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Social Saturday
The more you share, the more you save.


University of Pennsylvania
Maeve Flynn, Alison Miller, Greg Reiner
Executive Summary
Making Shopping Social Again

 Millennials are not satisfied by current retail options for
  Black Friday shopping

 This creates an opportunity for Macy’s to develop a more
  convenient, fun, and social experience around both
  online and in-store Black Friday shopping for Millennials

 We are proposing an integrated marketing campaign
  involving a mobile app, online sales promotions, and in-
  store savings, communicated to Millennials through
  entirely digital channels

 Our campaign will drive Millennials to shop at Macy’s
  during Black Friday weekend 2013 and will reinforce
  Millennials’ perceptions that the Macy’s brand
  understands their needs
Millennials Desire a Different
Shopping Experience
 By 2017,Millennials will have more purchasing power than
  any generation has ever had
   Currently Millennials have $170 billion in purchasing power

 Hyper-social
   More than 3x more likely than Boomers to turn to social
    channels when looking for opinions about what to buy

 Endlessly curious about what others are doing, buying,
  and enjoying
   84% ofMillennialsreport thatuser-generated contenthas at least
    some influence on what they buy

 Less responsive to traditional advertising

 Desire brand engagement
     http://econsultancy.com/us/blog/8806-how-social-influences-millennials-shopping-decisions-infographic
No Brand Has Successfully
Tailored Black Friday to
Millennial Shoppers
 No retailer has bridged the gap between the
  social, online shopping experience and the in-
  store, brick-and-mortar Black Friday shopping
  experience

          Clicks Success                        Bricks Success                  Clicks & Bricks Success
    Fab.com: Sales                        Target: Won Mobile                   No One:
    conversion rate tripled               Marketer’s 2012 Mobile               Hugeopportunity for
    after implementation                  Commerce Program of                  Macy’s in 2013
    of ability to share and               the Year by allowing
    post photos of                        shoppersto scan top
    purchase history                      selling toys’ QR codes
                                          to order at a later date


   http://www.forbes.com/sites/ciocentral/2012/08/28/in-defense-of-social-shopping-driving-sales-and-loyalty/
   http://mashable.com/2012/10/05/target-qr-codes/
   https://corporate.target.com/discover/article/Target-awarded-mobile-commerce-program-of-the-year
Black Friday Does Not Meet
the Needs of Millennials
 The nature of Black Friday weakens incentives to visit
  brick-and-mortar stores as opposed to Macys.com

 Black Friday does not support the Millennial style of
  convenient, social shopping




                        Primary Research Millennials Study, February 2013 (N=44)
However, Millennials Do
Connect with the Macy’s
Brand
 The results yielded by our survey of Millennials on
  the Macy’s brand did not indicate any negative
  brand associations




                    Primary Research Millennials Study, February 2013 (N=44)
The Answer: Social Saturday
2013 at Macy’s
 Saturday, November 30th, 2013
 The more socialMillennialsmake their shopping,
  the better the discounts they receive
  Mobile app Our Macy’s released November 1st
  Online sales Friday, November 29th
  In-store social deals Saturday, November 30th
Millennials Can Be Reached
Through New Media
            Method of Brand                          Data Point                      Macy’s Targeting
        Influence on Millennials
       Smartphone apps                     3.62X more likely than the           Our Macy’s App
                                           average customer
       Recommendation or                   3.47X more likely than the           Our Macy’s App: Virtual
       information from blogs or           average customer                     Closet, Digital Ads, Social
       social networking sites                                                  Media Integration
       Recommendation from                 83% of Millennials                   Our Macy’s App: Social
       Facebook friend                                                          Closet, Digital Ads, Social
                                                                                Media Integration
       Digital advertising                 Average 6.0 brand lift for           Digital Ads, Social Media
                                           digital vs. 4.6 for TV;              Integration
                                           Millennials are the only
                                           generation to be more
                                           affected by digital than
                                           TV
http://www.comscore.com/Insights/Presentations_and_Whitepapers/2012/Next_Generation_Strategies_for_Advertising_to_Millennials
The Our Macy’s App:
Preparing for Social
Saturday
 Users can connect with one another to become
  “Macy’s Mates”

