Latest / Omni Talk Retail / Breaking Down Target's New SoHo Concept Store | Fast Five Shorts
Transcript
- 0:00Target
- 0:00has
- 0:00unveiled
- 0:01a
- 0:01Soho
- 0:02store
- 0:02concept
- 0:02featuring
- 0:03curated
- 0:03beauty
- 0:04and
- 0:04apparel.
- 0:05Serves
- 0:05me
- 0:05right
- 0:05for
- 0:05trying
- 0:06to
- 0:06dig
- 0:06up
- 0:06all
- 0:06the
- 0:06different
- 0:07figures
- 0:07from
- 0:07that
- 0:08article
- 0:08in
- 0:08the
- 0:08last
- 0:09headline.
- 0:09The
- 0:10store
- 0:10concept
- 0:11from
- 0:11Target
- 0:11features
- 0:12a
- 0:12rotating
- 0:12showcase
- 0:13of
- 0:13seasonal
- 0:13styles
- 0:13on
- 0:14the
- 0:14floor,
- 0:15on
- 0:15the
- 0:16first
- 0:16floor,
- 0:16I
- 0:16should
- 0:17say
- 0:17called
- 0:17quote
- 0:18the
- 0:18drop
- 0:19and
- 0:19a
- 0:19Broadway
- 0:20beauty
- 0:20bar.
- 0:21Good
- 0:21alliteration.
- 0:22Target
- 0:22with
- 0:22changing
- 0:22selections
- 0:23curated
- 0:23by
- 0:24beauty
- 0:24influencers
- 0:24and
- 0:25a
- 0:25gifting
- 0:25gondola
- 0:26with
- 0:27wow,
- 0:27cancel
- 0:28Christmas.
- 0:28We've
- 0:28got
- 0:28a
- 0:28ton
- 0:29of
- 0:29alliteration
- 0:29folks
- 0:30for
- 0:30the
- 0:30holidays
- 0:30with
- 0:31exclusive
- 0:31Target
- 0:31branded
- 0:32merchandise.
- 0:33Target's
- 0:33updated
- 0:34space
- 0:34also
- 0:34includes
- 0:34a
- 0:35seasonal
- 0:35edit
- 0:36edit
- 0:36called
- 0:37Curated
- 0:38by
- 0:38which
- 0:39features
- 0:39selections
- 0:40in
- 0:40partnership
- 0:40with
- 0:40influential
- 0:41people,
- 0:42starting
- 0:42with
- 0:42comedian
- 0:43and
- 0:43actress
- 0:43Megan
- 0:44Stalter,
- 0:45who
- 0:45sadly
- 0:46I
- 0:46actually
- 0:46do
- 0:46not
- 0:46know
- 0:46who
- 0:47that
- 0:47is
- 0:47and
- 0:47maybe
- 0:47you
- 0:47do.
- 0:48The
- 0:48store
- 0:48also
- 0:49has
- 0:49a
- 0:49selfie
- 0:50checkout
- 0:50spot
- 0:50encouraging
- 0:51customers
- 0:51to
- 0:52take
- 0:52photos
- 0:52with
- 0:52their
- 0:53haul
- 0:54and
- 0:54are
- 0:54you
- 0:54buying
- 0:54or
- 0:55selling
- 0:55Target's
- 0:55new
- 0:56soho
- 0:56concept
- 0:57store?
- 0:58Before
- 0:58I
- 0:59answer
- 0:59one
- 0:59thing
- 1:00that
- 1:00I
- 1:00think
- 1:00it
- 1:01was
- 1:01not
- 1:01clear
- 1:01to
- 1:02me.
- 1:02This
- 1:02is
- 1:02not
- 1:02a
- 1:03pop
- 1:03up.
- 1:03This
- 1:03is
- 1:04a
- 1:04permanent
- 1:04store,
- 1:05which
- 1:05I
- 1:06realized
- 1:06and
- 1:06I
- 1:07had
- 1:07to
- 1:07be
- 1:07corrected.
- 1:09This
- 1:09is.
