thesis: lord & taylor launches design lab

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Launches Anushka Kassim December 9 th 2015

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Page 1: Thesis: Lord & Taylor Launches Design Lab

Launches

Anushka KassimDecember 9th 2015

Page 2: Thesis: Lord & Taylor Launches Design Lab

Agendao Lord & Tayloro Industry Trends o The Challengeo The Solution – Design Labo Launch Campaigno Resultso The Possible Disconnecto Moving Forward

Page 3: Thesis: Lord & Taylor Launches Design Lab
Page 4: Thesis: Lord & Taylor Launches Design Lab

A Brand of Many Firsts

"A Few of Our Favorite Things”November 12th 2015

Page 5: Thesis: Lord & Taylor Launches Design Lab

Past Communications

199119741956

Page 6: Thesis: Lord & Taylor Launches Design Lab

Industry Trends

Page 7: Thesis: Lord & Taylor Launches Design Lab

Digital Purchase Behavior

“The Surprising Facts about Who Shops Online and on Mobile.” N.p., n.d. Web. 11 Nov. 2015. Think With Google. “The Customer Journey to Online Purchase.” GoogleTool. Think With Google. N.p., n.d. Web.

198 Million, i.e. 78%, U.S. consumers made a purchase online, in the 1st

Qtr. of 2014.

How marketing channels, for Large businesses in the Shopping industry in The U.S., influence the

purchase decision

Page 8: Thesis: Lord & Taylor Launches Design Lab

These Millennials…“They

[Millennials] either buy something

expensive, or they buy Zara – because it’s a

similar sweater.

Zara has replaced the

need to spend $600 on a

Theory sweater.”

Lauren ShermanStyle and Fashion Writer

Lauren Sherman. Interview with Style and Fashion Writer, Gotham Magazine. Lord and Taylor and its Debut of Design Lab 28 Nov. 2015. Phone.

Page 9: Thesis: Lord & Taylor Launches Design Lab

Music Festivals & Fast Fashion

Code & Theory – Proprietary Analytics and Data Mining Database. Instagram API. N.p., 2015. Web.

Page 10: Thesis: Lord & Taylor Launches Design Lab

Millennials Luxury Online

Ortved, John. “Is Digital Killing the Luxury Brand?” AdWeek. N.p., n.d. Web. 30 Nov. 2015.

Page 11: Thesis: Lord & Taylor Launches Design Lab

The Challenge

Page 12: Thesis: Lord & Taylor Launches Design Lab

Who’s Shopping at Lord & Taylor?not Millennials

18-24* 25-34* 35-44 45-54 55-64 65+0%

10%

20%

30%

40%

50%Lord & Taylor’s Shoppers by Age (%)

*Low Sample SizesMRI+. Lord & Taylor In Last 3 Months: Any. MRI+, 2014. Web. Department, Clothing/Shoes & Specialty Stores - Times Shopped.

Page 13: Thesis: Lord & Taylor Launches Design Lab

L&T’s Social Engagement Pre-Design Lab

Crimson Hexagon. Lord & Taylor - Social Listen January 2013-January 2015 (Before Design Lab). Crimson Hexagon, 2015. Web.

Posts

20K

15K

10K

5K

0 17 & Below 18-24 25-34 35+

Content Sources289,523 Posts

Page 14: Thesis: Lord & Taylor Launches Design Lab

What’s In A Name?

Ariel WekslerBrand Director

“A contemporary line already existed in

stores… we just couldn’t

market it… because it was

under 60 different labels.”

Ariel Weksler. Interview with Design Lab Brand Director. The Design Lab Brand. 2 Nov. 2015. Phone.

Page 15: Thesis: Lord & Taylor Launches Design Lab
Page 16: Thesis: Lord & Taylor Launches Design Lab

Design Lab

March 2015

Page 17: Thesis: Lord & Taylor Launches Design Lab

Launch Strategy

Page 18: Thesis: Lord & Taylor Launches Design Lab

Target Audience

Jessica, 26

Page 19: Thesis: Lord & Taylor Launches Design Lab

Strategy & Messaging

Page 20: Thesis: Lord & Taylor Launches Design Lab

Tactics

Bea Miller

Page 21: Thesis: Lord & Taylor Launches Design Lab

Results

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Post Launch Conversation Trends

Topic Wheel Word Cloud

Crimson Hexagon. After Design Lab - Social Listening - April 1st 2015 - October 1st 2015. Crimson Hexagon, 2015. Web.

Page 23: Thesis: Lord & Taylor Launches Design Lab

Social Media Engagement

Year 2014 Avg.

Jan-15 Feb-15 Mar-15 Apr-15 May-15

Jun-15 Jul-15 Aug-150

5

10

15

20

25Average No. of Twitter Interactions/Month

…Maybe a D?

*Interaction = (Retweets+Favorites+Replies)/Broadcast TweetCode & Theory – Proprietary Analytics and Data Mining Database. Twitter API. N.p., 2015. Web.

Page 24: Thesis: Lord & Taylor Launches Design Lab

The Possible Disconnect

Page 25: Thesis: Lord & Taylor Launches Design Lab

Millennials –

“Over 60% of Millennials viewed content positively

when it was customized to their personal interests, was

thought-provoking, and

useful in helping them navigate

their daily lives.”“Only Meaningful Content Will Drive Brand Loyalty Among Millennials | Loyalty360.org.” N.p., n.d. Web. 7 Dec. 2015.

They’re Just Looking for Meaning

Page 26: Thesis: Lord & Taylor Launches Design Lab

Moving Forward

Page 27: Thesis: Lord & Taylor Launches Design Lab

Moving Forward –

“One of the values of this line is to be socially compliant… We are also looking to develop that ‘Made in

America’ feel in the future… And an exclusive high-end designer

collaboration.” Ariel Weksler

Design Lab Brand Director

Be Social-ly Conscious

Page 28: Thesis: Lord & Taylor Launches Design Lab

Being Socially Conscious

…Is Cool

Nielsen. “Global Consumers Are Willing To Put Their Money Where Their Heart Is When It Comes To Goods And Services From Companies Committed To Social Responsibility.” N.P., 7 June 2014. Web.

“Millennials represent 51% of those who will

pay extra for sustainable products,

and who check the packaging for

sustainable labeling.”

Page 29: Thesis: Lord & Taylor Launches Design Lab

Scarcity & Exclusivity

Kelly MeyersSr. Strategist

“Fast fashion is much more than the production side of things. There is also a

volume play here that creates the

scarcity... If I don’t buy these now

they will be gone in a week!”

Page 30: Thesis: Lord & Taylor Launches Design Lab

Collaboration with SVILU

“7 Eco-Friendly Fashion Labels to Know Now.” ELLE. N.p., n.d. Web. 7 Dec. 2015.

For those who tend toward a more relaxed,

bohemian vibe, SVILU’s

comfortable silhouettes,

romantic colors, and pretty little details will

likely call your name.

Page 31: Thesis: Lord & Taylor Launches Design Lab

Shift Perception

Social Sentiment & Engagement

Increase Footfall

Number of Visitors

Increase Visitors to the Site

Number of Retained/Retarge

ted UsersSpend/Visitor

Boost Sales & Reclaim

Market Share

Sales/Sq. FootageRevenue

Objectives KPI’s

Page 32: Thesis: Lord & Taylor Launches Design Lab

Tactics

Page 33: Thesis: Lord & Taylor Launches Design Lab

Launches

Anushka KassimDecember 9th 2015