Tuesday, October 30, 2018

Nike and the Store of the Future ... Today

It started for me with the launch of the Nike Apple Watch.

An Apple Watch branded specific to Nike.  Cool looking too.  There's much more going on there than I realized at first however.  If a loyal Nike customer is wearing that watch, they likely have the Nike app to go with it and ... what happens when that combination goes to a mall near a Nike store?

Bingo.

Nike Stores are really at the cutting edge as this piece talks about.  Here is a snippet from the piece:

Retail isn’t dead, boring retail is. That was the sermon Nike was preaching at its New York City headquarters yesterday in a presentation by chief digital officer Adam Sussman, senior director of Nike Stores Experience Michelle Warvel, and Ron Faris, head of Nike’s SNKRS app and s23 NYC digital studio. The brand is using SNKRS to connect with culture, experimenting with turning experiences into retail opportunities, as well as preparing to roll out in-store features in which customers check out their new kicks with their phone.

I love how that article begins by the way.  So very true!

I talk about the traditional ranking of retailers, Tier 5 the smallest like your local christmas tree vendor, and Tier 1 the largest like Walmart.  There is really a "super tier" now.  Those retailers putting it all together: digital interactions (mobile and social), ecommerce, and a great in-store experience.  They are the very top of the list.  Some companies can do one of those great and succeed but they'll never be the biggest of the big.  Two gets you a long ways but the very best do it all.

Here is the full story:

https://www.fastcompany.com/90256871/nike-showcases-its-mobile-vision-for-the-future-of-retail

Happy Reading,

J.W. Gant

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