smallest store in the world

IKEA smallest store

Here's a new spin on mini-momentum:  “The smallest store in the world” by Swedish housewares retailer IKEA.

Blending smart commerce, augmented reality (AR), and digital merchandising within a 300 X 250 (10.5cm x 8.8cm) web banner, the eCommerce store makes the most of space while representing the entire IKEA assortment. The video below explains the concept.

 

“With city populations on the rise, living spaces have become increasingly limited,” the company explains. “IKEA believes that no matter how cramped your space, there’s always a solution.” To demonstrate that belief, the company — generally known for its oversized retail spaces — has packed a full store with 2,800 products into the space of a small web banner. Shoppers who visit the diminutive store by hovering their mouse over it can then browse by department, choose what they want, and buy it online. “We targeted people looking for studio flats as well as one/two bedroom apartments by placing our tiny stores in the real estate section of community websites,” IKEA notes.

While this is certainly not the most practical way of browsing, we love how the messaging plays on brand-centric ideals which are meant to shift consumers perceptions away from from a mega-store mentality to an omni-channel experience.

Unlike a virtual retail installations, the IKEA "smallest store in the world" symbolizes thoughtful consumption while decreasing workload and span of design within the online and offline worlds.

{source: Springwise}

 
 
social mobile gifting
May the fourth be with you...
 
CULTURE
 
 
  • Wrapp brings social mobile gifting service to the U.S. via Tech Crunch.
  • The iPad revolutionizes iconic Hotel Bel-Air's room service via USA Today.
  • Hue-tastic: Big Apple's new taxis are 'apple green' via New York Post.
 
FASHION
 
FOOD
  • Feast your eyes on the Pretzelnator, the first crowdsourced burger at McDonald's via Ad Week.
  • What's hot on food trucks: Portable, customizable, and innovative dishes via Nation's Restaurant News.
  • Email rules social media, even for fans via Restaurant Hospitality.
 
 
QR codes plants
QR flowers
 
Plants with QR codes are popping up in garden centers for spring.
 
When we scanned the tag for the MiniFamous™ Compact Orange Calibrachoa (aka Mini Petunia), we were directed to BloomIQ — a generic online tool for gardening — instead of planting or care information for the specific plant we scanned. It was a little bit of a let down considering the potential to educate, sell, and cross-sell products.
 
Unfortunately, the most unsettling part of the marketing flop occurred when we returned to the office to write this post. The name of the plant above, "MiniFamous™ Compact Orange Calibrachoa", is not searchable within BloomIQ database. To find the correct plant info, the user must search "Petunia" or "MiniFamous".
 
Just because you can add a QR code to your promotional materials, does not mean you should.
Glamour Virtual Store
{Photo: AdAge.com}
 
Remember the Procter & Gamble virtual grocery store in Prague that we mentioned last November?
 
Tapping into two of the top 5 consumer trends for 2012, Glamour Magazine has created a similar installation devoted to beauty products across from the Standard Hotel in Manhattan's Meatpacking District, according to Advertising Age.
 
Customers simply scan barcodes with an app on their phone to buy real products for home delivery from the Glamour Apothecary Wall. Brands represented in the pop-up presentation include C.O. Bigelow, John Frieda, Elizabeth Arden, Clearasil and Versace.
 
While the concept of a virtual shopping wall may not be new, we are loving how Glamour Magazine is engaging with customers using innovation in unexpected spaces.
 
{source: AdAge.com}
Top picks from a plethora of happenings rocking the New York this week...
 
taxt-shop
{photo: Racked.com}
 
  • Popup rides: Glamour has teamed up with YSL and Lancome to offer free taxi-shops for Fashion Week. Just download the app and swipe your mobile phone to snag your very own beauty cab.
  • Don't forget men$wear: Ace Hotel teams up with Martin Greenfield Clothiers for a two-day bespoke pop-up tailor service.
  • Charming presentation: Lauren Moffatt sent her models back to school for Fall.
  • Product launch: Miu Miu has created a limited-edition bag collection to fete Fashion Week.
 
See something worth sharing during New York Fashion Week? Tweet us a tip or photo.
Is it possible to trim the apparel cost structure and funnel profits into philanthropy? The team behind Monolith, a New York-based social shopping website, aims to do just that. 
 
monolith
{photo: crowdventurefund.com}
 
Currently in development, the subscription-based online start-up plans to deliver designer-quality clothing to customers for $111 or less. Subscribers will have a chance to browse men’s and women’s apparel and accessories collections online and decide which pieces they want to buy, reported The Wall Street Journal.
 

Monolith will then produce the items every five weeks in factories scattered around the globe (U.S., Mexico, India and Asia). “Well-known luxury brands like Gucci, Fendi, Prada—they all use the same factories,” said Nick Ralph, 29, the company’s Chief Executive Officer and founder. “They’re making hundreds and in some cases thousands of dollars in profits on a single item. To us, it’s kind of ridiculous," he continued.

In addition to low priced designer goods from top-notch factories, the company will tap into conscientious consumerism with a “Buy One, Give One Program” — similar to the model employed by Toms Shoes. According to the Monolith website, the company will donate the same item purchased on the subscriber's behalf to children and adults in need so that they can secure better job opportunities, increase wages, and build confidence.

As a crowd-funded initiative, Monolith won’t launch until it raises $3.2m in pledges, according to Mr. Ralph. After three months of fund raising, the company has raised roughly $788,000, including pledges from past investors, family and friends.
 

The company decided to forgo the traditional venture-capital route to maintain the company’s philanthropic edge. “I’ve raised money for four companies through venture capital,” he said. “Most of the time, you end up going for the cheapest bulk and the cheapest return. The VC takes most of the equity and often shifts the company focus from creating something magical to creating a lean money-making machine in hopes of a highly profitable exit. I thought: There’s got to be a different way.”

