The Rival Results Index (RRI)
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1 The Rival Results Index (RRI) Retail: High-end Department Stores Q1 2015
2 What is the Rival Results Index? The RRI is a comprehensive analysis, scoring and ranking of a group of organizations in a specific industry on social media. The RRI is designed to provide a competitive and data-driven view of a market across key social media measurements, including presence, audience, activity, engagement, potential reach and top social content. The RRI program, related processes and scoring is managed by Rival IQ, a digital marketing analytics firm based in the United States. All data for the RRI is based on the Rival IQ digital marketing analytics software.
3 RRI Scoring Categories Social Presence Social Audience Social Total Engagement Twitter Mentions Potential Reach Average Engagement Rate - Twitter Average Engagement Rate - Facebook Average Engagement Rate - Instagram Top Social Content On which social networks is the company present with a valid handle and profile. Has created correct handles, such as a Company Page versus Personal Profile. Scoring gives 1 point each for four channels: Twitter, Facebook, Instagram and Google+ plus an extra point for LinkedIn or YouTube presence. Aggregate number of "followers" or "fans" across the top 6 social networks. The total number of engagement actions across all tracked social channels for the Q period (January 1 to March 31, 2015). How well are these companies doing influencer marketing on social media and how do those influencers on Twitter extend their potential reach? Rival IQ pulls the top 50 mentions per day per company based on mentioner follower count. The average number of interactions (retweets and favorites), per thousand followers, of this company's tweets during Q The average number of interactions (likes, comments, and shares), per thousand page Likes, of posts on this company's Facebook page during Q The average number of interactions (likes and comments), per thousand followers, of posts on this company's Instagram during Q Number of top 50 posts over Q ranked by Engagement Rate, across Twitter, Facebook, Google+ and Instagram (max 200 total posts).
4 RRI Scoring System: Max of 40 Points Possible Total Score Social IQ Classification Detail 33 to 40 Superior Social IQ 25 to 32 High Average Social IQ 17 to 24 Average Social IQ 9 to 16 Below Average IQ 8 and lower Extremely Low Social IQ The Rival to beat (and emulate). Follows best practices in social media. Presence across at least four major social networks, with strong audience, activity and engagement. Consistent top content across top two channels for this Landscape, Twitter and Facebook, and extending reach and engagement to other channels. Ahead of the pack. You re doing great, and headed in the right direction. You adhere to most best practices. Presence across at least three major social networks. Strong audience, activity and engagement, but not always consistent. A bit more work (and potentially learning from the higher IQ players, could lead to a superior IQ). Middle of the road social player. Present on social networks but not following best practices or optimizing that presence. Inconsistent activity and engagement. You need to increase all areas of social media activity. Focus on a strong, consistent presence with logos, branding and positioning aligning. Build your audience with more loyal fans and learn what content is more engaging. Emulate the higher IQ players in your market. You are there but not really. You have some handles on some networks, but your presence is inconsistent at best and your activity is lackluster. You need to make a decision of go or no go. Are you in this game or do you want to stay on the sidelines? You need to basically start over with your strategy. Establish better presences on top networks, build your audience through organic and paid mechanisms, start increasing your activity with engaging content for your audience, etc. If you don't have someone dedicated to social media on your team, hire them. You barely have a pulse on the social media landscape, and your competition does not see you as a rival. Get some training, hire staff or find outside resources to help you.
5 The Department Store RRI For each of these organizations, the RRI analyzed the social handles relevant to this brand only. Parent companies or associated organizations were not included.
6 Qualifications for this RRI To be included in this RRI evaluation, the retail organization had to meet the following qualifications: High-end Department Store: Must have at least one physical retail location and be considered a top department store selling high-end fashion. Social Network Presence: Minimum presence on Twitter, Facebook, Instagram and Google+. Minimum Social Audience: 500,000 Social Activity Level: At least 5 social postings per day on the main social networks being tracked. Expert source: Validation of high-end department stores was found in both International Business Times and Forbes.
7 Social Media Networks for the RRI For this business-to-consumer (B2C) landscape of retail high-end department stores, we focused on the following social networks: Facebook Instagram Twitter Google+ YouTube and LinkedIn were included for cross-channel evaluations
8 Top Social Media Networks for B2C Important to Critical Somewhat or Not Important Facebook 93% 7% Twitter 83% 17% YouTube Instagram 60% 57% 40% 43% LinkedIn Google+ Pinterest 42% 41% 48% 58% 59% 52% Tumblr 15% 85% Snapchat 3% 97% Source: Social Media Trends 2015 Research, Rival IQ
9 Market Analysis A lot of social media best practices and standards are being missed by these huge department stores that spend millions on advertising. They are missing the viral value of social media. No ecommerce connection between their Instagram or Facebook pages and online stores. Big gap! They are only posting content, and not leveraging product images or content with potential purchases. Most brands do well on only one or two channels but are not consistently focused across channels or leveraging content or messages across channels. They should all be rocking Twitter, Instagram and Facebook at least. No pattern or consistency in how much or when they post on different channels. Higher focus on building audience and activity (posting) rather than engagement.
