Posts tagged: Retail

Neuro-Marketing through FMRI and NAcc

By , May 30, 2013 10:47 am

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It’s a brave new world we are seeing and must work within. As an evolving story, we have to consider how online advertising will be affecting the consumer’s brain? Neuro-marketing research is already investigating the effect online neuro-marketing will have on our brains in the current and evolving Internet/PDA world.

As we have recently discussed in a previous blog, researchers have learned that when the consumer first receives a message, it hits a section of the brain called the Nucleus Accumbens (NAcc). This is the reward/punishment, pleasure/pain “headquarters” of the brain. By evaluating the amount of activity in such demarcated brain areas, the prefrontal cortex and the insula, neuro-marketing’s use of FMRI (Functional Magnetic Resonance Imaging) is working on a process to foresee how a consumer makes shopping decisions. For example, if the NAcc indicates a positive desire response from a brand message over a more negative doubt response –“Should I be spending money?” then the pre-frontal cortex could believe that it is getting a great deal and making a wise choice (such as better prices, bonuses, and other personal satisfactions).

NeuroMarketing

Drawing by Art Winters

Neuro-marketers are seeing the possibilities of using FMRI to examine and better understand the workings of consumers’ brains.
With this new knowledge they hope to develop new ways to initiate and stimulate consumer wants and needs. Don’t forget that it has always been marketing’s purpose to stimulate the consumer’s cravings and increase AIDA: attention, interest, desire and action.

If this concept makes you feel queasy, what kind of debate might occur if companies/brands have more invasive ways to communicate to and influence consumers in how to respond to a brand’s image, its brand story, and its brand positioning for superiority???

What kind of society will develop if this becomes the normal practice rather than a seemingly science fiction prediction?

OMG – What’s Next??? We may not be LOL’ing for long…….

 

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.

FIT’s 5th Annual Pet Fashion Show: BARK-à-Porter

By , April 25, 2013 12:20 pm
BARK 2013 logo

Showcasing past enrolled and current adult student pet product designs. See our doggie models strut the runway in true fashionista style. BARK-à-Porter is also a charitable endeavor, held in partnership with the New York City Mayor’s Alliance and Animal Care and Control of NYC. We promise an experience worthy of market week in Paris.

Get your tickets before they sell out!

Date: May 3, Friday
Time: 5:30pm-7:00pm
Location: Katie Murphy Amphitheater

Tickets: www.fitnyc.edu/BARK

Watch videos of previous shows: https://www.youtube.com/user/FITProfStudies

Follow us on Facebook: https://www.facebook.com/BARKPetFashion

Licensing Class

By , April 24, 2013 1:34 pm

Great line-up of expert speakers for my licensing class which starts tomorrow!

Licensing is a great source of primary or additional income for your product(s).  Learn the basics about how to navigate the world of licensing in four weeks!  And get the lowdown from people who live licensing!

My guest speakers this term will be:

David Kalow – An Intellectual Property attorney with fashion product experience
Arnold Burstein – A Licensing Agent who knows all the in’s and out’s of the licensing world and is the Chair of the NY Chapter of the Licensing Executives Society
Serena Godwin – Licensing Manager, Natori and (surprise guest speaker?)
Nathan Fleisig – An FIT faculty who specializes in licensing names and products
Outerstuff:  Director of Licensee Global Social Compliance, and an FIT faculty member.

It’s not too late to register!
CEO 035 (55A) Licensing
Thurs., April 25, May 2, 9, 16
6:20-9:10pm

 

Sandra Holtzman teaches CEO 035: Licensing.
She is the author of Lies Startups Tell Themselves to Avoid Marketing.

TIME TO THINK visCOMual

By , March 28, 2013 11:05 am

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Fashion advertising has always been more visual than verbal, which may play into its favor in the current, highly visCOMual marketing environment. We are seeing a trend in this mega-media environment for marketers to be involved in a heightened sense and use of visual literacy, visual thinking, visual perception and visual communications.

It has been our practice in our teaching and in our marketing and brand consulting to stimulate thinking by refashioning some of the terminology. It is our way of encouraging our own team and other participants to stop, think and apply the concept being presented through a new and different term such as visCOMual.

As in this case with visCOMual, we have noticed the need for more arresting visual communications in our digital, instant messaging world. To emphasize the importance of applying this to our clients’ branding messages, we created our own word for these innovative communications. Stop, think and recognize what is going on around you – what are you noticing about the visual communications you are encountering in your life? Even though the visualization of fashion has long left still-form, “proper” posing, as in the Levi’s ads of the 1950’s (seen here), to keep up with our own human evolution, there is certainly a need for the creation of effective matrices for this newly defined visCOMual process.