 Build-your-own Virtual Closet
   Virtual Closet can be public to all Our Macy’s users or
    only to a particular user’s Macy’s Mates
   Users select potential purchases and outfit
    combinations and can buy online and/or request
    feedback from Mates or other users
     “Must Have” & “Tell Me What You Think” racks
                                                               Our
                                                              Macy’s
     Mates can tell each other what they think by giving
       Stars to selections and outfit combinations
     Mates can choose to share Virtual Closet on social
       media sites or by email
The Our Macy’s App: In-
Store on Social Saturday
 Mates come to Macy’s together and check in at their
  store location

 Map of store and in-store GPS Mate locator

 Mates message forum
   After checking in, a group-wide message feed is created for all
    connected Mates to use
   Message forum has pre-programmed status updates to report
    shopping progress

 Photobooth
   Mates can take photos with custom Macy’s themed                    Our
    backgrounds and post them on social media
                                                                      Macy’s
   Photos are posted to in-store display screens in real time
   Macy’s discount awarded for making their photo public on
    social media
Friday, Save Yourself the
Stress: An Online Experience
 Offer Our Macy’s users larger online shopping discounts
  on Friday, November 29th
   Give customers store credit for making their online purchase
    history public on Our Macy’s
   Encourage Macy’s Mates to view each others’ wishlists to
    make the gift-purchasing process more convenient

 Use Friday’s online sales to then promote Saturday as a
  time to share the in-store shopping experience with friends
   Upon making an online purchase on Friday, users receive a
    discount code for Saturday in-store shopping
Social Saturday: In-Store
Deals & Experience
 Connected* Macy’s Mates receive discounts for
  checking into the store together
   The larger the group of connected* Macy’s Mates, the
    larger the savings

 Place additional tri-fold mirrors throughout stores
  and signage to remind customers to use
  photobooth feature of Our Macy’s app at mirrors
 Photobooth feature posts photos directly to in-store
  display screens and social media sites
 Display QR code on the racks of top selling items to
  allow customers to post potential purchases to
  social media or to save in their Our Macy’s Virtual
  Closets
                      *connected at least 1 hour prior to check in on Social Saturday
Macy’s Social Saturday
Campaign Will Lead with
Millennials
 Millennialsshop and interact with brands differently
  than other consumers have in the past

 Macy’s must develop a method to engage with
  Millennial customers to reflect an understanding of
  this unique consumer group

 Our campaign defines Black Friday weekend as a
  time for both online engagement and in-store
  shared experiences

 This will set Macy’s apart as the brand that
  continues to evolve in order to meet the needs of
  the changing American consumer
Thank you!

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Macy's 2013 Undergraduate Marketing Challenge