- 1:10This
- 1:10is
- 1:10a
- 1:10permanent
- 1:11store
- 1:11that
- 1:11Target
- 1:12plans
- 1:12to
- 1:12use
- 1:13as
- 1:13a
- 1:13lab
- 1:13to
- 1:14evolve,
- 1:14test
- 1:15and
- 1:15change
- 1:16so
- 1:16that
- 1:17that
- 1:17I
- 1:18wanted
- 1:18to
- 1:18make
- 1:18sure
- 1:18that
- 1:19our
- 1:19audience
- 1:19is
- 1:19clear
- 1:19on
- 1:20because
- 1:20I
- 1:20was
- 1:21not.
- 1:21But
- 1:22now
- 1:22comes
- 1:22the
- 1:22challenging
- 1:23task,
- 1:23I
- 1:24think
- 1:24of
- 1:24taking
- 1:24this
- 1:24concept
- 1:25and
- 1:25the
- 1:25data
- 1:26that
- 1:26they're
- 1:26learning
- 1:26about
- 1:27who
- 1:27shops
- 1:27it
- 1:27and
- 1:28how
- 1:28and
- 1:29figuring
- 1:29out
- 1:30how
- 1:30Target
- 1:31is
- 1:31going
- 1:31to
- 1:31evolve
- 1:32this
- 1:32into
- 1:322,000
- 1:34stores
- 1:34or
- 1:35some
- 1:35segment
- 1:35thereof,
- 1:36their
- 1:362,000
- 1:37stores.
- 1:38And
- 1:38most
- 1:38importantly,
- 1:39I
- 1:39think
- 1:39that
- 1:40before
- 1:40that
- 1:41happens,
- 1:41Target
- 1:41has
- 1:42to
- 1:42look
- 1:42very
- 1:43closely
- 1:43at
- 1:43the
- 1:43technology
- 1:44that
- 1:44it's
- 1:44going
- 1:44to
- 1:45need
- 1:45to
- 1:45invest
- 1:45in
- 1:46to
- 1:46to
- 1:46make
- 1:46those
- 1:47rollouts
- 1:47successful.
- 1:49This
- 1:50store
- 1:50is
- 1:51very
- 1:52based
- 1:52on
- 1:52the
- 1:52photos
- 1:53that
- 1:53we've
- 1:53seen
- 1:53and
- 1:53we'll
- 1:53go
- 1:53see
- 1:54it
- 1:54in
- 1:54New
- 1:54York
- 1:54I'm
- 1:55sure.
- 1:56But
- 1:57there's
- 1:57nothing
- 1:59stored
- 1:59tech
- 2:01inserted
- 2:01into
- 2:01this.
- 2:02It's
- 2:02very
- 2:02much
- 2:02about
- 2:02the
- 2:03product.
- 2:03So
- 2:03I
- 2:03think
- 2:03that's
- 2:04going
- 2:04to
- 2:04be
- 2:04something
- 2:05that
- 2:05they're
- 2:05going
- 2:05to
- 2:05have
- 2:06to
- 2:06think
- 2:06about
- 2:06as
- 2:07they
- 2:07need
- 2:07to
- 2:07operationalize
- 2:08this.
- 2:09If
- 2:09they
- 2:10can
- 2:10accomplish
- 2:10that,
- 2:12if
- 2:12they
- 2:12can
- 2:12do
- 2:12that
- 2:13and
- 2:13get
- 2:13this
- 2:13set
- 2:13up
- 2:14for
- 2:14scale
- 2:15success,
- 2:15I'm
- 2:16buying
- 2:16it.
- 2:16And
- 2:17I
- 2:17think
- 2:17it'll
- 2:17bode
- 2:18well
- 2:18for
- 2:18the
- 2:18direction
- 2:19that
- 2:19Fidelke
- 2:19plans
- 2:20to
- 2:20take
- 2:20the
- 2:20company
- 2:20in.
- 2:21Since
- 2:21this
- 2:22was
- 2:22kind
- 2:22of
- 2:22one,
- 2:23one
- 2:23of
- 2:23his
- 2:23first,
- 2:24you
- 2:24know,
- 2:24projects
- 2:25that
- 2:25he
- 2:25was
- 2:25kind
- 2:25of
- 2:26like
- 2:26interim
- 2:27CEO
- 2:27on,
- 2:29I
- 2:29think
- 2:29it
- 2:29makes
- 2:30sense.
