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Competitive Analysis
October 29, 2012




  Research & Insights
Consumer and| Industry Research
                1
Summary
 The MoMA Design Store, Opening Ceremony and Fab.com each integrate the
 designer’s stories behind their products into the online shopping experience through
 in-depth product descriptions, brief biographies, and quotes from designers or
 influencers.
 The OC and Fab.com also offer expert product recommendations and unique
 promotions via official blogs and social media.
 While Opening Ceremony looks to leverage social media to drive traffic to the brand’s
 site, Fab.com offers a unique, “live” browsing experience that fully integrates other
 social media platforms.
 The MoMA Design Store offers a simplified, segmented experience on its site,
 isolating its social media pages and content.
 MoMA could benefit from strategies employed by OC and Fab.com by leveraging sites
 like Twitter to drive traffic to momastore.org, enriching conversations around
 products through Facebook, and personalizing the shopper’s experience at the online
 store.




       |   2
Opening Ceremony




|   3
Opening Ceremony.us adopts a multinational approach to
retail in addition to stocking both iconic and emerging
homegrown designers every year.
  Opening Ceremony is a retail environment
  comprised of shops, a private label
  collection, and a showroom.
  Each year, the unique commercial and
  cultural character of a visiting country is
  represented at OC by capturing the essence
  of the country’s consumer experience.
  This year, OC's featured country is Korea.
       OC transforms the shopping excursion based
       on four different perspectives--established
       designer, emerging designer, one of a kind
       vintage pieces and select items from the
       open-air markets.


                                     Taking its name and mission statement from
                                     the modern Olympic Games, Opening
                                     Ceremony applies these elements of business
                                     and global participation towards fashion.
        |   4
Opening Ceremony’s Facebook page largely looks to promote
products and drive consumers to the brand’s online store, blog, and
live events.

  The company’s Facebook page currently has 51,800+ fans, with 1,700+
  conversations.
  OC’s Facebook page promotes new products and events along with the latest
  OC blog posts, staff picks, fashion photos and reviews.
  While customer feedback and support traffic is slow, OC is responsive to
  those that turn to the brand’s Facebook page for assistance.
  OC looks to take advantage of their Facebook page’s “Notes” feature to post
  job openings at its various retail locations across the globe.




        |   5
At OpeningCeremony.us, customers are presented with the
designer’s unique background as it relates to the product
featured.

  Users browsing OC’s online store can
  find out more details about the designer
  behind the product along with a series of
  relevant images on the product’s page.
  On the OC blog, potential consumers
  can browse through bloggers’ favorite
  products and custom collections. Here,
  readers can also catch up on the latest
  trends and media related to this year’s
  visiting country.
                                                  Here, users can read
                                                  more on Luciano Castro,
                                                  the Argentinean designer
                                                  behind the coat.

                    OC’s official blog posts
                    custom collections and
                    blogger favorites, here
                    featuring the latest in
                    Fall coats.

        |   6
Fab.com




|   7
As of September 2012, Fab.com greatly boosted its user experience
by no longer requiring people to sign up as a member to view
products on the site

  Visitors and consumers are now free to surf for products Fab.com, only
  needing to login to make a purchase.
  Earlier, in December 2011, Fab introduced its “Live Feed”, which enables
  users to share what they are buying, liking, and tweeting on Fab.com.
      Live Feed surfaces what products other Fab.com members are buying, liking,
      tweeting and sharing across the Web.
      Fab.com made the live feed on this new feature completely opt-in. You can choose
      to reveal your username whenever you purchase something, or not.




       |   8
Fab.com Inspiration Wall — a public social mood board for
sharing design inspirations.

Fab.com members get a public profile
which shows all their design inspiration
favorites (added and favorited).
Every product page has a Favorite Button
and Comment Button. Favoriting a
product adds it to the user’s Inspiration
Wall.
     Once added, users can see who else
     favorited the design, along with other
     images they have recently “faved,” or
     added.
     Information about the product is
     automatically brought over to the
     Inspiration Wall when it is faved,
     including: The description, tags, sharing
     options, and counts of how many times it
     has been viewed, faved, and commented
     on.

          |   9
For various products and collections at Fab.com, users are
presented with a brief story of the designer and summary of the
spirit behind the collection.
  For example, users interested in vintage items,
  furniture and apparel can browse collections at
  “The Vintage Shop.”
       Here, users can purchase, browse, favorite,
       comment on, or share various vintage-style
       items to Twitter, Facebook, and Tumblr.
  Every collection has a dedicated page that
  includes a short story and a quote from the
  makers or an influencer in the industry.
       Users may feel more comfortable browsing
       Fab.com in this way, as they can better
       customize their shopping experience by being
       presented with only the product categories they
       are interested in.

                     The Archive collection’s
                     dedicated page gives a
                     synopsis of the brand
                     and a quote from
                     Founders Marianna
                     Maurer & Nicole Tafur.

        |   10
Fab.com’s Facebook page posts multiple times per day that generate
thousands of conversations by highlighting products and company-
related media.

