Archives For REI

90 million Americans are classified as obese. Many people can be described as professional couch potatoes. A study led by kinesiology researchers at the University of Tennessee, found that the average adult takes just 5,117 steps per day–barely half the daily steps recommended by the U.S. Surgeon General.

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Gym memberships increase right after the holidays but by mid-March attendance is down. Many people start fitness programs but lack the willpower to make it a regular habit. Can technology help? Wearable devices that monitor every footstep and exercise milestone allow people to keep track of their own fitness activities like never before. The devices track steps, distance, calories burned and sleep. Companies like Fitbit, Nike and Jawbone are enhancing users’ workouts through analytics, encouragement and the ability to share your accomplishment with friends through social media. These devices try to make fitness fun and interactive. It is the intersection of health and technology.

The Consumer Electronics Association says the sports and fitness category is a $70 billion annual business in the United States. Fitbit has emerged as the leader in the fast growing digital Health and Fitness category. The NPD Research Group says that Fitbit has 77% of the market for full activity body trackers and 50% of the market for digital fitness devices. Most experts predict rapid growth in this category over the next three to five years.

Fitbit was founded in 2007 by Eric Friedman and James Park. Friedman and Park realized that sensors and wireless technology had advanced to a point where they could bring amazing experiences to fitness and health. The company’s initial product, the Fitbit, was released in September 2009. It was the first wireless wearable fitness device for the mass consumer market. Fitbit’s offering has expanded to include several products including the Flex, Zip, One, Force and Aria. Their products are stylish and available in a variety of colors. Fitbit is sold at Best Buy, Dicks Sporting Goods, Sports Authority, Target and REI to name a few.

Fitbit’s mission is to empower and inspire people to live a healthier more active lifestyle. Their goal is to design products and experiences that fit seamlessly into your life so that you can achieve your fitness goals whatever they maybe.

Can Fitbit sustain its amazing growth? Wearables have become part of many people’s daily lives. Are these products a passing fad or a product category that will grow for years? Will smartphones through apps add this functionality and kill the category?

Have you tried Fitbit or another wearable fitness product?

REI is a great example of a brand with a purpose. REI’s purpose is simple and powerful. “At REI, we inspire, educate and outfit for a lifetime of outdoor adventure and stewardship. REI has earned a place on Fortune’s “100 Best Companies to Work For” every year since the rankings began in 1998. REI is another company that treats their employees well and this leads to a great shopping experience with excellent customer services. This is a simple formula. I am surprised that more retailers don’t execute this strategy. A further endorsement of the power of purpose, last week President Obama nominated REI Chief Executive Officer Sally Jewell as the Secretary of the Interior. I think Sally’s nomination is a great move for this country.

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REI and its employees are passionate about the outdoors. They share their enthusiasm for the products they sell, and the trails, slopes and waterways where they explore. Each year, REI donates millions of dollars to support conservation efforts nationwide and sends dedicated teams of volunteers – members, customers and employees to build trails, clean up beaches and more. REI employs responsible business practices across the company that are designed to reduce their environmental impact.

 
To support its purpose, REI has developed and lives the following Stewardship Priorities:

  • Encourage the active conservation of nature
  • Inspire the responsible use and enjoyment of the outdoors
  • Enhance the natural world and our communities through responsible business practices
  • Foster opportunities to increase participation in human-powered outdoor recreation
  • Maintain REI as an employer of choice, where employees are highly engaged in the vision of the company and are representative of our communities

REI is privately held and organized as a consumer’s coop. REI believes in the importance of building a closer connection with customers through a  membership program. REI sells a lifetime membership for $20. Members receive a 10% annual dividend based on their purchases as well as other discounts and special offers. There are over 5 million REI members today.

 

A customer focus that every employee lives inspires innovation. REI has recently introduced two unique programs that bring their purpose to life. One example is the innovative 1440 photo sharing project. The REI 1440 project is a celebration of every minute spent outdoors. There are 1440 minutes in every day. The site reads the timestamp meta data and slots them in the right minute of the day, creating a brand new way to look at outdoor adventures.   The goal is to fill every minute of a virtual day with photography celebrating a love of the outdoors. http://www.rei1440project.com/

REI is also an innovator in social media. This past holiday they created a program where they answered consumer’s product questions on Twitter with video.

If you get a chance visit an REI store, it is a great experience. REI is brand that lives its purpose every day.

Have you ever shopped at an REI store?

If you need help developing a brand purpose, please contact me at markhogan91@gmail.com