- 2:30The
- 2:30concept
- 2:31store
- 2:31is
- 2:31carrying
- 2:31great
- 2:32products
- 2:32in
- 2:32limited
- 2:33quantities.
- 2:33It's
- 2:34localized
- 2:34and
- 2:35it's
- 2:35coming
- 2:35at
- 2:35a
- 2:35time
- 2:36when
- 2:36I
- 2:36think
- 2:36most
- 2:36importantly
- 2:37the
- 2:37there's
- 2:37Going
- 2:38to
- 2:38be
- 2:38a
- 2:38big
- 2:38hole
- 2:39in
- 2:39a
- 2:39lot
- 2:39of
- 2:39Target
- 2:39stores
- 2:40once
- 2:40Ulta
- 2:41departs.
- 2:41And
- 2:41so
- 2:41I
- 2:41think
- 2:42if
- 2:42they
- 2:42could
- 2:42figure
- 2:43out
- 2:43how
- 2:43to
- 2:44scale
- 2:45this
- 2:45concept
- 2:45effectively,
- 2:46it
- 2:46could
- 2:46be
- 2:47a
- 2:47really
- 2:47good
- 2:47thing
- 2:48to
- 2:48kind
- 2:48of
- 2:48put
- 2:48into
- 2:49the
- 2:49Target
- 2:49store
- 2:50to
- 2:50get
- 2:50people
- 2:51interested
- 2:52in
- 2:52shopping,
- 2:53especially
- 2:53their
- 2:54key
- 2:54categories
- 2:54like
- 2:55beauty,
- 2:56apparel
- 2:56and
- 2:57other
- 2:57giftable
- 2:58items.
- 2:58So
- 2:59this,
- 2:59if
- 3:00there's
- 3:00one
- 3:00project
- 3:00right
- 3:01now
- 3:01that
- 3:01I'd
- 3:01love
- 3:01to
- 3:02sink
- 3:02my
- 3:02teeth
- 3:02into,
- 3:02I
- 3:03think
- 3:03this
- 3:03would
- 3:03be
- 3:04it
- 3:04because
- 3:04I,
- 3:05I
- 3:05think
- 3:05there's
- 3:05a
- 3:06lot
- 3:06of
- 3:06things
- 3:07that
- 3:07Target
- 3:07will
- 3:07have
- 3:08to
- 3:08inject
- 3:08into
- 3:08this
- 3:09to
- 3:09really
- 3:09make
- 3:09it
- 3:10successful
- 3:10for
- 3:11the
- 3:11store
- 3:11rollout.
- 3:12But
- 3:12where,
- 3:13what
- 3:13are
- 3:13you
- 3:13buying
- 3:14or
- 3:14are
- 3:14you
- 3:14selling?
- 3:16I'm
- 3:16selling
- 3:16it
- 3:16hard.
- 3:17I'm
- 3:17selling
- 3:17it
- 3:17hard.
- 3:17In
- 3:18fact,
- 3:18if,
- 3:19if
- 3:19we
- 3:19hadn't
- 3:19talked
- 3:19about
- 3:20this
- 3:20headline,
- 3:20I
- 3:20don't
- 3:20think
- 3:20it
- 3:21even
- 3:21makes
- 3:21my
- 3:21top
- 3:21five
- 3:22for
- 3:22the
- 3:22week.
- 3:22I
- 3:22think
- 3:22it's
- 3:23pure
- 3:23PR
- 3:23sizzle
- 3:24and
- 3:25I
- 3:25say
- 3:25it's
- 3:25pure
- 3:25PR
- 3:25sizzle
- 3:26for
- 3:26a
- 3:26number
- 3:26of
- 3:26reasons.
- 3:27I
- 3:27think
- 3:27number
- 3:27one,
- 3:27it's
- 3:28in
- 3:28New
- 3:28York
- 3:28City,
- 3:29which
- 3:29is
- 3:29just
- 3:30not
- 3:30endemic
- 3:31or
- 3:31not
- 3:31representative
- 3:32of
- 3:32like
- 3:33your
- 3:33Target
- 3:33operation
- 3:34overall.
