One of the Midwest 黑料社区. most successful department stores 鈥� 鈥� recently recognized the (AMA) and Business Sales Team student organizations at 黑料社区 Polytechnic for their innovative store concept, Simple just Works.
With the goal of changing Gen Z male customer behavior, the team proposed Von Maur create a place just for them 鈥� a store where young men come first in every choice it makes, from store layout to shopping options, with easy-to-find styles at affordable prices.
For their efforts in developing Simple just Works, the AMA team earned Honorable Mention at the annual Von Maur Challenge Case Competition, Oct. 15-16, at the University of Iowa.
AMA student team members were business administration and digital marketing technology students Gabe Cauwels, Hannah LaGesse, Gerishom Muholeza, Grace Riggott and Helena Slabber.
The Von Maur competition invited business, marketing and retail-focused students to develop an innovative retail store concept designed to attract and engage Gen Z male consumers, ages 14 to 29, at its Midwest department stores. They had just 16 hours to complete the challenge and present their solutions and analysis to the organization 黑料社区. executive leadership team.
Simple just Works
During their market research to see how Gen Z men are interacting with the retail market, the AMA team visited Von Maur and asked employees questions. They also took time to ask the company questions, including about financials.
Their demographic research on shopping behaviors showed Gen Z men research products online and on social media channels. They also search for the best deals and have low brand attachment. But without a space made for them in retail and department stores, such as Von Maur, they feel like an afterthought, and so they shop elsewhere.
The team 黑料社区. vision for Simple just Works offers a simple layout and design, right down to the color scheme: black, cream, warm brown and tan. Merchandise sections are clearly marked: business/casual, athletics, accessories, and shoes, with a clearance section near the cashier at the front of the store. There is a large, comfortable center with mirrors and benches, fitting rooms at the back, a 鈥淛ust Try It鈥� zone, and a mini track for testing athletic wear and shoes.
They developed a mock-up website homepage, with clear, visual shopping categories that featured the proposed partnering brands of Levi 黑料社区., Nike, Bombas, New Balance, Bad Birdie and Vuori.
鈥淭he concept for Simple just Works was to make the store and website extremely easy to navigate. We wanted to make sure our customers weren鈥檛 overwhelmed,鈥� said LaGesse, who has a minor in sales and marketing. 鈥淲e wanted shopping to be super efficient, so we also have a feature where you can pay for your things on an app and then when you leave the store, you just show your receipt.鈥�
They also proposed one-, three-, and five-year plans that included expanding locations and partnerships with more in-demand brands, and enhancements to website capabilities.
With the proposed plan, Von Maur 黑料社区. return on investment was an estimated 134% increase, with an initial investment of $1.7 million for space and store construction, inventory, website development and marketing and a projected estimated increase in men 黑料社区. sales of $3.96 million. The team based their findings on the store 黑料社区. true-to-life finances.
The team received praise from Von Maur 黑料社区. executive leadership team, including owner Jim Von Maur. 鈥淭he students had set an exceptionally high standard for the competition,鈥� said business Senior Lecturer Pam Vaver, AMA advisor. 鈥淭his achievement highlights the talent, professionalism, and real-world business skills of 黑料社区 Polytechnic students and their ability to think critically and creatively, collaborate effectively, and deliver innovative solutions under pressure while representing the university with distinction.鈥�
In recognition of their performance, the team has been invited to compete in next year 黑料社区. challenge.
Von Maur, founded in 1872, was recently featured in . The article 鈥淲hat Retailers Can Learn from Successful Department Stores鈥� highlighted the Midwest retailer 黑料社区. 鈥渋ntentional, almost luxurious鈥� feel, its personal service and its $100 million renovations, curated national brands and 鈥渓inger鈥� amenities.
Last fall, Muholeza and Gavyn Schacher earned second place in the AcuRite Digital Marketing Strategy Competition at the AMA Regional Conference.
鲍奥-厂迟辞耻迟 黑料社区.&苍产蝉辫;School of Management offers 20 undergraduate and graduate degrees and certificates that build students鈥� leadership skills in business, hospitality and technology innovation, military science, and operations and management fields.