5 • 145 Ratings
🗓️ 22 January 2024
⏱️ 53 minutes
🧾️ Download transcript
This episode is brought to you by Tidio and SARAL - The Influencer OS
Join host Rose Hamilton, Founder of Compass Rose Ventures, as she sits down with Andrew Laudato, Chief Operating Officer of The Vitamin Shoppe, to discuss the fascinating evolution from a technologist to a retail leader.
In this episode, we’ll discover the innovative strategies The Vitamin Shoppe is employing to navigate the retail landscape amidst technological advances and evolving consumer behaviors.
Key Themes:
Customer-Centric Philosophy:
* Andrew emphasizes the critical importance of always putting the customer first.
* Discussion on adopting a multi-channel retail approach to serve customers where they are.
Embracing Technological Partnerships:
* Insight into The Vitamin Shop’s partnerships with Instacart and DoorDash to improve accessibility and convenience for customers.
* Leveraging technology for efficient supply chain management.
Education and Employee Training:
* The company’s commitment to educating customers about its products.
* Importance of thorough training for employees to maintain a consistent and knowledgeable shopping experience.
Personalized Marketing and Data Privacy:
* The balance between using customer data for personalized marketing and ensuring privacy and security.
Sustainable and Quality-Focused Industry Practices:
* Discussion on the vitamin industry’s focus on sustainability and quality.
* How The Vitamin Shop aligns with environmentally conscious practices.
Career Development Insights:
* Andrew advises pursuing varied experiences and passions before settling into a career path.
* Retail as a foundation for developing management and leadership skills.
The Concept of Composable Commerce:
* Explore The Vitamin Shop’s move towards “composable commerce” and its implications.
* The challenges and uncertainties of long-term planning in a rapidly changing retail environment.
Episode Highlights:
* Andrew’s personal career journey and lessons learned transitioning from tech to retail.
* How multi-channel retailing and online platforms are revolutionizing the shopping experience.
* The importance of training and knowledge in empowering employees and satisfying customers.
* A deep dive into how personalization and privacy intersect in modern marketing practices.
* Insights into the future of retail and how to prepare for shifts in the industry.
Call to Action:
Andrew Laudato encourages listeners to consider how technology and consumer habits shape a brand’s shopping experiences and the importance of sustainability and quality in product choices.
Thank you for tuning in to our latest episode.
Remember to subscribe to “The Story of a Brand Show” on your favorite podcast player for more conversations with industry leaders and to stay updated on the latest trends in consumer brands, retail, and beyond!
For more on The Vitamin Shoppe, visit: https://www.vitaminshoppe.com/
*
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0:00.0 | one thing that really urges hates me, people ask me like, oh, what's your AI strategy? Or back |
0:04.6 | then it was, what's your mobile strategy? What's your cloud strategy? And at the bottom shop, |
0:08.4 | we don't have any of those. We have sell more vitamins to our customers and meet our customer |
0:13.1 | needs strategy. And all those things I mentioned, the cloud, mobile, the internet, personalization, |
0:20.1 | AI, these are tools that are going to help us better serve our customers. |
0:24.6 | So I never look for, you never want to have, hey, I want to solve this tech problem with business, right? |
0:30.9 | Even saying it out loud sounds funny. |
0:32.6 | You don't want to solve a tech problem with business. |
0:34.9 | You want to solve business problems with technology. |
0:37.3 | So it start with the customer. How can we better serve customers? a tech problem with business. You want to solve business problems with technology. |
0:39.6 | So it starts with the customer. |
0:43.8 | How can we better serve customers by listening to them, understanding what they need, |
0:45.0 | what are other people doing? |
0:52.2 | Then these really, really exciting advancements in technology enable us to more and more better serve our customers, whether it's with data or the right |
0:55.1 | product or the right message or the right marketing. So that's the answer. As you understand, |
1:00.7 | the customer and the technology will follow. Well, welcome listeners to the story of a brand. |
1:16.2 | I am Rose Hamilton and your host for the day today for this episode. |
1:20.1 | And I am extremely excited about the fireside chat that I'm about ready to have with Andy Ladato. |
1:28.3 | He is the C.O. of the vitamin shop. |
1:32.3 | And for me personally, it's an incredible honor to have him here |
1:36.3 | because I have some background and some history of serving as chief digital |
1:40.3 | officer for the vitamin shop many a moons ago. |
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