- 3:34So
- 3:34it's
- 3:35not
- 3:35where
- 3:35I
- 3:35would
- 3:35put
- 3:36a
- 3:36concept
- 3:37store,
- 3:37quite
- 3:38frankly,
- 3:38because
- 3:38there's
- 3:38so
- 3:38many
- 3:39dynamics
- 3:39at
- 3:39play
- 3:39in
- 3:40New
- 3:40York
- 3:40City
- 3:40that
- 3:40don't
- 3:40pertain
- 3:41to
- 3:41your
- 3:41overall
- 3:41operation.
- 3:42Sure,
- 3:43the
- 3:43pictures
- 3:43look
- 3:43great,
- 3:44you
- 3:44know,
- 3:44but
- 3:45you're
- 3:45not
- 3:45going
- 3:45to
- 3:45learn
- 3:45anything
- 3:46long
- 3:46term
- 3:46operationally
- 3:47because
- 3:48the
- 3:48idea
- 3:48is
- 3:48being
- 3:49tested
- 3:49here.
- 3:50Are
- 3:50never
- 3:50going
- 3:51to
- 3:51scale
- 3:51whether
- 3:51it's
- 3:51a
- 3:51pop
- 3:52up
- 3:52or
- 3:52not
- 3:52a
- 3:53pop
- 3:53up
- 3:53because
- 3:54target,
- 3:54no
- 3:55100%
- 3:55target
- 3:56needs
- 3:56to
- 3:56move
- 3:56more
- 3:57units
- 3:57and
- 3:58pictures
- 3:58of
- 3:58beauty
- 3:58bars
- 3:59and
- 3:59more
- 3:59boutique
- 4:00experiences
- 4:00are
- 4:01always
- 4:01look
- 4:01good
- 4:01in
- 4:01photos.
- 4:02Always
- 4:03look
- 4:03good
- 4:03in
- 4:03photos,
- 4:04especially
- 4:04in
- 4:04New
- 4:04York.
- 4:05But
- 4:05Target
- 4:05doesn't
- 4:06have
- 4:06the
- 4:06margins
- 4:07to
- 4:07sell
- 4:07products
- 4:08with
- 4:08so
- 4:08little
- 4:08on
- 4:09display.
- 4:09Unless
- 4:10to
- 4:10your
- 4:11point,
- 4:11they
- 4:11operate
- 4:12the
- 4:12store
- 4:12on
- 4:12a
- 4:13completely
- 4:13different
- 4:14operational
- 4:14platform
- 4:15and
- 4:15business
- 4:15model,
- 4:16which
- 4:16for
- 4:16the
- 4:16most
- 4:16part
- 4:17it
- 4:17doesn't
- 4:17appear
- 4:18there's
- 4:18any
- 4:18representation
- 4:19that
- 4:19that
- 4:19is
- 4:20the
- 4:20case.
- 4:20So
- 4:21net
- 4:21net,
- 4:21at
- 4:21the
- 4:22end
- 4:22of
- 4:22the
- 4:22day,
- 4:23this
- 4:23is
- 4:23still
- 4:23going
- 4:24to
- 4:24be
- 4:24a
- 4:24marketing
- 4:24installation
- 4:25when
- 4:25all
- 4:25is
- 4:26said
- 4:26and
- 4:26done
- 4:26and
- 4:27at
- 4:27best
- 4:27because
- 4:27it's
- 4:28not
- 4:28designed
- 4:28for
- 4:29scale
- 4:29and
- 4:29it's
- 4:29going
- 4:29to
- 4:29take
- 4:30more
- 4:30money
- 4:30than
- 4:31the
- 4:31average
- 4:31Target
- 4:31store
- 4:32can
- 4:32afford
- 4:32to
- 4:32keep
- 4:33it
- 4:33looking
- 4:33the
- 4:33way
- 4:34it
- 4:34does.
- 4:34That's
- 4:34another
- 4:35point.
- 4:35And
- 4:36lastly,
- 4:36this
- 4:36thing
- 4:36just
- 4:36drives
- 4:37me
- 4:37crazy.
- 4:37The
- 4:38selfie
- 4:38checkout,
- 4:39that
- 4:39Idea
- 4:40is
- 4:40like
- 4:4010
- 4:40years
- 4:40old
- 4:41already.
