Latest / Omni Talk Retail / IKEA Welcomes Decathlon Into Its Stores | Fast Five Shorts
Transcript
- 0:00Ikea
- 0:00is
- 0:00opening
- 0:01its
- 0:01iconic
- 0:01blue
- 0:02box
- 0:02stores
- 0:02to
- 0:02other
- 0:02retailers
- 0:03for
- 0:03the
- 0:03first
- 0:04time,
- 0:04announcing
- 0:05that
- 0:05French
- 0:05sporting
- 0:06goods
- 0:06giant
- 0:06Decathlon
- 0:07will
- 0:07open
- 0:07a
- 0:07standalone
- 0:08store
- 0:08within
- 0:08a
- 0:09store
- 0:09at
- 0:09ikea's
- 0:09Croydon
- 0:10location
- 0:10in
- 0:11the
- 0:11UK
- 0:11this
- 0:11spring.
- 0:12According
- 0:12to
- 0:13Reuters
- 0:13and
- 0:13Inka
- 0:14Group,
- 0:14the
- 0:14Decathlon
- 0:15location
- 0:15will
- 0:15occupy
- 0:16just
- 0:16under
- 0:161200
- 0:17square
- 0:17meters
- 0:18with
- 0:18its
- 0:18own
- 0:19dedicated
- 0:19entrance
- 0:20inside
- 0:20IKEA's
- 0:2125,000
- 0:22square
- 0:22meter
- 0:22Croydon
- 0:23store.
- 0:23With
- 0:23doors
- 0:23set
- 0:24to
- 0:24open
- 0:24this
- 0:24spring.
- 0:25Inka
- 0:25Group,
- 0:25the
- 0:26world's
- 0:26largest
- 0:26Ikea
- 0:26franchise,
- 0:27confirmed
- 0:27that
- 0:27this
- 0:28is
- 0:28the
- 0:28first
- 0:28time
- 0:28a
- 0:29major
- 0:29global
- 0:29brand
- 0:30has
- 0:30been
- 0:30hosted
- 0:31inside
- 0:31one
- 0:31of
- 0:31its
- 0:31blue
- 0:32box
- 0:32stores.
- 0:32Those
- 0:33smaller
- 0:33pilots
- 0:33with
- 0:34Nordics
- 0:34electronics
- 0:35retailer
- 0:35Keel
- 0:36Co.
- 0:36Ran
- 0:37into
- 0:37Swedish
- 0:37IKEA
- 0:38stores
- 0:38last
- 0:38year.
- 0:39Commercial
- 0:40manager
- 0:40Javier
- 0:41Quinones
- 0:42said,
- 0:42quote,
- 0:42our
- 0:43ambition
- 0:43is
- 0:43to
- 0:43become
- 0:43as
- 0:44accessible
- 0:44as
- 0:44ever
- 0:45and
- 0:45give
- 0:45customers
- 0:46more
- 0:46reason
- 0:46to
- 0:46visit
- 0:47us
- 0:47wherever
- 0:47they
- 0:48are
- 0:48on
- 0:48their
- 0:48home
- 0:49journey.
- 0:49End
- 0:49quote.
- 0:50Joanna,
- 0:51put
- 0:52you
- 0:52in
- 0:52putting
- 0:52you
- 0:52on
- 0:53the
- 0:53spot
- 0:53this
- 0:53week.
- 0:53Are
- 0:54you
- 0:54buying
- 0:54or
- 0:55selling
- 0:55the
- 0:55idea
- 0:56of
- 0:56buying
- 0:56sporting
- 0:56goods
- 0:57while
- 0:57shopping
- 0:58at
- 0:58ikea?
- 0:59I'm
- 0:59going
- 0:59to
- 0:59isolate
- 1:00the
- 1:00buying
- 1:00sporting
- 1:01goods
- 1:01while
- 1:01buying
- 1:01a
- 1:01sofa
- 1:02for
- 1:02a
- 1:02second
- 1:03and
- 1:03just
- 1:03say
- 1:04I
- 1:04am
- 1:05all
- 1:05for
- 1:06the
- 1:06idea
- 1:06of
- 1:07trying
- 1:07to
- 1:10monetize
- 1:11extra
- 1:12excess
- 1:12space
- 1:13in
- 1:13these
- 1:14big
- 1:14boxes
- 1:14that
- 1:15IKEA
- 1:15has.
