Pulse Legacy Archive October 2011 | Page 22

 conversations (CONTINUED FROM PAGE 18) insist for product inventors or experts to tell the story themselves. Ultimately, don’t overpromise and underdeliver. This is a common mistake many marketers commit and the fastest way to lose consumer loyalty. P: With assortment analysis among your key responsibilities, how do you select your merchandise mix to ensure that it is the right assortment for HSN shoppers? O: Assortment analysis at HSN is an intensive process. We take on an objective approach when selecting the merchandise mix. We rate each brand and look at a multitude of criteria when assessing them. Our goal is to give our customers the access to a balance of brands as well as to a number of brand authorities. Selecting which skin care to showcase, for instance, can be challenging as the market is over-saturated with skin-care products. Skin-care brands have a huge potential but they have to have a concept that is highly differentiated, has innovation in the pipeline and be experts in their field. nities in hair care, do-it-yourself products, hair removal systems and makeup with new technology. P: What words of wisdom can you give to marketers who have failed to reach goals or experienced setbacks? O: Often, marketers or entrepreneurs fail because they try to do too much at one time. There’s a tendency to throw spaghetti to a wall and see what sticks. Don’t be all things to all people. Do what you do best. Be an expert in your field. P: What beauty regimen do you swear by? O: My beauty regimen is very basic. I never sleep with makeup on. I clean my face every night, no matter how tired I may be. I wear SPF, keep my skin hydrated and never sit in the sun! P: When shopping, what gets you weak in your knees? O: Beauty products, of course! I open all beauty boxes like it’s Christmas. I love the innovation of designs and packaging, and can’t wait to try beauty products at home! P: How do you live the spa lifestyle? P: What beauty trends are you seeing that you think will carry on in the next five or more years? O: One trend in beauty and wellness is the shift from “injectables” to “ingestables.” There are also growth opportu- TO READ PAST CONVERSATIONS of Envirosell CEO Paco Underhill, The Container Store President Melissa Reiff, Wolf Means Business CEO Julie Gilbert and many other business leaders, access past issues of digital Pulse on experienceispa.com. 20 PULSE ■ O: I love to meditate and do yoga. At home, I de-stress through gardening. I built a solarium at the top of my New York home and having my own little slice of nature in the middle of city living gives me some peace and joy. ■ Wonder what the future of beauty merchandising would look like? Olum gives her forecast. Visit digital Pulse at experienceispa.com to read more. October 2011 ISPA10_