retail – THE SOCIAL CMO Blog

Employers: Treat Every Employee Like A Mary Kay Rep

October 22, 2020January 9, 2021 by Ted Rubin

Empowering your employees will result in success for your brand…

Every retail employee is an individual with their own unique skills, outlook, and ability to solve problems. With the right training, an employee can learn to be a true ambassador for your brand, an asset to your company’s image, and a key reason that loyal customers keep coming back to your business. However, many brands put their public-facing employees into a box, with a selection of scripted responses and not many tools for genuinely addressing the problems of their customers. For them, promoting the brand is an afterthought and customer service is a means to an end.

Not every brand operates that way, of course, and the smart ones empower their employees to be more than robots. Treating your retail employees more like Mary Kay reps, rather than cogs in the machine, is crucial for establishing a better customer experience.

IBM Delivers Online Merchants New Cognitive Capabilities That Turn Commerce Insights into More Powerful Customer Experiences

December 3, 2015December 5, 2015 by TheSocialCMO

Watson Analytics Allows Brands to Use Everyday Language to Identify Hidden Data Connections and Drive Better Business Performance

IBM (NYSE: IBM) today (Dec 3rd) announced new commerce capabilities that help online merchants easily gain the insights needed to evaluate category and product performance and make quick and effective merchandising decisions. Leveraging cognitive capabilities from Watson Analytics, IBM Commerce Insights allows practitioners to gain a real-time view into customer behavior and market factors that are impacting their business, proactively identify opportunities and roadblocks and take informed actions to increase sales and business performance.

This Single Company Will Own the Future of Retail ~via @OPENForum

August 19, 2014December 20, 2014 by Ted Rubin

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This online giant is starting to stretch its entrepreneurial fingers into every retail segment, both online and off. Are you ready for an Amazon-centric world?

QR Codes: Fad, Marketing Trend or…

December 9, 2012 by Ted Rubin

I read a post last week debating whether QR codes are a fad or a marketing trend ripe for growth. My thought was… REALLY?

If you are only focused on the Money, you risk completely overlooking the People

September 12, 2012 by Ted Rubin

I was with a senior marketing executive from a major retailer recently and we got into an hour long conversation about Return on Relationship™, my philosophy, and what it means to me. He was incredibly interested personally and for his company, is a very thoughtful person and was interested in digging down to what my mission is… or better yet, what I want most to accomplish with respect to ROR (#RonR). What it seems to come down to, after discussing, riffing on the topic, and a bit of introspection, was helping others without expectations of what you get directly from that person in return. And how that plays into the old adage… “what goes around, comes around.” We then had an inspirational discussion of what that means to us personally and can mean for brands with consumers.

Short and simple: if you are only focused on the money, you risk completely overlooking the people. Don’t make that mistake! If you don’t know who your people are, you might as well toss your marketing and prospecting money down the drain. It is not that complicated.

Relationships ARE the new currency – honor them, invest in them, and start measuring your ROR

Originally posted at TedRubin.com

Looking for Growth in Lean Times? Look North to Canada!

August 16, 2012 by TheSocialCMO

There’s no getting around it, times are tough and we may still be in for more of these lean times for years to come. Every company is looking for that elusive source of growth to keep driving the top line, or at least to replace any shrinkage in business from the downturn.

But in difficult times growth can be a hard thing to find and merchants both online and offline need to be creative and on the lookout for any potential sources of new growth. For those in the United States still struggling to find growth in the aftermath of the real estate and banking meltdown I have one word which may be the answer and that is … CANADA!

Canada you say? What’s different about the situation north of the 49^th parallel that might make it a growth opportunity for me? Well to borrow a phrase well worn south of the border the first answer is “It’s the economy stupid!” On whichever metric one compares, Unemployment, GDP, Inflation or Currency, Canada has fared better during this downturn. Relative to Unemployment, at the start of the downturn Canada and the US were both tracking an Unemployment rate of roughly 6% and since that time the spread has grown to 1.5% with roughly 9% in the US versus 7.5% in Canada. Looking at GDP, Canada and the US both went negative in 2008 and based on aggressive stimulus both returned to roughly 3% in 2011, however since that time there is about a 1% spread with Canada at 2.75% and US at 1.75%.

Real Life Retail Story! 30 Percent Off in 30 Seconds!

August 7, 2011 by TheSocialCMO

We recently dropped in to a Foot Locker at a mall to pick up some sox.

We selected the package and I pulled out my smartphone, opened one my barcode reader apps (in this case, ShopSavvy) and scanned the barcode. Sure enough, the same sox were available at Nordstrom at a lower price. Ten seconds.

We showed the sales clerk the lower price on the phone screen and asked her if they price-matched other stores. She didn’t know and needed to ask the manager. Five seconds.

The manager looked at the Nordstrom price on the phone and the price on his packaging and after a brief discussion said they’d match the price. Fifteen seconds.

Will Canadian retailers survive?

January 24, 2011January 24, 2011 by TheSocialCMO

“Motivated employees make a huge difference in service” says David A. Aaker in his book, Strategic Market Management

Mind the gap

Like many busy moms, I willingly and sometimes, forcefully, take on everyone’s shopping in my family. This year, more than ever before, I’ve had the opportunity to experience the limits of customer service at retailers, more particularly, at Canadian retailers.

This has given me a pretty good insight in their practices and what the end user, the customer deals with. I will use this “experience” to bring you a series on Canadian retailers; the first topic is pretty general as it sets the tone and give you a fair idea of the landscape.