Download - Center Social Webinar
Social Media & Mobile Marketing for Mall
Management
Introduction
PresentersKurt Ivey, SVP Marketing and Corporate Communications, Madison
Kurt joined Madison Marquette in 2006 and is responsible for the company's communications with internal and external stakeholders, including investors, employees, clients, partners, retailers and consumers. Upon joining Madison, he created a scalable, locally-driven consumer marketing organization utilizing traditional and newly emerging social media. He has over 18 years of experience in business-to-consumer and business-to-business marketing initiatives and has served in executive leadership roles at Simon Property Group, Rouse Company and The Mills Corporation.
Alan McKeon, President & CEO, Alexander Babbage
Alan McKeon is President and CEO of Alexander Babbage a market and consumer research firm serving clients in the shopping center, retail, restaurant, sports and entertainment industries. Since joining Alexander Babbage in 2004, he has led the acquisition of the oldest consumer research company in the shopping center industry, 30-year old StillermanJones, and the most technologically advanced, MAXtrak. Today, Alexander Babbage continues to focus on bottom-line results and provide client insights through data-driven innovations including measuring the effectiveness of social media and determining the true drivers of geographic and retail productivity (SpendR™).
Duffy C. Weir, Independent Marketing and Sponsorship Consultant
Duffy C. Weir is the former vice president of specialty retail and marketing at The Rouse Company in Columbia, MD. She is now an independent retail marketing and sponsorship consultant and writer for Specialty Retail Report. Weir travels the world searching for what she says “makes marketplaces and retail tick”.
Moderator
Social Media: What is it?
Social Media: Media for social interaction, using highly accessible and scalable web-based technologies.
Social Media Evolution
The Numbers
What does it all mean?
www.centersocial.com
As of Q3 2010, 609 U.S. shopping centers had a Facebook page, and 555 centers had a Twitter account*
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Q3 Q3 Q3
n= 1,842
Q2
Q3
Q2
Q3
Q2
Q3
Center Type (300,000 square feet or
larger)
Number of Centers Studied
Super Regional Centers 432Regional Centers 777Lifestyle Centers 522Value Centers 94Entertainment Centers 17Total Industry 1,842
* Centers studied include those in the categories listed above that are 300,000 square feet or larger
Regional centers are more likely to have a Facebook page, but entertainment centers lead the way with the highest average number of fans per center
Center Type Base
Q2 Number of Centers with a Facebook Page
Q3 Number of Centers with a Facebook Page
Q2 Average Number of
Fans
Q3 Average Number of
Fans
Change Q3 vs. Q2 Average
FansSuper Regional Centers
432 153194 1,516 2,167 42.9%
Regional Centers 777 178 242 479 594 24.0%
Lifestyle Centers 522 114 137 1,859 2,064 11.0%
Value Centers 94 24 27 1,027 1,341 30.6%
Entertainment Centers 17 7 8 5,655 6,221 10.0%
Total Industry 1,842 476 608 1,244 1,563 25.6%
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More regional centers also have a Twitter account, but again, entertainment centers have more followers on average
Center Type Base
Q2 Number of Centers with a
Twitter Account
Q3 Number of Centers with a
Twitter Account
Q2 Average Number of Followers
Q3 Average Number of Followers
Change Q3 vs. Q2 Number of Followers
Super Regional Centers 432 151 184 190 248 30.5%Regional Centers 777 154 201 109 125 14.7%
Lifestyle Centers 522 81 109 479 467 -2.5%
Value Centers 94 50 53 408 431 5.6%
Entertainment Centers 17 6 7 1,117 1,161 3.9%
Total Industry 1,842 442 557 252 281 11.5%
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Between Q2 and Q3, regional centers experienced the most growth in the use of Facebook (36.0%), while lifestyle centers experienced the most growth in the use of Twitter
• Entertainment centers have the highest percentage of Facebook pages (41.7%), while value centers have the strongest presence on Twitter (56.4%).
