Sephora & Lyft Partnership: Omnichannel Genius Or Well-Spun Marketing? | Fast Five Shorts
Sephora offers $20 Lyft credits to drive customers to stores during Prime Day week. Our hosts analyze whether this "delivered to beauty" campaign represents innovative omnichannel thinking or just smart marketing spin that luxury retailers have done for decades. Sponsored by the A&M Consumer and Retail Group, Simbe, Mirakl, and Ocampo Capital.
📌 Sephora's Prime Day counter-strategy
📌 Historical context of luxury retail car services
📌 Target audience and marketing effectiveness
📌 Sustainability of the approach
For the full episode head here: https://youtu.be/IHX4xxVvFJs
#sephora #lyft #luxuryretail #primeday #marketingstrategy #beautyretail
Sephora taps Lyft to deliver customers to its stores according to Retail Dive.
Speaker AWhile several retailers are promising major discounts and speedy delivery during their July sales events, Sephora is flipping the script by delivering shoppers themselves to its retail locations for in store guidance and special pricing.
Speaker ASephora and Lyft Media have partnered on a promotion to literally drive potential beauty customers to a handful of its freestanding locations between July 7 and July 10, right amid all the Prime Day festivities this week.
Speaker APromoted as quote delivered to Beauty, the four day event provides customers with a 20 credit for one way rides on Lyft to a participating Sephora location.
Speaker AThere they will receive in store guidance and discounts of $10 on any purchase over $50.
Speaker ASelect Sephora stores in New York City, Los Angeles, San Francisco, Chicago and Seattle are participating in the promotion.
Speaker AAnd do you think Sephora and Lyft's partnership is omnichannel genius amid Prime Day, or is it more just good marketing spin?
Speaker BI think this is a great marketing campaign and that's what you have to look at this as.
Speaker BI don't think this is like a future pilot where Sephora starts bringing people to their stores and offering car service, but I do think that it's a worthwhile test and investment.
Speaker BI think it's a way to provide people a luxury experience at a price point that, you know, it's a $28 bottle of lotion, maybe that's what they buy.
Speaker BOnce they get to Sephora, it still gives them that white glove service that they don't typically get from a mass retailer like a Sephora.
Speaker BSo I think it's a really cool way to establish some brand loyalty, get some advocacy and some media attention and some social media posts from people who will most definitely share this experience online.
Speaker BBut I do not think that it's something that we'll see go beyond like, like this is, this is all coming from the marketing funding bucket.
Speaker BThis is not coming from like new store innovation, money or R and D. That's my perspective.
Speaker AYeah, it's not long term strategically differentiating with the coming throes of E commerce.
Speaker AThat's.
Speaker AThat's what you're telling me?
Speaker BNo, nor do I think this is like a long term play.
Speaker BI think this is going to be an idea until other retailers start doing it and then it doesn't.
Speaker BIt's not cool and, and innovative anymore.
Speaker AYeah.
Speaker ANo good.
Speaker AI'm surprised.
Speaker AI'm surprised we agree on this one.
Speaker AYeah, I was not, I was kind of wondering if you were going to take that approach.
Speaker AI, I 100 agree.
Speaker AI don't think this is anything new.
Speaker AI can remember you.
Speaker AI don't think I've ever told you this.
Speaker AI can Remember back in 1999, Banana Republic was running cars on demand around San Francisco to get people into their stores, and that was well before Prime Day even existed.
Speaker ASo, like, this is, this is not.
Speaker AYeah.
Speaker AIn fact, I'm.
Speaker BLuxury retailers have been doing this for years.
Speaker BLike, I mean, Neiman's, Bergdorf, like, they'll send a car for their good customers.
Speaker BLike, like you always say the casino model.
Speaker BLike, we'll take you wherever you want to go.
Speaker BYou're going to come spend money, go for it.
Speaker BYeah, right.
Speaker BBut it's continue.
Speaker AIt's not going to say.
Speaker AI mean, the point is it's not going to stave off the Prime Day drain in any way, shape or form, especially when you're just doing like five cities.
Speaker ABut it does make a compelling headline of like the omnichannel strategy when you pitch it in the media that way.
Speaker ASo kudos to the Sephora marketing team for getting that hook and getting people to bite on it more so than they would if it was just the traditional things like you were just describing.
Speaker ARight?
Speaker BYeah.
Speaker BYeah.
Speaker BI think it's brilliant.
Speaker BYou look at their target audience.
Speaker BI mean, you have teens that don't have licenses that need to get into the, you know, get into the store and giving them the opportunity to spend a bunch of money.
Speaker BLike, you'll, you'll make your, you'll make your marketing impressions, that's for sure.
Speaker BLike, I think this is a very worthwhile marketing investment.
Speaker BBut, yes.
Speaker BNot, not the strategy that's going to help them take off.
Speaker AI just laugh at our retail media peers that pick up these sound bites that the PR teams are throwing them.
Speaker ALike, oh, it's, you know, an omnichannel strategy to combat Prime Day.
Speaker ALike, come on.