Latest / Omni Talk Retail / Fast Five Shorts | San Diego Bans Digital-Only Coupons
Transcript
- 0:00San
- 0:00Diego
- 0:00has
- 0:01banned
- 0:02digital
- 0:03only
- 0:04store
- 0:04grocery
- 0:05store
- 0:05coupons,
- 0:06according
- 0:06to
- 0:07Grocery
- 0:07Drive,
- 0:09also
- 0:09said
- 0:09grocery
- 0:10dive.
- 0:11The
- 0:11City
- 0:11Council
- 0:12for
- 0:12San
- 0:12Diego,
- 0:13California
- 0:14unanimously
- 0:15passed
- 0:15an
- 0:15ordinance
- 0:16requiring
- 0:17grocers
- 0:18that
- 0:18offer
- 0:18digital
- 0:19discounts
- 0:19or
- 0:20coupons
- 0:20to
- 0:21make
- 0:21corresponding
- 0:22paper
- 0:22coupons
- 0:23and
- 0:23pricing
- 0:24of
- 0:24identical
- 0:24value
- 0:25available
- 0:26to
- 0:26consumers.
- 0:27Whoa.
- 0:28The
- 0:28policy
- 0:28in
- 0:28San
- 0:29Diego
- 0:29is
- 0:29reportedly
- 0:30the
- 0:30first
- 0:30of
- 0:30its
- 0:30kind
- 0:31in
- 0:31the
- 0:31U.S.
- 0:32in
- 0:32San
- 0:32Diego,
- 0:33according
- 0:33to
- 0:34the
- 0:34city,
- 0:3453,000
- 0:36households
- 0:36don't
- 0:37have
- 0:37home
- 0:37Internet.
- 0:38And
- 0:38in
- 0:38low
- 0:39income
- 0:39areas
- 0:39or
- 0:40vulnerable
- 0:40communities,
- 0:41over
- 0:4128%
- 0:42of
- 0:42the
- 0:42households
- 0:43don't
- 0:43have
- 0:44broadband
- 0:45Internet
- 0:45access
- 0:45as
- 0:46well.
- 0:47And
- 0:47this
- 0:47is
- 0:47also
- 0:48the
- 0:48put
- 0:48you
- 0:48on
- 0:48the
- 0:48spot
- 0:49question
- 0:49from
- 0:49our
- 0:49folks
- 0:50at
- 0:50the
- 0:50A
- 0:50and
- 0:50M
- 0:50consumer
- 0:51and
- 0:51retail
- 0:51group.
- 0:52And
- 0:52they
- 0:53want
- 0:53to
- 0:53know,
- 0:53quote,
- 0:54do
- 0:54you
- 0:54applaud
- 0:55Ron
- 0:55Burgundy's
- 0:56hometown's
- 0:57attempt
- 0:57for
- 0:58promotional
- 0:58equality
- 0:59or
- 0:59critique
- 1:00the
- 1:00means
- 1:01or
- 1:01perhaps
- 1:01both?
- 1:02San
- 1:03Diego,
- 1:04I
- 1:04think
- 1:04you're
- 1:04going,
- 1:05I
- 1:06think
- 1:06you're
- 1:06going
- 1:06the
- 1:07entire
- 1:08wrong
- 1:08route
- 1:08with
- 1:08paper
- 1:09coupons.
- 1:09I
- 1:10think
- 1:10this
- 1:10is
- 1:10just.
- 1:10You
- 1:11do,
- 1:11it's
- 1:12not
- 1:12the
- 1:12right
- 1:12way
- 1:12to
- 1:12go.
- 1:13I
- 1:13think,
- 1:13like
- 1:14I
- 1:14just
- 1:14mentioned,
- 1:14disenfranchise
- 1:15the
- 1:1553,000
- 1:16people.
- 1:17No,
- 1:17no,
- 1:18no,
- 1:18I
- 1:18do
- 1:18not
- 1:18want
- 1:18to
- 1:18do
- 1:19that.