- 1:15Right.
- 1:16They
- 1:16were
- 1:16built
- 1:16for
- 1:16a
- 1:17certain
- 1:17time.
- 1:17They
- 1:17now
- 1:18have
- 1:18these
- 1:18mammoth
- 1:20stores
- 1:20that
- 1:20require
- 1:21a
- 1:21mammoth
- 1:21assortment
- 1:22to
- 1:22fill.
- 1:22And
- 1:22so
- 1:23I
- 1:23think
- 1:23we
- 1:23recognizing
- 1:24that
- 1:25there
- 1:25might
- 1:25be
- 1:25another
- 1:26way
- 1:26to
- 1:27drive
- 1:27traffic
- 1:28while
- 1:29monetizing
- 1:29that
- 1:30makes
- 1:31makes
- 1:31good
- 1:31sense.
- 1:32Now
- 1:32whether
- 1:33Decathlon
- 1:34is
- 1:34right
- 1:34or
- 1:34not,
- 1:35I
- 1:35think
- 1:35there's,
- 1:35you
- 1:36know,
- 1:36a
- 1:36little
- 1:36bit
- 1:36IKEA
- 1:37and
- 1:37Decathlon
- 1:38customers
- 1:38tend
- 1:38to
- 1:39be,
- 1:39you
- 1:39know,
- 1:40focused
- 1:40more
- 1:40on
- 1:41sort
- 1:41of
- 1:41value
- 1:42oriented
- 1:43consumers
- 1:44who
- 1:44are
- 1:44making
- 1:44lifestyle
- 1:45purchases.
- 1:46So
- 1:46there's
- 1:46a
- 1:46little
- 1:46bit
- 1:47of
- 1:47harmony
- 1:47that
- 1:48that
- 1:48makes
- 1:48sense.
- 1:50Makes
- 1:50sense
- 1:50there
- 1:50to
- 1:50me.
- 1:51But
- 1:52also
- 1:52the
- 1:52philosophy
- 1:53of
- 1:53turning
- 1:54stores
- 1:54into
- 1:55destinations
- 1:55and
- 1:56I
- 1:56think
- 1:56we're
- 1:56seeing
- 1:56this
- 1:57in
- 1:58a
- 1:58variety
- 1:58of
- 1:58ways.
- 2:00A
- 2:00couple
- 2:00weeks
- 2:00ago
- 2:01or
- 2:01last
- 2:01month
- 2:02rather
- 2:02on
- 2:02on
- 2:03Omni
- 2:03Talk,
- 2:03you
- 2:03all
- 2:03were
- 2:04talking
- 2:04about
- 2:04the
- 2:04regional
- 2:05grocers
- 2:06with
- 2:06the
- 2:06beer
- 2:06garden
- 2:07and
- 2:07trying
- 2:07to
- 2:07just
- 2:08turn
- 2:08it
- 2:08into
- 2:08a
- 2:08destination.
- 2:09You
- 2:09know,
- 2:09people
- 2:10going
- 2:10to
- 2:10IKEA
- 2:11and
- 2:11dining
- 2:12there
- 2:12and
- 2:12using
- 2:12it
- 2:13as
- 2:14a
- 2:14place
- 2:14for
- 2:14dining?
- 2:15My
- 2:15my
- 2:16local
- 2:16IKEA
- 2:17hosts
- 2:18trivia
- 2:18nights.
- 2:19So,
- 2:19you
- 2:19know,
- 2:19am
- 2:20I
- 2:20thinking
- 2:20about
- 2:20assembling
- 2:21a
- 2:21cabinet
- 2:22while
- 2:22doing
- 2:23bar
- 2:23trivia?
- 2:24No.
- 2:24But
- 2:24does
- 2:25it
- 2:25make
- 2:25it
- 2:25a
- 2:25destination
- 2:26for
- 2:27people
- 2:27who
- 2:27then,
- 2:27you
- 2:28know,
- 2:28may
- 2:28end
- 2:29up
- 2:29going
- 2:29there
- 2:29that
- 2:30weren't
- 2:30otherwise
- 2:30going
- 2:31to
- 2:31or
- 2:31pick
- 2:32up
- 2:32something
- 2:32along
- 2:33the
- 2:33way
- 2:33maybe.
- 2:34And
- 2:34so
- 2:34I
- 2:34think
- 2:34it's
- 2:35in
- 2:35that
- 2:35same
- 2:35vein.