  The brand’s Facebook page boasts over
  247,000+ fans and 12,000+ conversations.
  Fab.com’s Facebook page posts multiple
  times per day, that generate thousands of
  conversations by highlighting products
  and company-related media.
  Fab.com is highly responsive on the
  brand’s Facebook page, deriving feedback
  from consumers and replying to customer-
  service and product-related posts to
  provide answers and solutions.




        |   11
MoMA Design Store




|   12
Through the MoMA Design Store, the Museum extended its
educational mission, exemplifying well-edited product design and
curation.
  The MoMA Design Store products highlight the latest in materials, production, and
  design concepts from around the world.
  All of the products at the MoMA Stores are reviewed and approved by MoMA’s
  curators, some are represented in the Museum’s design collection, and many are
  MoMA exclusives.
  The MoMA Store’s unique offerings include:
      MoMA Membership Incentives: Shoppers can become Patrons of the Museum to receive
      discounts at MoMA Stores along with exclusive Museum-related benefits.
      The MoMA Design Store Gift Registry: Shoppers can reflect their modern style and
      celebrate life’s special occasions with distinctive gifts from the MoMA Design Store.




        |   13
The MoMA Store online offers a conventional user experience for
shoppers to browse across product categories and tag favorites.
  Users can browse the MoMA Design Store
  products by category and create a private list
  of “favorited” items.
  On product pages, the store includes an in-
  depth product description, a brief biography
  about the designer behind the product, and
  other recommended products.
        These recommended products are generally
        unrelated to the current item the user is
        browsing.




The MoMA Design Store online could
benefit from better curated recommended
items on product pages and based on a
shopper’s “favorited” items and past
purchases.
                                            The products recommended
                                            when browsing items
                                            designed by Alvar Aalto do
                                            not take into consideration
                                            the shopper’s expressed
                                            behaviors and tastes.

         |   14
The MoMA Design Store’s social media pages, while active, do not
play an active role on the Store’s official site.
  The MoMA Design Store’s greatest areas of
  opportunity lie in social media.
       Users do not have any opportunities to share their
       favorite products publicly across social media beyond a
       Facebook “like.”
  The official MoMA Design Store’s Facebook page,
  with 19,700+ fans, generates little conversation and
  almost no user involvement.
       Despite a library of 20+ videos on Facebook, they are
       not easily accessible or well-promoted to garner views
       and traffic through sharing.
       Further, the Store has not posted a video in six months.
  On Twitter and Pinterest, the MoMA Design Store has
  just 1000+ followers despite consistent activity.
                                                                  This video profile of
       MoMA’s online social presence may be going unnoticed       designer Alexis Bittar’s line,
       as they are not promoted on the official store site or     while well-received, stands
       across other social media platforms.                       as one of the only videos of
                                                                  its kind in the last year.
         Better curated content as it directly relates to the
         MoMA Design Store along with means for shoppers
         to share their experiences across social media
         platforms may result in increases in their fanbase,
         followers and online conversations.

