Latest / Omni Talk Retail / IKEA Inside Best Buy: Genius Partnership or Expensive Mistake | Fast Five Shorts
Transcript
- 0:00IKEA
- 0:00is
- 0:00planning
- 0:01to
- 0:01open
- 0:01mini
- 0:02showrooms
- 0:02inside
- 0:03of
- 0:03Best
- 0:03Buys.
- 0:04According
- 0:04to
- 0:05the
- 0:05Star
- 0:05Tribune
- 0:05and
- 0:05our
- 0:06friend
- 0:06Carson
- 0:06Hartzog,
- 0:07the
- 0:08Swedish
- 0:08home
- 0:08goods
- 0:09giant
- 0:09will
- 0:09feature
- 0:09kitchen
- 0:10and
- 0:10laundry
- 0:10products
- 0:11inside
- 0:11mini
- 0:11showrooms
- 0:12at
- 0:12select
- 0:13Best
- 0:13Buy
- 0:13locations.
- 0:14And
- 0:14the
- 0:14store
- 0:15in
- 0:15stores
- 0:15will
- 0:15also
- 0:16feature
- 0:16Best
- 0:16Buy
- 0:17appliances.
- 0:17The
- 0:18first
- 0:1810
- 0:18shops
- 0:19will
- 0:19launch
- 0:19in
- 0:19Florida
- 0:19and
- 0:19Texas,
- 0:20and
- 0:20the
- 0:20new
- 0:20locations
- 0:21will
- 0:21be
- 0:21staffed
- 0:21by
- 0:22IKEA
- 0:22designers
- 0:23and
- 0:23will
- 0:23offer
- 0:23consultation
- 0:24services.
- 0:25The
- 0:25first
- 0:25locations
- 0:26will
- 0:26open
- 0:26in
- 0:27the
- 0:27fall.
- 0:27Two
- 0:27stores
- 0:28will
- 0:28also
- 0:28serve
- 0:28as
- 0:29IKEA
- 0:29fulfillment
- 0:29centers,
- 0:30allowing
- 0:31customers
- 0:31of
- 0:31the
- 0:31home
- 0:32superstore
- 0:32to
- 0:33pick
- 0:33up
- 0:33their
- 0:33orders
- 0:33from
- 0:33a
- 0:34participating
- 0:34Best
- 0:35Buy
- 0:35location.
- 0:36And
- 0:36are
- 0:36you
- 0:36buying
- 0:37or
- 0:37selling
- 0:37the
- 0:37idea
- 0:37of
- 0:38shopping
- 0:38IKEA
- 0:39inside
- 0:39of
- 0:39a
- 0:39Best
- 0:39Buy?
- 0:40Mm.
- 0:41I'm
- 0:41buying
- 0:42the
- 0:42Pilot,
- 0:42Chris.
- 0:44I
- 0:44don't
- 0:44know
- 0:44if
- 0:45this
- 0:45is
- 0:45going
- 0:45to
- 0:45work.
- 0:46Buying
- 0:46the
- 0:46pilot.
- 0:47What
- 0:47does
- 0:47that
- 0:47mean?
- 0:47Buying
- 0:48the.
- 0:48I'm
- 0:48buying.
- 0:48I'm
- 0:49buying.
- 0:49If
- 0:49I
- 0:49were
- 0:50at
- 0:50Best
- 0:50Buy
- 0:51making
- 0:51the
- 0:51decision,
- 0:52I
- 0:52would
- 0:52definitely
- 0:53do
- 0:53this
- 0:54pilot
- 0:54with
- 0:54ikea.
- 0:55It's
- 0:55big.
- 0:55Name
- 0:56it.
- 0:56I
- 0:57think
- 0:57this,
- 0:57along
- 0:58with
- 0:58their
- 0:58marketplace
- 0:59announcement
- 0:59with
- 1:00Miracle
- 1:00yesterday
- 1:01were
- 1:02absolutely
- 1:03necessary
- 1:03things
- 1:04that
- 1:04Best
- 1:04Buy
- 1:05needs
- 1:05to
- 1:05do
- 1:05to
- 1:05stay
- 1:06relevant
- 1:06right
- 1:06now
- 1:07to
- 1:07today's
- 1:07consumer.
- 1:08But
- 1:09back
- 1:09to
- 1:09the
- 1:09IKEA
- 1:10pilot.
