PROFILE

Michael Day

CMO, Retail, Teradata

Michael Day is a global retail, marketing/loyalty, and data-driven retail technology leader, with diverse multi-channel, multi-format, and multi-national retail industry domain operational experience and expertise.

Michael spent twelve years leading global strategic business development and highly customer-centered programs for Costco Wholesale, Sam’s Club, and Walmart Stores. In addition to helping grow U.S. operations, Michael also represented Costco, Sam’s Club, and Walmart in over thirty different International country markets. Michael was Costco’s first Representative Director in Japan, and has over 20+ years of Japan retail market leadership experience.

In his current position with Teradata, Michael’s role is to leverage his diverse global retail, marketing, business development, and strategy background and expertise, to shape and drive go-to-market execution of Teradata for Retail Omni-Channel/Connected Customer, Big Data Analytics, and Data-Driven Marketing program strategies and solutions.

Prior to Teradata, Michael led highly targeted multi-channel consumer engagement programs for specialty and vertical retail, and the product development and management of personalized E-Commerce Loyalty platforms for American Express, MasterCard, and the Affinion Group.

Michael holds a Masters in Business Administration from Webster University and a B.A. in History and Communications from the University of Washington.

Michael is a Marine Corps veteran. He served as a commissioned officer, with occupational specialties in Armor and Logistics Management.

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  • Posted on: 10/12/2017

    Amazon gives teens their own Prime logins

    Demographics are very much with Amazon on this. Surprised they did not make the move sooner.
  • Posted on: 10/04/2017

    Thrive Market co-founder: ‘Data and storytelling go hand in hand’

    I would say at this point in the game that most retailers do not do well enough when it comes to data and storytelling. As time goes by they will do better. They have to.Yes, there's no ambiguity here: a brand's position on social issues is more important today than ever before. If there is any doubt, if additional quantitative validation needed, just take a poll of consumers born between 1980 and 2000.
  • Posted on: 10/03/2017

    Walmart deal shows it’s serious about same-day delivery

    This acquisition and the recent news on the expansion of Jet.com Shopping Club does have Walmart targeting urban Millennials with perhaps that much more focus after the Amazon acquisition of Whole Foods, etc.
  • Posted on: 08/21/2017

    Should all retailers offer subscription services?

    "Future retail success is not a selling model, but a mosaic of customer services."Above from the IMS article link listed prior to the discussion question ... I agree with this and retailers should be taking a close look their “art of the possible” around a subscription model to help them deliver that present and future-forward “mosaic of customer services,” etc.Challenge: Not all retailers are positioned to even do a good—never mind a great—job executing a subscription model. But, if a given retail brand can 1) differentiate a subscription value proposition; 2) meet (preferably exceed) the expectations of their member base in terms of executing the delivery of a subscription model, that is a nice way—for starters—to recognize and stay in touch with your most-valuable customers.What does “Great job” mean? Well the bar is high in terms of offering the “robust” value and execution management of Amazon Prime (originally modeled on Costco’s membership (subscription) model where customer satisfaction in quite high and renewal rates run in the mid 90%).
  • Posted on: 07/05/2017

    How can retailers make loyalty programs more effective?

    Well, understanding what is working and why is a good first step for retailers. Amazon Prime is working (64 percent of U.S. households are Prime members), CVS ExtraCare rewards program is working (80 million active members driving material incremental spend), Costco membership is working (even with all the news and noise about Amazon and Whole Foods and Amazon Prime, Costco still holds membership renewal rates around 90 percent).The foundational business- and loyalty-driving sensibility that all three have in common is that they all "deliver the goods" and have a brand perception of maximizing member value relative to their respective business models. A good place to start for retailers is maximizing member value. No smoke and mirrors, just data-driven value relevant to the lives and lifestyles of their members. (Costco at this point is perhaps less member data-driven and innovative compared with Amazon and CVS, but they are also sitting on a mountain of customer/member data waiting to be mined for analytic insight to augment their already very strong intuitive sense and tribal knowledge regarding the likes and dislikes of their member base, etc.).What Amazon, CVS and Costco have going for them into the future is the member data they are capturing with each interface (pre-sale, POS, post-sale) with their members, etc. All three will just get better and better at leveraging the data to personalize and be relevant with their members in the way their members want them to be. They have a good head start on this.
  • Posted on: 06/12/2017

    Is Walmart’s innovation leader right that the AR revolution is a sure thing?

    Unlike AI which has universal data-driven potential (across retail formats, categories and demographics) and will continue to produce more sophisticated customer journey and personalization tools, AR's impact on retail looks more limited. That said, I can see Walmart developing next-gen tools and deploying AR to help drive sales and margin in categories like furniture, outdoor patio, jewelry, apparel, etc.
  • Posted on: 05/16/2017

    Will Walmart’s next-gen store fly with shoppers?

    Yes, these next-gen store layouts should connect with the most important core customers now and future-forward: Millennials and Generation Z. Once Walmart learns from the pilots and makes any needed adjustments, predict a broad roll-out.
  • Posted on: 04/27/2017

    Is Walmart’s Store No. 8 breaking boundaries or bonds with its core customers?

    The difference between eight years ago and now: 1) the ascent of Amazon; 2) the maturation of Millennials. There is no way Walmart can go wrong by enabling consumers to "realize high personalized, one-to-one shopping experiences.”I attended the Terry J. Lundgren Center for Retailing (University of Arizona) Global Retailing Conference last week in Tucson. Steve Bratspies Chief Merchandising Officer at Walmart gave a presentation centered on innovation in retail. The presentation focused on the two material consumer trends that Walmart sees as keys to their growth now and beyond:
    • Trend #1: Customers still like the box (the store);
    • Trend #2: Connecting online and offline wins minds.
    Having a plan to address both of these trends for Walmart (and everyone else in retail) is table stakes.
  • Posted on: 03/10/2017

    Do consumers want AI and AR in their mobile apps?