2 Levi's 1950's ads

1950’s Levi’s version of visual communications is “proper posing”

The visual literacy process can present fashion modeling with language as unique as the product design. There are advertising/brand managers and catwalk directors who are working on nonverbal languages of their own. Their intent is to grab attention with this new imaging language and visual meaning newly applied to their brands. They may now create a mind’s eye matrix for visCOMual that correlates visually with elements that are: emotional, rational, imaging, associative, symbolic and/or cultural, as in the Levi’s ad of today. The goals are to engage the customer’s seeing eye, the cultural eye that perceives the inner-mind or “my-style” eye, and/or creates a video-eye that records in the must-have, shopping mind.

2 current Levi ads

2013 Levi’s visCOMual – new-world posing and connecting with the Levi’s customer of today…

The positioning of visual communications for designers, brands and retailers is to encourage additional purposes for our ever growing and changing technologies. We are all working to create new areas of communication that can provide: product information—knowledge, self-design aspiration, increased meanings, and unique expression in our new visCOMual languages…

Think VISCOMUAL by Art Winters

Drawing by Art Winters

What strikes your mind’s eye?

 

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.

Curvaceous K

By , February 25, 2013 11:09 am

Congratulations to our Retail Professional Development
Certificate student’s Grand Opening!

Who:
Kathy Sanchez

Certificate Program:
Retail Management Experience

What:
Curvaceous K

Where:
Curvaceous K
179 Stanton Street (between Clinton and Attorney Streets)
http://curvaceousk.com
http://curvaceousk.blogspot.com

Why:
I wanted to provide women my size with the opportunity to shop in a boutique especially for them as most boutiques really only cater to about size 10/12.

Stop marketing, and you’ll see a change

By , February 9, 2013 10:10 am

We’re usually so busy trying to get started in marketing that we tend to forget that once we start, we need to continue. What happens if we don’t?

Today’s guest blogger,  Aruna Inalsingh (http://www.animarketingservice.com/) provides some insight into marketing, measurements and meltdowns of the corporate variety.  Aruna is President and Found of Ani Marketing Services Ani Marketing Service, and has years of experience providing strategic marketing solutions for a wide  range of companies, products, and services, starting their new programs and improving their existing ones.

“As a career marketer, one of the most common client requests is for a direct correlation between marketing investments and business revenues.  The reality is that it is indeed hard to quantify direct success from marketing programs.  Although with digital media, it’s getting easier, as you can track the number of followers, visitors, clicks, and online sales– especially if you don’t have any brick and mortar stores.  Furthermore, it is true that marketing takes time, resources, and/or money – ask Walmart’s CFO, Charles Holley!

That being said, here’s a story we like to tell about the value of marketing, which is exemplary of scientific proofs where you cannot prove if something is true, but you can prove if something is not true:
Seiko Watches was founded in 1881.  They were a strong believer in marketing, and with an ongoing commitment to invest in company promotion, within a short amount of time they developed a solid reputation for affordable and reliable watches. Seiko had a monopoly on this market until 1930, when Citizen Watches was established. Citizen wanted to be the Pepsi to the Coca-Cola, if you will. Citizen proceeded to invest as much money in marketing, if not more than Seiko, to achieve a similar brand recognition (and revenue stream). It never happened … until 2008. The global financial crisis in 2008 hit everyone hard. Seiko and Citizen had to make strategic decisions. Seiko decided its brand was strong enough to temporarily sustain itself with a skeletal marketing staff, and Citizens decided to maintain as much of its marketing program as possible, in context of its diminishing budget. In 2010, when Seiko was ready to re-invest in its marketing program, initial research showed that the consumer market thought Seiko had gone out of business and therefore had turned to Citizen as the market leader. It took 2 years of marketing withdrawal to ruin the 127 year old Seiko watch dynasty. Today Citizen has a similar brand and market value to Seiko.”

 

Sandra Holtzman teaches CEO 035: Licensing.
She is the author of Lies Startups Tell Themselves to Avoid Marketing.

Brand MarkETing… No More Brand Marking!

By , January 31, 2013 12:06 pm

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Brand MarkETing

Are we seeing Trans-Planetary Brand MarkETing in our digitized mobile economy? Drawing by Arthur Winters

So what is the difference between brand marking and markETing?