- 1:11You
- 1:11know,
- 1:12I
- 1:12love
- 1:12this
- 1:13for
- 1:13the
- 1:13kitchen
- 1:14component.
- 1:15I
- 1:16want
- 1:16to
- 1:16know
- 1:17where
- 1:17else
- 1:18you
- 1:18can
- 1:18go
- 1:18when
- 1:19you're
- 1:19remodeling
- 1:20your
- 1:20kitchen.
- 1:20Where
- 1:20else
- 1:21can
- 1:21you
- 1:21go
- 1:21to
- 1:21get
- 1:22all
- 1:22of
- 1:22your
- 1:22appliances
- 1:23and
- 1:23a
- 1:23good
- 1:24range
- 1:24of
- 1:24prices
- 1:25on
- 1:25appliances
- 1:26from
- 1:27like
- 1:27early
- 1:28basic
- 1:28appliances
- 1:29all
- 1:29the
- 1:29way
- 1:29up
- 1:29to
- 1:30your
- 1:30high
- 1:30quality
- 1:32appliances
- 1:33in
- 1:33one
- 1:33place
- 1:34and
- 1:34get
- 1:35the
- 1:35cabinets
- 1:35and
- 1:36get
- 1:36the
- 1:36whole
- 1:37thing
- 1:37planned
- 1:37like
- 1:38Home
- 1:39Depot.
- 1:39And
- 1:39Lowe's
- 1:39for
- 1:39that
- 1:40though.
- 1:40And
- 1:40I
- 1:40thought
- 1:40you
- 1:41could
- 1:41go
- 1:41to
- 1:41Home
- 1:41Depots
- 1:42and
- 1:42Lowe's,
- 1:43but
- 1:43you
- 1:44don't
- 1:44have
- 1:44the
- 1:45selection
- 1:45and
- 1:46the
- 1:46trend
- 1:47and
- 1:47the
- 1:47design
- 1:48there
- 1:48that
- 1:48IKEA
- 1:49brings.
- 1:49So
- 1:50yes,
- 1:50you
- 1:50could
- 1:50go
- 1:51to
- 1:51Home
- 1:51Depot
- 1:51on
- 1:51those,
- 1:51but
- 1:52I
- 1:52really
- 1:52do
- 1:52think
- 1:52that
- 1:53Best
- 1:53Buy
- 1:53is
- 1:54a
- 1:54good
- 1:54place
- 1:55where
- 1:55you
- 1:55can
- 1:55get
- 1:56both
- 1:56things.
- 1:57Home
- 1:57Depot
- 1:58and
- 1:58Lowe's,
- 1:58there's
- 1:58like
- 1:58a
- 1:59couple
- 1:59of
- 1:59options.
- 2:00It's
- 2:00not
- 2:00like
- 2:01new
- 2:01fresh,
- 2:02especially
- 2:02if
- 2:02you
- 2:02want
- 2:03a
- 2:03modern
- 2:03like
- 2:04you're
- 2:04appealing
- 2:05to
- 2:05this
- 2:05younger
- 2:05consumer
- 2:06that
- 2:06knows
- 2:06Ikea
- 2:07that
- 2:08is
- 2:08more
- 2:08comfortable
- 2:09going
- 2:09with
- 2:09an
- 2:09IKEA
- 2:10cabinet
- 2:11set
- 2:11to
- 2:12outfit
- 2:12my
- 2:12kitchen.
- 2:13Like,
- 2:13that's,
- 2:14that's
- 2:14something
- 2:14that
- 2:14I
- 2:14would
- 2:15do.
- 2:16Are,
- 2:16is
- 2:16the
- 2:16boomer
- 2:17generation
- 2:17going
- 2:17to
- 2:18do
- 2:18that?
- 2:18No,
- 2:18they're
- 2:18going
- 2:18to
- 2:18go
- 2:19to
- 2:19Home
- 2:19Depot
- 2:19and
- 2:19they're
- 2:20going
- 2:20to
- 2:20go
- 2:20to
- 2:20Lowe's
- 2:20to
- 2:20do
- 2:20that.
