1. Lindsey Campbell, Chris Satterfield,
Katie Miller, Jon Greene, Theresa Yang
E-commerce to Brick and Mortar
11/18/14
2. Meet the Team
Lindsey Campbell
Year: Senior
Major: Textile Apparel Management
Emphasis: Merchandising
Minor: Business
Hometown: St. Louis, MO
Interesting Fact: I have moved to five
different cities in my lifetime.
2
3. Meet the Team
Chris Satterfield
Year: Senior
Major: Business Administration
Emphasis: Marketing
Minor: Music Performance
Hometown: Jefferson City, MO
Interesting Fact: I play cello for
Mizzou’s orchestra.
3
4. Meet the Team
Katie Miller
Year: Senior
Major: Journalism
Emphasis: Strategic Communication
Minor: Textile Apparel Management
Hometown: Quincy, IL
Interesting Fact: I am a certified group
fitness instructor and teach seven
classes a week.
4
5. Meet the Team
Jon Greene
Year: Senior
Major: Sports Management
Hometown: Kansas City, MO
Interesting Fact: I've had 4
concussions
5
6. Meet the Team
Theresa Yang
Year: Senior
Major: Journalism
Emphasis: Strategic Communication
Minor: Business
Hometown: Shanghai, China
Interesting Fact: I have a cute
nickname called “Penguin”.
6
8. Fast Facts
3rd largest discount retailer
• 1st - Walmart
• 2nd - Costco
First store – Roseville, MN, 1962
• 1,801 stores in 48 states; 133 stores in Canada
Focus on quality, focus on trends
• Affordable prices
• Clean stores
• Enjoyable shopping
Corporate Responsibility
• Give 5% of profits annually ($4 million each week)
Target.com – 1999
REDcard – 1995
Mobile Retailer of the Year – 2013
8
9. Project Analysis
“How can Target use E-commerce and their
mobile platform as effective cross-channel
marketing tools to drive sales and
profitability at their in-store brick and
mortar locations?”
9
10. Supporting Data/Research
Online retail spending grew 14% in 2013.
Global e-commerce sales made via mobile devices are
expected to top $638 billion in 2018. For perspective,
that was roughly the entire size of the world's e-
commerce market in 2013.
E-commerce sales will represent 8 percent of all retail
sales in the U.S. by 2014, up from 6 percent in 2009.
In 2009, 154 million people in the U.S. bought
something online, or 67 percent of the online
population (4 percent more than in 2008).
10
11. Competitive Analysis
Walmart (Low Price)
• Weaknesses: attract lower class consumers, poor customer
service, poor employee benefits
• Strengths: distribution system, high profit margin, extreme
low prices
Nordstrom/Macy’s (Great Customer Service)
• Weaknesses: higher price, limited storage
• Strengths: exclusive in-store brands, great customer service
Amazon (Online/Convenience)
• Weaknesses: timeliness, intangible products
• Strengths: convenience, variety of items, easier in storing
products
11
12. SWOT Analysis (Before)
Strengths
•Recognizable brand
•Social responsibility – education
•Strong online and mobile sites
•Quality store brands
•Clean stores
•Fashion apparel
•Strong employee presence
•Low prices
•Department variety
Weaknesses
•Credit card hack
•Higher costs than some competitors
•Higher prices than some competitors
Opportunities
•Young adult market (fashion)
•Strengthen store brands
•Adapt technology into stores
•International markets
•Become more personal
Threats
•Walmart and low-price competition
•Online competition
•Showrooming
12
13. Target “Guest”
Median age of 40
Median household income of $64,000
Approximately 43% have children at home
About 55% have completed college
13
14. Idea 1: Instagram
Enhance platform
Host Contests
Make your followers famous
Discounts through photo sharing when in
store
14
18. Idea 1: Pros/Cons
18
Pros:
• Go in with friends or family
and take photos
• Gain more followers
• Photo gets looked at by
millions of people
• Create customer interaction
and engagement throughout
the store
Cons:
• Cater more to younger teens
than adults
• Can only be used by people
with mobile devices and have
the app
19. Idea 2:
Geofencing/Geotargeting
Geofencing
Geo-fencing is a feature in a software program
that uses the global positioning system (GPS) or
radio frequency identification (RFID) to define
geographical boundaries.
