Hello, everyone.
Speaker AWelcome back.
Speaker AThis is Omnitalk Retail.
Speaker AI'm Anne Mazinga.
Speaker BAnd I'm Chris Walton.
Speaker AAnd we are coming to you live from the Simbi booth at FMI once again.
Speaker AAnd we have a guest we're bringing back onto the show.
Speaker AIt's been a little while, but she's got some pretty big news to report.
Speaker AStanding between Chris and myself is Catherine Mazza, the recently appointed Chief Marketing Officer at Hy Vee.
Speaker AWelcome.
Speaker COh, thank you, Ann.
Speaker CThank you, Chris.
Speaker CGreat to be here.
Speaker AFirst, congrats.
Speaker CThank you so much.
Speaker CAppreciate it.
Speaker AThis is.
Speaker AThis is just a few weeks old here.
Speaker ALike news.
Speaker ANot even.
Speaker AI mean, days probably.
Speaker AI don't even know what day it is anymore.
Speaker ABut we're so thrilled that we get to have you on the show.
Speaker ASo thanks for making the time.
Speaker CThank you so much.
Speaker BAnd this is your first official interview.
Speaker BRight in the new role, too.
Speaker CThis is the US you guys got.
Speaker BThe exclusive made in maiden CMO voyage together.
Speaker BThis is great.
Speaker BThis is great.
Speaker BYeah.
Speaker BWe last had Catherine onto you saying we had you on at Shop Talk, Right.
Speaker BWhen you just joined as the head of retail media for Hy Vee.
Speaker CRight.
Speaker CSo let's.
Speaker BLet's start with that.
Speaker BWhy don't you give us a.
Speaker BGive the audience a little background on you because your story is really interesting.
Speaker BAnd then also for Hy Vee, for those maybe that aren't as familiar that you know in terms of where Hy Vee, what Hy Vee is and where it operates.
Speaker CYeah, sure.
Speaker CSo just a refresher.
Speaker CI joined hy vee in February 2024.
Speaker CPrior to that, I was coming from 18 years in Dick's Sporting Goods, where I led different marketing teams and launched their retail media network.
Speaker CSo Hy Vee reached out to me and I did some research, quickly Learned They're a $14 billion mega grocery retailer in the Midwest, and they're extremely focused on their customer service, quality, giving back to the community.
Speaker CThey're a very, very strong brand.
Speaker CSo certainly was an appealing place to go and start up a retail media network.
Speaker AWell, Kathryn, one of the things I want to make sure that I ask you because I thought it was so unique and smart on Hy Vee's behalf to take somebody who's so steeped in retail media and put them in the position of chief Marketing officer.
Speaker AEspecially when we think about where revenue's coming from and what a chief marketing officer really needs to have in there.
Speaker AYeah, exactly.
Speaker ATo have in their bally wick as they're kind of going forward?
Speaker AWhat are your thoughts on that and what do you feel like your experience having run retail media, how that sets you up for success in this new role, leading marketing?
Speaker CYeah, great, great question.
Speaker CI mean, I think the sky's the limit.
Speaker CThe efficiencies that you can find and just the success that you can run from an ROI from your enterprise side and your retail media side.
Speaker CSo when you think about it, I mean, everything is about the customer, right?
Speaker CWhether you are running marketing through the network or your enterprise, it's all about the customer.
Speaker CAnd it all needs to be data driven.
Speaker CAnd you're using the exact same subset of data to drive your retail media and your marketing efforts.
Speaker CSo I think it only makes sense to bring it all together to make sure that you're not siloed and you don't know what one area of marketing is doing and how the customer is going to see brands come to life in one area versus the other.
Speaker CSo I think it's a huge, huge opportunity.
Speaker CAnd then when you think about just media mix modeling and measurement and understanding the effectiveness across your full portfolio, I think that's another huge opportunity.
Speaker ADo you have any advice that you would give to other organizations who are kind of thinking about exactly what you said, restructuring their organization or bringing in somebody with retail media expertise?
Speaker ABecause it is really changing the teams, the culture and really the strategy for a lot of retailers.
Speaker CYeah, I mean, I think it's a great idea.
