Omnichannel Today: Week of November 30th

Omnichannel Today – Black Friday Edition

Happy Thanksgiving from NectarOM! As we gear up for the eCommerce holidays of Black Friday and Cyber Monday these are the latest news articles we’ve been paying attention to:

JC Penney’s Retail Reinvention

Unlike Nordstrom’s and Macy’s, JCP is on course to exceed holiday expectations during a season where eCommerce and digital platforms are taking away business from retail. The secret, as CEO Marvin Ellison puts it, is finding the balance between the “art” and “science” of retail. JC Penney is taking a completely different approach to their in-store experience, developing attractive new features such as store-within-a-store kiosks for both younger shoppers and the upcoming cohort Millennial-age parents. Next up for the department store? Focusing on the science side of things by making improvements to their eCommerce, supply chain, and data processing abilities.

Amazon’s ingenious scheme to undermine Black Friday

Black Friday and its younger sibling Cyber Monday are a major source of income for the retail industry every year. Since this last Friday, web giant Amazon has taken advantage of the holiday shopping fervor to entice customers with constantly updated deals and featured items, hoping to sway buyers that won’t miss the authentic “Black Friday Experience” of elbowing through crowded stores. That said, certain stores such as Best Buy and Target have responded to Amazon by making their in-store discounts apply to their eCommerce platforms as well.

Facebook Says Nearly One Third of Online Shopping Transactions Are On Mobile Devices

New data from Facebook suggests that its users are becoming much more comfortable with using mobile devices to shop and make purchases. The social media titan expects a 30% increase in the percentage of users who buy on mobile by the end of the fourth quarter. Facebook researchers also observed that about 45% of all shopping occasions involve mobile devices in some fashion, such as during product research that results in a purchase on a desktop.

Retail enters third phase of digital evolution: ‘Emotional’ eCommerce

A new article from the Financial Times discusses how modern shoppers expect brands to develop a relationship with them over social media and other digital platforms. The thought leaders interviewed point to the success of apps like Instagram, Etsy, and Olapic, who offer businesses the ability to showcase their “human side” to potential customers by using memes, shareable posts, and conversation starters to promote fan engagement over social media.

Other stuff we read this week:

How James Murdoch thinks the ad industry should innovate: ‘Empower the Consumer.’
Here’s how advertisers will be able to target TV viewers who see competitors’ ads
Goodbye privacy, hello ‘Alexa’: Amazon Echo, the home robot who hears it all
Volvo Wants to Use Microsoft’s Sci-Fi Glasses to Sell Cars

Check back next time for the latest developments in omnichannel! We’ll bring you news, facts, opinions, and infographics that will help you gain a broad perspective of the industry. Drop in, stick around, and subscribe to our newsletter – and who knows? You just might learn something.

3 Reasons Why Email Still Thrives in the Omnichannel Era

Over the past decade, faster computers and widespread access to high speed internet have made omnichannel access possible in a way that we’ve never seen before in human history. But despite all of the hype we give to mobile and social channels, the humble email is still one of the most effective and reliable channels for marketers to speak with their customers. Here are a few reasons why.

1) Email is your passport to the rest of the Internet.

Especially for younger generations, email has supplanted direct mail by being faster, cheaper to produce, and more accessible on the go. So by that logic, you would think that mobile and social channels should replace email, right?

Well, not really. The thing about email is that it’s an indispensible “passport” to the Internet. Customers need one to pay for things, subscribe to services, and sign up for websites – social media sites still require one, and so do their apps. Email’s still here, and according to The Direct Marketing Association, has an ROI of about $39 for every $1 spent.

2) Email isn’t just about advertising: it’s about getting information.

Email metrics are more sophisticated than ever, meaning that in addition to being a cost-effective way to market new services and products to your customers, your emails can be a source of valuable information about your brand, market, and channels.

Using an email tracker like Nectar Clickstream can give you a huge amount of actionable data. You can learn when customers are more receptive to emails, what kind of marketing they respond to, and which channels (PC, laptop, mobile? Other?) they’re more likely to use to access your brand.

3) Email is a bridge between new channels.

Continuing from that last point: old-school digital marketers cut their teeth on email by using it as a means of direct advertising.

In the Omnichannel Era, it’s equally as important for email to be used to continue the conversation that customers have with your brand on other channels, such as through your app, ecommerce website, or storefront.

 

Change“Personalizing” doesn’t have to mean becoming a customer’s best friend: it’s just about being there at the right place at the right time. For some people, you have to understand that there’s just no appropriate time for direct advertising ever – instead, you’ll have to be more creative with what content you deliver, making sure that its context and timing will be received well by the customer.

Though the field of digital marketing is more sophisticated than it did ten years ago, email is still a legitimate, high-ROI tool for advertisers looking to connect with their customers. Make no mistake: though technology will continue to change the face of branding, the creativity, ingenuity, and adaptability required by great marketers will never go out of style.