- 4:41And
- 4:42so
- 4:42when
- 4:42we're
- 4:42leaning
- 4:42into
- 4:43that,
- 4:43it
- 4:44just
- 4:44gets
- 4:44me,
- 4:44gets
- 4:44me
- 4:45shaking
- 4:45my
- 4:45head
- 4:45again.
- 4:45And
- 4:46I
- 4:46don't
- 4:46want
- 4:46to
- 4:46be
- 4:46shaking
- 4:47my
- 4:47head
- 4:47again
- 4:47every
- 4:47week.
- 4:48But
- 4:48you
- 4:49know,
- 4:49that's
- 4:49just,
- 4:50I
- 4:50just,
- 4:50I
- 4:50just
- 4:51can't
- 4:51get
- 4:51on
- 4:51board
- 4:51with
- 4:51this.
- 4:53Yeah,
- 4:53I
- 4:53think
- 4:53the,
- 4:53the,
- 4:54the
- 4:54other
- 4:55thing
- 4:55that
- 4:55I
- 4:55look
- 4:55at
- 4:56Chris
- 4:56when
- 4:56I,
- 4:56I
- 4:57see
- 4:57somebody
- 4:57else
- 4:58doing
- 4:58something
- 4:58similar
- 4:59was
- 4:59the
- 4:59Walmart
- 5:00New
- 5:00York
- 5:00Fashion
- 5:00Week
- 5:01pop
- 5:01up.
- 5:01They
- 5:02did
- 5:02that
- 5:02with
- 5:02two
- 5:02brands
- 5:03and
- 5:03their
- 5:03plan,
- 5:04Walmart's
- 5:04plan
- 5:05is
- 5:05to
- 5:05do
- 5:05the
- 5:05same
- 5:05thing.
- 5:06We're
- 5:06testing
- 5:06this
- 5:07pop
- 5:07up
- 5:07in
- 5:07New
- 5:08York
- 5:08and
- 5:08then
- 5:08we're
- 5:09figuring
- 5:09out
- 5:09what
- 5:10the
- 5:10products
- 5:10are.
- 5:10We're
- 5:11going
- 5:11to
- 5:11roll
- 5:11this
- 5:11out
- 5:11and
- 5:12we're
- 5:12going
- 5:12to
- 5:12change
- 5:13our
- 5:13scoop
- 5:13and
- 5:13free
- 5:14assembly
- 5:14experiences
- 5:15in
- 5:16store
- 5:16by
- 5:17the
- 5:17end
- 5:17of
- 5:17next
- 5:17year.
- 5:18Denise
- 5:18and
- 5:18Candela
- 5:19said
- 5:19to,
- 5:19to
- 5:20get
- 5:20an
- 5:20understanding
- 5:21of
- 5:21how
- 5:21to
- 5:21bring
- 5:22newness
- 5:22and
- 5:22product
- 5:23to
- 5:23customers.
- 5:24So
- 5:24I,
- 5:25I,
- 5:25I
- 5:25don't
- 5:25know.
- 5:26I
- 5:26think
- 5:26but
- 5:27that's
- 5:27smart
- 5:27and
- 5:27because
- 5:28that's
- 5:28a
- 5:28smart,
- 5:28that's
- 5:29a.
- 5:29First
- 5:29of
- 5:29all
- 5:29it
- 5:29is
- 5:30a
- 5:30pop
- 5:30up,
- 5:30It's
- 5:31a
- 5:31pop
- 5:31up
- 5:31designed
- 5:32to
- 5:32understand
- 5:33the
- 5:33product
- 5:33that
- 5:34you're
- 5:34putting
- 5:34in
- 5:34your
- 5:35fashion
- 5:35assortment
- 5:36which
- 5:36will
- 5:36then
- 5:36go
- 5:37into
- 5:37and
- 5:37informed
- 5:38a
- 5:38portion
- 5:38of
- 5:38the
- 5:39Walmart
- 5:39store
- 5:40versus
- 5:40taking
- 5:40an
- 5:41entire
- 5:41store
- 5:42operation
- 5:42and
- 5:43trying
- 5:43to
- 5:43pivot
- 5:44in
- 5:44this
- 5:44direction.
- 5:45The
- 5:45are
- 5:45two
- 5:46very
- 5:46different
- 5:47sides
- 5:47of
- 5:47the
- 5:47coin.
