Public Relations & Social Marketing Insight
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Public Relations & Social Marketing Insight
Social marketing, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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Macy's cutting 1,300+ jobs, closing 14 stores: trouble in paradise? - AGBeat

Macy's cutting 1,300+ jobs, closing 14 stores: trouble in paradise? - AGBeat | Public Relations & Social Marketing Insight | Scoop.it

Macy’s has announced they will shut down 14 stores as part of a restructuring effort, citing a shift in how consumers shop. The retail giant notes that this is part of a broader plan to meet consumers where they are: online.


The closed stores will mean a reduction of 1,343 jobs and should be completed within the next few months. The news has the average layperson assuming the worst of the brand, but Macy’s is no JCPenney, no, this is a simple effort that is common for large brands. These closures represent only a fraction of the brand’s 790 stores across America....

Jeff Domansky's insight:

Macy's is restructuring by closing stores and cutting jobs. A new reality for retailers?

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How the world orders and delivers in 10 charts

How the world orders and delivers in 10 charts | Public Relations & Social Marketing Insight | Scoop.it

With the rise of e-commerce, more retailers are scrambling to stay ahead of consumers’ evolving  expectations about home deliveries.


To that end, insight into global distance selling sales—sales where customers  purchase items via TV, phone, or internet and have that good delivered to their home—is now a retailer’s best friend. According to market research firm e-Marketer, global e-commerce sales are expected to jump by 20% to $1.47 trillion this year alone, and by 16% next year.


Worldwide delivery company DHL checked the pulse of delivery-based consumers in a survey of over 11,000 people aged 16-64 in 20 countries. Here are its findings in 10 charts:The British and Germans are all about getting goods delivered; Canadians not so much....

Jeff Domansky's insight:

Fascinating research for marketers and retailers.

Marco Favero's curator insight, October 18, 2014 11:01 AM

aggiungi la tua intuizione ...

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How Brick-and-Mortar Stores Are Becoming More Like Online Retailers

How Brick-and-Mortar Stores Are Becoming More Like Online Retailers | Public Relations & Social Marketing Insight | Scoop.it

Between the confluence of the Web and e-commerce and the rise in hours at work for U.S. workers, brick-and-mortar visits are becoming worryingly infrequent. Online shopping is rapidly overtaking high-street sales with the U.S. Department of Commerce spotting a 3.4% quarterly pickup in e-commerce sales compared to 0.6% for brick-and-mortar retailers during the fourth quarter of 2013.


However, thanks to modern technology, traditional retailers now have a chance to fight back. Strategy consulting firm Control Group put together a thorough report examining several emerging trends in retail technology. Especially, state-of-the-art technologies that make dynamic pricing for brick-and-mortar retailers could indeed enable them to turn the tide in the battle of clicks versus bricks....

Jeff Domansky's insight:

While dynamic pricing has mostly been associated with online vendors, one consulting group says that brick-and-mortar retailers can now join in with this game-changing strategy thanks to new technologies.

Rhonda Griffin's curator insight, October 7, 2014 1:46 PM

....Web and e-commerce and the rise in hours at work for U.S. workers, brick-and-mortar visits are becoming worryingly infrequent. Online shopping is rapidly overtaking high-street sales with the U.S. Department of Commerce spotting a 3.4% quarterly pickup in e-commerce sales compared to 0.6% for brick-and-mortar retailers during the fourth quarter of 2013.

 

Contact me for more information!

Francey Smith's curator insight, October 19, 2014 5:01 PM

My focus and experience is non-food retailing. Today's customer for retail is already purchasing from many channels under the same name plate. She (and he) have been aware of multi-channels for several years and will continue to do so for the future near and beyond. Don't fool yourself into thinking that the "multi channel" customer is a fad!


The smart retailer today follows their customer (hopefully by name, address both postal and email, at a SKU level and then trends this robust customer data over time) on all channels.

