Mastery Unveiled: Sarah Engel on Elevating Brands, Cultivating Culture, and Shaping Digital Futures - podcast episode cover

Mastery Unveiled: Sarah Engel on Elevating Brands, Cultivating Culture, and Shaping Digital Futures

Sep 11, 202336 minSeason 8Ep. 1
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Episode description

🚀 MUST-LISTEN: New Podcast Episode with Sarah Engel from January Digital! 🎙️

Why tune in? Here are the top reasons:


1. The Evolution of Marketing: TikTok vs. Facebook/Instagram(Meta) Dive deep into the critical transition from traditional to digital marketing and how it has shaped the industry today. Learn from real-life challenges and experiences! 📈


2. Data-Driven Decision Making: Sarah touches upon the importance of harnessing data for more insightful and informed decisions. If you're looking to level up your decision-making skills, this episode is for you. 📊


3. Continuous Testing & Adaptation: Explore why brands should allocate a significant portion of their budgets for testing new strategies and how failure can pave the way for ground-breaking success. A game-changer for marketers! 🎯


4. Navigating Platform Dependencies: With platforms increasingly interconnected, what risks does it pose for brands? An eye-opener on the Metta-Instagram connection and its implications. ⛓️


5. Resilience in Retail: Get inspired by how the retail industry has withstood challenges, especially during the COVID era. Plus, hear out insights on the mantra of 'doing more with less.' 💪


6. Networking & Growth: Sarah offers golden nuggets on personal and professional development. Perfect for anyone looking to grow their network and career. 🌱


7. Empowering Women in the Industry: A special shoutout to the 'ShopTalk meet up for women' - highlighting the essential role of women in the industry and empowering them further. 🌟


Enhance your marketing strategies, fortify your data-driven decision-making, and stay ahead in the digital curve!

#DigitalMarketing #JanuaryDigital #SarahEngel #PodcastRecommendation #SEO #RetailResilience #theretailpodcast #retail

Transcript

Hello and welcome to the Retail podcast and today we're joined by Sarah Engel from January Digital Live from New York. So let me bring her to the stream so she's not there listening in the In the Green room. Hello Sarah, how you doing? The Green Room. But anyway. Thank you so much for having me. I'm so glad to see you again Sarah. I feel rather than witter off your fantastic list of credentials, and I think a couple of ones.

Just a tap tap on why I thought would be wonderful to have this conversation with you right now as we go into the golden quarter. There's a lot of topical things but it feels like if you are anyone in the conference industry and you want to keep your finger on the poles they phone you up and ask you to to to be the person the government speak. You're.

You're on the board at the shop, talking grocery shop, your advisor, the NRF and and NXT you you're the women in retail leadership circle and you also while doing all of this have grown your career from CRO to to CMO to now President at January Digital. And it's phenomenal to see. And what we've tried to do on the podcast over the over the years is look at great leaders who are sort of empowering not only their teams and their business but the industry.

And I think you're, you know, your your, your profile speaks volumes of how you're doing both things which must be really challenging though. Oh, thank you. So what a kind introduction by the way. It's a trip down memory lane. But yeah, I mean it we, it is such a phenomenal time in the industry. It certainly has been challenging and there's a lot of headwinds, but it's also because of those headwinds, there's so much innovation going on. It's moving so quickly.

So I find that really exciting. There's, you know, that the people that I'm surrounded with, the women that I'm able to interact with and and, you know, kind of help in their next stages of their careers. Like they are the ones making the changes in this industry and are moving as fast and hopefully sometimes faster than the consumers moving. So it's a phenomenal time in the industry and I think change is always a great fuel for innovation.

But before we get into, if you like the day job and I mean I've got so much to ask you about community commerce, I've seen your post about Tick Tock about what retailer should be doing in engaging the audience earlier. But I just think if we look at the, you know, Sarah the human take take away the retail

element for a minute. What I'd love to do is and and luckily fortunately the I've looked at my data from Spotify on on the listenership and we do have females almost equally represented not only from a listenership but also from an engagement perspective. And so the ages between 25 to roughly 45I, I have parity in listenership. So I'm 25 and I think this is the, the advice that I'm going to ask you to give probably can go to either either or.