10 Biggest Surprises Really low engagement on Twitter and Facebook. On Twitter, part of this is the lack of using images. Stores are posting frequently but not focused on engagement with their social audience. Hashtag abuse or lack of use overall. This is a huge issue on all channels, including Instagram, which is an extremely hashtag-centric network. Lack of social profile optimization or consistency. There are minimal to no product links, hashtags or branding consistency across channels. Even for sister companies, there is no cross-brand consistency. No connection or link to sub-brands or partner brands. For example, stores are not using product brand Twitter handles to tie the two brands together. This is true even for Nordstrom, who scored the highest Social IQ. In doing so, they are missing the influence and extended reach of these other brands.
11 RESULTS: RRI High-end Department Stores Nordstrom is the one to watch and beat! The only one with Superior Social IQ. 40 Maximum Potential Score Total Score Social IQ Nordstrom 35 Superior Social IQ Macy's 30 High Average Social IQ Harrods 29 High Average Social IQ Neiman Marcus 25 High Average Social IQ Saks Fifth Avenue 24 Average Social IQ Bergdorf Goodman 23 Average Social IQ Bloomingdale's 23 Average Social IQ Barneys 22 Average Social IQ Lord & Taylor 22 Average Social IQ Henri Bendel 21 Average Social IQ LUISAVIAROMA 19 Average Social IQ Dillard's 16 Below Average Social IQ
12 DETAILED SCORES: RRI High-end Department Stores Social Presence Social Audience Social Total Engagement Twitter Mentions Potential Reach Average Engagement Rate - Twitter Average Engagement Rate - Facebook Average Engagement Rate - Instagram Top Social Content Potential Max Score TOTAL Barneys Average Social IQ Bergdorf Goodman Average Social IQ Bloomingdale's Average Social IQ Dillard's Below Average Social IQ Harrods High Average Social IQ Henri Bendel Average Social IQ Lord & Taylor Average Social IQ LUISAVIAROMA Average Social IQ Macy's High Average Social IQ Neiman Marcus Average Social IQ Nordstrom Superior Social IQ Saks Fifth Avenue High Average Social IQ
13 Detailed Analysis
14 Social Presence
15 Social Presence: RRI Department Stores At first glance, it appears these companies are all everywhere with every store having branded profiles on all six tracked social networks.
16 Social Presence Scores Social Presence Twitter Facebook Instagram Google+ LinkedIn or YouTube Potential Score Barneys Bergdorf Goodman Bloomingdale's Dillard's Harrods Henri Bendel Lord & Taylor LUISAVIAROMA Macy's Neiman Marcus Nordstrom Saks Fifth Avenue On which social networks is the company present with a valid handle and profile. Company has created correct handles, such as a Company Page versus Personal Profile. Scoring evaluates top 4 channels: Twitter, Facebook, Instagram and Google+, plus gives an extra point for YouTube or LinkedIn presence.
17 Social Activity While we did not give a score for social activity, it is interesting to note that the leader, Nordstrom, is also the most active (by a lot) across multiple social networks on activity, especially Twitter.
18 Social Audience
19 Social Audience: RRI Department Stores Macy s has the largest aggregate social audience by several million fans, especially on Facebook, illustrating how many of these stores are putting heavy focus on one channel.
20 Social Audience Scores Social Audience Detail < 1 Million 1M - 2M 2.01M - 3M 3.01M - 4M > 4 Million Potential Score Barneys 4 Bergdorf Goodman 4 Bloomingdale's 5 Dillard's 1 Harrods 2 Henri Bendel 1 Lord & Taylor 1 LUISAVIAROMA 3 Macy's 5 Neiman Marcus 4 Nordstrom 5 Saks Fifth Avenue 4 Aggregate number of "followers" or "fans" across the top 6 social networks.
21 Social Engagement Total
22 Social Engagement: RRI Department Stores Nordstrom is obtaining by far the greatest engagement, especially on Instagram and Facebook. Instagram is clearly an engagement focus for most of these department stores.
23 Social Engagement Scores Social Total Engagement < 400k 401k to 800k 801k to 1.2M 1.21M to 1.6M > 1.61M Potential Score Barneys 4 Bergdorf Goodman 4 Bloomingdale's 2 Dillard's 1 Harrods 2 Henri Bendel 1 Lord & Taylor 1 LUISAVIAROMA 2 Macy's 5 Neiman Marcus 4 Nordstrom 5 Saks Fifth Avenue 3 The total number of engagement actions across the top 6 tracked social channels for the Q1 period (January 1 March 31, 2015).
