A recent interview with founder of Bonobos, Andy Dunn, caught my eye. In large because of the shade he threw on what was previously his mantra – digitally native brands are the future. According to Dunn, “I don’t really like digitally native vertical brands,” Dunn said. “What gets me excited are brands that are really strong and direct-to-consumer, but also have got omni.” Click here for the article.
Interesting 180 degree change from someone who was a strong advocate for brands being “digitally native.” Also interesting to see some folks falling all over themselves on social media trumpeting this statement as a “eureka” moment. Let’s rewind to when companies such as Bonobos, Casper, Warby Parker and others were seen as the future of retail. Pundits fawned over how they had captured mind share for a specific part of retail, and bypassed traditional vendors by not having the burden of that pesky brick and mortar albatross. Whether in men’s apparel, Bonobos, mattresses, Casper or eye wear, Warby Parker, these brands were turning retail upside down. One aspect that was ignored, as these digitally native brands were making noise, was that the granddaddy of all digitally native brands – Amazon – was starting to dip into the physical world. Whether via their own branded pop up stores, Amazon Go stores or when they made the bold move of acquiring Whole Foods, the biggest digitally native brand was admitting what many knew – you cannot grow without offering some physical touch points for your consumers.
While it is refreshing to hear Andy Dunn talk about the need to have a multi-pronged approach to retail, those that look at this as an “a-ha” moment are missing the point. Digitally native retailers that are just now realizing this are already behind, just like traditional retailers who scoffed at the dot com rise and saw that as a fad. What all retailers need to realize, if they haven’t already, is the digitally empowered consumer now runs the show. She dictates where, when, how and why she will interact with your brand. And she is not a one size fits all persona. Retailers need to be wherever that consumer wants them to be.
We need to pivot the conversation away from omni-channel, digitally native, brick and mortar or mobile to simple commerce. When consumers interact with a brand, the distinction between in a store, at a kiosk, on line, via an app has evaporated. Instead they expect and assume that the experience they have with that brand will be the same regardless of the medium. The challenge for retailers and brands is to constantly think of their touch points with consumers under this lens. How does my consumer want to interact with me? Where are some hidden opportunities to touch and amaze my customer?
I am glad to see Mr Dunn realizes the importance of multiple customer touch points. Sometimes you just have to continually repeat yourself to be heard.