Morning Brew - ☕ On the brand wagon

The design behind Radio Flyer’s first store.
February 13, 2024

Retail Brew

NewStore

It’s Tuesday, and the latest consumer price index dropped this morning, showing hotter-than-expected inflation in January. But we won’t see how consumers reacted until Thursday, with the release of the latest monthly retail sales numbers. If things go well, it could be a sign that the post-holiday economy is faring well—a nice little Valentine for retailers.

In today’s edition:

—Andrew Adam Newman, Katie Hicks

STORES

Circling the wagons

In a gif, a little boy rides in Tesla toy car in Radio Flyer's first store @two.busy.babies/Instagram

Walk into the Radio Flyer store, which opened in the Woodfield Mall outside Chicago in November, and it’s one of the first things you notice: parked on a bright green circle of astroturf is one of the brand’s signature red wagons, except this one is much bigger, with wheels the size of a sedan’s.

“It’s like Honey, I Shrunk the Kids,” Robert Pasin, who instead of CEO, calls himself the Chief Wagon Officer of the company, told Retail Brew.

Lori Mukoyama, a principal at Gensler who worked on the store’s design, climbed into the cart for a photo she posted to her Instagram account.

“I’m sitting in this huge wagon, but it automatically makes you feel like even as a full-grown adult, I’m kid-sized again,” Mukoyama told Retail Brew.

“It brings the child out in adults,” Pasin said. “They start laughing, they start smiling.”

It’s the first store for Radio Flyer, founded by Pasin’s grandfather, Antonio, in 1917. But it’s more than just a milestone.

Keep reading here.—AAN

     

PRESENTED BY NEWSTORE

The state of shopping

NewStore

In a digitized world, shoppers aren’t bound by brick-and-mortar stores—they can shop anywhere, anytime (yes, even there).

Why aren’t more brands meeting shoppers where they are? Only one in three brands offer an app, despite online shopping’s high conversion. It’s time for retail to embrace omnichannel strategies, and the new report from NewStore digs into why.

The 2024 Omnichannel Leadership Report analyzes the online, mobile, and in-store shopping experience of 700 brands in 10 countries from the customer’s point of view. Dig into insights about the state of omnichannel retail and how businesses are transforming their digital strategy.

Grab the full report to learn about:

  • leading omnichannel brands + how they deliver a seamless experience
  • how NewStore assessed each brand’s omnichannel maturity
  • customers’ experience across different channels

Dig into the findings.

FOOD & BEV

It’s the economy, Cupid

Illustration of spaghetti and meatballs between two cups of wine. Hannah Minn

As hard as it may be to get a reservation on Valentine’s Day, restaurants prepare virtually the same amount of food, increasing the number of dishes they serve on that date by only 1% over the daily average. But while the chefs and dishwashers may not be much busier, the checks the servers drop are heftier, with the dollar value on food alone 34% higher.

The data was prepared (and finished with a drizzle of truffle oil) by Toast, the digital platform used by ~99,000 US restaurant locations. It’s based on February 14, 2023, totals from all full-service restaurants on Toast’s platform in 11 cities, including Chicago, New York, and Los Angeles.

Either because diners were ordering more expensive items off the menu than usual, or were more inclined to order pricey daily specials as they were making googly eyes at Smoocheykins, they spent more on individual dishes last Valentine’s Day.

Keep reading here.—AAN

     

MARKETING

Cera for the skin

Michael Cera holds up a container of CeraVe lotion Screenshot via CeraVe/YouTube

It all started with a bag of lotion.

Or two, actually. When Michael Cera was photographed walking down the street with a bunch of CeraVe skin-care products in hand last month, people immediately asked, “Why?

That same day, creator Haley Kalil posted a video of Cera at a pharmacy, where he was writing his first name on bottles of CeraVe. (Michael Cera..Ve. Get it?) Then influencers started posting gift boxes with Cera’s face on them, and creator and podcaster Bobbi Althoff interviewed Cera, during which he walked off set when asked whether he was behind the brand.

Last week, a website featuring Cera and the tagline “Human skin is his passion” rolled out, as did a teaser video for what some people correctly predicted to be CeraVe’s first-ever Super Bowl commercial.

Ahead of the game, we spoke with Melanie Vidal, global brand manager for CeraVe at L’Oréal, about the strategy behind the campaign and its faux-organic lead-up.

Keep reading here on Marketing Brew.—KH

     

TOGETHER WITH IBOTTA

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SWAPPING SKUS

Today’s top retail reads.

Tech-powered shipping: Digital freight broker CDL 1000 has acquired rival NEXT Trucking, a merger that marks a further consolidation of the nascent industry using technology to help line up trucks with shipments. (the Wall Street Journal)

Crime-fighting with a message: Major retailers are using messaging apps such as WhatsApp to communicate more closely with police about theft. (The Street)

Body blow: The Body Shop, which is owned by a private equity firm, has filed its intention to appoint administrators, which could lead to store closures and job losses. (The Guardian)

Anytime, anywhere: Learn how retailers are meeting shoppers online, in store, and on mobile in The NewStore 2024 Omnichannel Leadership Report. Get insights from customers across 700 brands in 10 countries in the full report. Read on.*

*A message from our sponsor.

JOBS

Are you an exec looking to make your next career move or join a board of directors? We’ve partnered with ExecThread, where you can find thousands of confidential job opportunities and board roles that aren’t listed anywhere else. Join ExecThread for free.

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