24 Social Engagement Rate By Social Media Channel
25 Social Engagement Rate: Twitter Many of these stores are heavy tweeters each day, but many of those tweets are not getting much engagement. Activity without engagement is wasted social effort.
26 Twitter Engagement Rate Scores Average Engagement Rate - Twitter Detail < to to to.50 >.50 Potential Score Barneys 1 Bergdorf Goodman 1 Bloomingdale's 1 Dillard's 1 Harrods 2 Henri Bendel 2 Lord & Taylor 3 LUISAVIAROMA 1 Macy's 1 Neiman Marcus 1 Nordstrom 1 Saks Fifth Avenue 1 The average number of interactions (retweets and favorites), per thousand followers, of this company's tweets during Q Note that best practices for Engagement Rate on Twitter is at least.50. Leading Twitter social companies score 1.0 or more on Twitter Engagement Rate.
27 Social Engagement Rate: Facebook Harrods and Nordstrom are posting to Facebook around once per day, which is standard practice, and they are clearly posting content that draws strong engagement from their Like base.
28 Facebook Engagement Rate Scores Average Engagement Rate - Facebook Detail < > 3.0 Potential Score Barneys 1 Bergdorf Goodman 2 Bloomingdale's 2 Dillard's 1 Harrods 5 Henri Bendel 2 Lord & Taylor 2 LUISAVIAROMA 3 Macy's 3 Neiman Marcus 2 Nordstrom 5 Saks Fifth Avenue 1 The average number of interactions (likes, comments, and shares), per thousand page Likes, of posts on this company's Facebook page during Q
29 Social Engagement Rate: Instagram Barneys may post the most to Instagram, but Harrods is ROCKING engagement with its fan base.
30 Instagram Engagement Rate Scores Average Engagement Rate - Instagram < 5 5 to to to 20 > 20 Potential Score Barneys 2 Bergdorf Goodman 3 Bloomingdale's 3 Dillard's 3 Harrods 5 Henri Bendel 4 Lord & Taylor 3 LUISAVIAROMA 2 Macy's 3 Neiman Marcus 2 Nordstrom 4 Saks Fifth Avenue 2 The average number of interactions (likes and comments), per thousand followers, of posts on this company's Instagram during Q
31 Twitter Mentions Potential Reach
32 Twitter Mentioners & Influencer Reach Macy s brought in the most Mentioners and the greatest Potential Reach of over 150 million Twitter followers. Nordstrom was a close second.
33 Twitter Mentioners & Influencer Reach Scores Twitter Mentions Potential Reach < 10M 10M to 35M 36M to 60M 61M to 85M > 85M Potential Score Barneys 4 Bergdorf Goodman 2 Bloomingdale's 4 Dillard's 1 Harrods 3 Henri Bendel 1 Lord & Taylor 2 LUISAVIAROMA 2 Macy's 5 Neiman Marcus 4 Nordstrom 5 Saks Fifth Avenue 5 How well are these companies doing influencer marketing on social media and how do those influencers on Twitter extend their potential reach? Rival IQ pulls the top 50 mentions per day per company based on mentioner follower count.
34 Top Social Content
35 Top Cross-Channel Social Content Scores Top Social Content < 3 3 to 5 6 to 9 10 to Potential Score Barneys 1 Bergdorf Goodman 2 Bloomingdale's 1 Dillard's 3 Harrods 5 Henri Bendel 5 Lord & Taylor 5 LUISAVIAROMA 1 Macy's 3 Neiman Marcus 3 Nordstrom 5 Saks Fifth Avenue 3 Number of top 50 posts over Q ranked by Engagement Rate across Twitter, Facebook, Instagram and Google+ (maximum of 200 total posts)
36 Top Social Content Detailed Scores Top Social Content Twitter Facebook Instagram Google+ Total Barneys Bergdorf Goodman Bloomingdale's Dillard's Harrods Henri Bendel Lord & Taylor LUISAVIAROMA Macy's Neiman Marcus Nordstrom Saks Fifth Avenue Top 50 Content
37 Top Social Content: Twitter Top Twitter content based on Engagement Rate - the average number of Favorites and Retweets per 1,000 followers of each company s tweets during Q
38 Top Social Content: Facebook Top Facebook content based on Engagement Rate - the average number of Likes, Shares and Comments per 1,000 followers of each company s posts during Q
39 Top Social Content: Instagram Top Instagram content based on Engagement Rate - the average number of Likes and Comments per 1,000 followers of each company s Instagram posts during Q
40 Top Social Content: Google+ Top Twitter content based on Engagement Rate - the average number of +1 s, Shares and Comments per 1,000 followers of each company s Google+ posts during Q
41 Thank You
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