On Saturday I took the bus up to East 125th Street to a place that’s fascinated me for some time. About 6 months ago, I was coming back from LaGuardia Airport on the M60 bus and went by a store with a strange looking sign that read “Demolition Depot”. At first I thought it may be a construction (or rather destruction) company. I imagined backhoes and front-loaders and items like that inside. But the shape of the building didn’t seem to fit that kind of business. I went home and Googled it to find that it is a place that houses dismantled building treasures from 5 continents. It is the dream house of many a film art director, or a writer like me. This is where old New York (and every other major city for that matter) finds a home for what remains. Inside its wall are thousands of stories waiting to be told.
Category: retail
My Year of Hopefulness: Creative entrepreneur accessorizes jewelry with business
My friend, Laura Cococcia of Laura Reviews, did a terrific interview with an entrepreneur who proves that you can keep a day job while starting your own successful business. Johanna Ferguson began Rilee and Lo, an on-line jewelry retailer after noticing that she couldn’t find one place on-line to buy interesting, unique jewelry by individual designers at a reasonable price. She found a way to do what all successful start-ups do – turn a pain in the market into an opportunity.
I recently interviewed Ferguson to get a behind-the-scenes look at the entrepreneurial efforts behind Rilee and Lo, discussing what it takes to successfully launch a business that aligns so closely with one’s passions.
Laura Cococcia: What advice can you give other entrepreneurs looking to launch their own business, based on what they’re passionate about?
Grey Bracelets and David Sedaris
My friend, Liane and Steve, and I tried to go see David Sedaris at the 66th Street Barnes and Noble in Manhattan. We were stopped at the door. Why? No receipt for a book, and no bracelet. What’s worse – if you had a “grey bracelet” (meaning you didn’t go to the Avery Fisher Hall show of David’s) you were told to go wander around the store and you would be called when you were allowed to meet David. “Don’t stand by this door, grey bracelet holders. It won’t help you,” cried the disgruntled Barnes & Noble worker. Or maybe she was just a naturally angry woman. They have a grey bracelet, not a disease. They aren’t “untouchables”. Calm down, lady. And frankly, if they want to stand by the door, who are they harming?
Fewer, Better Things
Those clever marketers at De Beers, the diamond company, have launched another brilliant ad campaign: “Fewer, Better Things.” De Beers is a PERFECT example of a luxury company who is using the current economic state as a benefit to them.
Leaving sales on the table
Two girls shot in a California Toys R Us; a temporary employee, likely someone who needed the extra money in this economy, trampled to death in a Wal-Mart. All this after a raucous crowd ripped the doors off of the hinges. I was saddened and shocked to read this news late last night, particularly because I spent last Black Friday working in a retail store. Is that $130 Blu-Ray player worth violence? Does anyone on my list need a Nintendo DS so badly that I should literally risk life and limb to get it at as deep a discount as possible?
We could say that people in general need to calm down when it comes to holiday shopping. Perhaps suggesting that they act like humans instead of wild animals on the hunt. Then I took a stroll through the Wednesday and Thanksgiving papers that were filled with circulars. I reconsidered all of the television and internet advertising I’ve seen in the past few weeks, compounded by the many newspaper articles that have trumpeted Black Friday sales as the only time of year when you can get a real deal. Is it any wonder that frenzy ensues?
I understand that retailers are hurting and need the business. I understand that our economy needs a boost from consumer spending this holiday season. The only thing that is going to prevent this kind of violence happening year after year on the day after Thanksgiving is pull-back by retailers. This Black Friday is a man-made holiday, and it needs a man-made solution. Drive more sales to on-line rather than in-store. Learn how to spread yours sales across a season rather than across the hours of 5am – 11am on one day. And for heaven’s sake order enough inventory to fulfill at least a majority of the demand. Work with the suppliers beforehand, long beforehand, and do a proper forecasting model. This scarcity as strategy model is obscene, and it’s literally killing people.
This season I’ll be staying away from stores for the majority of the holiday season, as much as possible. I might pop in at some lull periods just to soak up some ambiance. I’ll be doing my spending right here in front of my laptop. In my efforts to cultivate peace on Earth this holiday, it seems that our retailers are not the place to be.
The Muppets are Taking Back Manhattan
When I went out to Los Angles to call on Disney in June, I spent some time in the archives digging through old Muppet memorabilia. Like a kid in a candy store, I sat for a few hours with those materials wondering why in the world the brand has been dormant for so long. I grew up on the Muppet Show — I think at my very young age, it was a large influence on my interest in theatre that led to my career in the industry two decades later. I loved the idea that an audience could we watching a show on stage and then having an entirely different drama unfolding in the wings. I was entranced by the idea of illusion. As I sat in the archive I wondered, aloud and to myself, why on Earth Disney had let the brand go dead. As it turns out, ideas, big ideas, were brewing.
