This research is based on unique data collected from our proprietary audience of publisher, agency, brand and tech insiders. It’s available to Digiday+ members. More from the series →
This is a bonus behind-the-scenes look at our conversations with executives for Digiday’s 2024 Holiday Marketing and Commerce Report. You can read part one of the report here and part two here.
It’s that time of year again — consumers are shifting their attention toward the holidays. Gift-buying is top of mind for shoppers, along with holiday experiences like travel, hosting events at home, and attending holiday concerts and parties. That means it’s time for brands and retailers to have their inventories, discounts and marketing tactics lined up so they can attract those shoppers.
As the holiday shopping season kicks off, Digiday+ Research sat down with brand and retail marketers to see how they’ve prepared for the season. Below is a roundup of what executives at Tanger, Bespoke Post and Wrangler had to say about their holiday marketing and sales plans.
Holiday communication with customers is a balancing exercise
Brands and retailers know the holiday marketing season is noisy. That makes it vital for marketers to prioritize meeting consumers where they are to get their attention and keeping that attention as they shop for gifts.
“The holiday is an extremely important time of the year, and something we invest heavily into.” — Alvaro de la Rocha, CMO at Bespoke Post
“Our North Star is ultimately going to be the ability to get to you personally and only share with you through whatever method you consume advertising. That could be text, that could be email, but get to you and only share things that we know you’re going to open.” — Stephen Yalof, president and CEO of Tanger
“We want to train customers to open emails, not ignore emails, and the best way to do that is to be thoughtful with regard to frequency, messaging and what products we choose to put in front of the consumer.” — Stephen Yalof, president and CEO of Tanger
“One of our big takeaways this year is, as people shift their share [of] wallet somewhere else, or focus on discounting, it’s really important for retailers to build that loyalty [with customers].” — Lupine Skelly, retail, wholesale and distribution research leader at Deloitte
While shoppers search for holiday discounts, brands find creative solutions to add value
Digiday+ Research’s holiday survey revealed that nearly three-quarters of marketers (71%) plan on offering similar discounts this year compared with last year, while nearly one-quarter (22%) said they offered deeper discounts in 2023 than they will this year. Rather than enticing holiday shoppers with discounts, this year, marketers are looking into other ways of adding value to customers’ purchases. When it does come to offering deals, marketers are striving to be flexible and react quickly to shoppers’ needs.
“We have a [promotion] calendar but are also reactive, because as a third-party retailer, we carry brands that discount their product. That means anyone who carries them can discount their products. So we make sure to be reactive to that.” — Stephen Yalof, president and CEO of Tanger
“We’ve been successful with gift with purchase offers, both when you know what you’re getting, but also even mystery gifts with purchasing. It adds a fun component to what you’re doing.” — Alvaro de la Rocha, CMO at Bespoke Post
“[Our ‘Black Box’ offering] breaks through a little bit more than just straight discounts, and it’s more tangible sometimes. People love a discount and dollars off still works great, but it’s another method where you can drive a promotion that doesn’t necessarily have to be dollars off.” — Bespoke Post’s de la Rocha, regarding the brand’s mystery box of stocking stuffer items offered with each purchase
The executives Digiday spoke with were quick to point out the important roles social media platforms and influencer partners play as surrogate search engines and brand spokespeople during the holiday season. These platforms and influencers can help brands target the right people and help first-time customers discover new brands.
“Facebook and Google are massively important for us during the season — and TikTok has entered the mix a bit in our ad spend too. With Facebook and TikTok, their algorithms do a lot of the heavy lifting of matching an ad with a user. What we look to do is make sure we have a good variety of ad types and even product types in there. I’m interested to see as we enter this holiday season the rise of TikTok Shop, because there’s been a huge focus on them.” — Alvaro de la Rocha, CMO at Bespoke Post
“Based on past performance, social media gift guides have been an important lever, as they reach a broader audience and encourage immediate engagement.” — Chandler Jasperse, director of global digital commerce at Wrangler
“Locally, we work with influencers that are connected to their local centers and communities through ongoing relationships. We curate activations and events based on these relationships and share details, allowing the influencers to create content in their unique voices.” — Stephen Yalof, president and CEO of Tanger
“Our largest campaign work with influencers happens during the holiday season, where our goal is to raise awareness and engagement of Afterpay’s platform. We work collaboratively with our brand ambassadors to align on the content that fits their niche, and provide any relevant messaging to anchor them on how to use Afterpay, but largely leave the creative concepting up to them so the end result still feels organic to their audiences.” — Alison Meyer, head of commerce marketing at Afterpay and Cash App
“We encourage our influencer partners to lean into the specific products that resonate the most to them and to create content that most resonates with their followers. But, we do align on the outputs in terms of number of posts, reels or stories. We have found the most authentic and engaging content comes from providing Tanger-brand information, but not being too directional on content output specificity. We select influencers based on their voice and want that to shine through in their content without being too restrictive.” — Stephen Yalof, president and CEO of Tanger
Holiday catalogs make a comeback, but for who knows how long
Holiday catalogs have long helped eager shoppers plan their holiday gifts and purchases, but shifts toward digital marketing channels have made direct mail and catalog marketing a forgotten art among brands and retailers. However, in Digiday’s holiday research, marketers have noted a resurgence of physical holiday mail.
“One-hundred percent of people are thinking of gift giving during the holiday season, so definitely the holiday catalogs have seemed to work. In 2022, it was something we immediately were surprised at how well it performed, and so we decided to invest in it again for 2023 and even test in different seasons. We’ve tested Father’s Day and a fall apparel catalog. We’re steadily trying to test into other seasons, but nothing quite matches the holiday season.” — Alvaro de la Rocha, CMO at Bespoke Post
“The thing we’re continuing to try to test is how incremental is it? In the [direct-to-consumer] community people share knowledge, and people hear through the grapevine that these channels are beginning to work, and you quickly see people dive in. There could be a shift again because I know my inbox is more full with catalogs than I have felt in a long time. I think [catalogs] are going to start diminishing in impact because of the sheer quantity of it. We’ll have to see what the future years bring. That’s why we’re being very cautious about how we scale into it.” — Bespoke Post’s de la Rocha
https://digiday.com/?p=560331
Information contained on this page is provided by an independent third-party content provider. This website makes no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact editor @pleasantgrove.business
