2. 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
3. Store Layout
Pharmacy
Produce
Sporting Goods
Health & Beauty
Electronics
Starbucks
See Spot Save
5. Re-Branding Target Owned
Brands
Move towards Target-associated brands
Guests may not associate Up & Up
Potential to gain brand loyalty
6. Campus Marketing
Strategies
Partnership with athletic departments
Offering unique apparel
Sponsorship/Promotions
Bus shuttle system
Community Service on Campus
7. RedCard
Establishing Credit
Credit/Debit options
Building loyalty
96% of consumers will search for mobile coupons in 2015
8. 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
9. Potential of Target Express
Over 4,000 universities in US
Unsaturated RedCard & Cartwheel market
New initiated promotions
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?
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.
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
TARIK
Get deep, drive us home.
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?
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
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