Chez Vicky

As a young consultant at Coopers, I had the privilege of being included as the technology person on a number of engagements with other specialties. One such was the Victoria’s Secret engagement, where I was able to work with the firm’s top retail experts. I am going to make a point here, about knowing your customer, but not without telling the story.

Our customers in the Detroit office were mostly from the manufacturing practice, and the guys teased me about shipping out to the Victoria’s Secret facility. “Wear a hardhat,” one wag said, “in case a box of panties falls on you.” We did, in fact, keep hardhats in the office.

I did not know a corset from a camisole, so I resolved to study the catalog until I knew the names of all the items.

The retail people were different. My tech counterpart arrived from Chicago with just a rollaboard, same as me. He was chafed because he had had to wait for Charles, the retail expert, with his train of checked baggage. Bemberg lining, doctor’s sleeves, Aston-Martin cufflinks. They were a different species.

My side of the engagement was to evaluate the client’s competence in software management, capacity utilization, contingency planning, staffing, budgeting, and so forth – routine work for me.

I also ran the day-to-day activities of collecting data and conducting interviews. Victoria’s middle managers were, unbelievably, all attractive women. I would have to tell my guys to stop hyperventilating. “Yes, she’s hot. She’s also a VP.  We’re interviewing her tomorrow.”

The men who worked there seemed inured to Victoria’s charms. The head of store ops banged through the statistics from memory. He knew which item, color, and style sold best in each market.

“The black satin tap,” he said, on this topic, “that one.” He pointed, without looking up, at a promotional poster. I confronted a life-size photo of a dark-haired woman modelling this item, to good effect. I did not know, initially, a corset from a camisole, and so I resolved to study the catalog – no, not the illustrated one – until I knew the names of all the items.

The firm’s seniormost retail expert, Marge Meek, took me under her wing. She was a retail god. Like, personal friends with Marhsall Field, or something. Marge took me to visit some stores, which turns out to be pretty important in retail.

“Okay Mark, who is the Victoria’s Secret customer?” Well, to start with, she is young, fit, well-educated, and upwardly mobile. I rattled off what I had read in the annual report.

“Now look around. Is that who you see here?” I am a tech guy. It would never have occurred to me to visit a store and study the customers.  Marge offered her own characterization, which was a little less flattering, but undeniably accurate.

Back at the job site, we reprised our field trip for the team. Our engagement partner had his own opinion. “Women that date Mexicans,” was Dean’s pronouncement. He was not well-liked by the retail people.

Moto Commerce Digital Retail

Moto Insight has uploaded a complete demo of their digital storefront, Moto Commerce.  This shows confidence that they’re not worried about being copied, or being anatomized by some smart-aleck software consultant.  Here’s how Moto handles the six key functions:

  • Choose a vehicle – Including accessories.  I write a lot about the importance of protection products, but accessories are important too, especially for certain brands like Honda and Subaru.  Everything is shown at MSRP but, because the site is customized for each dealer, I imagine there is some flexibility.
  • Price the vehicle – Including incentives.  No idea whose data service they’re using for this.  I usually recommend Market Scan, but it is possible to roll your own.  Rodo recently developed their own incentives engine.  I tried to coach one of my clients on this, but they wouldn’t do it.
  • Price protection products – Including digital content.  Not clear how finance term is linked to protection term.  Customer could choose, say, 36 months of GAP on a 72-month deal.
  • Value the trade – They use Trade Pending, which I mentioned here, but they also offer a condition quiz with the ability to upload photos.  This is very strong because it allows the Used Car manager to bid on the vehicle during the online experience.
  • Structure the deal – The calculator is always running and continuously updates the monthly payment.  This is one approach to the nonlinear workflow problem, but it also means the customer is looking at an inaccurate payment throughout most of the shopping tasks.
  • Organize financing – Here, again, it’s hard to have confidence in the payment until we’ve processed a credit app.  The demo shows the customer choosing term and rate, as if his credit tier is already known.  Moto pushes to Route One and Dealertrack, but it should also pull.

Overall, Moto is a solid online shopping experience.  It does not literally sell the car, in the sense of doing the paperwork, but it does produce a complete, deliverable deal.  Next, the customer can reserve the vehicle, save the deal, and make an appointment.

The in-store version of Moto uses the same pages, making a seamless “omnichannel” experience for the customer.  This means it’s a potential replacement for your desking and menu systems.  Customers can also begin the process in-store, and take the deal home.

I’ll close with Andrew’s hook from the video.  Imagine your dealership offers this experience, and the other guy has only a lead form.  Which do you think the customer would rather work with?