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On the cover of the latest issue of Adweek, you’ll find Gary Friedman, CEO of RH, formerly Restoration Hardware. While many brands in the category have been scrambling to avoid bankruptcy, RH has completely redefined itself. The transformation involved reinventing itself and as a luxury brand, opening new stores known as “galleries” and expanding into the travel and residential real estate markets—all of which blend home, store and hospitality. In the process, Friedman managed to turn the struggling retailer’s fate around: The brand’s revenue managed to grow despite the pandemic, and its stock price has multiplied more than 15 times over the past eight years.
The secrets to success: Discover 5 ways to unlock your brand’s potential.
Also in the latest issue of Adweek:
- TV & Streaming: This time last year, 79 new programs debuted at the outset of the 2019-2020 TV season. This year, fluctuating schedules and shifts to streaming have forced broadcasters to improvise, which has left “a bit of a void” for advertisers when it comes to early fall broadcast programming.Learn how buyers are navigating the uncertainty.
- Opinion: Much of the marketing world is striving for equity and inclusion, but Cindy Augustine, global chief talent officer at FCB, explains why the racial inferiority myth is still holding Black professionals back. Here are the self-reflecting questions we need to ask to address the issue.
- Data Points: Confidence in CEOs has plummeted in recent months, but the time of the CMO has come, with businesses leaning on their marketing officers to drive growth and meet customer needs. Discover the top outcomes CMOs hope to achieve amid the pandemic.
After saying he’d halt new downloads of TikTok after Sunday late last week unless parent company ByteDance reached a sale, President Trump said Saturday that he gave a deal with Oracle and Walmart his “blessing.” The deal isn’t an outright sale, but a partnership with Oracle and Walmart to become a U.S. company. The move replaces a bid by Microsoft to acquire the company’s operations in the country.
In what proved to be perhaps the most powerful and inspiring moment of Brandweek, marketing veteran Antonio Lucio—who’s led marketing at Facebook, HP, Visa, Kraft and PepsiCo—joined us on his last day in the industry to share his lessons learned. Every moment of his presentation was informative, heart-rending and wise beyond all expectations. Some of his most earnest and emotional thoughts included advice around leading people with humanity and empathy, and the importance of self-care under the weight of leadership.
More highlights from the final days of Brandweek:
- If you were left to enviously watch coverage of Ryan Reynolds’ inspiring talk from afar, never fear. You can watch his entire talk here, and even find a transcript. Hear all about how he and Maximum Effort applied lessons from Deadpool to Aviation Gin and Mint Mobile’s marketing strategies.
- Jacksonville Jaguars CMO Julian Duncan and former Lyft vp of brand Jabari Hearn inspired listeners and tickled book, movie and TV nerds’ fantasy with a presentation that framed a marketer’s career trajectory as the classic Hero’s Journey as described by Joseph Campbell.
- We’re only limited to what we dream for ourselves. Learn how brand leaders Taj Alavi and Rachel Webber aimed high and how you can do the same to supercharge your career.