Amazon’s going old-school, and building a brick and mortar retail shop in Seattle, WA. While many have been predicting the demise of Best Buy BECAUSE of their brick and mortar roots, it’s ironic that Amazon decided to go back to where it all started - the human, hands-on, face to face experience. 
They’ll probably only be stocking the Kindle and other high-margin products and accessories - which makes sense, but is it only a matter of time before Best Buy is no longer relevant (or profitable) if they decide to expand their consumer electronic SKUs in store? 
Amazon has done well against Best Buy not just because they don’t charge taxes, but because of their superior customer service - if they can extend that to their retail stores and create a similar experience in person, AND expand intelligently with their brick and mortar locations, it might be game over for Best Buy quicker than pundits thought.  
Posted By: azellap

Amazon’s going old-school, and building a brick and mortar retail shop in Seattle, WA. While many have been predicting the demise of Best Buy BECAUSE of their brick and mortar roots, it’s ironic that Amazon decided to go back to where it all started - the human, hands-on, face to face experience. 

They’ll probably only be stocking the Kindle and other high-margin products and accessories - which makes sense, but is it only a matter of time before Best Buy is no longer relevant (or profitable) if they decide to expand their consumer electronic SKUs in store? 

Amazon has done well against Best Buy not just because they don’t charge taxes, but because of their superior customer service - if they can extend that to their retail stores and create a similar experience in person, AND expand intelligently with their brick and mortar locations, it might be game over for Best Buy quicker than pundits thought.  


 


Ad Week takeaway: CMOs bullish on brand passionates

My takeaway for today from Advertising Week, based 100% on the event I attended — a roundtable of CMOs and top marketers from Best Buy, Chipotle, GE, Yahoo and IBM, organized by Fast Company:

CMOs still believe in the power of advertising (as Beth Comstock of GE said: “It works. We see it.”)…

… but they are defining advertising very broadly (it’s an eco-system, not a :30 spot)…

… and most impressive to me, very passionate on the subject of brand passionates…

… Barry Judge of Best Buy talked about their Twelpforce…

… And also about opening up a channel so all 150,000 Best Buy employees can chime in on marketing, many of them (via a widget) from the store floor…

… Beth Comstock of GE talked about its Open Innovation Forum, which has generated 3,000 ideas from 100s of countries…

… Mark Crumpacker of Chipotle talked about its amazing focus on listening to customers and enlisting brand passionates for a CSR initiative…

… Ben Edwards of IBM talked about IBM’s Smarter Planet initiative and its campaign to build the world’s largest supercomputer by enlisting 2M people in peopleforasmarterplanet.com…

… and Elisa Steele of Yahoo talked about investing in local communities through random acts of kindness that in turn get people engaged in Yahoo.

Posted By: lizbigham

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