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Romaine Bostick

๐Ÿ‘ค Speaker
630 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

You know, my dream, I think for both our brand partners and our customers to be the destination when you come to New York, but also our local stores in the different regions.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

It's really to be the destination.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

My secret dream is actually when customers on Saturday noon close the door of their house, the first thing that actually they think about is actually coming to Bloomingdale's.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

Whether they spend or not, just spending time, enjoying being there, connecting with people, seeing new things, newness, finding a small product, a big product, but just being astonished by what's happening, that's what I would love people to feel.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

Yeah, I'm absolutely convinced about that.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

You know, it's not because we're living in a digital world that actually people will stay in their home, not leaving their house and just being on their couch, on their sofa with their computer.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

I think people need connection, they need relationship, even more than before.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

Now that we have these digital devices and all these social medias, etc., I think people seek for relationship.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

And this is what we're refocusing on right now, is bringing experiences.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

Not only great products, but really bringing experiences that create the conditions of relationship.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

People want to connect, and we want them to connect at Bloomingdale's.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

You know, Roman, historically, I think over the past probably 30 years, I think particularly U.S.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

department stores probably lost a bit their DNA and probably, you know, the strategy of the department stores and the strategy of the brands probably diverged a bit.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

Our goal right now is to bring them back together and realign the strategy of the brand and the strategy of the department store.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

what does that mean it means that actually the brands invested a lot not only on products and newness but on experiences storytelling marketing branding and we were obsessed about you know optimizing our financial model about investing in digital investing in data i think we have to bring back these experiences to the customer we want to cascade this brand storytelling to our customers

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

This is why we need to invest in our stores.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

This is why we need to give space to our brand partners.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

This is why we have to keep bringing innovation and newness in our stores to keep the excitement going on.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

You know, I'm actually cautiously optimistic.

Bloomberg Talks
Bloomingdale's CEO Olivier Bron Talks Consumer Spending

The trend over the past few months has been amazing at Bloomingdale's, so we feel pretty strong.