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Center Type
Q2 % with Website
and Facebook
Q3 % with Website
and Facebook
% Growth in Number of Centers
with Facebook
Q2 % with
Website and
Q3 % with
Website and
% Growth in Number of Centers
with Twitter
Super Regional 35.6% 44.9% 26.1% 35.0% 42.6% 21.7%Regional 22.9% 31.1% 36.0% 19.8% 25.9% 30.7%Lifestyle 21.5% 26.2% 22.1% 15.5% 20.9% 34.7%Value 25.5% 28.7% 12.6% 53.2% 56.4% 6.0%Entertainment 41.2% 47.1% 14.2% 35.3% 41.2% 16.6%Total Industry 25.8% 33.0% 27.9% 24.0% 30.2% 26.0%
The average number of Facebook fans in Q3 is 1,563 per center – a 25.6% jump compared to Q2 2010
• The largest group, regional centers, continued to have the lowest average number of fans (594) and the smallest group, entertainment centers, continued to have the largest fan base (6,221).
• The highest number of fans for any single center is 83,645 for the super regional center Mall of America.
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The average number of Twitter followers increased from 252 per center to 281 per center – an 11.5% increase over Q2 2010, and falling well below the growth rate for Facebook
• Similar to Facebook, the small base of entertainment centers are out on top (1,161) with regional centers lagging behind with the lowest average number of followers (125).
• The highest number of followers for any one center is 5,205 for the lifestyle center The Grove.
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Mall of America has three times the number of Facebook fans as the next closest ranking center
Shopping Center Name LocationType of Center
Square Feet Managed By
Q3 Number of Facebook
Fans
Mall of America Bloomington, MNSuper Regional 2,768,399 Triple Five Corp. 83,645
King of Prussia MallKing of Prussia, PA
Super Regional 2,698,477 Kravco Simon Company 28,980
Westfield Garden State Plaza Paramus NJ
Super Regional 2,132,112 Westfield Corporation 28,483
Westfield Valley Fair Santa Clara, CASuper Regional 1,478,023 Westfield Corporation 19,227
The Galleria Houston, TXSuper Regional 2,350,308
Simon Property Group, Inc. 16,204
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The Grove leads other centers with the greatest number of Twitter followers as of Q3 2010
Shopping Center LocationType of Center
Square Feet Managed By
Q3 Number
of Followers
Q3 Number
of Tweets
The Grove Los Angeles, CA Lifestyle 575,000 Caruso Affiliated 5,205 1,720
Mall of America Bloomington, MNSuper Regional
2,768,399 Triple Five Corp. 3,263 3,922
Universal CityWalkUniversal City, CA Entertainment 400,000 Universal CityWalk 2,546 2,398
Winter Park Village Winter Park, FL Lifestyle 522,000 Casto 1,996 276
Belmar Lakewood, CO Lifestyle1,200,00
0Continuum Property Mgmt 1,948 391
Among all studied developers, only Glimcheremploys Facebook and Twitter at all its properties
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Simon and DDR saw the greatest growth in Facebook at their centers between Q2 and Q3; DDR and Glimcher saw the greatest growth in Twitter use during the same time period
Base
Q2 % with Website
and Facebook
Q3 % with Website
and Facebook
% Growth from Q2 to
Q3
Q2 % with Website
and Twitter
Q3 % with Website
and Twitter
% Growth from Q2 to Q32
Simon Property Group 227 2.6% 21.6% 716.7% 14.1% 30.0% 112.5%General Growth Properties 190 87.9% 88.4% 0.6% 86.3% 86.8% 0.6%CBL & Associates Properties 83 3.6% 4.8% 33.3% 6.0% 7.2% 20.0%Westfield Corporation 54 25.9% 35.2% 35.7% 24.1% 27.8% 15.4%Macerich 51 31.4% 35.3% 12.5% 98.0% 98.0% 0.0%Developers Diversified Realty 46 8.7% 32.6% 275.0% 4.3% 32.6% 650.0%Jones Lang LaSalle 46 39.1% 58.7% 50.0% 32.6% 45.7% 40.0%Pennsylvania R/E Investment Trust 31 45.2% 48.4% 7.1% 3.2% 3.2% 0.0%Forest City 24 66.7% 70.8% 6.3% 66.7% 70.8% 6.3%The Taubman Company 22 0.0% 0.0% - 0.0% 0.0% -Glimcher 21 38.1% 100.0% 162.5% 38.1% 100.0% 162.5%
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Note the data for Simon Property Group was aggregated by Simon Property Group (Chelsea), Kravco Simon and Simon Property Group, Inc. CBL & Associates Properties was aggregated by CBL RM - Waco LLC and CBL & Associates Properties, Inc. and Forest City was aggregated by
Forest City Commercial Management, Forest City Enterprises, Forest City Management, and Forest City Ratner Companies.