- 2:21But
- 2:21I
- 2:21really
- 2:21think
- 2:22that
- 2:22that's
- 2:23where,
- 2:23if
- 2:23I'm,
- 2:24if
- 2:24I'm
- 2:24really
- 2:24playing
- 2:25the
- 2:26odds
- 2:26that
- 2:26Best
- 2:26Buy
- 2:27is
- 2:27going
- 2:27to
- 2:27stay
- 2:28this
- 2:28relevant
- 2:28retailer
- 2:29I
- 2:29think
- 2:29this
- 2:29is
- 2:30a
- 2:30worthwhile
- 2:31test.
- 2:31I
- 2:32have
- 2:32a
- 2:32little
- 2:32bit
- 2:32of
- 2:32a
- 2:32harder
- 2:33time
- 2:33buying
- 2:33this
- 2:33in
- 2:34the
- 2:34laundry
- 2:34category
- 2:35because
- 2:35I
- 2:35don't
- 2:36know
- 2:36many
- 2:36friends
- 2:36of
- 2:36mine
- 2:37that
- 2:37are
- 2:37like,
- 2:37I
- 2:37am
- 2:37dying
- 2:38to
- 2:38show
- 2:38you
- 2:39my
- 2:39new
- 2:39laundry
- 2:40room
- 2:40remodel.
- 2:41I
- 2:41think
- 2:41the
- 2:42kitchen
- 2:42could
- 2:42be
- 2:42really
- 2:43clutch
- 2:43because
- 2:43I
- 2:43think
- 2:44that's
- 2:44an
- 2:44area
- 2:44where
- 2:44people
- 2:44are
- 2:45really
- 2:45starting
- 2:45to
- 2:45invest,
- 2:46and
- 2:46especially
- 2:46right
- 2:46now
- 2:47with
- 2:47where
- 2:47the
- 2:47economy
- 2:48is,
- 2:48I
- 2:48think
- 2:49this
- 2:49is
- 2:49like
- 2:50a
- 2:50good,
- 2:50high,
- 2:51low
- 2:51option
- 2:52for
- 2:52people
- 2:53looking
- 2:53to
- 2:53redo
- 2:54their
- 2:54kitchens.
- 2:54But
- 2:55you
- 2:55are
- 2:56definitely
- 2:56not
- 2:57in
- 2:57agreement.
- 2:57I
- 2:57can
- 2:58tell
- 2:58by.
- 2:58Wow.
- 2:59No,
- 2:59I
- 2:59think
- 3:00you're
- 3:00overestimating
- 3:01the
- 3:01amount
- 3:01of
- 3:01product
- 3:02and.
- 3:02And
- 3:03design
- 3:03IKEA
- 3:04can
- 3:04showcase
- 3:05in
- 3:05a
- 3:05small
- 3:05shop
- 3:06and
- 3:06shop
- 3:06inside
- 3:07of
- 3:07a
- 3:07Best
- 3:07Buy,
- 3:07too,
- 3:07at
- 3:08least
- 3:08from
- 3:08the
- 3:08pictures
- 3:08I'm
- 3:09looking
- 3:09at.
- 3:09Oh,
- 3:09yeah.
- 3:10I
- 3:10don't.
- 3:10I'm
- 3:11not
- 3:11saying
- 3:11that
- 3:11they're
- 3:11going
- 3:11to
- 3:11be
- 3:12able
- 3:12to
- 3:12do
- 3:12that
- 3:12all
- 3:13in
- 3:13the
- 3:13store,
- 3:13but
- 3:13I
- 3:14think
- 3:14that
- 3:14from
- 3:14a
- 3:15person,
- 3:15from
- 3:15the
- 3:15perspective
- 3:16of
- 3:16being
- 3:16able
- 3:16to,
- 3:16like,
- 3:17sit
- 3:17down
- 3:17with
- 3:18an
- 3:18IKEA
- 3:18advisor
- 3:19and
- 3:19be
- 3:19like,
- 3:19you
- 3:20could
- 3:20do
- 3:20these
- 3:20cabinets
- 3:20in
- 3:21green,
- 3:21in
- 3:21navy
- 3:22and
- 3:22whatever,
- 3:23like,
- 3:23I
- 3:23think
- 3:24that
- 3:24that
- 3:24could
- 3:24be
- 3:24a
- 3:24better
- 3:25experience.
- 3:26But
- 3:26what.
- 3:27What
- 3:27am
- 3:27I
- 3:27missing?
