
This is the latest in a virtual roundtable series co-hosted by strategy and Media in Canada that explores advertisers’ branding, marketing and media investment strategies throughout the COVID-19 crisis.
In this instalment, MiC’s Bree Rody and strategy‘s Justin Dallaire look at the unique challenges facing the fashion retail industry at a time when many brands are in the midst of their reopening strategies.
The roundtable brought together Meghan Nameth, SVP of marketing at Hudson’s Bay; Peter Housley, chief revenue officer at Indochino; Jason Anderson, SVP of brand, marketing, communications at Cadillac Fairview; and Monique Brosseau, president of GroupM Quebec.
You can listen to the roundtable audio-only version here, or view the video version at the bottom of this article.
Highlights
“We are seeing that people will return to a different experience, where it’s much more a blend of online and offline… We’re seeing that omnichannel shopping experience continue to [grow] on steroids. We have leaped forward 10-plus years.” – Nameth
“We really went with a greatly pared down – literally a 70% or 80% reduction in media – for about seven or eight weeks. And then, about six or seven weeks into it, I started turning it up slowly, watching cost-per acquisition and keeping it very efficient. And I’m still relatively in that mode today for June.” – Housley
“The lower funnel is key right now. However, some of our clients are also looking at the long-term, because they do know… things will shift and change and they need to address that. There’s been an opportunity for some clients to accelerate their presence and their business online.” – Brosseau
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