Speaker CWe, you know, my previous, in my previous life with Dick's, I owned both the enterprise media and retail media.
Speaker AOkay.
Speaker CAnd that was extremely helpful.
Speaker CAnd so I got to see some of the momentum in some of the, you know, the positive nature of doing that at Dick's.
Speaker CNow that, you know, I can oversee all of marketing and the retail media network, I think it's just going to be even better than focusing just on media.
Speaker AWell, especially with those, the measurement metrics that you're able to see and utilize across traditional media formats.
Speaker AAnd then in this new world of retail media.
Speaker CYeah, yeah, for sure.
Speaker CI mean, the advertisers want to know exactly what they're getting for every dollar spending.
Speaker CAs a 14 billion dollar company and a CMO, I also want to know what I am getting for every dollar I'm spending.
Speaker BYeah, right.
Speaker CI'm sure you do on the sell side.
Speaker CBoth on the same goals.
Speaker ARight, right.
Speaker BDo the advertisers always want to know that?
Speaker BEd and I had that discussion on our walk to dinner yesterday.
Speaker BI'm not, you know, given the, some of the things they spend money on sometimes, you know, and the Clio Awards and whatnot.
Speaker BAnyway, we'll save that topic for another day.
Speaker BI'm curious too.
Speaker BSo, experience at both Dick's and now Hy Vee, what are some of the similarities or differences in retail media, in sporting goods versus grocery?
Speaker BWhat are some of the things you've had to learn or think about differently?
Speaker CYeah, so there's a lot of similarities.
Speaker CRight.
Speaker CYou use data, it's all about the customer personalization, good reporting, strong capabilities, internal relationships.
Speaker CYou have to be attached at the hip with your merchandising teams, your store op teams and in your it.
Speaker CSo those are all very similar.
Speaker CCpg, there's so many more suppliers in the box than there was at Dick's Sporting Goods.
Speaker CThe volume is just so much higher than it was at Dick's.
Speaker CAlso, the brands I worked with at Dick's were probably more focused on brand stories.
Speaker CHigher in the funnel.
Speaker CWe did a lot of social online video, right.
Speaker CCPG, they're very interested in being on hy vee.com or having advertising in our stores.
Speaker CSo it's much lower down in the funnel, which brings us really high conversion expectations.
Speaker BThat's great.
Speaker BThat's great.
Speaker BGreat.
Speaker CThat's so.
Speaker BI never thought about any of that.
Speaker BThat was so wonderful.
Speaker ACatherine, are there certain technologies you say, like being in lockstep with merchandising, are technologies that you are looking into or that you feel like could be helpful as you try to kind of gather that information about what's happening in the store, how products are performing and then how you kind of coordinate media efforts for your retail media network around that?
Speaker CYeah, there's.
Speaker CThere's a lot of different technologies out there that I'm looking into.
Speaker CSo one of the things that we made a big bet on was in store retail media.
Speaker CRight.
Speaker CWe have 10,000 screens across our store.
Speaker BThat's right.
Speaker CWe have the, the in store audio.
Speaker CWe do custom graphics and signage.
Speaker CSo I would like to deeply understand the consumer journey through the store in a bigger way to just be able to prove out and understand exactly how they're engaging with, with all these different touch points.
Speaker CIt's something we're working on right now and we're doing a pilot.
Speaker CSo hopefully we'll have, you know, good news to report and it'll be another thing we're first to market with.
Speaker CAnother thing is, is just connecting the merchandising piece.
Speaker CYou know, they sell all kinds of displays or end caps out to different suppliers.
Speaker CSo just understanding what they have from A commitment standpoint.
Speaker CAnd how does that compare to the media that we're running to make sure that, hey, if we're running media in digital, that the product is there at the right place at the right time.
Speaker BRight.
Speaker BThat's huge.
Speaker CYeah.
Speaker BSo you do, like, in store audio ads too, then?
Speaker BIn the store.
Speaker BInteresting, because Ann and I are always going back and forth on that.
Speaker BI won't say which side of the fence I fall on, which side of the fence she falls on, but our loyal Omnitok fans will know.
Speaker BBut why do you find value in that?
Speaker BLike, what value does that.
