Tuesday, April 12, 2016

Over. Not Over.


Why buy sunglasses at Walmart when there's Warby Parker?

Metrosexuals' buying habits mean retail giants are “overstored,” says The Washington Post.

Retail space, which mushroomed before the Great Recession, is growing at a pace slower than that of the US population, while retailers like Macy's and Jos. A. Bank shutter stores left and right.

But closing stores isn't the same as closing shop:


  • Walmart, for example, will close 269 stores this year; but it will also open 300 new stores; and spend billions on a new e-commerce operation. 
  • Williams-Sonoma and other specialty chains will aim for a "sweet spot" of around 250 stores, while drawing more sales from e-com. 
  • Chains like Burlington Coat Factory will chop not the number, but the size, of their stores, packing "the entire assortment in a smaller box." 
  • Staples will repurpose its real estate by adding shared office spaces to stores. 
  • Sears will sublet space to Nordstrom Rack and Dick’s Sporting Goods. 
As retail giants abandon shopping centers, nontraditional tenants like restaurants, gyms and health clinics will fill the space, according to analysts. 

European retailers will also begin to appear on the scene in large numbers.

HAT TIP: Michael Hatch led me to the Post article.

Monday, April 11, 2016

Big Data Meets Big Idea

J. Walter Thompson wondered whether big data could be assembled to paint "The Next Rembrandt" for client ING.

So a team of art historians, scientists, developers and analysts created scans of Rembrandt's 346 extant paintings and used a computer to catalog the data based on commonalities.

They then asked the computer to paint a Rembrandt.

The resulting portrait combines 160,000 fragments of the artist's oeuvre.


HAT TIP: Appraiser Todd Sigety alerted me to this story. 

Sunday, April 10, 2016

Hack vs. Hacker

Never mistake a hack for a hacker.

Unless she's evil, a hacker creates code.

A hack creates crap.

In general, a hack's a writer who produces undistinguished prose. (The opprobious name derives from hackney, a horse for hire.)

In marketing, a hack's a writer who's:
  • Passionate about content; immune to ideas.
  • Happy to plagiarize; put off by research.
  • Enamored of opinions; averse to facts.
  • Obsessed with quantity; indifferent to quality.
Foremost, a hack's a writer who chases eyeballs.

Speaking of quantity, Express Writers offers a useful hack: publish content of "ideal length."

I'll hack the info graphic. Here's the bottom line:
  • Write blog posts 2,000 words long; 
  • Write Facebook posts 40 characters long; 
  • Write Tweets 11 characters long; and 
  • Write Pinterest captions 200 characters long.

Your Ex-Spouse and Your Event Have Something in Common

April 14 marks the first-ever Global Meetings Industry Day.

The event-industry advocacy group Meetings Mean Business joins forces with the Convention Industry Council to celebrate meetings with rallies, proclamations and social media storms.

April 14 is also set aside for National Ex-Spouse Day, National Pecan Day, National Support Teen Literature Day and National Dolphin Day.

Busy day.

Saturday, April 9, 2016

10 Tips for Promoting Your Next Event

"Event marketers are used to doing a marketing task and crossing it off their list," says BrightBull director Ricardo Molina. "Social media isn’t like that unfortunately."

Social media takes perseverance to pay off.

Molina offers 10 tips to help you reach the finish line:

1. Start with influencers. Ask them to share their opinions on a topic or discuss what they're reading at the moment.

2. Focus on your audience’s pain. Forget about amassing followers, and focus instead on engaging people by publishing relevant content.

3. Tell a story bigger than your event. Tap into industry trends and news. People will register for your event because your finger's on the pulse.

4. Automate, but don't go on autopilot. Unless you're engaged in online conversations, you're faking it. "Automation can be a great time saver, but unless your technology is enabling you to build better relationships online as well as making your life easier, it's suspect," Molina says.

5. Blog. LinkedIn posts have only hours to work, Tweets only minutes. "Great blog posts deliver traffic for years."

6. Don’t expect influencers to help overnight. Results will take months, and come only if you stay on task.

7. Stick to one voice. Inconsistency detracts. "There's nothing weirder than talking to someone on social media and one day they're all informal and jokey and their next post is like a corporate jargon-athon."

8. Enlist your team. Do more with more. "Even if all they do is retweet or give you a bit of a generic back slap for your content, it all counts."

9. Make social media a habit. "Social media isn't an add on 'seasoning' to an event marketing plan," Molina says. You must make a serious effort.

10. Invite followers. Inform, intrigue, instigate, incent; and eschew all me-talk. "If all you do is go 'me, me, me' it's not going to be the shocker of the century when people stop listening," Molina says.
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