target customer is willing to spend a lot of money for high quality goods. It is also important for high end retailers to display the value of their goods through the value of their store, even if it means dishing out a lot of money for renovations. Burberry is on the right track with integrating technology into a store that would not normally have this kind of technology. This technology gets the customer more involved in their shopping experience instead of just browsing around the store.
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    These luxury brands will not die. They may not be making the revenue they desire but they will not disappear. My mother for example has more of these items them I care to know. It is people like her that will keep this industry from disappearing. However with the economy it will be difficult to find new customers. But yes making the customer experience more personable will continue to bring the already loyal customers coming back. I do believe those five things they are going to change will help. But it will not necessarily bring in new customers.
Brock Naylor

Apparel retailer Onward Reserve refines its e-mail targeting and gains revenue - 5 views

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    This article discusses how apparel retailer Onward Reserve refines its e-mail targeting process in order to maximize brand exposure and increase consumer interaction. Do you think that e-mail targeting will remain relevant in the coming years and be an effective strategy? What other methods do you see retailers using to target particular markets and segments?
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    This is a clever idea. Not necessarily try to sell a product in every email, but more keep the consumer engaged as to what is going on the company. I believe this will help cut back on the number of customer getting annoyed by all the emails sent out by certain companies always trying to sell something.. I believe this method should be adapted by more companies.
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    I think that e-mail targeting will not remain a relevant strategy. I am already overwhelmed and overlook e-mails from companies. But, if there is an innovative e-mail or heading then my interest will be met. It depends on the content and how many times I receive e-mails whether or not I open it up.
rteufel

Five E-Commerce Must-Haves in 2013 | Retail Trends | RIS News: Business/Technology Insights for Retail, Supermarket Executives - 8 views

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    The articles summarizes the most recent trends in e-commerce by giving advice to online retailers about what they should be aware of in 2013.
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    I agree with the author that the #1 must-have for retailers is mobile optimization. Everyone checks the web on their phone, so optimizing an app for mobile interface will be the key for being the top retailer in the very near future.
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    I think stores can really benefit from streamlining the checkout process for consumers. Being able to check out anywhere in the store saves time waiting in line and also gets sales staff out on the store. We learned about JCPenny attempting to adapt this model, although it was not sucessful there- in other smaller stores where integration would be easier and quicker and lines are a bigger problem it could really improve the customer experience.
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    I personally feel that aesthetics of a mobile app or website play a significant role in inciting a purchase from a consumer - me, specifically. If a page has an unappealing, non user friendly layout it can be very frustrating to navigate as well as find a specific product you're looking for, and often times will cause me to give up my search. I believe in this regard that ecommerce is the most important frontier for retailers currently, and if they are behind in this respect, then they will rapidly fall behind in the marketplace.
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    I completely agree with this article. The point about free shipping as many times as a company can is huge to me. When I am shopping online and see an item that I want, it makes me that much more likely to get it if there is free shipping on the item. I also agree with the point about creating a mobile optimized website or app for mobile users. Sometimes when I'm on a website on my phone that is not optimized for mobile, it's hard to navigate and hard for me to click on things because the links are so small, which is frustrating. I think it's important for companies to make it as easy as possible for consumers to buy things online because I think that is the new trend and, of course, since mobile phones are so hot right now it would only make sense to make the mobile phone experience when buying something as easy as possible. I actually just bought something the other day online on my mobile phone and it was just as easy as if I were to have bought it on my computer, and that gives me as a customer easier access to buy things.
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    I agree with Megan the worst part of shopping is the line just to checkout. If a customer is in a time crunch, and the store has the capabilities to allow customers to checkout anywhere it allows them more time to look around, and possibly make more purchases. It also frees up more space for customers to look around the store, this will be crucial for stores that are very small in terms of space.
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    I agree with the above as well. I really find that the page layout and functionality have a strong influence in me not only in purchases, but general cases as well. I remember when I was looking at colleges, those who had poorly constructed websites automatically negatively impacted my thoughts towards them even if I hadn't visited. With such tech savvy consumers I think these online aspects gain even more importance and should be given special consideration.
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    The page layout definitely has strong influence.. A company's website is becoming most important.. For most this is how a person gets their first impression on the business. The more tech savvy the business becomes the better likelihood for success in my opinion.
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    The number one must have is definitely mobile optimization. I actually tried buying something off my phone today while I was in the car. This creates for convenience for consumers because smart phones and tablets and other mobile devices are so popular right now. Free shipping is also extremely important especially for goods that weigh a lot or that would normally be a lot of money to ship.
John Cummings

Perfect Business > Your Resources > Grow > Pricing > PricingTechniques - 10 views

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    This article lists multiple different approaches to pricing a product. Including multiple that are mentioned on our class guide sheet...
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    I like looking over all of these different pricing strategies because it makes me more aware. Some of the strategies were familiar from MK380, but others were new. Reading over and understanding the different pricing strategies makes me more aware when I am shopping to take note of what strategies retailers are using, and seeing how they work on myself and others. I think it's interesting to think of all the different components needed to consider just for pricing. I like, and know I fall victim to, odd pricing quote often. I find it interesting that even something at $3.99 will typically be perceived as $3. Overall I think this is a really good article to describe and provide examples of all of the different pricing strategies.
Carly Foley

Abercrombie & Fitch: To Price Promote or Not To Price Promote? | The Wiglaf Journal - 5 views

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    This article talks about pricing techniques, and in particular promotional pricing for Abercrombie & Fitch. It talks about how the recession affected how Abercrombie priced items. It talks about the rationale of promo pricing.
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    That was very risky of ANF to not consider pricing strategies when their competitors such as Hollister were lowering prices to counter the recession. I guess ANF can thank their international customers for rescuing them out of the company's decline!
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    At one point, A&F was a very 'trendy' and desirable clothesline to have. Unfortunately though, trends come and they go, often quicker than the last in this day and age. Not reconsidering their pricing strategies (especially with the lower quality and value merchandise) was a massive missed opportunity for them and thus very damaging for the company. Not only did they not account for the recession, but general interest in their apparel as well. As a trend begins to die out, consumers won't be willing to pay the traditionally higher prices for the product(s).
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    I agree with Brock's comment. With the trendiness of Abercrombie and Fitch dwindling, the popularity of this store has gone down. As we have seen with many different trends, the less popular it becomes, the less people are willing to pay for these items. I think it would be in Abercrombie's best interest to rethink their pricing strategy, the time for that is now. Not only is the popularity diminishing for this retailer, it has also been under fire recently with the sizing issue, which has skewed customers perceptions even more.
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    Easy to agree with Brock and Kyle, there was a missed opportunity. It seems like they were holding on too closely to their image and not worrying about how a loss of interest would really impact them. I feel like it was management that had been there and done things a certain way too long that when change was needed they were too comfortable with their current plans and feared change. If they had just seen that price promotions were beneficial and gone into it at first with their "calculated" approach then they could have had a much smaller hole to dig themselves out of. I also didn't see why, if most of the other stores were using pricing promotions to counteract the recession why they thought their image would be tarnished. If it was a uniform movement then their image would stay relatively the same.
Kate King

Opening the Door on Target's new Threshold - The Robin Report - 7 views

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    I thought this was an excellent move by Target after following Wal-Mart since Target opened. It is crazy to keep doing the same methods over and over and expect different results. Target thinking outside of the box and offering a differentiated marking strategy could really give them an edge to chase Wal-Mart a little closer or perhaps even surpass this giant someday.
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