But I'm just curious if you could go back in time to sort of whisper in your ear early on in your career to accelerate your amazing career that you've got and are still building. What would that advice be? There's a there are a couple that I think of often. I think the biggest one, first and foremost is that setting boundaries. Actually gets too farther ahead and it's good for everyone

involved. I think it took me a long time to realize saying I'm not able to fly on Sunday, I will be there on Monday hard stop as opposed to well because my kids have to go to school and all these details of like, this is what I'm able to do, this is what I'm willing and able to do. Once I did that, it unlocked. It made me so much more powerful and focused within each moment of my life.

And so I think those, the establishment of boundaries, I certainly wish I had figured out earlier in my 20s. You know, you wear yourself down, you end up getting sick. You know, you do all of these things to tie yourself in knots and really doesn't need to be that way. And it's not. And it's not just a power differential element. It is like literally the ability to say here the boundaries of each element of my life. Here's how I'm going about this. I'm very clear.

I know what my priorities are. It actually helps everyone around you. And I think it's sometimes seen as selfish and it's and it's absolutely not, it is self protecting but it actually serves everyone around you. Everybody's very clear on what what is going to get done at each individual time in your life. And so that would be one big one.

The other one is is more tactical I suppose, which is to say if you are coming up in communications or liberal arts degree, get your finance training. That is, that was one of those lessons in life, that the moment I stepped into a boardroom, I realized that most of the people at the table, the likely I'd be the only woman, and I would also be the only one who came from a marketing or communications

background. The moment I couldn't speak the same language in terms of finance, I was dead in the water. And so I actually personally spent my money on the side years ago went got financing I needed. Which helped me of course in every element of the business. It helped me to become a president of a company to be able to run things from a more operational standpoint.

But that's always my advice to our more communications focused team members and and you know, young, young people that I'm involved with is make sure that you're covering every area of business. For me, that was finance because at some point you need to be able to speak that language, need to understand it deeply to be able to run a PNL Yeah, no, I love it. And and just to let you know,

they're actually 2 new points. That one of the main things that a lot of listeners have heard from, from several CEO female leaders is the fact that the the voice that they had in their in their heads was one that they wish they hadn't had. Basically having permission to talk is is one of the things as a as a female leader later in life that was never an issue early in life. It's like do I have permission and and that's why I was saying that probably is as relevant to

to myself or to anyone. But it was really interesting and I and I guess when people look at their careers, making sure you have that wellrounded perspective is what, which is what you're saying if you're going to go into leadership, you need that wellrounded. Absolutely. That brings a slightly different point out. But the idea of advocacy and building that good ideas are

good ideas, right? The the, the willingness and ability to speak up. I think about reverse mentorship that I have here in our organization. Like there are so many younger people in our organization with phenomenal ideas who grew up digitally native. If I'm if I'm not able to put my own background and ego to the side to learn from these team members, like there's no way you're going to innovate fast enough. And so I think that's true for anybody.

There are very distinctive moments careerwise where it was more literal, like I remember being on an executive team, not here in the past where there were two women in the executive team and then there were a number of men on the executive team. And what we realized was that sometimes those ideas weren't quite heard. Somebody would say something and then somebody would say it later. And then John, that was a good idea, that type of thing. We actually had a code.

We literally kind of worked without the background. And of course, now I do it very naturally and probably have for the last 10 years, but it was like that was a really good idea when you brought that up earlier. Could you elaborate on that? Hey, but you mentioned that earlier. So there was actually kind of a very intentional advocacy. And and certainly that was in this case where we, you know, only had two women on an executive team over time. I think that's for anybody.

And I think it's even more important when you have hybrid and remote work situations, might be an introvert, extrovert situation. It might be one person on the screen and everybody else in the room. So being very emotionally aware of people trying to speak of, you know, an idea, something somebody wants to bring up that somebody hasn't said something in a while.

And making sure that you're actually bringing people into the conversation, like very intentional advocacy helps your own team operate in a stronger way and innovate faster. And I just want to pick up on that. You mentioned earlier about allyship and and you know and truly sort of being empowering your team. What words of advice would you have for executives who potentially don't know how to be an ally, right. I think that's this word that everyone It's it.

