Happy Twosday. You do you, but the way that we’re celebrating that it’s 2/22/22 is by wearing a tutu. Over our sweatpants.
In today’s edition:
- By The Namesake’s pop-up strategy
- Retail stores as influencers
—Katishi Maake, Glenda Toma
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By The Namesake
By The Namesake, a DTC custom-leather-jacket brand, recently made its return to the US with a two-week pop-up in New York City’s Nolita neighborhood. And the Canadian company will be back soon. With another pop-up.
The new space, set to open in March, will be its fourth pop-up in New York. It’s already signed on for a fifth in September, By The Namesake owner Rosa Halpern told Retail Brew.
“Each time we’re coming for a bit longer. So we used to do a week, then we did two weeks. Now we’re doing three weeks, and hopefully in September, we will be there for a month,” she said.
- The brand also plans to venture north next month with a new location on the Upper East Side.
Space out: Pop-ups are an integral part of By The Namesake’s business model, Halpern explained. (That’s true for other brands, too.) For starters, its leather jackets are primarily made-to-order, so the company doesn’t carry inventory in the temporary space. Secondly, customers will often want to be measured in person before making a purchase—you don’t need a huge space to do that, Halpern said.
The company, founded in 2016, built toward the strategy, opening pop-ups in cities like Nashville. In September (aka leather weather) of 2019, it started to experiment with new, month-long spaces in different cities—Los Angeles and Chicago, for example—until the pandemic hit.
“We actually noticed that people were coming to New York expressly to shop,” Halpern said. “That gave us pause and made us realize, rather than going to three different cities, let’s just go to New York for longer next time.”
- The city accounts for 80% of By The Namesake’s online sales.
- And: Its pop-ups in New York have brought in 6x more sales than other locations where the company popped up. Roughly 15%–20% of annual sales can be attributed to a two-week pop-up in Nolita, according to Halpern.
Click here to read more about By The Namesake’s pop-up strategy.—KM
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Supply and demand may be the duo pulling the strings of pretty much every retailer out there, but there’s change afoot, courtesy of another dream team: AI and analytics.
AI and analytics are powering a revolution in demand planning and customer experience, which is def worthy of a triumphant fist pump.
New research highlights how retailers and consumer goods companies are utilizing said data to improve supply chains, demand planning, and, of course, the customer experience.
Check out all the deets in SAS’s latest research report—and see what 1,000 global retailers and consumer goods execs had to say about:
- the various tools and initiatives used to improve forecasting and planning
- synchronization strategies and challenges around planning and forecasting
- collaboration in demand planning + customer engagement planning
And lots more. Consider our curiosity piqued.
Read all about it here.
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Graza
DTC olive-oil brand Graza and its squeeze bottle seem tailor-made to be shared on Facebook and Instagram. Kendall Dickieson, the brand’s social media consultant, and Grace Clarke, its marketing consultant, knew that from the start. But to help it sell out, Graza added a new element to its influencer strategy: retail stores.
Marketing Brew’s Phoebe Bain digs deeper, but here’s an excerpt from her story:
“We got to take a really wide view of what influencer and creator meant,” Clarke told us. The team reached out to 80 retailers around the US, offering them samples for customers as well as a few free bottles for employees. About half initially responded, and more came on board after Graza officially debuted. Her team told retailers they weren’t obligated to post about Graza, or do anything at all, in exchange.
Graza sent packages to a variety of small retailers, focusing on stores where other olive oil brands probably wouldn’t be sold—like pet stores and kids’ toy stores—under the assumption that their clientele are likely family people. These shops included Two Kids and a Dog in Dumbo, Brooklyn; Miracle Mile Toys and Gifts and Healthy Spot in LA; and Mishka Dog Boutique in San Francisco.
“Whether family for them means humans or animals, they are taking care of another creature. And we thought that might mean that they want to spend time building a home and nesting,” she said. For example, she figured parents who cook with children nearby might be interested in Graza’s plastic bottles over traditional glass ones.
Click here to read the full piece on Marketing Brew.—GT
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Macy’s said it wouldn’t split off its e-comm biz despite a push from activist investor Jana Partners to do so.
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Peloton’s member log-in page, plus some of its live and on-demand classes, has been hit by “a major outage.”
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The Home Depot’s sales continue to grow, topping $35 billion in its fiscal Q4.
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Chloé, the luxury fashion brand that created a tool to measure the social impact of sustainability, is getting ready to share a finalized version with the industry.
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Succeeding in today’s working world takes more than skill and experience. If you’re not a pro at understanding data and financial concepts, you’ll always find yourself left out of the conversations that matter.
Sign up for the Morning Brew Quantitative (MB/Q) accelerator program. Over seven weeks, you and a network of like-minded professionals will learn how to expertly use numbers to drive performance and how to better analyze financial risk before you make decisions—without hating it the whole time.
The first cohort starts soon. Seats are limited, so act fast.
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Today’s top retail reads.
Southern hospitality: Atlanta, Charleston, Nashville…The fashion industry has its sights set on a new frontier. (Business of Fashion)
Doing well: How wellness is changing the face of beauty. (Retail Dive)
On the down low: Remember Astro? Amazon debuted its household robot six months ago, but no one’s really talking about it. (Bloomberg)
More with less: Do you want more DTC customers without increasing CPA? Learn how Bearaby used no-code machine-learning platform Black Crow AI to increase ROAS by 120%. Get the deets here.*
*This is sponsored advertising content.
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Francis Scialabba
What happened in the world of retail this week in…1953 and beyond? Retail Brew takes you way, way, way back.
If only someone could take us out to the ball game:
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On February 20, 2009, the buildings that make up New York’s Garment District were listed on the National Register of Historic Places.
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Also on February 20 (but in 1953), Anheuser-Busch bought the St. Louis Cardinals for $3.75 million, including debt. It would go on to sell the baseball team in 1996 for $150 million.
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On February 23, 2001, video-game maker Sega sued Kmart for allegedly failing to pay $2.2 million of a $25.9 million bill for Dreamcast consoles it had shipped since 1999.
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And on February 26, 2007, Walmart announced a 35% stake in Taiwan-based Bounteous Co. Ltd., with reports saying the retail giant would spend about $1 billion to take full control by 2010.
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Catch up on the Retail Brew stories you may have missed.
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