- 1:19I.
- 1:19But
- 1:19I
- 1:20think
- 1:20like
- 1:20I
- 1:20mentioned
- 1:21in
- 1:21the
- 1:21Instacart
- 1:22story,
- 1:22winning
- 1:23in
- 1:23grocery
- 1:23right
- 1:23now
- 1:24is
- 1:24100%
- 1:25about
- 1:25loyalty.
- 1:26And
- 1:26it's
- 1:26again,
- 1:27it's
- 1:27going
- 1:27to
- 1:27become
- 1:28even
- 1:28more
- 1:29so
- 1:29as
- 1:29tariffs
- 1:30come
- 1:30into
- 1:30place
- 1:31as,
- 1:31you
- 1:31know,
- 1:32food
- 1:32prices
- 1:33go
- 1:33up.
- 1:33So
- 1:34I
- 1:34think
- 1:34if
- 1:34I
- 1:34were
- 1:35a
- 1:35grocer
- 1:35right
- 1:35now,
- 1:36I
- 1:36would
- 1:37take
- 1:37a
- 1:37hard
- 1:38look
- 1:38at
- 1:38my
- 1:38loyalty
- 1:39program
- 1:39and
- 1:40just
- 1:40apply
- 1:40these
- 1:41discounts
- 1:41to
- 1:41everyone
- 1:42with
- 1:42a
- 1:42loyalty
- 1:43card.
- 1:43Go
- 1:43the
- 1:44way
- 1:44of,
- 1:44you
- 1:44know,
- 1:45Walmart
- 1:45plus,
- 1:45of
- 1:46Target
- 1:46Circle,
- 1:46where
- 1:47if
- 1:47you
- 1:47just
- 1:47scrap,
- 1:47scan
- 1:48the
- 1:48barcode,
- 1:49whether
- 1:49that's,
- 1:49you
- 1:50know,
- 1:50your
- 1:50physical
- 1:50barcode
- 1:51that
- 1:51you
- 1:51have
- 1:52on
- 1:52a
- 1:52card
- 1:52or
- 1:52you're
- 1:53doing
- 1:53that
- 1:53in
- 1:53a
- 1:53digital
- 1:54form,
- 1:54put
- 1:54your.
- 1:54Phone
- 1:54number
- 1:55in
- 1:55at
- 1:55the
- 1:55cash
- 1:56register.
- 1:56Or
- 1:56whatever,
- 1:57you
- 1:57get
- 1:57the
- 1:57discounts.
- 1:58Because
- 1:58I
- 1:58think
- 1:58it's
- 1:59more
- 1:59valuable
- 2:00for
- 2:00me
- 2:00as
- 2:00a,
- 2:01in
- 2:01the
- 2:01long
- 2:01run
- 2:02as
- 2:02a
- 2:02grocery
- 2:03store
- 2:03owner
- 2:04to
- 2:04have
- 2:04that
- 2:05information
- 2:05about
- 2:06my
- 2:06customers
- 2:07and
- 2:07to
- 2:07use
- 2:08that
- 2:08for
- 2:08other
- 2:08things
- 2:09like,
- 2:09you
- 2:09know,
- 2:10retail
- 2:10media
- 2:11or
- 2:11better
- 2:12more
- 2:12personalized
- 2:12promotions
- 2:13or
- 2:13things
- 2:13like
- 2:14that
- 2:14than
- 2:15it
- 2:15is
- 2:15for
- 2:15me
- 2:16to
- 2:16go
- 2:17through
- 2:17the
- 2:17expense
- 2:17of
- 2:18producing
- 2:18a
- 2:18circular
- 2:19or
- 2:19having
- 2:20myself
- 2:21be
- 2:21at
- 2:21risk
- 2:21of
- 2:22like,
- 2:22not
- 2:22putting
- 2:22all
- 2:23the
- 2:23right
- 2:23coupons
- 2:23out
- 2:23in
- 2:24time
- 2:24or
- 2:24relying
- 2:24on
- 2:25store
- 2:25labor
- 2:25to
- 2:25put
- 2:26signs
- 2:26up,
- 2:26that
- 2:26kind
- 2:27of
- 2:27thing.
