Phillip Raub
Then: Director of retail marketing, Nintendo of America
Now: Founder & president, b8ta
Your current job …
Raub: Founded in 2015, b8ta is a software-powered retailer designed to improve the customer and maker experience. B8ta operates 10 flagship stores and 70 shop-in-shops (inside Lowe’s) throughout the U.S. Its mission is to help customers discover, try, buy and learn about new products while empowering makers with a simple retail-as-a-service model that puts them in control.
In many ways, b8ta’s business model is rooted in shopper marketing. Ultimately, b8ta serves as both an awareness and sales vehicle for makers. Knowing that customers are shopping differently, it is important for brands/makers to understand what is happening with their products at the point-of-sale. Through computer vision and machine learning, we know what is happening in real-time in our stores. As a result of our pioneering business model, we can empower brands/makers with qualitative and quantitative insights and data.
More on b8ta …
Raub: Earlier this year, b8ta launched a new service called “built by b8ta,” where it helps makers build and operate stores. As part of this service, b8ta opened the first global store for Netgear in San Jose, California. In addition to operating stores, b8ta announced that it is collaborating with Macy’s to expand the retail-as-service concept inside the Market @ Macy’s concept.
Shopper marketing …
Raub: In 2009, mobile technology and shopping wasn’t widely adopted by retailers and consumers. Shopper marketing was still very much about securing endcaps and measuring category data. Today, consumers are shopping differently. Product information, including price, details and reviews are a click away. As a result, brands need to invest in experiences, education and customer retention, versus simply price and in-store location, as they did in the past.