Speaker BThat outlet bring to you, say, versus, you know, video screens or other forms of retail media?
Speaker BLike, what's the beneficial side of, you know, in store audio?
Speaker CYeah, so I can tell you, I've gone back and forth on this one numerous times as well.
Speaker BThis is great.
Speaker AI love this.
Speaker CFor audio to be effective, I think it's all about in store execution.
Speaker COne.
Speaker CRight.
Speaker COkay.
Speaker CYou have to have.
Speaker BYou have to have the product.
Speaker CThe players have to be turned on.
Speaker CThe volume has to be turned up.
Speaker CNot too loud though, right?
Speaker CYeah, you have to, like, make sure you actually have the equipment working correctly.
Speaker CAnd then from there, I have seen it work well when you pair it with something else.
Speaker BOkay.
Speaker CSo whenever you have, you know, a screen takeover in our stores and we're talking about, you know, the message over audio as well, or you have signage across your store and you're reaching out and talking about audio, or before the consumer even got into the store, they got a text message in email, they saw the product.
Speaker CSo as a standalone, I'm not sure the verdict's out.
Speaker CI think on a standalone.
Speaker BOh, really?
Speaker CI think we'll see.
Speaker COkay.
Speaker CYeah, just run in store audio.
Speaker CYeah, you know, I think.
Speaker CI think we'll see.
Speaker CI have seen now that when you add audio on top of other tactics, we have gotten better performance.
Speaker ASo is this like.
Speaker ALike, I.
Speaker AThis is probably a terrible comparison, but I'm thinking about, like being at a basketball game and they're like, okay, you.
Speaker AEverybody gets free chicken nuggets at this part of the game.
Speaker AAnd it.
Speaker ABut it's like blasted on every screen.
Speaker AIt's on people's apps for the game.
Speaker ALike, so it's something like that where it's almost like more of a.
Speaker AOf like a presentation than it is just like there's a discount on chicken nuggets in aisle four.
Speaker ABecause that's the stuff that to me, I'm like, it's got to be branded, right?
Speaker CYeah, you need that Presentation.
Speaker AYeah.
Speaker CAnd then maybe on the way out, you can say, and don't forget your chicken nuggets.
Speaker CRight after you already had the big thing.
Speaker CThey know what you're talking about.
Speaker ARight, Got it, got it.
Speaker BAnd might have just tipped her hat on where she comes down on that argument.
Speaker BAll right, so let's talk.
Speaker BSo beginning of the year 2025, what are you looking at?
Speaker BWhat are your priorities for the year?
Speaker CYeah, so one is just combining, you know, the network under the marketing umbrella and making sure we have our internal ways of working cleaned up and that we're running effectively.
Speaker CAnother thing is, you know, my time here at fmi, if I'm taking away one thing, it's just how special our relationships are with these suppliers.
Speaker AYeah.
Speaker CAs my first one, you know, I've gone to so many different conferences out in the industry and this one, the way that you come and you meet with your suppliers and really nurture those relationships and have those really honest, strategic conversations is like no other.
Speaker CSo, you know, me just continuing to nurture those relationships, make sure that we're partnering with our merchandising teams, our in store teams for execution, the marketing teams, the retail media, that's going to be a huge, huge effort.
Speaker CAnd then also on the tech side, we just gotta make sure that we have our data in a really good place.
Speaker CThen we have the capabilities to be able to leverage our data, slice and dice it, do segmentation and run really effective media, and then most importantly, be able to report on it.
Speaker ARight.
Speaker CBut I need those capabilities not just for the network, but we need to have that across the enterprise side too.
Speaker AUgh.
Speaker AKathryn, I'm so excited that we got to talk to you again today.
Speaker AThe next time we talk to you, you're gonna just be in see the CEO role or something.
Speaker AI have a feeling if things keep going this way, you'll just be total hy vee domination for Katherine.
Speaker BI'm go listen to some radio ads in my local hy vee.
Speaker BThat's what I'm gonna do.
Speaker BThat's what I'm doing when I get home.
Speaker AWell, thank you so much for making the time.
Speaker AThanks again to Cimbie for hosting us here at fmi.
Speaker AWe have another couple of interviews coming up, so until then, be careful out there.