- 2:27Like,
- 2:27I
- 2:28just
- 2:28think
- 2:28you
- 2:28have
- 2:28to
- 2:29focus
- 2:29on
- 2:29being
- 2:30the
- 2:30best
- 2:31price
- 2:31leader,
- 2:32the
- 2:32most
- 2:33personalized
- 2:34shopping
- 2:35experience
- 2:35for
- 2:36your
- 2:36consumers.
- 2:36And
- 2:37that
- 2:37comes
- 2:37down
- 2:37to
- 2:37like,
- 2:38focusing
- 2:38hard
- 2:39here
- 2:39on
- 2:39loyalty
- 2:40and
- 2:40not
- 2:40dealing
- 2:41like
- 2:41Paper
- 2:41coupons,
- 2:42man.
- 2:42It's
- 2:42just
- 2:42a
- 2:42back.
- 2:43It's,
- 2:43it's
- 2:43going
- 2:44back
- 2:44in
- 2:44time
- 2:44and
- 2:44not
- 2:45taking
- 2:45the
- 2:45right
- 2:45approach.
- 2:46I,
- 2:46I
- 2:46think
- 2:46that's
- 2:47absolutely
- 2:47the,
- 2:48the
- 2:48wrong,
- 2:49wrong
- 2:49move
- 2:49here.
- 2:51Yeah,
- 2:51you're
- 2:51right.
- 2:51And,
- 2:52and
- 2:52the
- 2:52other
- 2:52thing
- 2:52too
- 2:52is
- 2:53like,
- 2:53God,
- 2:53how
- 2:53many
- 2:54bullets
- 2:54are
- 2:54lined
- 2:54up
- 2:55against
- 2:55the
- 2:55average
- 2:55grocer,
- 2:56you
- 2:56know,
- 2:56like
- 2:57how
- 2:57many
- 2:57bullets
- 2:57are
- 2:57in
- 2:57the
- 2:57chamber
- 2:58just
- 2:58making
- 2:58their
- 2:58job
- 2:59just
- 2:59harder,
- 3:00you
- 3:00know,
- 3:00for
- 3:00sure,
- 3:01at
- 3:01the
- 3:01same
- 3:01time.
- 3:01Right.
- 3:02You
- 3:02know,
- 3:02you
- 3:02know,
- 3:02right.
- 3:03Like
- 3:03disenfranchisement
- 3:04is
- 3:04real.
- 3:04And
- 3:05it's
- 3:05partly
- 3:05why,
- 3:05you
- 3:06know,
- 3:06we,
- 3:07at
- 3:07least
- 3:07for
- 3:07me,
- 3:08like
- 3:08I
- 3:08got,
- 3:08I
- 3:09got
- 3:09into
- 3:09this
- 3:09whole
- 3:10business
- 3:10that
- 3:10we've
- 3:10been
- 3:10in
- 3:11for
- 3:11the
- 3:11past
- 3:11eight
- 3:11years,
- 3:11is
- 3:12to
- 3:12speak
- 3:12out
- 3:12about
- 3:13technology's
- 3:14impact
- 3:14on
- 3:15the
- 3:15end
- 3:15consumer
- 3:16and
- 3:16to
- 3:16make
- 3:16sure
- 3:17it's
- 3:17being
- 3:17utilized
- 3:17in
- 3:18the
- 3:18right
- 3:18way.
- 3:19So.
- 3:19But
- 3:19I
- 3:19think
- 3:19the
- 3:20point
- 3:20you're
- 3:20making
- 3:20is
- 3:20really
- 3:21interesting
- 3:21here
- 3:22because
- 3:22the
- 3:22counter
- 3:23is
- 3:23also
- 3:23true,
- 3:23actually,
- 3:24when
- 3:24I
- 3:24think
- 3:24about
- 3:24it
- 3:24broadly
- 3:24in
- 3:25the
- 3:25industry.