- 2:36Now
- 2:36there's
- 2:36some
- 2:36lessons
- 2:37to
- 2:37be
- 2:37learned
- 2:37because
- 2:38we've
- 2:38seen
- 2:38others
- 2:38try
- 2:39and
- 2:39do
- 2:39this.
- 2:40And
- 2:41we've
- 2:41seen
- 2:41Nick's
- 2:41success,
- 2:42Kohl's
- 2:42and
- 2:42Sephora,
- 2:43tremendous,
- 2:44strong
- 2:44financial
- 2:45performance
- 2:45in
- 2:46their
- 2:46success
- 2:46story
- 2:47of
- 2:47kind
- 2:47of
- 2:47a
- 2:47store
- 2:47within
- 2:48a
- 2:48store.
- 2:49Different
- 2:49when
- 2:50we
- 2:50talk
- 2:50about
- 2:50Target
- 2:51and
- 2:51Ulta
- 2:51and
- 2:52the
- 2:52fact
- 2:52that
- 2:52that
- 2:52partnership
- 2:53is
- 2:53ending
- 2:53in
- 2:54August.
- 2:54And
- 2:54so
- 2:55it's
- 2:56mixed
- 2:56as
- 2:56to
- 2:56the
- 2:57success
- 2:57of
- 2:57it.
- 2:57The
- 2:58one,
- 2:58the
- 2:58one
- 2:58big
- 2:59thing,
- 2:59though,
- 2:59that
- 2:59stood
- 2:59out
- 3:00was
- 3:00the
- 3:00emphasis
- 3:01on
- 3:01a
- 3:01dedicated
- 3:02entrance
- 3:03to
- 3:03decathlon,
- 3:04which
- 3:04did
- 3:05feel
- 3:05a
- 3:05little
- 3:05bit
- 3:06like
- 3:06it
- 3:06was
- 3:06undercutting
- 3:07the
- 3:07idea
- 3:07of
- 3:07getting
- 3:08people
- 3:08into
- 3:09Ikea
- 3:09so
- 3:10that.
- 3:10That
- 3:10I
- 3:10had
- 3:10a
- 3:11little
- 3:11bit
- 3:11more
- 3:11of
- 3:11a
- 3:11question
- 3:12mark
- 3:12on
- 3:12feels.
- 3:12Mollish.
- 3:13All
- 3:13right,
- 3:13so
- 3:14I'm
- 3:14going
- 3:14to.
- 3:14Put
- 3:14your
- 3:14feet
- 3:15to
- 3:15the
- 3:15fire.
- 3:15Put
- 3:15your
- 3:16feet
- 3:16to
- 3:16the
- 3:16fire.
- 3:17Do
- 3:17you
- 3:17think
- 3:18this
- 3:18experiment
- 3:18works
- 3:19and
- 3:19that
- 3:19we
- 3:19will
- 3:19see
- 3:19more
- 3:20decathlons
- 3:21inside
- 3:21of
- 3:21IKEA's
- 3:22in
- 3:22the
- 3:22next
- 3:22five
- 3:22to
- 3:2310
- 3:23years?
- 3:24I
- 3:24think
- 3:24we
- 3:25will
- 3:25likely
- 3:25see
- 3:26more
- 3:26stores
- 3:26within
- 3:27Ikea's.
- 3:27Whether
- 3:28they're
- 3:28decathlons
- 3:29or
- 3:29not,
- 3:29I
- 3:29don't
- 3:30know.
- 3:30But
- 3:30I
- 3:30think
- 3:31they
- 3:31are
- 3:31massive.
- 3:31They
- 3:32are
- 3:32kind
- 3:32of
- 3:32malls
- 3:33within
- 3:33malls
- 3:33to
- 3:33your
- 3:34point.
- 3:34And
- 3:34so
- 3:34I
- 3:34would
- 3:35not
- 3:35be
- 3:35surprised
- 3:35if
- 3:36we
- 3:36started
- 3:36seeing
- 3:37more
- 3:38of
- 3:38that
- 3:38trend.
- 3:39So
- 3:39we'll
- 3:40see
- 3:40more
- 3:40of
- 3:40the
- 3:40shop
- 3:40within
- 3:41the
- 3:41shop.