         |   15

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Retail Competitive Analysis

  • 1. Competitive Analysis October 29, 2012 Research & Insights Consumer and| Industry Research 1
  • 2. Summary The MoMA Design Store, Opening Ceremony and Fab.com each integrate the designer’s stories behind their products into the online shopping experience through in-depth product descriptions, brief biographies, and quotes from designers or influencers. The OC and Fab.com also offer expert product recommendations and unique promotions via official blogs and social media. While Opening Ceremony looks to leverage social media to drive traffic to the brand’s site, Fab.com offers a unique, “live” browsing experience that fully integrates other social media platforms. The MoMA Design Store offers a simplified, segmented experience on its site, isolating its social media pages and content. MoMA could benefit from strategies employed by OC and Fab.com by leveraging sites like Twitter to drive traffic to momastore.org, enriching conversations around products through Facebook, and personalizing the shopper’s experience at the online store. | 2
  • 4. Opening Ceremony.us adopts a multinational approach to retail in addition to stocking both iconic and emerging homegrown designers every year. Opening Ceremony is a retail environment comprised of shops, a private label collection, and a showroom. Each year, the unique commercial and cultural character of a visiting country is represented at OC by capturing the essence of the country’s consumer experience. This year, OC's featured country is Korea. OC transforms the shopping excursion based on four different perspectives--established designer, emerging designer, one of a kind vintage pieces and select items from the open-air markets. Taking its name and mission statement from the modern Olympic Games, Opening Ceremony applies these elements of business and global participation towards fashion. | 4
  • 5. Opening Ceremony’s Facebook page largely looks to promote products and drive consumers to the brand’s online store, blog, and live events. The company’s Facebook page currently has 51,800+ fans, with 1,700+ conversations. OC’s Facebook page promotes new products and events along with the latest OC blog posts, staff picks, fashion photos and reviews. While customer feedback and support traffic is slow, OC is responsive to those that turn to the brand’s Facebook page for assistance. OC looks to take advantage of their Facebook page’s “Notes” feature to post job openings at its various retail locations across the globe. | 5
  • 6. At OpeningCeremony.us, customers are presented with the designer’s unique background as it relates to the product featured. Users browsing OC’s online store can find out more details about the designer behind the product along with a series of relevant images on the product’s page. On the OC blog, potential consumers can browse through bloggers’ favorite products and custom collections. Here, readers can also catch up on the latest trends and media related to this year’s visiting country. Here, users can read more on Luciano Castro, the Argentinean designer behind the coat. OC’s official blog posts custom collections and blogger favorites, here featuring the latest in Fall coats. | 6
  • 8. As of September 2012, Fab.com greatly boosted its user experience by no longer requiring people to sign up as a member to view products on the site Visitors and consumers are now free to surf for products Fab.com, only needing to login to make a purchase. Earlier, in December 2011, Fab introduced its “Live Feed”, which enables users to share what they are buying, liking, and tweeting on Fab.com. Live Feed surfaces what products other Fab.com members are buying, liking, tweeting and sharing across the Web. Fab.com made the live feed on this new feature completely opt-in. You can choose to reveal your username whenever you purchase something, or not. | 8
  • 9. Fab.com Inspiration Wall — a public social mood board for sharing design inspirations. Fab.com members get a public profile which shows all their design inspiration favorites (added and favorited). Every product page has a Favorite Button and Comment Button. Favoriting a product adds it to the user’s Inspiration Wall. Once added, users can see who else favorited the design, along with other images they have recently “faved,” or added. Information about the product is automatically brought over to the Inspiration Wall when it is faved, including: The description, tags, sharing options, and counts of how many times it has been viewed, faved, and commented on. | 9
  • 10. For various products and collections at Fab.com, users are presented with a brief story of the designer and summary of the spirit behind the collection. For example, users interested in vintage items, furniture and apparel can browse collections at “The Vintage Shop.” Here, users can purchase, browse, favorite, comment on, or share various vintage-style items to Twitter, Facebook, and Tumblr. Every collection has a dedicated page that includes a short story and a quote from the makers or an influencer in the industry. Users may feel more comfortable browsing Fab.com in this way, as they can better customize their shopping experience by being presented with only the product categories they are interested in. The Archive collection’s dedicated page gives a synopsis of the brand and a quote from Founders Marianna Maurer & Nicole Tafur. | 10
  • 11. Fab.com’s Facebook page posts multiple times per day that generate thousands of conversations by highlighting products and company- related media. The brand’s Facebook page boasts over 247,000+ fans and 12,000+ conversations. Fab.com’s Facebook page posts multiple times per day, that generate thousands of conversations by highlighting products and company-related media. Fab.com is highly responsive on the brand’s Facebook page, deriving feedback from consumers and replying to customer- service and product-related posts to provide answers and solutions. | 11
  • 13. Through the MoMA Design Store, the Museum extended its educational mission, exemplifying well-edited product design and curation. The MoMA Design Store products highlight the latest in materials, production, and design concepts from around the world. All of the products at the MoMA Stores are reviewed and approved by MoMA’s curators, some are represented in the Museum’s design collection, and many are MoMA exclusives. The MoMA Store’s unique offerings include: MoMA Membership Incentives: Shoppers can become Patrons of the Museum to receive discounts at MoMA Stores along with exclusive Museum-related benefits. The MoMA Design Store Gift Registry: Shoppers can reflect their modern style and celebrate life’s special occasions with distinctive gifts from the MoMA Design Store. | 13
  • 14. The MoMA Store online offers a conventional user experience for shoppers to browse across product categories and tag favorites. Users can browse the MoMA Design Store products by category and create a private list of “favorited” items. On product pages, the store includes an in- depth product description, a brief biography about the designer behind the product, and other recommended products. These recommended products are generally unrelated to the current item the user is browsing. The MoMA Design Store online could benefit from better curated recommended items on product pages and based on a shopper’s “favorited” items and past purchases. The products recommended when browsing items designed by Alvar Aalto do not take into consideration the shopper’s expressed behaviors and tastes. | 14
  • 15. The MoMA Design Store’s social media pages, while active, do not play an active role on the Store’s official site. The MoMA Design Store’s greatest areas of opportunity lie in social media. Users do not have any opportunities to share their favorite products publicly across social media beyond a Facebook “like.” The official MoMA Design Store’s Facebook page, with 19,700+ fans, generates little conversation and almost no user involvement. Despite a library of 20+ videos on Facebook, they are not easily accessible or well-promoted to garner views and traffic through sharing. Further, the Store has not posted a video in six months. On Twitter and Pinterest, the MoMA Design Store has just 1000+ followers despite consistent activity. This video profile of MoMA’s online social presence may be going unnoticed designer Alexis Bittar’s line, as they are not promoted on the official store site or while well-received, stands across other social media platforms. as one of the only videos of its kind in the last year. Better curated content as it directly relates to the MoMA Design Store along with means for shoppers to share their experiences across social media platforms may result in increases in their fanbase, followers and online conversations. | 15