- 3:25So,
- 3:26you
- 3:26know,
- 3:26if,
- 3:26if
- 3:27you're.
- 3:27As
- 3:28if
- 3:28your
- 3:28store
- 3:29effort
- 3:29couponing
- 3:30is
- 3:30also
- 3:31not.
- 3:31And
- 3:31discounting
- 3:32is
- 3:32also
- 3:32not
- 3:32transparent,
- 3:33it
- 3:33doesn't
- 3:33play
- 3:34well
- 3:34in
- 3:34the
- 3:34opposite
- 3:35space
- 3:35in
- 3:35the
- 3:35online
- 3:35space.
- 3:36And
- 3:36I
- 3:36think
- 3:36of
- 3:36Kohl's
- 3:37as
- 3:37an
- 3:37example
- 3:37for
- 3:37that.
- 3:38So,
- 3:38so
- 3:39in
- 3:39a
- 3:39world
- 3:39where
- 3:39the
- 3:39two
- 3:40things
- 3:40are
- 3:40blending
- 3:40stores
- 3:41and
- 3:41online,
- 3:41you
- 3:41know,
- 3:41from
- 3:42an
- 3:42omnichannel
- 3:42perspective,
- 3:43which
- 3:43is
- 3:43what
- 3:43our
- 3:43show's
- 3:44about,
- 3:44I
- 3:45think
- 3:45you're
- 3:45right.
- 3:45It
- 3:45does
- 3:45make
- 3:46sense
- 3:46for
- 3:46retailers
- 3:47to
- 3:47be.
- 3:47And
- 3:48it
- 3:48would
- 3:48be
- 3:48wise
- 3:48for
- 3:48them
- 3:49to
- 3:49get
- 3:49one
- 3:50simplified,
- 3:50easy
- 3:51to
- 3:51understand
- 3:51loyalty
- 3:52promise
- 3:52with
- 3:53their
- 3:53shoppers
- 3:53however
- 3:53they
- 3:54want
- 3:54to
- 3:54do
- 3:54that.
- 3:54There's
- 3:55lots
- 3:55of
- 3:55ways
- 3:55to
- 3:55do
- 3:55that.
- 3:55But
- 3:55I
- 3:56think
- 3:56you're
- 3:56right.
- 3:57That's
- 3:57what
- 3:57this
- 3:57story
- 3:58tells
- 3:58me.
- 3:58First
- 3:58and
- 3:59foremost
- 3:59as
- 3:59a
- 3:59retail
- 4:00executive,
- 4:00if
- 4:00I'm
- 4:00sitting
- 4:00in
- 4:01the
- 4:01chair,
- 4:01is
- 4:01like,
- 4:01we
- 4:02have
- 4:02to
- 4:02get
- 4:02our
- 4:02loyalty
- 4:03program
- 4:03moving
- 4:03in
- 4:04that
- 4:04direction
- 4:05so
- 4:05that
- 4:05regardless
- 4:06of
- 4:06how
- 4:06people
- 4:06want
- 4:06to
- 4:07shop,
- 4:07we're
- 4:07not
- 4:08encumbered
- 4:09by
- 4:09the
- 4:10legacy
- 4:10infrastructural
- 4:11needs
- 4:12that
- 4:12are
- 4:12going
- 4:12to
- 4:12bring
- 4:12down
- 4:13our
- 4:13business
- 4:13from
- 4:13a
- 4:13cost
- 4:14perspective
- 4:14or
- 4:14be
- 4:15distracting.
- 4:15So
- 4:15I
- 4:15think,
- 4:16I
- 4:16think
- 4:16it's
- 4:16an
- 4:16awesome
- 4:16point
- 4:16you
- 4:17brought
- 4:17up.