In the past, branding was initially a way of marking or identifying a brand as in marking a rancher’s cattle with a branding iron. As time went on, logos were developed to mark and establish an identity for companies, products and services. More recently in our digitized world, brand managers must bring an ET — Extra-Terrestrial or more likely, an Essential Technology element to their branding. Bringing a more advanced brand marking to their brand markETing.

In the past few years, many customers have felt more of a divide between what they want and what brands offer. Brands that have a vision of what the customer really wants make the most of what their customers value and enjoy. In addition, the customer is increasingly aware of their involvement in product development in their role as “prosumer.”  We see an increase in the desire for personalization from and customization of products, services and experiences.

To satisfy their new brand expectations, customers are moving rapidly to shopping with online retailers. Retailer brands will have to explore more UC, Unified Communications, that include retail pop-up stores and departments similar to Amazon.com and kiosks for brand offers similar to Groupon.com. UC strategies will be created that involve real voice (as opposed to electronic menus) responses to customers’ demands for personal attention and customization.

Strong brands that fulfilled customer expectations in the past may diminish, as many consumers are no longer loyal to brands they perceive as category leaders. As always, Brand Managers have to create strategies that convert consumers into customers. The hard work is now in creating an innovative presentation of relevant and much desired brand attributes for the most effective brand positioning. Some brands are creating differences that are being told through their brand story. A compelling brand story and the brand’s history can be delivered to better sell the brand’s positioning assets, differences, and superiority.

So we find content and technology merging in new ways. Consumers may now depend on apps that provide applications to personally bring to mind brand differences and values. These can be inspired by knowledge of their singular profiles and their current desires. And right up there in ET brand positioning is the brand manager’s awareness of their customers who are not really engaged. Previous paradigms for customer-engagement may no longer be effective and customer experiences, CX, that are no longer current in today’s retail marketing, will need to adjust and innovate like never before!

Next, brands will rely more and more on VOC (Voice of customer), innovative interactions with customers and encourage buying recommended by their friends via social media. Successful brands will acquire more knowledge about operations involved in a consumer-run world. As we have mentioned previously, PDA’s/mobiles employed by consumers will dramatically increase. Consumers will be scanning their own screens to connect with a brand, and perhaps, influence their buying. A brand will need to unify all of its messaging and specifically its advertising that is designed for the mobile customer. This may include new screen-oriented techniques for these new retail venues. Google made over $20 billion in ad revenues this year, more than all U.S. print media combined!

We suggest the oft-quoted phrase: “The Future is NOW” — might apply.
What do you think?

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.

RETAILOR-MADE… CUSTOMIZED CUSTOMER EXPERIENCES THROUGH MOBILE ENGAGEMENTS

By , December 27, 2012 6:09 pm

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RETAILORS might remember, as we have often suggested, to make their brand management an ongoing process of reinventing customer experiences and providing more personalized mobile engagements. For retailors, their creative strategies must now be based on their target customers’ own positioning of their most relevant attributes, differences and behaviors. Customers’ self-brand perceptions rely on their omni-present sources of contact, information and cultural sharing. The concept of “everywhereness” is a current zeitgeist in the mobile world, as exhibited in the Tracfone Everywhereness commercials.

Retail innovations by leading retailers mandate that all their strategic planning is a brand retailoring that evolves from their study of the current evolution of our species, technologically. Quickly gone is the concept of the physical “retail store” as a shopping destination or necessity. Struggling to remain relevant is the mission, “should you choose to accept it.” We hope it will not be a “Mission Impossible.”

Drawing by Art Winters

There is no doubt that mobile is now a bio-digital part of the customer, aka 21st Century Human. For example, living within all the “everywhereness,” retailors must consider that there is a stronger customer’s need for individuality, as exhibited through an interest in fashion tailor-mades or bespoke products – from clothing and accessories to automobiles. Mobile customers are quickly adopting and increasing their mobile “self-styling” options. Changing their shopping behavior more readily than those who are store-only shoppers. Retailors are building their “everywhereness” opportunities to attract more customers with new personalized mobile apps and interactive options.

Inevitably, retailers have to consider “showrooming” as a challenge. How should they strategically respond to this use of their physical store as a showroom and the Internet sites as the P.O.S.? Certainly the retailor is actively working to provide targeted CX (Customer Experiences) that offer personalized mobile and in-store service and incentives that would also advance their NPS (Net Promoter Score). Also, brand managers should be creating new, innovative, and more customer interaction options for their ever-changing loyalty programs and tailor-made offerings. The retailor must realize that since mobile technology enables the customer to shop many stores on their own time, from wherever they choose, it is time to get creative and inventive. Work at brand “relate-ability” with self-visualizations of value and helpful relevant touch points for the customer’s tailor-made desires.