Is it just mean I'm a nice person, right? Am I? Do I have to proactively do something? And what is that thing that I need to do So as an executive, as a as the president who runs a visit, what, what words of wisdom would you out?

It's true for anybody. But I actually want to speak to your male listenership right now because I will tell you, and I would say most women, I just did a panel recently with two phenomenally high-powered women in retail and all three of us, as we talked about our own mentors, our own champions, almost all of them were men. So we certainly had a woman or two, but almost all in moments. So, so the the power of male allies and the power of just champions for good ideas.

Again, male, female, good ideas, somebody being really having a real a lot of promise in your organization. I think the biggest thing is being very conscientious of speaking people's name when they're not in the room. The reality is you are often in a room where decisions are being made. If you're in a legal role, you're in a room where decisions are being made. It is your responsibility to say when somebody says you did such a great job on that, to go, oh, Danielle actually built that.

That was actually her idea. She's not in the room, right. And so it's my responsibility to say that on her path. And so I think of situations like that where like that is one of the strongest thing leaders can do is not just giving credit where credit is due, but like, hey, we're thinking about this new thing. We're working through this. Why don't we go ask these three people? Like, they have really unique perspectives, right? Let, let and you talk about inclusion.

That is an element of inclusion, like making sure that your brain voices into the room and to have the conversation. So I think there's more formal ways to go about it too. Mentorship is certainly powerful and important and and they're both informal structures of mentorship, which I've experienced as well as more formal. I remember going to somebody who had a very different skill set, a senior person in our organization. And I said to him, would you be willing to mentor me?

This is what I mean by that. Well, could we meet one time per month? I only need one hour of your time. This is the type of feedback I need. I would love to give you this feedback in return. This is a mutually beneficial relationship. Like there is I've had very structured mentorships like that and then I've had more informal ones. I also, you know, sometimes it takes you years to realize that person that was really the champion for you, the ally for you, the person speaking up for

you when you're not in the room. Sometimes it's very clear it's I'm negotiating this contract and. I can think of a, you know, phenomenal male ally who I was negotiating a contract years ago and I'm like, am I allowed to ask for this? You know, I wasn't sure the answer. And I'm like, I know who knows the answer, this guy. And just the ability and the willingness to share that information is incredibly powerful. So I think there's if I think of it as a continuum, yes, there's mentorship.

Informally informal, there's then. Allyship like I'm going to be in a, in a outspoken way in my organization, in my social network, on stage say this is what I stand for in this championship. And a lot of times that championship happens behind the scenes. It happens in a leadership meeting, an executive meeting and a board meeting. It happens when somebody says, hey, I'd like to interview you on this subject and you go. It's not actually my story to

tell. Let me introduce you to these three people whose story does to tell like that. That's the continuum to championship. Yeah. You have to have so much. I don't know if it's high EQ like emotional intelligence to be able to to do that or you know, be secure in yourself, which sometimes in some organizations because of the toxicity or the way that it's run is, is really difficult.

And I just want to pick up this. You're probably this is your unconscious competence is is the fact that the the you said early on boundaries is really important to set. And especially when you go into mentorship setting up listening to when you talk setting those boundaries of hey this is this is what I I'm looking for and this is what I can provide.

I think is probably not talked about a lot because sometimes people feel that that's more to do with the psychology of of work rather than work itself right in terms of setting those boundaries. I love that point. I was going to say really fast, too. There's another element of I assume this person will see that I'm doing a good job and they'll just help me. You must have to be explicit. You just have to. And being explicit means setting boundaries around what you're

asking. Because if you're asking somebody who's a board member or CEO like, they only have so much time too, and they likely are willing to help. Maybe not, and you'd rather know that up front, but if they are like setting boundaries around that, and this is exactly what I'm asking, and I would love to offer this in return, there's so much strength to that. So I love that point, yeah.

And and also having a mentor. I think a lot of people leave it way too late in their careers to have actually 2 mentors rather than one and in different parts of the business. Because sometimes you go where it's really easy and and you pick up someone who's who's your champion but actually can't help you in your career and and those champions sometimes sits elsewhere. What is the one thing that retailers should be thinking about that they're not right?