Geotargeting
Customizing an advertisement for a product or
service to a specific market based on the
geographic location of potential buyers.
19
20. Idea 2: Idea for Geofencing
Geotarget guests through
geofencing by sending a push
notification to their phone, with
customized deals and coupons.
47% of shoppers surveyed said
they’d be more likely to shop
with a retailer if offered
promotions while nearby.
20
21. Idea 2: Geotargeting
Customization
App and REDcard calibration use location
services to find customers in 5 mile radius.
Allow to customize the deals/promotions
for Target guests.
21
Think ahead: Plan for what they will buy, not what
they’ve purchased
• Example: Guest bought a baby outfit last christmas,
now will need an outfit for a toddler.
22. Idea 2: Geofencing Mobile
Coupon Example
Meet Susan (A Beloved
Target Guest)
Demographics
Age: 36
Married
Two Kids: Ages 7 and 11
Household Income: $75,000
Hometown: Overland Park, KS
22
23. Idea 2: Pros/Cons
Pros:
• Get nearby potential guests
in the store
• Lead to impulse purchases
• Consumers love
customization
• Increased Red Card Members
equals Increased Target
loyalty
• Offer coupons for slow
moving items to increase
inventory turnover
Cons:
• Decrease profit margin for
couponed items
• Guests may see geotargeting
practice as intrusive
• Recent data breach has
consumers wary of having
Target Cards
23
24. Idea 3: BOGO Holiday Toy Drive
Buy one Give one (BOGO)
Guests purchase item and
Target donates item of
similar value on guest’s
behalf.
Holiday Themed Toy Drive
Goal: 2.5 Million Toys
Donated to Children
Dates Dec. 1st-25th
24
26. Facebook BOGO
“Become a Real
Secret Santa for a
Child in Need”
Hashtag: #BOGO and
#TargetToyDrive
26
27. Idea 3: Pros/Cons
Pros:
• Introduce New Social
Responsibility Platform
• Reach a variety of guests
through social media outlets
• Easily adaptable campaign
• Increase Target’s already
good Image on being
charitable
Cons:
• Limited reach with social
media
• Have to go into store to make
the transaction
27
28. Recap
Idea #1: Instagram
• Enhance Instagram platform
Idea #2: Geofencing
• Target customers via geospotting with personalized
deals
Idea #3: BOGO
• In-Store Holiday Toy Drive using social media push.
28
29. SWOT Analysis (After)
29
Opportunity becomes a strength
• Young adult market (fashion)
• Strengthen store brands
• Adapt technology into stores
• Become more personal
30. To Do List
30
Instagram
• Announce promotions and contests
• Employees encourage customers take photo in store
• Customers must photo share on instagram and use the
required hashtags to redeem discount
Geofencing/Geotargeting
• Inform guests of new REDcard feature
• Use guest purchase history to customize deals
• Turn on location services for Target
BOGO Holiday Toy Drive
• Find appropriate charity and pick out toys
• Create social media PR campaigns
• Promote largely on social media and have cashiers ask at
purchase in-store
31. Works Cited
"Fact Sheet: Quick Facts About Target | Target Corporate." Fact Sheet: Quick Facts About
Target | Target Corporate. Target, 2013. Web. 16 Nov. 2014.
"Fast Facts | Target Corporate." Fast Facts | Target Corporate. Target, 13 Jan. 2009. Web. 16
Nov. 2014.
Schonfeld, Erick. "Forrester Forecast: Online Retail Sales Will Grow To $250 Billion By 2014."
TechCrunch. N.p., 08 Mar. 2010. Web. 18 Nov. 2014
Smith, Cooper. "US E-Commerce Growth Is Now Far Outpacing Overall Retail Sales." Business
Insider. Business Insider, Inc, 02 Apr. 2014. Web. 18 Nov. 2014.
