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What happens when a digital native
vertical brand's journey turns physical?
Sharad Kharé
Kharé Communications
Moderator
Drew Green
INDOCHINO
Jennifer
Braunschweiger
MM.LaFleur
Eleanor Morgan
Casper
Eleanor Morgan
Chief Experience Officer
We design products and experiences that
help the world sleep better.
= Product + Experience
“Like sleeping on a cloud” “Disrupting the way we shop for sleep”
Today’s mattress stores
An Uncomfortable,
Transactional
Environment
The Lurking SalesmanA Sea of Options
The Casper Experience
2014 TODAY
1 mattress
1 e-commerce channel
Products for the entire
bedroom
Omni-channel with 20+
retail stores and
partnerships with Target,
Nordstrom, Hudson’s Bay
Availability around the world1 country (U.S.)
Wholesale
Website
Customer
Service
Retail
We think of omni-channel in
terms of these four
touchpoints.
Together, these
must feel like
one store.
We take a product development
mentality toward retail.
● Launching and learning quickly
● Continually evolving the experience based on customer feedback
● Maximizing flexibility
Through a uniquely joyful experience, we aim
to shift the conversation around sleep.
Disruptors of
Mattress Buying
Champions of
Great Sleeping
Thank you!
FROM DIGITAL
TO PHYSICAL
Drew Green, CEO
Priced for the entire market
Accessible omni-channel
Virtual inventory
High quality and efficient production @scale
Custom, personalized and fitted
Delivered to your door
MAKING AVAILABLE
WHAT WAS ONCE ASPIRATIONAL
People
Product
Partnerships
Price
Profit
OUR PILLARS
DIGITALLY NATIVE
First to deliver custom clothing online in 2007
TRAVELING TAILOR
Tested retail concept via pop up stores 2011-2014
BRICK & MORTAR
Opened first permanent location in 2015
INDOCHINO SHOWROOMS
• Retail customers spend $100 (25%) more than online
customers on first purchase
• 40% more likely to purchase online in subsequent
purchase vs. online customers
• 37 showrooms across North America
• Very efficient to open; virtual inventory model
• Has rapidly increased brand awareness and
expanded our customer base
• All potential customers are driven to the website.
68% of all transactions originate through
ecommerce engine
• Agnostic about whether they purchase online or
book appointment in showroom. Retail customers
are encouraged to reorder online
• Online business can predict demand in retail;
allows us to forecast and allocate labor as we expand
• All touch points supported by customer
experience, equally
INDOCHINO eCOMMERCE
2015 - 2018
• Forecast CAGR
45% net revenue
• Opened 39
showrooms by
end of fiscal 2018;
57 by end of 2019
• Reduced delivery
from 4 to 2 weeks
Winnipeg, MB
Halifax, NS
Las Vegas, NV
Boston, MA
Toronto, ON (3)
New York, NY (3)
Ottawa, ON
Short Hills, NJ
Philadelphia, PA
King of Prussia, PA
Charlotte, NC
Miami, FL
Atlanta, GA
Washington, DC Area (2)
Columbus, OH
Nashville, TN
Dallas, TX
Austin, TX
Houston, TX
Chicago, IL
Minneapolis, MN
Scottsdale, AZ
Los Angeles, CA (2)
Denver, CO
Newport Beach, CA
San Francisco, CA
Vancouver, BC (2)
Edmonton, AB
Calgary, AB
Seattle, WA
• North American expansion
• Product expansion
• Inventory expansion
Deliver 1,000,000 made to measure suits a
year through a commitment to innovation,
design and the core values we live by.
2019 & BEYOND...
OUR MISSION
THANK YOU
@TheDrewGreen @DrewGreen @Drew_Green
Receive a free shirt with any suit purchase
Code: BROOKLYN
Expires Jan 27, 2019

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What Happens When A Digital Native Vertical Brand's Journey Turns Physical

  • 1. What happens when a digital native vertical brand's journey turns physical? Sharad Kharé Kharé Communications Moderator Drew Green INDOCHINO Jennifer Braunschweiger MM.LaFleur Eleanor Morgan Casper
  • 3. We design products and experiences that help the world sleep better.
  • 4. = Product + Experience “Like sleeping on a cloud” “Disrupting the way we shop for sleep”
  • 5. Today’s mattress stores An Uncomfortable, Transactional Environment The Lurking SalesmanA Sea of Options
  • 7. 2014 TODAY 1 mattress 1 e-commerce channel Products for the entire bedroom Omni-channel with 20+ retail stores and partnerships with Target, Nordstrom, Hudson’s Bay Availability around the world1 country (U.S.)
  • 8. Wholesale Website Customer Service Retail We think of omni-channel in terms of these four touchpoints. Together, these must feel like one store.
  • 9. We take a product development mentality toward retail. ● Launching and learning quickly ● Continually evolving the experience based on customer feedback ● Maximizing flexibility
  • 10. Through a uniquely joyful experience, we aim to shift the conversation around sleep.
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  • 30. Priced for the entire market Accessible omni-channel Virtual inventory High quality and efficient production @scale Custom, personalized and fitted Delivered to your door MAKING AVAILABLE WHAT WAS ONCE ASPIRATIONAL
  • 32. DIGITALLY NATIVE First to deliver custom clothing online in 2007
  • 33. TRAVELING TAILOR Tested retail concept via pop up stores 2011-2014
  • 34. BRICK & MORTAR Opened first permanent location in 2015
  • 35. INDOCHINO SHOWROOMS • Retail customers spend $100 (25%) more than online customers on first purchase • 40% more likely to purchase online in subsequent purchase vs. online customers • 37 showrooms across North America • Very efficient to open; virtual inventory model • Has rapidly increased brand awareness and expanded our customer base
  • 36. • All potential customers are driven to the website. 68% of all transactions originate through ecommerce engine • Agnostic about whether they purchase online or book appointment in showroom. Retail customers are encouraged to reorder online • Online business can predict demand in retail; allows us to forecast and allocate labor as we expand • All touch points supported by customer experience, equally INDOCHINO eCOMMERCE
  • 37. 2015 - 2018 • Forecast CAGR 45% net revenue • Opened 39 showrooms by end of fiscal 2018; 57 by end of 2019 • Reduced delivery from 4 to 2 weeks Winnipeg, MB Halifax, NS Las Vegas, NV Boston, MA Toronto, ON (3) New York, NY (3) Ottawa, ON Short Hills, NJ Philadelphia, PA King of Prussia, PA Charlotte, NC Miami, FL Atlanta, GA Washington, DC Area (2) Columbus, OH Nashville, TN Dallas, TX Austin, TX Houston, TX Chicago, IL Minneapolis, MN Scottsdale, AZ Los Angeles, CA (2) Denver, CO Newport Beach, CA San Francisco, CA Vancouver, BC (2) Edmonton, AB Calgary, AB Seattle, WA
  • 38. • North American expansion • Product expansion • Inventory expansion Deliver 1,000,000 made to measure suits a year through a commitment to innovation, design and the core values we live by. 2019 & BEYOND... OUR MISSION
  • 39. THANK YOU @TheDrewGreen @DrewGreen @Drew_Green Receive a free shirt with any suit purchase Code: BROOKLYN Expires Jan 27, 2019

Notes de l'éditeur

  1. First point is the key point – picture to reflect or have this stand out
  2. Add photo of of Drew plus IG @TheDrewGreen / LI @DrewGreen / TW @Drew_Green