We're number 2 of US retail brands!
The article on "omnichannel" strategy is very good. Growth with Hints of Channel Integration was also good--there's a Target mention. Try From Selling Products to Selling Experiences, too. Lastly, you may want to skim the Methodology section at the end to find out what qualities of the brand they've basing their rankings on. We support many of those qualities.
February 21, 2012
Walmart tops the U.S. list; Amazon.com biggest riser overall; Global retailers focus on becoming omnichannel New York, NY
(21 FEBRUARY 2012) – Interbrand, the world’s leading brand consultancy
has released its 2nd annual global report dedicated to the retail
sector.
The Best Retail Brands report
ranks the top 50 U.S. retail brands by brand value, as well as the top
retail brands from the U.K., France, Germany, Spain, and the Asia
Pacific region.
The U.S. brands are valued for the fourth time in collaboration with
Interbrand Design Forum, Interbrand’s retail experience group. Findings
show that U.S. retailers are continuing on a path of steady growth, with
online retail spending making up to almost 9 percent of all U.S. retail
sales, a jump from 7 percent from 2011.
Looking beyond the U.S. list, Tesco (UK), Carrefour (France), Aldi
(Germany), Zara (Spain), and Woolworths (Asia Pacific) are ranked as the
number one retailer in their respective markets—all holding their top
spots from 2011. Across Europe, leading retailers are gaining a
competitive edge and winning customers by investing in new omnichannel
strategies and in the overall in-store brand experience. In Asia,
retailers are placing a renewed focus on quality, personalization, and
after-sales services in an effort to rebuild and bolster consumer
confidence following the natural disasters and economic turmoil that
plagued the region in the past year.
Retail is a highly competitive marketplace. Consumer spending is
scattered due to the myriad ways of making purchases. Manufacturers are
becoming retailers, and new rivals - often in the form of both small
companies and international players entering new territories - are
continuing to fragment the market. In such a climate, every customer
interaction becomes crucial.
“Today’s retailers have entered an era of infinite competition,” said
Jez Frampton, Global Chief Executive of Interbrand. “These Best Retail
Brands understand that every channel matters in the new landscape – and
prove that though a multichannel approach is certainly more complex, if
done strategically, it pays off.”
Brand-led companies are proving to be resilient by continuing to bolster
their digital experience, while simultaneously finding new ways to
reinvigorate the in-store brand experience.
“One of the most compelling lessons from the list is that the best
brands didn’t stand idly by, waiting for further signs of recovery. They
contributed to it by anticipating their customer’s desire to return –
not to shopping as usual – but to something better,” said Bruce Dybvad,
CEO of Interbrand Design Forum. “For the most part, companies have
invested in better store experiences and put more capabilities into the
hands of their shoppers.”
The most prominent global retail trends gaining relevancy across the sector include:
The Need to be Agile: Now
that consumers decide how, when and where to interact, the only
location for retail is where the customers are. Responsiveness trumps
efficiency and adds value for customers. Brands like Uniqlo and Tesco
are experimenting with new ways to better engage with customers. Tesco
created a virtual grocery store in a Seoul subway station and Uniqlo
built a summertime roller-rink and pop-up store in Manhattan.
Focus on the Path to Purchase:
By returning their attention to the way consumers make purchase
decisions, top brands find opportunities to innovate around pain points
and build relationships. Today’s pathway is more complex, with digital
tools enabling customers to conduct more robust research to identify the
best value.
Every Brand is a Story: While
retail has historically been extremely operationally focused, more
retailers are looking to brand to build value. A brand must develop a
theme beyond a shopper’s need for function and identity by adding even
more emotion and dimension. The trick is to find the value beyond the
transaction. The world’s best brands know what the customer values, and
work relentlessly to provide it for them.
Leverage Design to Build Brand Value:
Experience is the defining element of any brand. It provides the memory
that prompts repeat use, or doesn’t. Shoppers expect their favorite
brands to speak in a consistent voice, in-store, online and in
traditional and digital channels. In retail it is extremely difficult to
get all the customer-facing components to talk the same talk to convey
consistency and relevancy. Design is the ticket to breaking out of an
old brand identity to re-inspire your customers. It can help add
excitement and drama to routine transactions and its storytelling
ability can energize brand culture.
The Promise of Omnichannel Retail:
A successful omnichannel strategy has the potential to revolutionize
retail, but the typical state of cross channel commerce remains poor,
plagued as it is by information silos, organization issues, and
non-interoperable programs that frustrate customers. Brands like
Walmart, Boots, and Macy’s are aggressively taking steps to master the
new omnichannel world. The challenge it represents is great, but so are
the rewards. Global key findings from the study include:
- Walmart
maintains its #1 position on Interbrand’s U.S. Most Valuable Retail
Brands list for 2012, with a brand value just over US 139 $m, but down
2% from last year.
-
- Amazon.com maintains the #9 position, and
increased its brand value by 32%—the largest riser amongst all
countries’ brand rankings.
-
- eBay moves into the top 10 for the
first time, replacing Dell on the U.S. Most Valuable Retail Brands list.
Dell fell off the list due to the fact it no longer meets the report’s
criteria. (To be defined as a retailer, a brand must generate at least
50 percent of its revenues from sales through its branded retail
locations). Dell is continuing to focus more on its enterprise business
which occurs through direct sales channels rather than retail
locations.
-
- Across all the global lists found in this year’s
report, the overall top risers include Amazon.com (U.S.; up 32%) Lerory
Merlin (France; up 22%), Mercadona (Spain; up 22%), Lidl (Germany; up
20%), Tractor Supply (U.S.; up 18%), and Sephora (France; up 18%).
-
- The top new entrants include Guess (U.S.: 1,748 $m), Bershka (Spain; 873 $m), and Muji (Asia Pacific; 355 $m).
About Interbrand Design Forum
For more than 30 years we have been creating retail brand experiences
for companies around the world. Interbrand Design Forum’s talent for
game-changing innovation spurred us to create a business model that
integrates analytics-based strategy into what began as a design and
architecture group —the first and only company with such a comprehensive
offering. Our broad range of services includes: retail design, brand
strategy, shopper sciences, packaging, digital, documentation, and
rollout. This unique ability to address retail’s growing complexity has
led many of the world’s top companies to our doorstep and propelled
Interbrand Design Forum to the forefront of the industry. For more on
Interbrand Design Forum, visit
www.Interbranddesignforum.com.
About Interbrand
Founded in 1974, Interbrand is one of the world’s largest branding
consultancies. With nearly 40 offices in 25 countries, Interbrand’s
combination of rigorous strategy, analytics and world-class design
enables it to assist clients in creating and managing brand value
effectively across all touchpoints in all market dynamics. Interbrand is
widely recognized for its Best Global Brands report, the definitive
guide to the world’s most valuable brands, as well as its Best Global
Green Brands report which identifies the gap between customer perception
and a brand’s performance relative to sustainability. It is also known
for having created
www.brandchannel.com, an international online exchange and resource about brand marketing and branding.