Jan. 4, 2022
3:45 PM ET
Consumers favor home innovation that is sustainable and purposeful, study finds
As companies unveil and discuss the future of innovation at CES 2022, findings from kitchen and laundry company Whirlpool Corporation suggest that sustainability must be top of mind for home goods marketers in order to court consumers.
The survey, which interviewed 19,000 respondents across 10 countries, found that 51% of respondents choosing a new home appliance consider energy and water efficiency to be the most important feature. Several respondents desire innovations that use less energy (40% of respondents), have a lower carbon footprint (35%), save time (26%) and money (32%).
The study also found that consumers are increasingly taking action to reduce their environmental impact, with two-thirds saying they reduce or reuse single-use plastics. Nearly half of the respondents want to increasingly reduce their consumption of single-use plastics and water in 2022.
— Asa Hiken
3:24 PM ET
CES panels removed from schedule after wave of cancellations
A slate of programs at CES were absent from Tuesday's schedule as the tech event continues to be upended by the uptick in coronavirus cases. Read more here.
— Garett Sloane
10:30 AM ET
Best Buy rebrands ad business—without planned CES activations
To introduce its recently rebranded media business, Best Buy Ads, the electronics retailer had planned a series of activations at CES to introduce the rebranded offering. But given the rise in COVID cases and truncated conference, Best Buy cancelled its plans for the trade show, according to Frank Crowson, chief marketing officer. Now, the chain is plotting out where to show up instead and when to host such activations.
“Obviously you can expect to see us showing up in a lot of places and spaces,” Crowson said, noting a reliance on advertising like social media and business-to-business sites like LinkedIn to spread the word about Best Buy Ads.
The expanded media business, which Best Buy teased out with a new website during Advertising Week last year, was formerly known as Best Buy Media Network, a long-recognized provider of advertising opportunities for brands and one of the earliest pioneers in a trend that has now become mainstream for most retailers. Best Buy will continue to work with long-time partner Criteo.
Best Buy worked with Redscout and Merkle on the rebrand. While the former business also served brands that sell at Best Buy and nonendemic brands that do not, along with agencies, the new offering will “more proactively” serve such customers, the company said. Crowson declined to provide specifics around the number of advertisers Best Buy Media Network served and what the company is envisioning for Best Buy Ads.
While the old business had predominantly focused on on-site media and in-store offerings, the expanded entity will offer a range of ad opportunities across Best Buy and off-site channels.
Crowson also noted new product categories at Best Buy like health and fitness, outdoor living and electric transportation will open the door to more advertisers for the media network.
“So if you think about all the new products, all the new product categories and the ability to offer advertising opportunities to those partners is expanding,” he said.
—Adrianne Pasquarelli
Jan. 3, 2022
3:00 PM ET
Samsung kicks off CES with NFT TVs
Samsung Electronics has been among the companies committed to demonstrating products live at CES, and it already made a splash with an NFT platform for TVs. Samsung opened CES with a series of announcements around its smart TV software, including an integration with NFTs. Samsung said its NFT platform allows consumers to discover, buy and trade NFTs. The non-fungible tokens have been one of the hotter technologies from the past year, giving web 3.0 enthusiasts a way to collect digital artwork. Electronics companies have been coming up with new ways to display these virtual collectibles through smart screens.
— Garett Sloane
2:00 PM ET
COVID testing swag
CES attendees are reporting that safety precautions are being taken seriously with plenty of masking and organizers distributing personal COVID-19 test kits.
Last month, CES organizers promised to make personal tests available as part of increased precautions. On Monday, the first people on the ground were tweeting about the ramped up measures and showing off their complementary COVID-19 kits. Health tech also happens to be one of the hot themes at the electronics show. Abbott, the maker of the BinaxNOW test, received an innovation honor at this year’s CES.
— Garett Sloane