More than ever it is the elongated season. So prime day back to school, straight into holiday early promos. We're talking a lot right now about the Cyber 12 when we're talking to our clients. It is not, you know, it's not Black Friday, Cyber Monday, it's actually this is 12 day period where very specific things happen on very specific days. When promos P what customers were expecting those those expectations have shifted a lot in the last few years and this year is really interesting.

It is behaving slightly differently. Some of the patterns we're seeing the same holiday pulled up and up and up. So you know we've already we're starting holiday in October last year, right. So it pulled up. There's also an element, though of very conscious. Delay of purchase and so to and by that I mean I'm I'm planning, I'm a consumer, male consumers are are see we're seeing this even higher than female consumers. But I'm very intentionally planning to wait until the last bit.

I'm very intentionally planning to wait for the next deal to come. And so I think that brands have trained their customer base on their promo cycle and so they're knew there are a lot, there's a lot of that happening. We're holding weight. Another way, and you can see that coming out right now, is in conversion. So no matter who you talk to and if you're in the retail industry and listening, you're not the only one. I promise your conversion path is longer.

It just is and it has been for the last 6 to 9 months and I think everybody's going. It used to only take three touch points, now it's taking six, now it's taking 8. And you know there's a lot of panic around that, certainly. If you're talking about a site conversion versus an Instore conversion, certainly there are things you can do to control your site experience, your checkout process if they are. If they want to shop on social, let them check out on social.

So you know those elements that I think people are looking at. But there's also a lot of behavior right now that is saying I'm considering my purchases for longer. My economic. Confidence is a little shaken right now. I need to plan my purchases in a different way. We saw a prime day, people buying back to school prime day. We also saw people buying holiday toys purchased a purchased that were going to be

held for holiday. And so that very conscientious process means that conversions are taking longer to happen. Also you mentioned TikTok, I think it is important to point out and like have the audience. So I want to say it. I believe strongly in TikTok, it was strongly in socials. It clearly hit in socials ability to build a broader customer base to reach new consumers and to convert and it doesn't just search to interrupt you.

Would you, would you put that underneath the umbrella of community commerce or would you say that's something else? I would put it under the umbrella of Community Commerce. I think it's interesting. You look at community and I

think there are. Social platforms that pull more towards community and there's less towards community and I think about them, gosh, I I actually love Pinterest if they're listening I do and and when I I was on the brand side for quite a while about half my career has been inside brands and I believe strongly in Pinterest back then it kind of

quite convert. They've put so much in place now where it does convert and that's a very, a very specific like again talk about continuums, you have the continuum of. Your Facebook's clearly a community. Clearly you're having you doing meet up groups and you have mom's groups and there's so much going on there. You know Instagram, TikTok is is a faster pace to talk,

significantly faster pace. And then the other kind of opposite into that spectrum is Pinterest where it's like a yes there is some community happening but it's a very personal board. It's something I'm excited about. I'm building my wedding board. I'm building recipes for my family whatever those elements are and I think brands are figuring out how to monetize that differently. So yes, I would say all of those

have elements of community. The spectrum of your Facebook to your Pinterest with TikTok specifically though I guess it's true with Pinterest as well. But I would just say if they're coming from, you just have to think about people's mindset in that moment in TikTok, they're in the mindset of entertainment, they're in the mindset of discovery, right. They might not be in the mindset of purchasing right this moment and so the fact that that conversion is taking longer.

Is fine. You are building a bigger base. You have to measure it differently. I think I'm seeing a lot of like I'm getting so much more social traffic. And then the question is always, is the traffic qualified? It is qualified in a different way. You're trying to build your

base. You have to be able to have a recurring message and know that those conversions are going to take a bit longer because you're interrupting an entertainment path, interrupting a discovery path or you're leading them from a discovery path into a conversion path. It's just a very different I think.

Many brands and and retailers that advertisers are trying to fit everything with the same model, same model measurement, same model of assets aid and sub creative and and you really have to be able to slice and dice it in a much more granular way, understand who your customer bases and your potential customers are on each one of these platforms. When that's happening though, it's incredibly powerful, like we are seeing massive lift in that area.