- 3:28Just
- 3:28go
- 3:28to
- 3:28IKEA
- 3:29to
- 3:29begin
- 3:29with
- 3:29is
- 3:29my
- 3:30point.
- 3:30But,
- 3:30I
- 3:30mean,
- 3:31I
- 3:31mean,
- 3:31here's
- 3:32what
- 3:32I
- 3:32think
- 3:32you're
- 3:32missing.
- 3:32I
- 3:32think,
- 3:32with
- 3:33all
- 3:33due
- 3:33respect
- 3:33to
- 3:33Rob
- 3:34Olsen,
- 3:34ikea,
- 3:34who
- 3:35I've
- 3:35met,
- 3:35and
- 3:35I
- 3:35like
- 3:35him
- 3:36a
- 3:36lot,
- 3:36he's
- 3:36a
- 3:36good
- 3:36dude,
- 3:37too.
- 3:37And
- 3:38all
- 3:38of
- 3:38our
- 3:38friends
- 3:38over
- 3:38at
- 3:39Best
- 3:39Buy,
- 3:39I.
- 3:40You're
- 3:40right.
- 3:40I
- 3:41just
- 3:41don't
- 3:41like
- 3:41this
- 3:41idea
- 3:41at
- 3:42all.
- 3:42I
- 3:42get
- 3:42it
- 3:42on
- 3:42paper.
- 3:43I
- 3:43mean,
- 3:43it.
- 3:43It
- 3:44sounds
- 3:44smart
- 3:44on
- 3:44paper.
- 3:45Like,
- 3:45Best
- 3:46Store.
- 3:46Best
- 3:46Buy
- 3:46stores
- 3:47are
- 3:47probably
- 3:47larger
- 3:48than
- 3:48they
- 3:48need
- 3:48to
- 3:48be
- 3:49at
- 3:49this
- 3:49point,
- 3:49given
- 3:49all
- 3:50the
- 3:50electronics
- 3:50categories,
- 3:51the
- 3:51video
- 3:51games
- 3:51categories
- 3:52that
- 3:52are
- 3:52all
- 3:52moving
- 3:52online.
- 3:53IKEA
- 3:54has
- 3:54tried
- 3:54to
- 3:54get
- 3:54a
- 3:55smaller
- 3:55store
- 3:55concept
- 3:56off
- 3:56the
- 3:56ground.
- 3:56They
- 3:56haven't
- 3:57been
- 3:57able
- 3:57to
- 3:57have
- 3:57success
- 3:57with
- 3:58that
- 3:58here
- 3:58in
- 3:58the
- 3:58United
- 3:58States.
- 3:59Appliances
- 4:00and
- 4:00home
- 4:00furnishings
- 4:01kind
- 4:01of
- 4:01go
- 4:02together.
- 4:02So
- 4:02let's
- 4:03partner
- 4:03up.
- 4:03Yay.
- 4:04But
- 4:04it's.
- 4:05That's
- 4:05not
- 4:05going
- 4:05to
- 4:05work
- 4:05because
- 4:06it
- 4:07isn't
- 4:07the
- 4:07core
- 4:07experience
- 4:08of
- 4:08why
- 4:08I
- 4:09go
- 4:09to
- 4:09ikea.
- 4:09You
- 4:10kind
- 4:10of
- 4:10just
- 4:10said
- 4:10it.
- 4:10There's.
- 4:11I
- 4:11need
- 4:11to
- 4:11get
- 4:11a
- 4:12lot
- 4:12of
- 4:12stuff
- 4:12done.
- 4:13I
- 4:13need
- 4:14help.
- 4:14I
- 4:14need
- 4:14to
- 4:14do
- 4:15that
- 4:15so
- 4:15I
- 4:15can
- 4:16get
- 4:16it
- 4:16all
- 4:16done
- 4:16at
- 4:17one
- 4:17time
- 4:17when
- 4:17I
- 4:17go
- 4:17to
- 4:17ikea.
- 4:18In
- 4:18fact,
- 4:19this
- 4:19setup
- 4:19probably
- 4:20induces
- 4:20more
- 4:20friction
- 4:21for
- 4:21me,
- 4:21and
- 4:22I'm
- 4:22going
- 4:22to
- 4:22ultimately
- 4:23end
- 4:23up
- 4:23back
- 4:23in
- 4:23Ikea
- 4:24anyway,
- 4:25to
- 4:25your
- 4:25point,
- 4:25I
- 4:26mean,
- 4:26you
- 4:26kind
- 4:26of
- 4:26said
- 4:26that
- 4:27in
- 4:27what
- 4:27you
- 4:27said.