    I attended the Millennial 2020 Conference in NYC last week (Millennials, as defined by the conference: Ages 18-34. 80 million strong. Projected $7 trillion in lifetime buying power. The demographic that will determine just what the future of our retail world will look like).At least based on certain AI presentations I attended at the conference, Gap looks to be moving in the right, future-forward, direction with their virtual dressing room app, etc. Some takeaways from the presentations were:
    • AI in Commerce: According to eMarketer, led by Millennial shoppers, consumers now expect retailers to harness the power of AI to provide a customized and efficient shopping experience.
    • Understanding Artificial Intelligence in Commerce: Gartner predicts that by 2020, 85 percent of customer interactions will be managed without human intervention.
    • Race for Relevance and Engagement via Visual Search: Redshift Research shows that 73 percent of consumers complain about the inefficiencies in text-based search and nearly 75 percent of younger shoppers want visual search functionality to be integrated into their purchase journey (with a 160 percent increase in engagement time for shoppers clicking on visually similar recommendations).
  • Posted on: 03/07/2017

    Are chains cannibalizing their own in-store sales with e-commerce?

    I agree with Ben: The retail “organization needs to be healthy as a whole.” To achieve this at a time of full-scale digital transformation, I believe large retailers have to plan future-forward for at least 20 percent of their sales coming from online (and an even larger percentage of in-store sales being directly customer-influenced by the retailer's digital presence, etc.). Do retailers really have a choice right now, anymore, but to figure it out? To pull out all stops to make their online and digital go-to-market efforts work for them, not against them?
  • Posted on: 03/06/2017

    Is raising membership fees getting riskier for Costco?

    The material value of that Costco membership continues to be there. This is the first fee increase in six years. Like Costco's past membership fee increases, the impact on both member acquisition and renewals will be minimal.That said, as Craig Jelinek and his LT look to the future, a real investment in improving Costco's digital game has to be top-of-mind. There is not only the direct, looming competition of Amazon Fresh's grocery delivery, but also Chieh Huang’s fast-growing bulk urban delivery start-up, Boxed. The model (no membership, mobile-first, Millennial-targeted) is now nibbling at the edges of Costco’s markets (with $100 million in revenue and recently named as Forbes' next billion-dollar start-up).
  • Posted on: 02/10/2017

    Is personalization better appreciated online or in stores?

    I'm surprised that "43 percent of shoppers are open to personalized in-store experiences." I thought that number would be lower. No doubt consumers are still much more comfortable with online personalization compared to in-store (where that “creepiness” sensibility is “out there” as opposed to experiencing personalization via the comfort of your own device/screen). Like everything else, the “Millennial comfort factor” will continue to drive that 43 percent number higher, but I don't think ever as high as the online personalization comfort level.
  • Posted on: 02/01/2017

    Has Amazon fundamentally changed the way Americans shop?

    Add "convenience" and "value" to consistency and trustworthiness and there you may have the story (leaving for another day and discussion the leveraging of data and technology to speak directly to consumers and attempting to deliver directional relevance and drive impulse purchase)I am counting this week. It is Wednesday and already I have received four different deliveries from Amazon Prime to my home. These are household/family/professional-related purchases that back in the day would have come from Barnes & Noble, Home Depot, Kohl's, Toys "R" Us, maybe from Costco, Target or Walmart. It is a new retail day. We already look at Amazon Prime as an “inflection point” that changed the retail landscape as we previously knew it. Walmart has their work cut out for them. But considering the brand, their scale and buying power -- and now the e-business model benefiting from the acquisition of Jet.com -- it will be interesting to watch Doug McMillon and Walmart make their run at Amazon.
  • Posted on: 01/27/2017

    Should retail still be nervous about the cloud?

    Last week at NRF I was introduced to the acronym TIGER: "Technology Innovation Gap In Retail," along with various estimates and projections regarding just how much retailers will need to up their game and increase their IT spending to effectively compete with Amazon, etc. (my favorite: “Those retailers that are winning are increasing their IT spending at a rate 4X faster than those who are struggling to grow their revenues”).At this point many retailers still don’t know what they don’t know when it comes to the cloud. For me NRF2017 did validate what we already knew: Writ large, and in a material way, global retail is starting to sing the song of connected data and analytics. Now let's see who actually walks the walk. Retailers have a lot of work to do, and cloud solutions will play a significant role (the need for agility, flexibility, speed to value, etc. around deployment of connected data business value solutions and analytics insights, probably guarantees cloud will be a major component of the retail systems infrastructure landscape moving forward). For a lot of retailers the immediate answer will most likely be a hybrid existence, a mix of legacy on-premises and cloud. But cloud will be there and, I believe, eventually in a big way.
  • Posted on: 01/26/2017

    Do retailers need to work on making more emotional connections?

    In the January/February issue of Retail Leader is an interview Mike Troy did with my old boss Craig Jelinek, CEO of Costco. As Jelinek and his LT grapple with just how to evolve Costco's highly successful club membership model to meet the growing demands of Millennials, and technology empowered consumers in general, Jelinek has some interesting comments that maybe speak to "brand authenticity" and foundationally dealing with the complications of modern retail.“The business evolves, we understand that, but you don’t lose sight of your core values, which are taking care of your people, taking care of the member and bringing in hot merchandise at great prices. As long as you continue to create quality and value you are going to be around for a long time ... Most companies that were great at one time lose sight of that, and all of a sudden you become irrelevant.”

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