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Drew Gaczewski
Tarik Kaddouri
Daran Xu
Sean McEvoy
Who are the Millennials?
 30% of all retail sales (Times)
 81% spent in brick & mortar
 60% described as brand loyal
 Average 5-6k annual spending
Store Layout
 Pharmacy
 Produce
 Sporting Goods
 Health & Beauty
 Electronics
 Starbucks
 See Spot Save
Wellness Opportunities
 Gluten-Free section
 Sourcing from local farms
 Specialized Team Member
 iPad healthy meal planning
Re-Branding Target Owned
Brands
 Move towards Target-associated brands
 Guests may not associate Up & Up
 Potential to gain brand loyalty
Campus Marketing
Strategies
 Partnership with athletic departments
 Offering unique apparel
 Sponsorship/Promotions
 Bus shuttle system
 Community Service on Campus
RedCard
 Establishing Credit
 Credit/Debit options
 Building loyalty
 96% of consumers will search for mobile coupons in 2015
Marketing Cartwheel
 Social media advertising (Youtube, Pandora)
 In-store marketing
 Check lane end caps with cartwheel exclusive
 Cartwheel signing (benefit-driven)
 Educating team members
 Word of Mouth
Potential of Target Express
 Over 4,000 universities in US
 Unsaturated RedCard & Cartwheel market
 New initiated promotions
Q&A

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Target Case

Editor's Notes

  1. DARREN
  2. DARREN State Definition (years) Why do we have to treat them differently? Targeted differently? Brand loyalty – the sooner the better. Future moms. According to a Forbes article: Studies show Millennaiis prefer authenticity over content -This means what?
  3. DREW Pharmacy: Average pharmacy customer spends $2100 annually (RedCard customer = $1400) Not many other pharmacy options. Gets guests in the store on a regular basis Grocery: Close to housing, variety to dining options, When where and how you want it Sporting Goods: C9 Opportunity, Nike? Better quality Electronics: TVs, gaming, Phones. Low margin items, sell attachments Starbucks: College kids love it SSS: Drive sales by increasing basket size and items. Makes it seem as its okay to buy more items.
  4. DREW Gluten free snacks =163% increase from 2012-2014. 2.8B Specialized Team Member: trained in nutrition consultation (engage & educate) iPad: scan items and recommended recipes appear
  5. TARIK Get deep, drive us home.
  6. TARIK Talk up the brand… Create an ambiance, create shirts to get people interested, exclusivity. In store apparel Signs in Stadium Promotions: Half court shot? What’s the one aspect that overarches students… we found that sports do it doe CS Bus,, weekly? Daily?
  7. SEAN Establishing credit: biggest point. College kids looking to establish credit for the first time. Easier to apply for store cards as compared to credit companies Credit/debit options allow flexibility Building loyalty: Saving 5% every time. Recurring guests become the future Target guests! GOAL (Mobile) commercial daily– 96% 63% of 18-29 year olds currently do not have a credit card
  8. SEAN 2.8 Billion coupons were redeemed 2014 YouTube: regular ads, or pay famous bloggers to review app Signing on items should display app icon, and explain benefits Educating team members so they are able to easily explain to guests
  9. DREW Close baby