If it is done with very specific audiences, very specific strategy and measurement. But the toughest part, I think, sometimes is the measurement, because organizations expect to report things in a very specific way.

Well, I'm just. Gonna have some talk converting so and I'm just curious from what your cuz I think the age-old problem has been the e-commerce director has always competed with the stores director and if you're lucky enough in some organizations it's the same person so it doesn't matter where the sale happens it's a sale for the company But I'm just curious in your because you talked about digital touch points and conversion I guess when you look

at the path to purchase are you seeing are people worried that the IT won't convert online but it will convert offline is I mean or are people trying to tackle that in any I. Feel like we've had this conversation for like 8 years and also many organizations have moved forward. What you just said is exactly right. Like the concept of like Omni channel is such a that's our language. You know customers don't think

that way. They expect you to have what they want when they want it. They expect a good brand experience no matter how they interact with you. And if you sell, if you sell online and you sell in store and you sell it Sephora, they expect their experience to be perfect.

So, so that's one piece of it. And I would say yes, most organizations have realized that they have to shift forward that a sale is a sale is a sale that a customer connecting their customer base and data across retail and digital and wholesale if possible, making sure that they actually understand who

that customer is like. I think everybody knows that whether they've actually moved down the path to make the right structure decisions and budget decisions, it's very different question because you almost always have still in that Monday morning meeting what happened in retail this weekend, what

happened online, right. And and as long as we keep doing that, as long as we measure things separately and don't have a more holistic view, you'll continue down this path that creates likely fractured customer experiences. But so, so that is happening. The other thing I see happening is so interesting where stores are doing really well right now, which makes it really happy. As a as a retail gal, I love

seeing stores succeed. I believe that store associates and store managers know so much more about your customer than they ever get credit for. And so I'm a big advocate of our store associates, but because your data can only tell you so much, by the way, call your store manager, they'll tell you, they'll tell you what the data really means. But anyway, I think there's an element now where stores are doing really, really well over the past six months or so.

People are very excited about that. And yet at the most senior levels, it's why is it digital performing as well or better than in the past. Digital grew and grew and grew. So they're not seeing any element of trade off. They want everything to rise, everything to rise at the same pace and think about. And the biggest piece of that is they plan their years that way. They planned their budget last September for this year. Everything rising at the same pace.

Stores are rising, rising, rising. Sometimes those people are converting in store rather than digitally. And all of a sudden you've failed. You know, all of a sudden you're poor econ person, you've failed because it's going down or staying steady and not growing at this rapid pace.

They're coming into the store. And if you look at almost any organization who has their data connected will tell you if you have somebody shop in more than one channel, you have usually a three time higher lifetime value. It depends on the type of product of course, but it's significantly higher lifetime value if they shop in multiple places with you. So the idea of trying to capture them only in one place and keeping them only in one place is only a shortterm win. That's a win for your

organizational silos. That is not a win for your company. And so I think I've seen healthy businesses, you know recognize that it's hard work though I I don't think, I think people aren't shifting their organizations and their P&L ownership and their teams and they're hiring because they don't know to. It's it's takes time and it's complicated. And when it comes down to it, A/C, EO often now a CMO more and more has to come in and go. Here's a longterm plan.

Here's how we're getting after it. What we just discussed almost, Yep, I comped this day last year like they have to be reaching the short term goals and long term goals at the same time. And I think a lot of times the market doesn't have the patience to wait for the right kind of change to happen. And so they have, they have to make short term, long term goals at the same time and you see a lot of turnover at the sea level for that reason. Yeah. I mean, there's so many.

There's two directions. I mean, one of the things about store associates, it always perplexed me how companies would spend. Thousands if not millions trying to find social engagement out there where the biggest advocates who probably know and are fantastic customers are their own workforce. Especially for for some of the younger brands where you know you have to be up and called to work there and I'm sure they're tick tock accounts.

