How shoppers make choices

How do shoppers make choices? (iStock)The laptops are arranged in neat rows, seemingly endless black rectangles each glowing with bright blue screens. I point out to my daughter what the numbers on the little signs next to computer mean. I show her how to evaluate the features – Longer battery life, more RAM, bigger hard drive, larger screen, total weight. With each model comes a trade off, and after a few minutes I can tell she is getting confused. “Look, decide what features are most important to you, and then choose based on that,” I tell her. She nods, then proceeds to look at the back of each computer, and to feel the touch pad on each one.

My daughter finally stops at a mid-priced Sony and nods. Good brand, good choice, I think to myself. I glance at the features – seems like she picked one with a good balance of performance and portability. I tell her she’s a smart kid, figuring out what is best from amongst all those feature trade-offs. “It wasn’t that,” she tells me. “It’s a pretty silver color, not boring like all those others. And I liked the way the keypad felt.” Continue reading “How shoppers make choices”

Focus on shopper marketing

Shopper marketing (iStock)The Lab is proud to announce our partnership with the In-Store Marketing Institute. We’ve partnered to provide our clients with greater insight into the shopper marketing field, and the Institute will be an integral part of our Retail Experience Center which is opening in 2010. We sat down over email to discuss what shopper marketing is and why it’s so important to retailers right now.

Lab: Shopper Marketing seems like hot new buzzword for marketers—for our readers who may not be familiar with in-store marking, how do you define it?

Institute: You’re right that “shopper marketing” is a hot area. So hot, in fact, that a fair amount of time and energy is being spent on a workable industry-wide definition by some of the major study groups, such as our “Retail Commission on Shopper Marketing.” Continue reading “Focus on shopper marketing”

2009: To paraphrase Colbert, we called it.

(iStock)

This has been a big year of growth and change for the Lab. We’ve enjoyed the insight from our new president, John Ross, who is leading our retail practice (focused on the effect emerging media has on the purchase funnel). We’re also full steam ahead on new research capabilities and as always, our consulting work continues to provide relevant learnings.

This is also the time of the year when every news and entertainment show posts their best and worst of the year.  What the Lab’s more apt to do is take a look at some of the predictions we’ve made and see if they’re really landed.  Our 2009 Trends have taken some interesting turns: Continue reading “2009: To paraphrase Colbert, we called it.”

Holiday shopping gets social

blackfridayFacebookRetailers and sellers looking for innovative ways to reach their customers this holiday season are looking towards social media as an emerging marketing and business tool.  According to a study by Shop.org, almost half of retailers surveyed said they would increase their use of social media this holiday season. So it’s no surprise that to kick off the season, retailers from Best Buy to Barney’s used social networking sites on Black Friday to tell eager shoppers about bargains, discuss purchases, and help solve customer service issues.

Retailers continue to use contests and sweepstakes to help drum up holiday shopping excitement. Sears held a Facebook sweepstakes for lucky customers to win gift cards and buy items at Black Friday prices early. Continue reading “Holiday shopping gets social”

Holiday bounceback thanks to…robotic hamsters?

Cepia LLC Russell Hornsby's Zhu Zhu PetsCan you feel it in the air? That brisk breath of air may not be the weather; instead it’s the sharp inhale as retailers who have spent as much as nine months preparing for the holidays step back, square their shoulders, and prepare to face what Holiday 2009 may bring.

Every product you see, ad you read, sale you line up for was carefully orchestrated last spring when retailers (and brands who sell into retail) made their call on Christmas. Those decisions came during perhaps the darkest hours of the macro-economic news fest, coming off one of the toughest holiday seasons on record.

Imagine being the buyer who had to commit to inventory, pricing and terms? It must have felt more like prognostication than retail merchandising. I have been asked a lot lately to make my own call on the holiday season. It’s easy to predict the worse. Continue reading “Holiday bounceback thanks to…robotic hamsters?”

Google brings AdMob under its umbrella

Google buys AdMob (Scott Beale, Laughing Squid, via Flickr)Huge news in mobile today: Google just announced an acquisition of AdMob, the ad network which was the first to serve in-app ads on the iPhone. This deal makes a lot of sense, and is going to impact long standing changes to mobile advertising. It also affirms Google’s position in mobile as a dominant force. Here are four reasons why:

King of the hill: Google was getting into in-app ads, but there was already a powerhouse in that space – AdMob. Rather than competing for market share, this acquisition will position Google as the leading provider of in-app ads. Considering the Lab’s position that “the mobile app is the new webpage,” the overall share of impressions will continue to trend toward applications (though AdMob also has a considerable presence in the WAP world as well).

Continue reading “Google brings AdMob under its umbrella”

New media solutions for new mamas

Lab Director Lori Schwartz and SadieFor those who know Lab Director Lori Schwartz, it’s not a shock that she’d bring her love of emerging media home with her. Lori’s been an evangelist of advanced TV and video, interactive content, and industry partnerships for as long as anyone would listen.

So we were not surprised when she emailed from her Blackberry on the table minutes before giving birth; or that we got the first Facebook photo of Sadie within minutes of her arrival this past month.

And now, Lori is proving that like innovative brand campaigns, child rearing is also an excellent opportunity to integrate new media solutions. We’ve highlighted the use of new media previously for weddings, and for other important life milestones. But for those who are considering or who will soon make the leap into parenthood, here are some of the best bets from an “emerging media mama:” Continue reading “New media solutions for new mamas”

The new television ecosystem

The new television ecosystem (iStock)Franklin Delano Roosevelt once stated: “Take a method and try it. If it fails, admit it frankly and try another. But, by all means, try something.” These words ring true when looking at the current television ecosystem which has been recently stirred by the shift in television and film content consumption.

Viewers are experiencing content in new ways and on new devices. In addition to their living room television set, they are turning to their computers and mobile phones to watch television shows and movies. They are rapidly rejecting appointment-based, linear programming structured around channels. They want everything on-demand, on their terms. This shift in television content consumption has forced the entertainment marketplace into two camps. On one side stand companies that are willing to adapt, try new methods and meet consumers’ demands. On the other side lie those who remain stagnant and are struggling to hold onto a model that is quickly slipping away.

Continue reading “The new television ecosystem”

Video game consoles amp up the video

Gaming consoles amp up the video (IPG Media Lab) Column originally featured on MediaPost

Game consoles are continuing their stealthy takeover of the living room. We’ve been seeing this trend for a while, but the pace is accelerating as the holiday season approaches.

The PlayStation 3 is going Netflix next month. The second console to get the streaming video service, this added functionality should help the PS3 sales for the holiday (which are already predicted to be high due to the lower price point of the PS3 Slim). The solution currently works using a disc shipped out from Netflix, though it’s been confirmed that eventually a native client will be released. There are still rumors of a similar disc-based approach coming to the Wii.  Read More.