We love Monolith's approach to Smart Commerce and Life Story Labeling. It's refreshing to see new concepts private label quality garments with cause-related initiatives instead of targeting mass production manufacturing aimed at the lowest common denominator: every-day fair-and-square pricing.

{source: Wall Street Journal}
Big news, better selection, best thinking.
 
CULTURE
{photo: springwise.com}
 
- A new twist on conscious consumption: A vending machine that allows users to donate and receive items without spending money.
- Pop-up art: A 24-hour museum, designed by Milan-based artist and satirist Francesco Vezzoli with Rem Koolhaas' think tank AMO, which will pop-up for one day (January 24th).
 
 
FASHION
- The world's top 100 most valuable luxury brands includes fashion favorites Hermes, Chanel, Louis Vuitton, Christian Dior, Ferragamo, Versace, Prada, Fendi, Giorgio Armani and Ermenegildo Zegna.
- US study finds holiday shoppers purchased more but browsed less in stores (part of Smart Commerce trend)
- The truth about eCommerce: 55% of consumers expect free shipping.
 
FOOD
- Mainstreaming canned foods at the Winter Fancy Food show: Healthy cocktail mixers & pickled veggies are top products. (We've been writing about this trend since 2009)
- High-value & Low-waste perception + Jamie Oliver = boost frozen food sales by £250M in UK.
- Fighting low-carbs and gluten-free with design: the rise of the designer bakery.
 
 
For more delicious news, ideas and tidbits, follow us on twitter or facebook.
 
trend forecast
 
Gone are the days when a color or single trend will make or break a year. Things move too fast for magic wands or fairy dust.
 
Understanding and executing on trends are key elements on creating an inspirational journey. In an ever changing market, it is more important than ever to know the triggers that will cause your customers to open their wallets. The development of products and services centered around the most viable trend must work in tandem with value, design, and quality to ride the wave of acquisition and adoption. People are willing to spend if you give them the right incentive at the right time.
 
This week we created forward-thinking intelligence for two firms focused on delivering value and quality in the digital arena. For Medium we created a 2012 Forecast outlining for key trends for building successful brands. Themes of the post include concepts like cultural consciousness, smart commerce and less-ism. You can access that content free of charge here.
 
Secondly, we shared some social media tips and tricks with the team at Pluggio.com. The interview outlines what drives consumer culture when building out a digital brand and is a must read for businesses dedicating more resources to new media in 2012. That interview is available online here.
 
This is just a snapshot of what we track and we understand that, for many of you, our free content is enough to keep you going in 2012. In addition to our subscription services, we'll be hitting the road to talk about how trends are shaping the changing future. If you want to connect with us IRL (In Real Life), drop us a line or check back for an updated listing of conferences and speaking engagements.
 
 
 
google wallet
{photo: Starbucks.com}
 
Those obsessed with the revolving safety concerns about privacy when using credit or debit cards for online transactions can now reference hard data supporting the argument for their favorite brands to invest in mobile payment processing.
 
According to research from mobile payments firm PaymentOne, most consumers (80%) say they would spend more online if they were offered an easier and more secure way to pay and online merchants could add aggregated yearly revenue of US $109.8 billion simply by offering an alternative 'no credit card required' option. We believe that technology developments transforming smartphones into digital wallets will be a great solution for consumers who enjoy shopping on the move in 2012.
 
"Consumers' concerns around the security and privacy of online payment transactions are staring digital merchants in the face and demanding attention," concluded Brad Singer, executive vice president for PaymentOne. "In today's economy where every cent counts and every customer is vital to the success of a business, merchants need to do more to ensure that customers aren't scared away when it is time to check out."
 
At a ratio of almost four to one, customers in the PaymentOne study believe that direct carrier billed mobile payments are more secure than credit or debit cards for online purchases.
 
But will users adopt?
According to a separate study by ABI research, mobile wallet users will grow to 594 million by 2016, and carriers such as Google, Apple, Microsoft and Research in Motion will control the marketplace in the USA, Western Europe, Korea and Japan.
 
Couch commerce is so 2011. M-commerce is the future.
 
 
 
click and collect
After years of trying to drive customers to their e-commerce sites, retailers like Sears, Nordstrom and Wal-Mart have all instituted programs that let you order an item online and then pick it up at a brick-and-mortar location.
 

 
This strategy to get shoppers to set foot in their stores and breaches the divide between e-commerce and real world sales as competition grows from Amazon and other online retailers. The convenience, for both consumers and retailers assists in streamlining inventory because many stores had previously offered different selections online than in store. In a world where shoppers are becoming accustomed to browsing digitally, it just makes sense to sync the Web and in-store experience.

Examples include:

  • Wal-Mart announced last week that it would expand an old program with a new one called “Pick Up Today" from 2,000 items in less than a quarter of its stores to 40,000 items (by the fourth quarter), including baby items, toys, electronics, video games and appliances in an initiative expected to reach nationwide (3,600 stores) by June. When the order is ready, customers will receive a text message or e-mail alerting them when their orders are ready.
  • Wal-Mart will now let consumers refill prescriptions and order photos via its mobile website.
  • Nordstrom recently combined its inventory so that if the online stockroom is out of an item, a store that has it can ship it to the Web customer as part of their "Buy Online, Pick Up In Store" service offering.
  • Best Buy, Ace Hardware, JC Penney and Sears are among the others offering “ship to store” programs.
 

By motivating customers to visit brick-and-mortar, the retailer increases the chances that they’ll pick up another item or two on the way to the checkout - increasing retailers UPT (units per transaction). "Click and Collect" services can also decrease labor costs, in addition to shipping, if employers tap in-store employees during down sales hours.