But anyway that that's one thing I'm curious the intersection of. It's like conversational commerce, I don't know what you want, social commerce, whatever it's called, how is that growing? Obviously in China it dominates, that is, and everyone seeing the Tick Tock House. Where literally every room in that TikTok house is a is a social seller selling something via that. How far away are we from that do you think in in the US

specifically? I think it is growing quickly and with the biggest point I will the biggest thing I will point to is where there where a consumers entire journey happens. A couple years ago we had the data come out that was like oh wait a minute, they they went, they didn't go to Google, they went into Amazon first on Amazon, checked on and Amazon got out. That is now happening in social significantly at higher rates

than it did in the past. So if I literally just look at it from a transactional standpoint and they're coming in, they're actually using TikTok for discovery. They're using it to actually get through the process to find a brand to go and transact. They're coming in through that Channel, converting through that Channel or converting from there to the site. That is when things really start to change because when you can monetize it, companies will lean

into it, right. And this is an interesting one where the consumers are leading the way, which I want technology, I will give the tech folks credit, right. Technology had to lead the way first. It just wasn't there. Now that it is there, almost there to be able to genuinely be able to convert and buy the product that you want, that you just thought this content creator promote and you want to buy it right now and you're super interested and you want it to deliver tomorrow.

The more that experience becomes frictionless, the more the consumer wins because they're telling that they want the. Discovery shopping as entertainment. That's for me. Why I like yourself. Massive TikTok advocate, because you have to talk to Deborah Weinswig and she's the founder. Of course I research. She has. I feel like she's such a soothsayer. She told me three years ago.

Here's what's happening, China, here's what's gonna happen in the US You can almost to the month count on her prediction. So there's my advocacy mention of the day, and I go talk to Deb. One of the things that you mentioned, I just want to go back in terms of the conversion. And what you were telling retailers, like I said, what's the one thing that retailers should know that they don't know and what should they be focusing on? What is the guidance that you're giving them?

What? So what's the outcome of that? You should be, your social strategy should be better than it is. What is it? The biggest piece I would say and I would have said it in the second quarter, but it's still true now and it's doubly true for 24 planning. You have to be testing like 20% of your budget, constantly testing new things and having you know much love for Google and meta having all your eggs in that basket is not going to create monumentally different

outcomes. So that I think that element, it it is not you know just your social strategies, better structured testing you need you need testing infrastructure in place the big enough budget to actually be able to measure it with the understanding internally these are the exact things we're testing at any given time. We're going to test in. We're going to budget into winners and be comfortable with failure.

You know, you think about it and think about I worked with data folks for a long time and it's either right or wrong and they were perfectly comfortable with that. With marketers, we're like it was all good. There's always a good outcome. But what you learn from that, you know, structured testing within your marketing program, structured testing within your community building, when you do that, you can iterate so much faster.

You get into the fourth quarter when prices are going to go up and up and up and your budget's not going to go as far. And if all your eggs are in 2 baskets, it's very, very hard to meet your goals. And so the the folks that I have seen, they were the most successful last holiday season.

I see so much progression. You know, so many of the the brands that we work with have spent all the first half of the year testing into new means, determining what's going to work for them, determining how they can get to new customers so that when they get into fourth quarter, they actually have levers to pull because so many brands, the only levers they have to pull, so deeper discount which is not a winning proposition long term, just pour more and more money into the

same two channels and that is just there's a diminishing returns there. So I think the answer is actually structure testing, which is not a super exciting answer, but it is what people need to do in order to get themselves ready for those moments when they have to be able to pull levers. Yeah, and it feels like. I know you mentioned the meta thing, but I actually read this.

I think it was in one of your. Pieces of literature about how thread and I didn't know I saw know this, but I didn't put two and two together. Threads tagged to Instagram. So should you ever have a fallout with Threads, you actually have to delete your Instagram account, which is petrifying for any brand that you So five years building it and something may go haywire and you can't actually disconnect

one from the other. It's been interesting to watch how quickly of how excited everyone was and how quickly that excitement kind of calmed down. We do that a lot in the industry, which you know, we we all love something new and we love, we love, you know the the

aspect of competition. But yes, within probably 24 to 48 hours of that announcement, when you're really dug through all the details, you're like, wait a minute, when I set up threads, it's attached to my actual Instagram account, including for companies accounts and deleting 1 deletes the other. So they've said that they're working on a solution that would avoid that, but I have not seen it come yet. What is the sentiment in the retail industry? How are you finding people's