Exchange: Honda for Granny
Recently I was visiting my friend Moya in Washington, DC. One of her roommates was running out to the store and taking the Granny cart with her. One of those rickety metal bin type things with wheels that look like they are about to fall off at any moment. Clunky, and too expensive if you ask me, but they get the job done when one if car-less with arms full of stuff.
The Wisdom of Crowds on Apple Forums
At the outset, I would like to be honest that I love the Apple Store and the Geniuses that work there. Truly. I’d be interseted in marrying one. I get fantastic service every time I walk in the door, they’re kind, understanding, and go out of their way to be helpful. Plus, they have t-shirts with funny sayings on them.
I took my Macbook into the store on 5th Avenue on Sunday because I couldn’t get my iWeb-designed website to open on Internet Explorer. At the Genius Bar, I was told that’s just the way it goes – Internet Explorer can’t read iWeb properly; it’s iWeb illiterate. I walked away feeling very frustrated and upset by all of this – I bought my Macbook expressly for the purpose of easily creating a website in iWeb and uploading it to my own URL. Now, it appeared my efforts were for naught.
My friend, Ken, a fellow Mac lover, suggested I try the on-line forums. I was hesitant. I mean, who knows more than one of Apple’s Geniuses at one of their premiere stores? Well, it turns out that a lot of people are Geniuses in their own right, and they love posting advice and tips to those forums. One in particular had the exact same problem I was having and after much fiddling found an easy fix for it. My pictures had a reflection and shadow that I chose for stylistic purposes. Turns out that the code that creates those edits in iWeb makes Internet Explorer choke. I removed the reflection and shadow from each picture and now the pages load perfectly. My website was saved! All by the kindness of a stranger who posted to one of the forums.
Geniuses are everywhere…
Reaching consumers where they are
“Build it and they will come” is a business mantra that I wish would die a quick death. I am amazed by how often retailers and service providers believe that the customer needs to seek them out. With so many choices and so little time, companies need to be proactively tracking their customers to find out where they are, and then doing whatever they can to get their products and services in front of them in compelling ways.
I read a post on one of the Amazon.com blogs today that was written by Rich Sloan, of the founders of StartUpNation. http://www.amazon.com/gp/blog/post/PLNK2ZPLRZB2ZOBQG. In the post, he describes a recent outing to Costco where he found AMC movie tickets available at a slight discount. He and his wife weren’t even considering seeing a movie, but it was clearly saving a bit of money for them and would provide them with an experience later on that they’d both enjoy. If not for that display, the couple would have had to decide to see a movie, then look up the times, dates, location, etc. of the closest movie showing a movie they were interested in. With a slight discount in a store where the couple was already shopping, AMC reached out to them and gave them an idea for a night out.
Well played, AMC. And a lesson for all of us in business. The rules of the game have changed: we must do everything we can to offer differentiated, timely benefits to consumers in a convenient package.
Living in an ecosystem
A few nights ago I went to a dinner co-sponsored by Shop.org (a retail trade organization) and Demandware, an e-commerce platform provider. They were kind enough to host a soft sell dinner for 50 retailers in New York City at Ruth’s Chris. While the dinner and networking were terrific, a researcher from Jupiter Research, Patti Freeman Evans, gave a brief speech on e-commerce, though her insights had much broader-reaching applications.
I have written often about the act of curation – in writing and in life. As a retailer, there is also a curatorial aspect to my company’s work. In our brick-and-mortar stores, we are constrained by the size of the box. Even on our website, there is just so much merchandise that any one Guest is willing to click-through. Navigation must be easy. Content must be relevant. Frustration, confusion, and wait time must be held to an absolute minimum from parking in our parking lot all the way through the Guest exit. As retailers, we are curators. Yes, the content matters, though the thoughtful edit matters even more. Or point-of-view and clear expression of it is mission critical. There’s no room in retail for “wishy-washy”.
It’s easy to have a POV about a store, or a chain or stores, or a website. But what about an enterprise POV? Much more difficult when there are parties of conflicting interest. Our business, like so many others, is currently siloed beyond belief. Many people see an ecosystem within their own microcosm. And you can’t build a brand that way. I am surprised every day at how many people drive their respective buses with blinders on. This is only complicated by the fact that we are a turn-around, so we are, as my boss likes to say “driving the bus at breakneck speed while also trying to paint it.” Again, if only I could draw…
What Patti Freeman Evans asked us to do, as retailers, is consider our entire business and indeed our entire industry, as an ecosystem. What we do in one store, one chain of stores, or on one site has an incredible effect on many other people and companies. And her thought provoking analogy of businesses being living, breathing entities offers us a chance to reflect on the question, “what would we do, in our businesses, if we were conscious at every moment that our decisions profoundly effect the lives of everyone we reach for years to come?”