- 4:28So.
- 4:28So
- 4:28net.
- 4:29Net
- 4:29it
- 4:29feels
- 4:29like
- 4:30a
- 4:30very
- 4:30expensive
- 4:31over
- 4:31engineered
- 4:32branding
- 4:32exercise
- 4:33to
- 4:33me.
- 4:33At
- 4:33best,
- 4:34when
- 4:34money
- 4:34could
- 4:34be
- 4:35better
- 4:35spent
- 4:35just
- 4:36getting
- 4:36people
- 4:36to
- 4:36interact
- 4:37with
- 4:37Ikea,
- 4:38either
- 4:38online
- 4:38or,
- 4:39or
- 4:39actually
- 4:39in
- 4:40IKEA
- 4:40stores.
- 4:41So.
- 4:41So
- 4:41I
- 4:42mean,
- 4:42Best
- 4:42Buy,
- 4:42I
- 4:43don't
- 4:43think
- 4:43Best
- 4:43Buy
- 4:43has
- 4:43that
- 4:43much
- 4:44to
- 4:44lose
- 4:44on
- 4:44this,
- 4:44but
- 4:44Ikea,
- 4:45it
- 4:45seems
- 4:45like
- 4:45a
- 4:45waste
- 4:45of
- 4:45time
- 4:46for
- 4:46me.
- 4:46Oh
- 4:46man,
- 4:47I
- 4:47don't
- 4:47think
- 4:47so.
- 4:47I
- 4:48think,
- 4:48I
- 4:48think,
- 4:48I
- 4:49think
- 4:49the
- 4:49IKEA
- 4:49trip
- 4:50has
- 4:50changed
- 4:51considerably
- 4:52in
- 4:52terms,
- 4:53especially
- 4:53in
- 4:53the
- 4:53kitchen
- 4:54category.
- 4:54I
- 4:55do,
- 4:55I
- 4:55mean
- 4:56anecdotally
- 4:57from
- 4:57people
- 4:57that,
- 4:58who
- 4:58I
- 4:59have
- 5:00friends
- 5:00of
- 5:00mine
- 5:00and
- 5:01people
- 5:01who
- 5:01have
- 5:01recently
- 5:01remodeled
- 5:02their
- 5:02houses.
- 5:03Like,
- 5:03I'm
- 5:03surprised
- 5:04at
- 5:04the
- 5:04number
- 5:04of
- 5:04people
- 5:04who
- 5:05are
- 5:05like,
- 5:05these
- 5:05are,
- 5:05these
- 5:06cabinets
- 5:06are
- 5:06from
- 5:06ikea.
- 5:07We
- 5:07did
- 5:08this
- 5:08whole
- 5:08kitchen
- 5:09because
- 5:09our
- 5:09budget
- 5:09was
- 5:09X
- 5:10and
- 5:10appliances
- 5:11cost
- 5:11more
- 5:12because
- 5:12of
- 5:12tariffs
- 5:13and
- 5:13all
- 5:13the
- 5:13other
- 5:13things
- 5:14cost
- 5:14more
- 5:14like
- 5:14the,
- 5:15the
- 5:15construction
- 5:16costs
- 5:16more.
- 5:16This
- 5:17is
- 5:17a
- 5:17way
- 5:17to
- 5:17save
- 5:18money.
- 5:18And
- 5:18so
- 5:18I
- 5:18think
- 5:18for
- 5:19this
- 5:19specific
- 5:19category,
- 5:20it
- 5:20is
- 5:20a
- 5:20one
- 5:21stop
- 5:21shop.
- 5:22And,
- 5:22and
- 5:23we'll
- 5:23see
- 5:23how
- 5:23it
- 5:23plays
- 5:23out.
- 5:24I'm
- 5:24excited
- 5:24to
- 5:24continue
- 5:25to
- 5:25follow
- 5:25it.
- 5:25Interesting.
- 5:26Yeah,
- 5:26we'll
- 5:26agree
- 5:26to
- 5:27disagree
- 5:27on
- 5:27this
- 5:27one.
- 5:27I.