- 5:48Oh,
- 5:48I
- 5:48don't
- 5:49see
- 5:49it
- 5:49that
- 5:49different.
- 5:49I
- 5:50think
- 5:50that
- 5:50this
- 5:50store.
- 5:51Yes,
- 5:51this,
- 5:51the
- 5:52only
- 5:52difference
- 5:52to
- 5:52me
- 5:52is
- 5:52that
- 5:53it's
- 5:53a
- 5:53popup
- 5:54versus
- 5:54an,
- 5:54a
- 5:54long
- 5:55standing
- 5:55store.
- 5:55And
- 5:56again
- 5:56if
- 5:56you're
- 5:57looking
- 5:57at
- 5:57your
- 5:57competitor,
- 5:58you
- 5:58know,
- 5:58if
- 5:59Target's
- 5:59competitor
- 5:59Walmart
- 6:00is
- 6:00doing
- 6:00popups
- 6:01to
- 6:01test
- 6:01this
- 6:01theory
- 6:02and
- 6:02you're
- 6:03doing
- 6:03a
- 6:03full
- 6:03time
- 6:03store
- 6:04to
- 6:04test
- 6:04this
- 6:04theory
- 6:05there
- 6:05you're
- 6:05going
- 6:05about
- 6:06it
- 6:06two
- 6:06different
- 6:06routes.
- 6:07But
- 6:08I
- 6:08still
- 6:08think
- 6:08that
- 6:09Target's
- 6:09putting,
- 6:09I
- 6:10mean
- 6:10it's
- 6:10all
- 6:10Target
- 6:10product.
- 6:11They're
- 6:11figuring
- 6:11out
- 6:12how
- 6:12to,
- 6:12how
- 6:13they
- 6:13can
- 6:13take
- 6:13this
- 6:14moment
- 6:14in
- 6:14New
- 6:14York
- 6:15and
- 6:15extend
- 6:15it
- 6:16across
- 6:162,000
- 6:16stores.
- 6:17I
- 6:17think
- 6:17is,
- 6:18is
- 6:18a,
- 6:18is
- 6:19a
- 6:19worthwhile
- 6:19endeavor.
- 6:20I
- 6:20think
- 6:20it's
- 6:20a
- 6:20new
- 6:21way
- 6:21to
- 6:21showcase
- 6:22Target
- 6:22product
- 6:22and
- 6:23maybe
- 6:23they
- 6:23can
- 6:23use,
- 6:24maybe
- 6:24they'll
- 6:24have
- 6:25some
- 6:25of
- 6:25the
- 6:25shine
- 6:25of
- 6:25this
- 6:26New
- 6:26York
- 6:26experience
- 6:27to,
- 6:28to
- 6:28like
- 6:28give
- 6:29the
- 6:29people
- 6:29in
- 6:29the
- 6:29middle
- 6:30of
- 6:30the
- 6:30country.
- 6:30I
- 6:31don't
- 6:31know.
- 6:31Again
- 6:32there's
- 6:32a
- 6:32lot
- 6:32that
- 6:32has
- 6:33to
- 6:33go
- 6:33right
- 6:33in
- 6:33order
- 6:34for
- 6:34this
- 6:34to
- 6:34be
- 6:34successful.
- 6:35But,
- 6:36but
- 6:36I
- 6:37don't,
- 6:37I'd
- 6:37like
- 6:38to
- 6:38see
- 6:38this
- 6:40I
- 6:40guess
- 6:40concept
- 6:41coming
- 6:41from
- 6:41Target.
- 6:42I'd
- 6:42like
- 6:42to
- 6:42see
- 6:42them
- 6:43figure
- 6:43out
- 6:43how
- 6:43they're
- 6:44going
- 6:44to
- 6:44get
- 6:44people
- 6:45to
- 6:45fall
- 6:46in
- 6:46love
- 6:46again
- 6:46with
- 6:46the
- 6:47brand.
- 6:47But
- 6:48you
- 6:48know
- 6:49taking
- 6:49that
- 6:49New
- 6:49York
- 6:49concept
- 6:50and
- 6:50scaling
- 6:51it
- 6:51is,
- 6:51is
- 6:51a
- 6:52big
- 6:52project.
- 6:52It
- 6:52is
- 6:53for
- 6:53sure.