Case Study: Mall of America on Facebook
• Among U.S. shopping centers 300,000 square feet or larger, the Mall of America has the highest number of fans on Facebook (111,554 as of September 2010).
• In Q3 2010, The Mall of America posted an average of 49.3 times per month. This compares to an average of 39.5 posts per month among the top 10 centers.
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Case Study: Mall of America on Facebook (Continued)
Regular Fan Interaction
Non-center Specific Posts
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• The Mall of America has proven that interaction is key when it comes to gaining the largest fan base on Facebook.
• As evidenced by Mall of America, posts do not necessarily have to be shopping related to engage fans and create interest.
• Special offers that are available exclusively to Facebook Fans are a great way to gain exposure and get customers in the habit of checking your center’s Facebook page on a regular basis.
Case Study: Forest City Facebook Use
• Forest City currently has 24 shopping centers, 17 (70.8%) of which are on Facebook and Twitter as of Q3 2010.
• Victoria Gardens in Rancho Cucamonga, CA has the most Facebook fans (7,135) while Northfield at Stapleton in Denver, CO has the fewest (380).
• Although both centers seem to update at a similar frequency, Victoria Gardens tends to have a lot more fan interaction.
• The post below demonstrates that updates do not always have to be about shopping to get a reaction and connect with users.
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Case Study: The Grove on Twitter
• Among all shopping centers 300,000 square feet or larger, The Grove, a lifestyle center in Los Angeles, has the highest number of followers on Twitter (6,539 as of September 2010).
• The Grove tweets an average of 4.1 times per day, compared to an average of 3.1 tweets per day for the top 10 U.S. shopping centers.
• Shopping center tweets are of comparable content to Facebook posts, yet occur much more frequently. Similar to Facebook, interaction through re-tweeting and replying is key.
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Case Study: Simon Property Group on Twitter
• Overall, Simon Property Group has experienced the third highest growth rate behind DDR and Glimcher in the use of Twitter from Q2 to Q3 at a growth rate of 112.5%.
• Among 227 Simon Property Group centers, two have made the list of top 20 centers based on the number of followers on Twitter, The Galleria (1,678 followers) and Pier Park (1,450 followers) as of Q3 2010, these numbers have since grown.
• The Galleria maintained its fourth-place ranking in the top five centers with the largest increase in the number of followers from Q2 to Q3 2010 (1,302 to 1,678).
• The Galleria tweets an average of 3.4 times per day, while Pier Park tweets 2.9 times per day. Among the top 10 centers, the average number of tweets per day is 3.1.
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Retailer Success: Ann Taylor – Skinny to Real
Results:• Loyalty• Dialog/Engage
ment• Sales• Publicity
Restaurant Success
FourSquare Day:• Gift cards as bait• 50 Articles• 33% increase
traffic• Total Cost: $1000
Foursquare Promotion
Content is King
• Strategy• Consistency• Turnkey Promotion• Scalability• Engagement
• Facebook 70%
• Twitter 580%
• Check Ins 250%
• Retailer Results
• Media Coverage
Social Media as a Leasing Tool
Online extension of Corporate Brand
Apps vs. Mobile Optimization
The Future of Mobile
Summary
Q&A