"Target through the Years." Target through the Years. Target, 2014. Web. 16 Nov. 2014.
Tode, Chantal. "Target Is 2013 Mobile Retailer of the Year." Mobile Commerce Daily. Napean
LLC., 31 Dec. 2013. Web. 18 Nov. 2014.
"Top 100 Retailers." NRF. David P Schulz/ Island Pacific and NEC, 01 July 2014. Web. 18 Nov.
2014.
31
About Target- 3rd largest discount retailer (NFR website )
1st- Walmart
2nd- Costco
First store - Roseville, MN, 1962
1,801stores in 48 states, 133 stores in canada
Focus on quality, focus on trends
Affordable prices
Clean stores
Enjoyable shopping
Corporate Responsibility
Give 5% of profits annually ($4 million each week)
Target.com - 1999
RedCard - 1995- remaned RedCard in 2004
http://www.entrepreneur.com/article/224799
5. Make your followers stars. Choose a follower of the day and promote him or her with an @mention. Similar to Facebook and Twitter, an @mention is how Instagram users tag each other in comments. This can fire up powerful word-of-mouth promotion and deliver more followers and potential customers. Many people -- Instagram photo buffs included -- like to be personally recognized by companies for their loyalty, and they're more than happy to spread the word about their special status within their Instagram network.
For example, Sharpie (@Sharpie) showcases Instagram images posted by followers who draw impressive doodles and sketches using, of course, Sharpie markers and pens. The result? Sharpie has attracted nearly 39,000 Instagram followers so far.
Encourage customers who walk through the door to take photos in the store with themselves or whoever they are with. Then use a unique and new hashtag like #TargetTakeOver or #TargetTryOn with a familiar, trending hashtag like #TGIF or #Selfie tag with the @Target Instagram ID “Hashtagging is like free advertising”
http://www.fox10phoenix.com/story/27258137/alexfromtarget-takes-over-twitter
http://www.nydailynews.com/news/national/alex-target-social-media-sensation-article-1.1997459
Target already does post their social media users photos on Twitter (example: Taylor swift cd reposts of customers photos who bought their CD in store) - could use this idea on instagram but encouraging people to try on clothes and accessories and take pictures then posting them on Instagram with specific hashtags to redeem discounts throughout the store
creates customer engagement and interaction throughout the store
http://www.entrepreneur.com/article/224799
5. Make your followers stars. Choose a follower of the day and promote him or her with an @mention. Similar to Facebook and Twitter, an @mention is how Instagram users tag each other in comments. This can fire up powerful word-of-mouth promotion and deliver more followers and potential customers. Many people -- Instagram photo buffs included -- like to be personally recognized by companies for their loyalty, and they're more than happy to spread the word about their special status within their Instagram network.
For example, Sharpie (@Sharpie) showcases Instagram images posted by followers who draw impressive doodles and sketches using, of course, Sharpie markers and pens. The result? Sharpie has attracted nearly 39,000 Instagram followers so far.
Encourage customers who walk through the door to take photos in the store with themselves or whoever they are with. Then use a unique and new hashtag like #TargetTakeOver or #TargetTryOn with a familiar, trending hashtag like #TGIF or #Selfie tag with the @Target Instagram ID “Hashtagging is like free advertising”
http://www.fox10phoenix.com/story/27258137/alexfromtarget-takes-over-twitter
http://www.nydailynews.com/news/national/alex-target-social-media-sensation-article-1.1997459
Target already does post their social media users photos on Twitter (example: Taylor swift cd reposts of customers photos who bought their CD in store) - could use this idea on instagram but encouraging people to try on clothes and accessories and take pictures then posting them on Instagram with specific hashtags to redeem discounts throughout the store
creates customer engagement and interaction throughout the store
http://www.entrepreneur.com/article/224799
5. Make your followers stars. Choose a follower of the day and promote him or her with an @mention. Similar to Facebook and Twitter, an @mention is how Instagram users tag each other in comments. This can fire up powerful word-of-mouth promotion and deliver more followers and potential customers. Many people -- Instagram photo buffs included -- like to be personally recognized by companies for their loyalty, and they're more than happy to spread the word about their special status within their Instagram network.
