November 17, 2015
REI announced it is doing the unthinkable.
The multi-billion retail giant is closing its doors on the biggest day of the year – Black Friday.
Because they’re allowing what they promise their customers through their brand story to guide their operational decisions.
For marketers everywhere, this is a big deal. And a huge inspiration.
In most companies, marketing still struggles with respect and credibility – more so in B2B than B2C companies, but B2C marketers definitely feel the pain.
In REI’s case, the brand story has led how it creates experiences for customers, from classes and expert advice to REI adventure trips. These are great ways to tap into the passions of the greater outdoor community but let’s face it – all of these things still generate revenue for REI.
Closing you’re the doors of your 143 stores on Black Friday and still paying 12,000 employees to take the day off doesn’t.
Or does it?
Jerry Stritzke, president and CEO of REI, said, “Black Friday is the perfect time to remind ourselves of the essential truth that life is richer, more connected and complete when you choose to spend it outside. We’re closing our doors, paying our employees to get out there, and inviting America to OptOutside with us because we love great gear, but we are even more passionate about the experiences it unlocks.”
I truly believe that REI will more than make up the lost revenue from that 24-hour window by living what they say they believe in.
Check out their OptOutside site and see how many people are already posting picture in the gallery. Close to a million people are already choosing to #OptOutside by making plans to enjoy Mother Nature instead of adding to the early holiday season crazy.
What about you?
How much do you believe in your brand story? What would it take for you to make it come alive?
Are you willing to be so bold as to believe that your marketing brand story can lead operations?
What would happen if it did? Would it create passionate fans or cause the wheels to fly off the bus?
Carla is a world-renowned storyteller, an entertaining speaker, and a prolific author. Having lived, worked, and studied on five continents, she's partnered with top brands and conferences to train thousands of people how to rethink the work that they do and the impact they can have. Her visionary expertise has inspired and equipped leaders at all levels to embrace change, welcome new ideas, and transform their business.
Her work with Fortune 500 brands served as the foundation for many of her books. Her tenth, RE:Think Innovation, is a #1 new release that busts the myth that innovation is something that requires a specific degree or special training. In fact, Carla explains why, to be a successful company in today's hyper-competitive, customer-driven world, innovation must be everyone's business. Her goal is to teach one million people how to become innovators by 2025.
Consistently named one of the top influencers in B2B, digital and content marketing, Carla regularly challenges conventional thinking. Today, she travels the world teaching anyone (and everyone) how to cultivate idea-driven teams that breed unstoppable creativity and game-changing innovation.