Walmart's Global Head of Mobile, Gibu Thomas just got off stage here at CTIA in Las Vegas. He offered an overview of Walmart's approach to mobile which based on our research is dead on. It's solid. (I dropped in a partial/paraphrased transcript below - read the details if you'd like, but summary/analysis up top here. At times I felt like he was following our research stream b/c the language was so similar - he even quoted James McQuivey from 1999 "When consumers adopt new technologies, they do old things in new ways. When they internalize technology, they begin to do new things."
(And I'll sound like a bit of a broken record here as I've said so much of this before. Difference now is retailers like Walmart are implementing and talking about the results).
- Mobile opportunity ($) > eCommerce opportunity. The opportunity in mobile is not primarily mCommerce - a number Sucharita Mulpuru and Forrester Research put at 8% of eCommerce sales in 2016. In 2016, eCommerce will be about 10% of retail sales. The mobile-influenced number at more than $700B (forecast) in the US makes mobile-influenced sales the bigger number. The opportunity in mobile is a combination of a) influencing sales ($$$) and b) giving consumers the ability to buy anywhere/anytime ($). You can't just shrink/squeeze and experience onto a small device - this is too mini-eCommerce centric and misses the bigger opportunity.
- Consumers who use mobile devices are more engaged and spend more. Ok - there is a big of a chicken or egg here. Do more loyal, frequent shoppers download your app? or do consumers become more loyal once they download your app? The answer is both. At Walmart, mobile app users spend 40% more each month and make 2 more trips/month. Our highly engaged spend 77% more each month and make 4 more trips per month than the non-mobile use.
Read more
As I sit at my kitchen table enjoying the quiet of my house before my kids come home, I know that I will move to my office and shut the door once that tranquility is shattered by their arrival. Then later this evening, once the house is again quiet with the monsters nestled in their beds, I might just take a few calls propped up on pillows in my bed. Yes, I do that regularly. Heck, they call it a laptop, right? This is the "home" scenario. On the road, workplaces and spaces vary even more. I really work best from a hotel room, or the hotel bar if I have a good headset on. None of this is new for me; I have played the role of an itinerant worker for years. But for a long time my employers continued to put my name on a door or cubicle. For me, that has now changed. No more nameplate for me. Employers are increasingly waking up to the fact that many employees (or "information workers," ugh... hate the term) just don't need or even want a fixed office or space. And, likely more importantly, the employers don't want that either. An empty office is an under-optimized asset. Both demand-side and supply-side forces converge to drive workplace and space diversity.