  • 1. Social Saturday The more you share, the more you save. University of Pennsylvania Maeve Flynn, Alison Miller, Greg Reiner
  • 2. Executive Summary Making Shopping Social Again  Millennials are not satisfied by current retail options for Black Friday shopping  This creates an opportunity for Macy’s to develop a more convenient, fun, and social experience around both online and in-store Black Friday shopping for Millennials  We are proposing an integrated marketing campaign involving a mobile app, online sales promotions, and in- store savings, communicated to Millennials through entirely digital channels  Our campaign will drive Millennials to shop at Macy’s during Black Friday weekend 2013 and will reinforce Millennials’ perceptions that the Macy’s brand understands their needs
  • 3. Millennials Desire a Different Shopping Experience  By 2017,Millennials will have more purchasing power than any generation has ever had  Currently Millennials have $170 billion in purchasing power  Hyper-social  More than 3x more likely than Boomers to turn to social channels when looking for opinions about what to buy  Endlessly curious about what others are doing, buying, and enjoying  84% ofMillennialsreport thatuser-generated contenthas at least some influence on what they buy  Less responsive to traditional advertising  Desire brand engagement http://econsultancy.com/us/blog/8806-how-social-influences-millennials-shopping-decisions-infographic
  • 4. No Brand Has Successfully Tailored Black Friday to Millennial Shoppers  No retailer has bridged the gap between the social, online shopping experience and the in- store, brick-and-mortar Black Friday shopping experience Clicks Success Bricks Success Clicks & Bricks Success Fab.com: Sales Target: Won Mobile No One: conversion rate tripled Marketer’s 2012 Mobile Hugeopportunity for after implementation Commerce Program of Macy’s in 2013 of ability to share and the Year by allowing post photos of shoppersto scan top purchase history selling toys’ QR codes to order at a later date http://www.forbes.com/sites/ciocentral/2012/08/28/in-defense-of-social-shopping-driving-sales-and-loyalty/ http://mashable.com/2012/10/05/target-qr-codes/ https://corporate.target.com/discover/article/Target-awarded-mobile-commerce-program-of-the-year
  • 5. Black Friday Does Not Meet the Needs of Millennials  The nature of Black Friday weakens incentives to visit brick-and-mortar stores as opposed to Macys.com  Black Friday does not support the Millennial style of convenient, social shopping Primary Research Millennials Study, February 2013 (N=44)
  • 6. However, Millennials Do Connect with the Macy’s Brand  The results yielded by our survey of Millennials on the Macy’s brand did not indicate any negative brand associations Primary Research Millennials Study, February 2013 (N=44)
  • 7. The Answer: Social Saturday 2013 at Macy’s  Saturday, November 30th, 2013  The more socialMillennialsmake their shopping, the better the discounts they receive  Mobile app Our Macy’s released November 1st  Online sales Friday, November 29th  In-store social deals Saturday, November 30th
  • 8. Millennials Can Be Reached Through New Media Method of Brand Data Point Macy’s Targeting Influence on Millennials Smartphone apps 3.62X more likely than the Our Macy’s App average customer Recommendation or 3.47X more likely than the Our Macy’s App: Virtual information from blogs or average customer Closet, Digital Ads, Social social networking sites Media Integration Recommendation from 83% of Millennials Our Macy’s App: Social Facebook friend Closet, Digital Ads, Social Media Integration Digital advertising Average 6.0 brand lift for Digital Ads, Social Media digital vs. 4.6 for TV; Integration Millennials are the only generation to be more affected by digital than TV http://www.comscore.com/Insights/Presentations_and_Whitepapers/2012/Next_Generation_Strategies_for_Advertising_to_Millennials
  • 9. The Our Macy’s App: Preparing for Social Saturday  Users can connect with one another to become “Macy’s Mates”  Build-your-own Virtual Closet  Virtual Closet can be public to all Our Macy’s users or only to a particular user’s Macy’s Mates  Users select potential purchases and outfit combinations and can buy online and/or request feedback from Mates or other users  “Must Have” & “Tell Me What You Think” racks Our Macy’s  Mates can tell each other what they think by giving Stars to selections and outfit combinations  Mates can choose to share Virtual Closet on social media sites or by email
  • 10. The Our Macy’s App: In- Store on Social Saturday  Mates come to Macy’s together and check in at their store location  Map of store and in-store GPS Mate locator  Mates message forum  After checking in, a group-wide message feed is created for all connected Mates to use  Message forum has pre-programmed status updates to report shopping progress  Photobooth  Mates can take photos with custom Macy’s themed Our backgrounds and post them on social media Macy’s  Photos are posted to in-store display screens in real time  Macy’s discount awarded for making their photo public on social media
  • 11. Friday, Save Yourself the Stress: An Online Experience  Offer Our Macy’s users larger online shopping discounts on Friday, November 29th  Give customers store credit for making their online purchase history public on Our Macy’s  Encourage Macy’s Mates to view each others’ wishlists to make the gift-purchasing process more convenient  Use Friday’s online sales to then promote Saturday as a time to share the in-store shopping experience with friends  Upon making an online purchase on Friday, users receive a discount code for Saturday in-store shopping
  • 12. Social Saturday: In-Store Deals & Experience  Connected* Macy’s Mates receive discounts for checking into the store together  The larger the group of connected* Macy’s Mates, the larger the savings  Place additional tri-fold mirrors throughout stores and signage to remind customers to use photobooth feature of Our Macy’s app at mirrors  Photobooth feature posts photos directly to in-store display screens and social media sites  Display QR code on the racks of top selling items to allow customers to post potential purchases to social media or to save in their Our Macy’s Virtual Closets *connected at least 1 hour prior to check in on Social Saturday
  • 13. Macy’s Social Saturday Campaign Will Lead with Millennials  Millennialsshop and interact with brands differently than other consumers have in the past  Macy’s must develop a method to engage with Millennial customers to reflect an understanding of this unique consumer group  Our campaign defines Black Friday weekend as a time for both online engagement and in-store shared experiences  This will set Macy’s apart as the brand that continues to evolve in order to meet the needs of the changing American consumer