- 3:41It's
- 3:41just,
- 3:42I
- 3:42would
- 3:42not
- 3:42be
- 3:42surprised
- 3:43the
- 3:43cocktail
- 3:43that
- 3:44they
- 3:44want
- 3:44to
- 3:44use
- 3:44that
- 3:45works
- 3:45with
- 3:45their
- 3:45brand.
- 3:46Okay.
- 3:46Correct.
- 3:46All
- 3:47right,
- 3:47all
- 3:47right.
- 3:47I'm
- 3:48going
- 3:48to
- 3:48come
- 3:48out
- 3:48and
- 3:49say
- 3:49it
- 3:49like,
- 3:49I
- 3:49summarily
- 3:50hate
- 3:51this
- 3:51partnership.
- 3:52Like,
- 3:52I
- 3:52just
- 3:52do.
- 3:52I
- 3:53think
- 3:53it
- 3:53flies
- 3:53in
- 3:54the
- 3:54face
- 3:54of
- 3:54why
- 3:54I
- 3:55go
- 3:55to
- 3:55ikea.
- 3:55I've
- 3:56said
- 3:56this
- 3:56on
- 3:56this
- 3:56show
- 3:57so
- 3:57many
- 3:57times.
- 3:58You
- 3:58go
- 3:58there
- 3:59because
- 3:59you
- 3:59have
- 3:59to
- 3:59get
- 4:00the
- 4:00chore
- 4:00of
- 4:00furniture
- 4:01shopping
- 4:01done
- 4:01most
- 4:02of
- 4:02the
- 4:02time.
- 4:02You
- 4:02have
- 4:02to
- 4:02do
- 4:02that
- 4:03on
- 4:03the
- 4:03weekends.
- 4:03It's
- 4:03a
- 4:03long
- 4:04trip,
- 4:04which
- 4:04is
- 4:04why
- 4:04it's
- 4:04good
- 4:05to
- 4:05have
- 4:05food
- 4:05there
- 4:05and
- 4:05you
- 4:06can
- 4:06get
- 4:06your
- 4:06Swedish
- 4:06meatballs
- 4:07at
- 4:07a
- 4:07low
- 4:07price.
- 4:08Sporting
- 4:09goods.
- 4:10Buying
- 4:10sporting
- 4:10goods
- 4:11are
- 4:11not
- 4:12part
- 4:12of
- 4:12checking
- 4:12that
- 4:13chore
- 4:14off
- 4:14of
- 4:14my
- 4:14to
- 4:15do
- 4:15list.
- 4:15They're
- 4:15just.
- 4:15They're
- 4:16just
- 4:16not.
- 4:17I'd
- 4:17much
- 4:17rather
- 4:18see
- 4:18things
- 4:18like,
- 4:18to
- 4:18your
- 4:18point,
- 4:18Joanna,
- 4:19I'd
- 4:19much
- 4:19rather
- 4:19see
- 4:20things
- 4:20like,
- 4:20why
- 4:20don't
- 4:20you
- 4:21bring
- 4:21TVs
- 4:21into
- 4:21the
- 4:21store,
- 4:22IKEA?
- 4:22I
- 4:22mean,
- 4:23there's
- 4:23an
- 4:23idea
- 4:24or
- 4:24like
- 4:24how
- 4:25to
- 4:25install
- 4:25a
- 4:25security
- 4:26system
- 4:26or
- 4:26get
- 4:27your
- 4:27lawn
- 4:27and
- 4:27snow
- 4:28removal
- 4:28services,
- 4:28you
- 4:29know,
- 4:29all
- 4:29set
- 4:30up
- 4:30here
- 4:30as
- 4:30you're
- 4:30moving
- 4:30into
- 4:31your
- 4:31house,
- 4:31whatever
- 4:32it
- 4:32is.
- 4:32There's
- 4:32so
- 4:32many
- 4:33different
- 4:33ideas
- 4:33that
- 4:33I
- 4:34would
- 4:34go
- 4:34after
- 4:34before
- 4:34I
- 4:35would
- 4:35think
- 4:35about
- 4:35sporting
- 4:36goods.
- 4:37But,
- 4:37Cassie,
- 4:38talk
- 4:38me
- 4:38off
- 4:38the
- 4:38ledge.
- 4:39Tell
- 4:39me
- 4:39if
- 4:39I'm
- 4:39right.
- 4:39Tell
- 4:40me
- 4:40if
- 4:40I'm
- 4:40wrong.