For example, Sharpie (@Sharpie) showcases Instagram images posted by followers who draw impressive doodles and sketches using, of course, Sharpie markers and pens. The result? Sharpie has attracted nearly 39,000 Instagram followers so far.
Encourage customers who walk through the door to take photos in the store with themselves or whoever they are with. Then use a unique and new hashtag like #TargetTakeOver or #TargetTryOn with a familiar, trending hashtag like #TGIF or #Selfie tag with the @Target Instagram ID “Hashtagging is like free advertising”
http://www.fox10phoenix.com/story/27258137/alexfromtarget-takes-over-twitter
http://www.nydailynews.com/news/national/alex-target-social-media-sensation-article-1.1997459
Target already does post their social media users photos on Twitter (example: Taylor swift cd reposts of customers photos who bought their CD in store) - could use this idea on instagram but encouraging people to try on clothes and accessories and take pictures then posting them on Instagram with specific hashtags to redeem discounts throughout the store
creates customer engagement and interaction throughout the store
http://www.entrepreneur.com/article/224799
5. Make your followers stars. Choose a follower of the day and promote him or her with an @mention. Similar to Facebook and Twitter, an @mention is how Instagram users tag each other in comments. This can fire up powerful word-of-mouth promotion and deliver more followers and potential customers. Many people -- Instagram photo buffs included -- like to be personally recognized by companies for their loyalty, and they're more than happy to spread the word about their special status within their Instagram network.
For example, Sharpie (@Sharpie) showcases Instagram images posted by followers who draw impressive doodles and sketches using, of course, Sharpie markers and pens. The result? Sharpie has attracted nearly 39,000 Instagram followers so far.
Encourage customers who walk through the door to take photos in the store with themselves or whoever they are with. Then use a unique and new hashtag like #TargetTakeOver or #TargetTryOn with a familiar, trending hashtag like #TGIF or #Selfie tag with the @Target Instagram ID “Hashtagging is like free advertising”
http://www.fox10phoenix.com/story/27258137/alexfromtarget-takes-over-twitter
http://www.nydailynews.com/news/national/alex-target-social-media-sensation-article-1.1997459
Target already does post their social media users photos on Twitter (example: Taylor swift cd reposts of customers photos who bought their CD in store) - could use this idea on instagram but encouraging people to try on clothes and accessories and take pictures then posting them on Instagram with specific hashtags to redeem discounts throughout the store
creates customer engagement and interaction throughout the store
Pros:
-Go in with friends or family and take photos
-Mom doesn’t have instagram but would make me post the photo with her to get the discount
-Gain more followers
-Photo gets looked at by millions of people
-creates customer interaction and engagement throughout the store
Cons:
-Cater more to younger teens than adults
-Can only be used by people with mobile devices and have the app
Idea #1Instagram
Enhancing Instagram platform
Idea #2 Geofencing
Target customers via geospotting with personalized deals
Idea #3 BOGO
In-Store Holiday Toy Drive using social media push.
Target will donate a toy on guest’s behalf after the guest purchases a toy of equal value.
Instagram
Target uses Twitter to announce promotions and contests
Employees encourage customers throughout the store to take a photo and post it on Instagram
Customer must photo share on instagram and use the required hashtags as well as follow and mention @Target then show the employee to redeem discount on that item or brand
Geofencing/Geotargeting
Use guest purchase history through Red Card to customize deals
Update Target app legal disclaimer, turn on location services for Target
Inform guests of new Red Card feature
BOGO Holiday Toy Drive
Find appropriate charity
Pick out toys that will be donated
create social media PR campaign using the platforms of Twitter and Facebook
Promote largely on social media and have cashiers ask at purchase in-store “Would you like to participate in our BOGO Holiday Toy Drive Today?” “Target will donate a toy on your behalf”