Our thought is: “If retailers want to be anywhere, they must now be everywhere.”

 

Arthur & Peggy Winters co-teach SXB 200 Brand Marketing Communications for Image & Meaning and SXR 050 Intro to Branding: The Art of Customer Bonding.

Preppy Class Pinterest Winner

By , December 19, 2012 12:57 pm

50 Shades of Prep
Postponed due to Sandy, the program was held on December 1. The morning interview and discussion featuring G. Bruce Boyer, acclaimed menswear journalist and Celebrity Stylist, Cliff Hoppus was a treasure trove of information and having Bruce take the group through the Ivy Style exhibition really added insight into the show,  as well as this style of dress that has been America’s gift to the world  of dressing starting in the 1920’s , particularly in menswear.

G Bruce Boyer and Cliff Hoppus

The winner from the Preppy Pinterest contest was announced during the lunch break. It was hard to choose a winner, but in the end, Gerardo Giannetti won! See his Preppy Lifestyle board below. Gerardo Giannetti Pinterest winning entry

The afternoon trips included the new Brooks Bros. concept store “Flatiron” where the manager  Anne Alcocer  gave a welcome and talked about the Brooks strategy to attract a younger customer in addition to their loyal following in their traditional stores.  The store at 19th and Broadway is a treat to visit. The next stop was the iconic flagship Brooks Bros. Store at 44th and Madison for an insightful comparison.  Ronald Ferguson, concierge gave an escorted tour of several floors and made sure that we also got a look at both the women’s and children’s  clothing – all just beautiful.

The next stop was Paul Stuart where Mona Reilly  greeted our group and gave the background info on this still privately owned  civilized  and warm luxury store.  One of the highlights of the day was provided by Ralph Auriemma, designer for Paul Stuart and specifically for their upscale Phineas Cole line. Ralph was on hand to talk to us about the designer aspects of the business and how he got started and works today.  After a quick run through J. Press up the street,  the program wrapped up with a personal tour by  Douglas Geller at Gant on 5th Ave with a great assortment of men’s women’s and kid’s, once again underscoring the morning message that prep is really a lifestyle.

Our attendees thought the program was amazing  and were thrilled that we spent so much time on men’s and we promised to cover the men’s business more fully in the future.  We thank all the retailers who welcomed us, in spite of the fact that Christmas business was going on.

Preppy Talk & Tour

Don’t forget to check out the exhibit before it closes!!

EXHIBITION: IVY STYLE
Through January 5

Special Exhibitions Gallery, The Museum at FIT
The evolution of Ivy League fashion is featured in this exhibition, focusing on three important time periods: the interwar years of the 1920s and 1930s, the post-war era to the end of the 1960s, and the style’s revival from the 1980s to the present. Looks created by companies such as J. Press and Brooks Brothers as well as contemporary interpretations of the style from Ralph Lauren and Tommy Hilfiger are on view.

 

Saying It Right, Makes Customers Experience It Right

By , December 8, 2012 8:12 am
Image provided by Shutterstock http://www.shutterstock.com

Image provided by Shutterstock http://www.shutterstock.com

Everyone is stressed this holiday season.  The opportunity is ripe for both shoppers and store personnel to be rude and abusive (particularly when stores hire part time or seasonal help who haven’t been properly trained).  But there’s a very simple way to break out of this cycle and turn a potentially bad experience into a memorable one – which is something we all want. Michael Hess has a great post on CBS News Moneywatch about how you say something during the holiday season being crucial to creating a good customer experience.  Here’s one example he gives:

Say this: “Let me help you with that” or “How can I help you?”
Not this: “You need help?”

This is great advice not only for the holidays but every day.  And this practice can be used in writing business documents, such as business plans as well.  For instance,

Don’t say this:  “Our sales goal was to increase business 40% this year but we only made it to 15%”.
Say this:  “We increased business 15% this year and are working towards a 40% sales goal.”

The second phrasing puts a positive spin on the situation. Just as importantly, it tells the reader that you are in control of your business or situation.  The reader, particularly an investor, is going to look more favorably upon this positively stated situation.
In the long run, this kind of speaking can change the way you think towards a more positive outlook in general.

For other examples, check out the link to the blog.

http://www.cbsnews.com/8301-505143_162-57556281/good-service-language-makes-for-happier-holidays/?tag=nl.e857&s_cid=e857

 

Sandra Holtzman teaches CEO 035: Licensing.
She is the author of Lies Startups Tell Themselves to Avoid Marketing.

 

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