- 4:40What
- 4:41am
- 4:41I
- 4:41missing?
- 4:42I
- 4:42have
- 4:43to
- 4:43agree
- 4:43with
- 4:43you,
- 4:43Chris.
- 4:44And
- 4:44so
- 4:45I
- 4:45think
- 4:45it's
- 4:46a
- 4:46strategy
- 4:47kind
- 4:47of
- 4:47disguised
- 4:48by
- 4:48just
- 4:48Ikea's
- 4:49becoming
- 4:49a
- 4:49landlord.
- 4:50They
- 4:50have
- 4:51boxes
- 4:52that
- 4:52are
- 4:52too
- 4:52big.
- 4:53People
- 4:53are
- 4:53increasingly
- 4:54buying
- 4:54furniture
- 4:55online,
- 4:55so,
- 4:56you
- 4:56know,
- 4:56their
- 4:56assortments
- 4:57not
- 4:57needing
- 4:58to
- 4:58be
- 4:58as
- 4:58large
- 4:59in
- 4:59stores.
- 4:59And
- 5:00so
- 5:00I
- 5:00think
- 5:01saying
- 5:01that
- 5:01this
- 5:01is
- 5:02a
- 5:02strategic
- 5:02play,
- 5:03that
- 5:03you're.
- 5:04You're
- 5:04not
- 5:04coming
- 5:04to
- 5:05buy
- 5:05a
- 5:05soccer
- 5:06ball
- 5:06at
- 5:06the
- 5:06same
- 5:06time
- 5:06I'm
- 5:07buying,
- 5:07you
- 5:07know,
- 5:08a
- 5:08dresser.
- 5:08It
- 5:09just
- 5:09doesn't
- 5:09make
- 5:09sense.
- 5:09And
- 5:09I
- 5:10think
- 5:10that
- 5:10is
- 5:10why
- 5:10they're
- 5:11stressing
- 5:11the
- 5:12independent
- 5:13entrance.
- 5:14And
- 5:14so
- 5:14that,
- 5:14to
- 5:15me,
- 5:15just
- 5:15flagged
- 5:16landlord,
- 5:16not.
- 5:17This
- 5:17is
- 5:17truly,
- 5:18you
- 5:18know,
- 5:19a
- 5:19concept
- 5:19that
- 5:19we
- 5:20want
- 5:20to
- 5:20continue
- 5:20to,
- 5:21you
- 5:21know,
- 5:21evolve
- 5:22with
- 5:22decathlon.
- 5:23It's
- 5:23as
- 5:23we
- 5:23have
- 5:24space
- 5:24that
- 5:24we
- 5:24can
- 5:25repurpose,
- 5:25we
- 5:26will
- 5:26find
- 5:26the
- 5:26best
- 5:26tenant
- 5:27for
- 5:27it.
- 5:27And
- 5:28as
- 5:28long
- 5:28as
- 5:28it
- 5:28is
- 5:28complementary
- 5:29enough,
- 5:31we
- 5:31can
- 5:31say
- 5:31that
- 5:31this
- 5:32is
- 5:32the
- 5:32strategy.
- 5:32I
- 5:33just
- 5:33don't
- 5:33fully
- 5:33see
- 5:34it
- 5:34as,
- 5:34you
- 5:34know,
- 5:35becoming
- 5:35one.
- 5:36I'm
- 5:36going
- 5:37to
- 5:37Ikea
- 5:38for
- 5:38the
- 5:38same
- 5:38purpose
- 5:38as
- 5:38going
- 5:39to
- 5:39decathlon.
- 5:40Yeah.
- 5:40And
- 5:41in
- 5:41eight
- 5:41years
- 5:41of
- 5:42doing
- 5:42this
- 5:42show,
- 5:42I
- 5:42think
- 5:42you
- 5:42just
- 5:43summed
- 5:43it
- 5:43up
- 5:43perfectly.
- 5:43Whenever
- 5:44you're
- 5:44asking
- 5:44the
- 5:44question,
- 5:44am
- 5:45I
- 5:45a
- 5:45landlord
- 5:45or
- 5:45a
- 5:46retailer,
- 5:46it
- 5:47generally
- 5:47doesn't
- 5:47work.
- 5:48So
- 5:48that's
- 5:48just
- 5:49my
- 5:49one
- 5:49caveat
- 5:49here.