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Brands Aren’t Dying; Traditional Branding Is

Brands Aren’t Dying; Traditional Branding Is | Public Relations & Social Marketing Insight | Scoop.it

James Surowiecki's column in The New York last week, Twilight of the Brands, seemed to suggest that brands are dying. He argued that the usefulness of brands as decreased given that "consumers are supremely well informed and far more likely to investigate the real value of products than to rely on logos.


"His observations about people’s orientation and decision-making are spot on – but I come to a different conclusion. Instead of seeing the current market environment as ushering in the “twilight” of brands, I view it as a call to arms. Brands and brand-building are more important now than ever before.I hold this different – and hopefully more instructive and insightful – perspective because I view a brand as far more than a label or logo. 


A brand is the bundle of values and attributes that define the unique value an organization delivers to customers and the unique way the organization operates. A brand is a strategic platform for managing and growing a business....

Jeff Domansky's insight:

Denise Lee Yohn shares an insightful look into branding trends and best practices in the new social and digital environment.

William Hulbert's curator insight, November 5, 2014 8:15 PM

I felt that this article spoke to a lot of what Andy James said in class about the importance of branding in today's society. It begins by contradicting the idea that branding is dying by showcasing its vast importance. A company's brand is so much more than just a logo in today's society, and it is clear to see. It has become a strategy and belief system to train personnel to live and breathe, rather than just promote to increase volume of sales. Due to the availability of so much information, consumers are smart enough to see through a surface effort at branding. Thus, it is important to instill the ideas of the brand to the core of the company to show a customer that they do not just say it, they also show it.

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The family firm selling via Facebook

The family firm selling via Facebook | Public Relations & Social Marketing Insight | Scoop.it

The BBC's Jill Martin visits US clothing company Lolly Wolly Doodle, which is helping to lead the way in selling directly through Facebook.


As a family-run company with just 160 employees and a funny name, US children's clothing manufacturer Lolly Wolly Doodle (LWD) does not immediately seem like a trendsetter.Yet the North Carolina firm and its owner Brandi Temple are at the forefront of how small retailers are increasingly selling their wares directly through Facebook.


Billionaire investor Steve Case, the co-founder of US internet group AOL, is so impressed with LWD and its "Facebook commerce" business model that earlier this year his Revolution Growth fund invested $20m (£13m) in the company.


He says that LWD has the potential to be a billion-dollar business.Mr Case adds: "Ms Temple really had pioneered the whole area of social shopping. It's really bringing consumers almost into the design process."For most people focused on e-commerce, social is an afterthought. For her, it's the main event. I think that's unique."...

Jeff Domansky's insight:

Interesting social business case study. 

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Analyzing Customer Behavior to Produce Business Results | Marina Maher Communications

Analyzing Customer Behavior to Produce Business Results | Marina Maher Communications | Public Relations & Social Marketing Insight | Scoop.it

Brands like Amazon, Netflix, OKCupid, Pandora and Twitter are tracking customers’ online behavior to produce targeted offerings and increase sales. What stats are they looking at and offering as a result, you may ask? This infographic tells all....

Jeff Domansky's insight:

This is a really valuable post for social marketing strategists. It looks in detail at which consumer behaviors some of the major business to consumer marketers are measuring.

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11 Things To Invest in Right Now to Grow Your Business Online

11 Things To Invest in Right Now to Grow Your Business Online | Public Relations & Social Marketing Insight | Scoop.it

Here is a tale of two retailers. In it we can see a glimpse of what the implications are of either embracing the digital world or just playing at the edges.


In the USA Nordstrom is a brand that is investing heavily in  technology and building its online brand assets. Over the last 3 years it has invested more than $2 billion in technology primarily aimed at making it easy for customers to buy online. That is 50-65 per cent of its cash flow. But sales have increased 50%. Its share price is up 200%. It is obvious that they get this social digital web.


The department store Myer on the other hand has invested very little in its digital presence and assets over the last two years in comparison. Its sales are flat and the share price is down 50%.Which one would you invest in? Is business extinction a real possibility for one of them?....

