Presentation on theme: "Brand success How Social Media Builds Community Caroline Duley COM313 | Dr. Gournelos April 28, 2015."— Presentation transcript:
brand success How Social Media Builds Community Caroline Duley COM313 | Dr. Gournelos April 28, 2015
background Bloomingdale’s is one of the most recognizable specialty retail brands in the world, from women’s, men’s and children’s clothing, to home goods Bloomingdale’s differentiates themselves through marketing strategies, such as, “100 percent Bloomie's” campaign Emphasizes diversity and creates high-end luxury feel (Luxury Daily, 2014). “Our customers are looking for a product that is a unique or limited distribution product.” – Executive V.P. of Marketing at Bloomingdale’s Bloomingdale’s utilizes social media as an outlet for these marketing strategies to create a sense of community 2-Way Communication with customers Symmetrical communication Bloomingdale’s falls into an interesting niche as a “middle child” in the fashion industry Below: J.C. Penney, Sears, Macy’s, Target Above: Saks Fifth Avenue, Neiman Marcus, Barney’s New York, boutique stores
literature review Integration of Traditional Branding and Social Media “strong [traditional] branding can lead to strong consumer interest in social media” (Komaromi, 2011). “both traditional communications and social media communications have a significant impact on brand equity” (Bruhn, 2012). Scholars of marketing and branding suggest that social media is a necessary component to create the sense of community that builds a successful retail brand; however, traditional marketing cannot be abandoned Three themes throughout these five scholarly sources Social Media Increases Brand Awareness “social media is now viewed as an opportunity to improve customer relationships and to ultimately capture a larger audience” (Mohr, 2014). “many companies have utilized social media marketing as a new channel to reach their consumers” (Rumman, 2014). Electronic Word-of-Mouth (EWOM) “social media has boosted interest in WOM and viral marketing among luxury brands…when WOM travels on the Internet, it can be viral and most powerful” (Mohr, 2014). “motivations of communicators and receivers in eWOM communication may not be commercial, those activities often contain names of brands/products/venues, and therefore they are likely to affect the perception of commercial entities or their products” (Wolny, 2013).
method one | sample | results Through a content analysis of its social media (Facebook, Twitter, Instagram, Pinterest), we can see that Bloomingdale’s is, in fact, interacting with customers and, therefore, increasing awareness, involvement and engagement November 2014 – February 2015 | 6 posts from each platform a month Facebook (24), Twitter (24), Instagram (24), Pinterest (24) Coded Themes Demographic Social Media automatically connects with younger generation, but marketing to younger generation is not “over-the-top” Tone “Fashion humor”, Light-hearted and Happy Content Indirect marketing Sales vs. Community No direct selling – Focus is on Bloomingdale’s community
method two | sample | results However, in-depth interviews with an older generation whom still identify as a Bloomingdale’s customer suggest that a combination of both traditional media and social media is necessary to fulfill a sense of community with both older and younger generations In-depth Interviews with three women whom feel apart of Bloomingdale’s community Mid 20s | Mid 50s | Bloomingdale’s employee Coded Themes Generational Gap All women recognized the generational gap in social media Community (online & offline) Online, new marketing is used to create a broader and younger audience Offline, traditional marketing is needed for the original and older Bloomingdale’s audience
discussion Traditional marketing methods are still needed to retain brand strength, while social media has created a “Bloomingdale’s Culture” for a younger audience Social media allows Bloomingdale’s to connect with a newer, larger and younger audience Traditional, face-to-face communication is still needed to retain the original, older audience and maintain loyalty “New innovative business models must incorporate social media to allow firms to build strong customer relationships and encourage loyalty, and interact with customers through new channels, formats, or revenue models” (Mohr, 2013). “Skillfully integrating media to deliver coherent marketing messages, reach diverse audiences, and build a strong brand image [is necessary]. This integration includes traditional advertising and social media campaigns” (Komaromi, 2011).
references “The Impact of Social Media on the Fashion Industry” (Mohr, 2013). “Using Social Media to Build Community” (Komaromi, 2011). “Are Social Media replacing Traditional Media in terms of Brand Equity Creation?” (Bruhn, 2012). “Analysis of Fashion Consumers’ Motives to Engage in Electronic Word-of- Mouth Communication through Social Media Platforms” (Wolny, 2013). “The Impact of Social Media Marketing on Brand Equity” (Rumman, 2014).