Omnichannel shopping. If you’re in FMCG marketing and believe that “online is a ‘future’ factor”, you’re already wayyyyyy behind, according to Nielsen.
http://www.nielsen.com/us/en/insights/news/2017/us-fmcg-trends-to-watch-in-2018.html
Omnichannel shopping. If you’re in FMCG marketing and believe that “online is a ‘future’ factor”, you’re already wayyyyyy behind, according to Nielsen.
http://www.nielsen.com/us/en/insights/news/2017/us-fmcg-trends-to-watch-in-2018.html
Posted in Uncategorised
Tagged CPG, ecommerce, FMCG, omnichannel, online, Retail, Steven Litt, StrategySteven
This is good! http://business.financialpost.com/news/retail-marketing/luvabella-is-this-the-hottest-toy-of-2018
A fine article & video illustrate how Spinmaster Toys puts itself in a position to be ‘lucky’.
Years of work, and many iterations, to create the next ‘overnight sensation’. (Hmmm – that sure is poetic, or perhaps just pathetic).
This also gives tons of practical insight into the New Product Development process, eg the iterations of development, costing & cost-optimizing at stage 1,and stage 2 and stage 3 etc; their inspired choices for R&D input for a doll (Mimes! Puppeteers!); and even their thoughts on estimating market size & growth (MRK200 students should def observe 6:00 to 6:33).
Enjoy, baby!
Steven
Posted in Uncategorised
Tagged Marketing Research, NewProductDevelopment, R&D, research, spinmaster, Stevenlitt, strategy, StrategySteven, toy, Trend
According to updates from RetailWire, Amazon ‘Key’ delivery service aims to offer:
Should be interesting to check in on its acceptance and return customer rate.
Posted in Uncategorised
Tagged amazon, channels, delivery, etail, Retail, StrategySteven
Worth reading: a fine article by Canadian Grocer on shopper trends:
If you view my upcoming videos or have had me as Instructor in Applied Marketing Research, you will know I warn ppl against putting too much faith in respondent survey data on topics that I refer to as Survey Sirens. One of those is ‘eco-intent’.
First- TRIVIA TEST! In what year did a nationwide USA CPG brand first launch a national eco-responsible line extension? Was it …2005? 1999? 1995?
Would you believe… 1990? John Cook, Mitch Gumma, John DePaolis, Marie Blomquist, Mike Ziemke- and I- were on Kimberly-Clark’s brand team, with tons of logistics help to coordinate 5 manufacturing facilities to source, qualify, test, contract, QA verify and – eventually – launch Hi-DriTM Recycled Paper Towels. It was an awesome adventure, and an awesome succcess. Consumers actually paid slightly MORE PER ROLL to do the right thing.
Until 1996.
Oh yes, the recession. When it hit, the same consumers would still claim to want to do the right thing- but they looked after the household first- and pennies were pennies! Hi-Dri Recycled retreated as mightily as it began.
The Moral: Don’t always believe Consumer Intent scores about eco-solutions. Intending is not the same as Acting. Intent does not always lead to Acting. Survey respondents may answer optimistically; it validates a more pleasing self-image. And the time gaps & psychological gaps between filling out an at-home survey, and when they see the options in store at shelf – can be vast! Lots of time for cognitive dissonance- ie to escape your own self-commitment!
So it’s delightful to see savvy USA Retailers tighten that time gap & psychologcal leeway. Ahold’s Giant and Stop & Shop banners have installed powerful ‘eco-ranking’ Point-Of-Sale signage- No, sorry, even better, not ‘point of sale’, but ‘place of decision’- ie at the store shelf! Putting those eco-flags in your face, leaves you less room to wiggle out of your own commitment.
http://www.supermarketnews.com/sustainability/turning-ethical-shoppers-buyers
Ahold- you have earned my endless respect- and let me time travel a bit back to 1990 Wisconsin, to boot! Thanks!
Steven
Posted in Uncategorised
Tagged Ahold, eco-friendly surveys, Giant, Grocery, psychology, Retail, Stevenlitt, Stop & Shop, strategy, StrategySteven, survey sirens
Cool article reveals some shifts in Boomers through their offspring Generation Y. While Boomers are shopping online more, Gen Y members are increasingly shopping multiple physical stores in parts of the USA.
It’s wise not to assume too much about shoppers by age: eg avoid the trap of “old people will do/want this, and younger ppl will do/want this”; there are far better predictors of most shopper behaviours, than age.
SL
Posted in Uncategorised
Tagged behaviour, Boomers, Generation Y, online, Retail, shopper, steven, store, strategy, StrategySteven
Acquisitions – why do they happen? As an Industry guy involved in many takeovers (taking over, and taken over), I’ve seen many strategic reasons for an acquisition. Usually, there’s more than 1 reason in play. I’ve created a crude table (below) listing 17 key reasons.
This is another of those blog posts where I’d love it if industry colleagues would chip in some insights. Students eagerly await your wisdom!
Not shown here: a column describing ‘What Research Can Do’ in each scenario, so Acquisition decisions are made (and initial post-acquisition business moves are made) with greater wisdom. To see THAT column, you must be enrolled as a student at Seneca college – or be an industry partner to the college.
Membership – and paying it forward- has its privileges!
Steven

why acquire a company?
Posted in Uncategorised
Tagged acquisitions, growth, merger, rationale, research, Steven Litt, strategy, StrategySteven, takeover
A fine CSA article calls your attention to several trend-worthy #retail concepts.
http://www.chainstoreage.com/article/now-trending-eight-clicks-bricks-retailers-keep-eye
Feel free to make your own notes on which particular ‘macro’ trends are driving or supporting each of these retail concepts eg CSR (charitable or community involvement), transparency, authentication, customized, artisan or locally crafted, VIP treatment, etc.
If that challenge seems like too much work (or if you’re on a NoThinkingRequired sabbatical), then maybe this article will be less taxing; just two of the above listed trends are driving this new Roots foray:
Steven
Posted in Uncategorised
Tagged marketing, Retail, Steven Litt, strategy steven, Trends
cool L.A. Times article (link below); Millennials are resisting ‘mass targeted’ gyms & fitness activities. As per Chris Anderson’s astute and visionary The Long Tail, more customized fitness ‘experiences’ are imo going to be the fitness trend, beyond Millennials, too!
http://www.latimes.com/business/la-fi-boutique-fitness-20170823-story.html
Enjoy!
Steven
Posted in Uncategorised
Tagged demographics, fitness, marketing, Steven Litt, strategy steven, Trend
When is a copycat product ‘inspired’ by your proprietary design and trademarks a threat ? When is it a…. partnership opportunity????
Usually the news that your brand is being copied signals the entry of another ‘low-life copycat ripoff’.
Adidas’ actions show there’s room for distinction between types of copycats. imo that makes sense; low-cost options undercut the consumer & constitute a BIG VOLUME threat that must be met with hard, fast litigation.
But an upscale ‘homage’ to your brand ? Not much of a volume threat certainly, and, in fact, kind of a respectful nod. Enjoy this soulful story.
SL
Posted in Uncategorised
Tagged adidas, brand, copycat, marketing, Stevenlitt, StrategySteven, trademark