Jeff Domansky's insight:

There is a seismic shift in how a business should be evolving today. Here are the 11 things you should be investing in right now to grow your business online.

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How Alibaba Could Disrupt Amazon In The U.S.

How Alibaba Could Disrupt Amazon In The U.S. | Public Relations & Social Marketing Insight | Scoop.it

It has to woo overlooked small retailers in the same way a disruptive technology needs to cater to developers.


Chinese e-commerce giant Alibaba has gotten lots of attention thanks to its pending multi-billion-dollar U.S. IPO. It seems to have no immediate plans to expand in the U.S.—but that's likely just a matter of time. And when it does, Amazon had better watch out, because Alibaba has a host of ready allies: the legions of mom-and-pop retailers that Amazon has left stranded in its wake.


Let's start with some background from Alibaba's perspective. The company controls 80% of the Chinese e-commerce market, which means it needs new markets in order to grow. Its current model—acting as an e-commerce middleman that connects buyers and sellers—might translate well to some big emerging markets, but Alibaba will need to take a more subtle approach in America for three reasons...

Jeff Domansky's insight:

In the medium to long term this is an online retail game changer! Essential reading for retail, marketing and social marketing pros. 9/10

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Is Your Store Ready for Tomorrow's Customer? | Alain Thys

Is Your Store Ready for Tomorrow's Customer? | Alain Thys | Public Relations & Social Marketing Insight | Scoop.it

By now you probably got the memo that the population in Europe is growing older. That the opening of borders is causing people to migrate. That consumers are using the internet and their mobile phones to make sure they get the best deal possible.

Jeff Domansky's insight:

Retailers and small business will get several useful strategies from this slideshow presentation by Alain Thys.

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The 4 Things Successful Retailers Know About Today’s Consumer | PROFITguide.com

The 4 Things Successful Retailers Know About Today’s Consumer | PROFITguide.com | Public Relations & Social Marketing Insight | Scoop.it

Shoppers today aren’t just pleased to shop with retailers who offer several ways to buy stuff—they expect it. In fact, former nice-to-haves (like an easy-to-access storefront, a ecommerce-enabled website and a mobile shopping app) are now becoming table stakes for Canadian store operators.


This is one of the key takeaways of a new survey of retail expectations conducted by PwC.


The survey polled more than 15,000 consumers (located in Canada and around the world)  to get a sense of what, exactly, today’s shopper wants when opening his or her wallet. According to a report detailing the research, “the bar is now much higher for retailers with world-class aspirations.”


This is not exactly news to any retailer struggling to compete in 2014. Changing customer expectations have made it extremely difficult for store operators—especially independents—to thrive. So, what is the solution? In PwC’s view, “a new approach is needed, and retail customers are pointing the way.”


Here are the four key things PwC believes consumers want today—and some tips on how your business can adapt to them....

Jeff Domansky's insight:

New report identifies the changing shopping behaviour of Canadians—and suggests how retailers can adapt.

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How Social Media Is Changing Customer Service (And Why Big Brands Must Try Harder) | AllTwitter

How Social Media Is Changing Customer Service (And Why Big Brands Must Try Harder) | AllTwitter | Public Relations & Social Marketing Insight | Scoop.it

What do you do when you have a problem with a brand’s product or service?You go online, right?


You’re not alone. Close to six in ten (57 percent) of customers search for a solution online before taking any further action, and they’re increasingly reaching for a brand’s social media outposts. Almost half of social media users (47 percent) have received customer care on a channel such as Twitter or Facebook, and 37 percent now prefer customer service through social media rather than by telephone.


But brands still have work to do. While 80 percent of Twitter users expect a response to a consumer service enquiry within a day, just 40 percent of tweets to the 25 largest online retailers are answered within 24 hours, and many are ignored altogether....

Jeff Domansky's insight:

More challenges ahead for businesses hoping to deliver "social service" online. Consumer expectations for instant service online are growing exponentially. Not many businesses will be able to deliver consistently and then the online fireworks will start. 

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