perspective for for next year? It's interesting. I am. I think the first part of this year there was more doom and gloom than there is right now. I think this industry has become so resilient over the last few years like early COVID shutting all our stores and I was on the brand side at the time, right, like people going on furlough and you're trying to make sure that you're, you know at one point FedEx stop picking up and people couldn't get packages out

of their warehouses. Like if you made it through that and you're in this industry like you are made of iron at this point. And so I think that that we as an industry are weathering those storms a lot better. One of the biggest things I would say though is that there is a big sentiment right now. Doing more with less you get by had to like summarize people's. That was the one catch phrase do

more with yes. Yeah it's not pessimism while fear I think like I said, if you've been in this industry for a while, like nothing can scare you now, right? Fearless. But there is this element and almost anybody I talk to again, whether CEO, CMO, ECOM Manager, whoever it is, it's need to do more with less staff, need to do more with less resources. We need to, we're going to keep the budget exactly the same, but we need it to grow 40%. There's a lot of that going. On inflation, right?

Somehow, yeah, I think some of it is that. I think some of it is that because we believed that consumers were demanding it because of fear at the time. Organizations invested so much during COVID on everything. They thought their customer might possibly want next day delivery, same day delivery, curbside pickup, curated dressing rooms before you walk in the door or you know service after service after service, every one of those chips away at margin. Some of them are vital for your

organization, some are not. And so it I think a lot of times brands chase their competitors down the path or they believed you know the read something in the media and they believe we have to go down this path or somebody on their board said why aren't we doing this yet, have to run down this path. And so now we got to the first part of this year and I still see a lot of that happening where it's like which of these things are the most important to our customers.

Does my customer actually want this to arrive two days? Is that the most important thing and should I be spending $40, you know, a margin on that or is it more important that they have these other services that they have exclusive access to product for store, other things that are important to them. So I I think there's a lot of tradeoff conversations happening. There's a lot of upskilling staff, reskilling staff from a digital and data perspective, a

lot of that happening. But all of it can kind of fall under this umbrella of like, it's not pessimism, it's almost realism. And here's the reality, the finite resources, finite staffing. How can we reach more people, get more people into our customer base, grow our business with finite resources?

I'm just curious in terms of your final thought, you know, maybe reflecting on the earlier part of our conversation and and the words of wisdom that you had, what would be your final thoughts or words of wisdom for anyone listening to the show? I love that. I think there are two things I

have in mind. One is there are elements in any organization, any role, any industry that where there is a need that can be served Lean in, say yes, step up whether you know how to do it or not, like just say yes. I think leading into a new elements in your career, like there is no linear path. So if you're sitting there thinking I have to do these three things and then I'll get to this next level and it just doesn't exist.

If you ask anybody who's been doing this for a couple of decades, as I have, and they will say is not a linear path. And so the more you can take in new experiences, ask people for advice, like really volunteer and put yourself out there. Sharonda Williamson, who is from Ralph Lauren, who is absolutely brilliant and you should definitely go follow her on LinkedIn, said that to me at one point that some of the biggest career shifts that she had was somebody saying nobody wants to

do this job, will you do it? And her saying absolutely. So that is one element. The only other element is I would say there's so many ways in which you can connect with other people who can help in your career and who you can offer help to. So whether you do that informally through social networks, through LinkedIn, through you know the people in your organization or do you do that more formally, we're about to have shop talk meet up for

women. It's a virtual event and we did that very intentionally to get that many more women who are able to speak and lead these table talks, these intimate sessions to answer questions. I'm going to be talking about navigating really tough challenges inside your organization and we're going to tell some truth. So those types of opportunities like lean into those sign up, go have this conversations like it's not just about like advocating for yourself in your career, which is also vital,

it's also volunteer. Jump in if you see a need. Fill the void and I guarantee you you will learn something from that, and it often will help you determine what that next step should be for you. Yeah, I don't have to say this, but I genuinely feel, Sarah, some of those words of wisdom will change people's lives. In a really positive way. So thank you. Thank you for reach out to anybody who listens and just needs advice or or would like to

connect. I'm I'm so glad to talk to you Alex. You do phenomenal things for this industry and I really appreciate you. Thank you. I look forward to seeing you at Shop Talk next year. Thanks.

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