Retail Marketing

    Sears Big Opportunity

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    I’m no demographer but it doesn’t take a numbers nerd to know that a growing and sizeable portion of America is populated by Hispanics and Latinos.  Name a national retail store brand that caters to this group?  In NY we have independent bodegas, but that’s about it.  Among the retailers that index high for the Hispanic and Latino communities, the one I think should attempt to corner the market is Sears. 

    The company is talking about selling off its most profitable stores to generate cash but the bold move – the future-forward move – would be to go “all Spanish all the time.”  Find the high density markets, tailor the skews, hire the right sales associates, alter the layout and colors.  Celebrate Spanish culture in a store retrenchment that will not only save the company but make it thrive. The Sear Roebuck Catalog was a cornerstone of America marketing. Sears can create another transformational marketing moment by following our changing demographics. Be bold, be brave… as they might say at David & Goliath.

    Peace (in Syria)!

    A Tale of Two Salespeople.

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    I go to REI yesterday to exchange a pair of Oboz hiking shoes for a wider pair on what was Day 2 of their retail reopening. I had purchased Oboz because a friend, Skip, told me a wonderful story about his buying experience. If you read my previous two posts you’ll recognize Skip as an Oboz “Advocate.” Skip went to REI having done some research but uncommitted to a brand (he likes researching things). His salesman was of a certain age – not an age you’d associate with lots of rigorous hiking – but Skip’s a mensch and didn’t hold it against him. Good thing.

    The dude tells Skip he’s been in the shoe business his whole life, sharing bits of his resume. Then he goes on to tell the Oboz story, highlighting their special “O Fit Insole” and all the other cool, comfort and durability features. Skip was sold and now swears they are the most comfortable hiking shoes he’s ever owned.

    My shopping experience was different. I had picked up my Oboz the day before, sight unseen due to the Virus, and was returning them to get a wider size. Arriving in the shoe area I was met by a very nice young saleswoman. She knew her brands, models names and sizes. She went back to the store room and returned with my wider shoes. Then she slid the shoes to me across the floor. (Perhaps as instructed.) This saleswomen though simply transacting business had an opportunity to work me a bit. Maybe even turn me into an advocate. But she did not. It was a lost opportunity.

    This is a tale of two sales people. One I’d never met but who had a multiplier effect on a Oboz sale and likely hundreds more. The other was a transactor of business. Friendly and efficient.

    Just as there are two types of sales people there are also two types of marketing: the “slide the product” and the “engage and educate” the consumer. Which makes more sense?

    Peace.

     

    The price/convenience trade-off.

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    I’m a man. Here’s how I shop: I go to a store, walk around, talk to a salesperson, maybe another shopper and I buy.  If the store doesn’t have what I want, I either go home or visit another store.  More often than not, it’s a one store and buy experience.  Price is important, but usually only when comparing choices in the store.  Convenience.

    As technology wends its way more and more into the shopping process and the best price on a skew (product number) is only a click away, (#bestpricesamsungTV) many of the shopping choices we make will be made for us. And price variation will be minimized.

    There will be Amazon for eshoppers and for those who want instant gratification there will be SuperRetailStoreCo or something.  Variability will be minimized in marketing. All that will be left, variability-wise, will be the brands. But marketers who spend too much on branding, will have reduced margins and will likely fall off.  Will it be a brand new marketing world in 2050?  Oh yeah. Should be exciting. Peace!