Dyson to set up shop in the U.S.
The British brand best known for its bagless vacuum cleaners, bladeless fans and, most recently, high-tech hair-dryers is expanding its fledgling retail portfolio.
Dyson Ltd. will open a "Dyson Demo" store this fall at Yorkdale Shopping Centre in Toronto. Also in the works: a store at 640 Fifth Avenue in Manhattan, and one in San Francisco's Union Square.
Dyson has been exploring different ways to allow consumers to see, and interact with, its growing line-up of products. In August, it launched a partnership with Best Buy, opening in-store shops in some 90 Best Buy stores.
In July 2016, Dyson debuted its Dyson Demo freestanding store concept in London. The sleek, futuristic-looking space, on Oxford Street, is designed to allow shoppers to see and test Dyson’s complete line of products. It also has 64 different dust/dirt samples and four floor surfaces available on which customers can to test vacuum cleaners. The store features a salon-like area where shoppers can have their hair dried and styled with the company’s latest invention: the “Supersonic” hairdryer.
“We think it’s important that people can experience our technology, can see and understand the inside of our technology,” Dyson CEO Max Conze told The Telegraph. “Our products have to be so good that if you try it you intuitively understand it.”
Click here to see photos of the London store.
Toronto in Canada
Just want to point out that Toronto and Yorkdale mall are in Toronto, Ontario, Canada. Not the US.
Chute Gerdeman acquired
Retail design firm Chute Gerdeman has been acquired by FCB (Foote, Cone & Belding) Chicago, part of the Interpublic Group of Companies.
The Columbus, Ohio-based Chute Gerdeman will now align with FCB/RED, the company's retail and shopper marketing division, to deliver full omnichannel retail marketing and connected physical branded experiences.
FCB/RED provides expertise in retail marketing, branded content and experiences, activation and digital. It has often worked with third-party teams to provide full store environmental design scale and build out. Chute Gerdeman, with a core competency in the retail and restaurant categories, fills this space in FCB/RED's offerings. The newly expanded retail and shopper marketing division will be led by Tina Manikas, president of FCB/RED.
"Creating Chute Gerdeman and growing the company has been my life's work," said Denny Gerdeman, co-founder and chairman of Chute Gerdeman. "The people here have been essential to its success and I owe it to them to ensure a path forward. FCB/RED acquiring Chute Gerdeman creates a way to do just that. This is an opportunity for our team to expand their already vast retail and restaurant knowledge all while exposing them to new methods of strategy and design."
Chute Gerdeman will retain its name and Columbus office, as well as its full complement of strategic, creative and implementation teams.
"This partnership will allow for more opportunities to effectively and proactively engage and solve the challenges of retail today," said Brian Shafley, CEO, Chute Gerdeman. "Chute Gerdeman's proven ability to deliver best-in-class physical experiences connecting with shoppers corresponds perfectly with FCB/RED's shopper marketing and insights expertise."
The acquisition highlights the evolution of today's retail industry and the value in offering an end-to-end retail solution for companies with a brick-and-mortar presence. As brick-and-mortar retail continues to merge with online experiences, customers are still visiting physical locations on their path to purchase, often finalizing their retail transactions in store as opposed to online.
FCB/RED is the global, shopper-first brand agency of FCB, a fully integrated marketing communications agency that has more than 8,000 employees in 120 offices in 80 countries.
No comments found
Retail Revolutionized: Three ways to profit from artificial intelligence
Whether we’re receiving coupons based on our spending, or product suggestions based on other people’s spending, artificial intelligence (AI) is transforming how consumers shop and experience brands. For retailers, meanwhile, AI could increase profits by almost 60%1. It could be a game-changer in this labor-intensive sector, augmenting the workforce and enabling employees to become more productive.
Some retailers already recognize ways for AI to complement their human workforce and boost profits. Stitch Fix is a clothing retailer that combines the expertise of fashion stylists with algorithms that analyze unstructured consumer data to deliver hand-picked items based on their preferences2. Another forward-thinking fashion company is Original Stitch, which deploys AI to analyze customers’ photographs of their favorite shirts before custom-tailoring and delivering a brand-new piece of clothing3.
Yet some retailers are hesitant about AI, and unsure how they can keep up to speed with the technology – let alone make the most of it. We have identified three ways for these retailers to revolutionize the retail experience using AI.
1. Understand the consumer
AI allows companies to find out more about how customers behave and what they want, giving them confidence that they are stocking the right products, targeting them at the right consumers, and building the right loyalty programs.
The data they gather from their Web and mobile channels already enables online retailers to develop more detailed and accurate customer profiles. But this sort of insight does not have to be exclusively Web-based: physical retailers could use AI technology to learn about customer activity as they walk around stores. Which displays do customers linger over? Which products do they take off the shelves but then decide not to buy? This sort of data will tell retailers when, where and how to nudge customers toward purchases, and give them the insights they need to improve the customer experience.
2. Guide them to what they want – and don’t know they want
Similarly, retailers can use AI to make it easier for customers to find what they are looking for – and, crucially, help them find things they don’t yet know they want.
This is especially valuable for the largest online brands, with their vast range of products. Consumers who feel overwhelmed by the sheer quantity of items will go elsewhere, so retailers that can guide customers in the right direction have a serious competitive advantage. And it is the online retailers that were first to recognize the value of nudging customers toward further purchases by using machine learning to anticipate their needs.
Used sensitively, AI makes customers feel that retailers understand what they want. Progressive retailers are already using AI to provide more sophisticated online recommendations, but they are also looking into tailoring the homepage to each user so they are presented with the items they desire most.
Consumers already know that the adverts they see online are personalized to them; Google uses AI to tailor its search results for individual users; and some online retailers use structured data to adapt what they show customers according to what they have searched for in the past. What is stopping retailers from customizing each person’s experience of the entire site?
3. Knock their socks off
Online shopping impresses customers with its ease and efficiency. As AI makes online shopping easier, customers are less likely to go to stores for commodity products such as laundry detergent. But as far as providing memorable experiences goes, physical stores have the upper hand. So, this is the time to start exploring how to use AI to dazzle customers.
Grocery retailer Coop Italia is a great example. Customers can simply wave a hand over a box of grapes to see nutritional and provenance information on a raised monitor. It also uses “vertical shelving”: touch applications that enable customers to search for other products and find out about related products, promotions, and even waste-disposal4. At some Neiman Marcus department stores, meanwhile, customers can try out a “memory mirror” – a virtual dressing room to compare outfits, see them from 360 degrees and share video clips with friends5.
With so many of us consulting our phones while we shop – to read reviews and research product information – it is only a matter of time before retailers answer these queries on the shop floor, using bots. AI lets them carry out multidimensional conversations with customers through text-based chats, spoken conversations, gestures and even virtual reality.
This is not hype. AI advances have already given some retailers increased customer loyalty and higher profits. Now retailers have the opportunity to boost their profits further by using AI alongside the human workforce – producing even greater efficiencies, and truly revolutionizing the in-store experience.
Jill Standish is senior managing director of retail at Accenture.
No comments found