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‘It’s a big myth’: James Hurman, Klaviyo study of ANZ online retailers, 1.7m shoppers explodes adage that it’s ‘5x cheaper to retain than acquire new customers’

A leading global proponent for creating emotion-triggering advertising and communications to ensure business impact all but acknowledged last week that customer experience can move the dial faster in positive customer sentiment and “emotional loyalty” than ads ever will. But there’s a catch or two – bad CX  damages business faster than ads and data from dozens of ANZ ecom players and 1.7m online shoppers has trashed a widely held industry view, particularly among tech companies, that retaining more customers is good for business. “This is a big myth I’m going to bust,” Hurman told a silenced crowd of ecom and CX specialists last week at Klaviyo’s K:Syd conference.  

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QSR CMO tops the list; FMCG brands dominate as we reveal the winners of the inaugural CMO Awards 2025

This year’s inaugural CMOs of the Year top 10 demonstrated it all: a cult challenger brand turned global goliath with a $3bn market cap; the biggest incremental opportunity for a 160-year-old heritage brand in its history; tapping AI bespoke tools to increase innovation products to 20% of all sales; flipping a golden goose campaign platform to avoid capping growth and unique ethnographic studies to convince execs to spend big on brand – these marketing chiefs are doing it all. Here, we reveal the winners and finalists – and some of the key facts and figures – of our first CMO Awards, powered by Mi3.

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Go hard, go home loans: Aussie closes on a million new customers, notches huge brand consideration boost, sets sales record, turns merger into growth engine – now coming for competitors

When digital disruptor Lendi merged with household-name Aussie in 2021, it could have ended in Frankenstack chaos and brand confusion. Instead, the combined business pulled off a rare feat: picking one brand – Aussie – backing it hard, and executing with surgical precision. The result? Brand consideration surged eight points, sales hit record highs, and monthly web traffic more than doubled. By streamlining systems, syncing media, and reinventing the customer journey, Aussie didn’t just survive the merger – it turned it into a million-customer growth engine and a blueprint for full-funnel brand transformation.

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The CMO Awards Podcast Ep4: Earning the CEO and CFO’s respect: What former marketing chiefs from Jurlique, Aldi, Mercer plus Tourism Australia’s former CFO did to better narrate the commercial value of marketing

Short CMO tenure, job complexity, unrealistic expectations of delivery – commonly driven by short-term ultimatums – plus a disconnect on the metrics that matter, are all contributing to a dangerously common misalignment between CMOs and their CEOs and CFO. And it’s a recipe for trouble for marketing leaders wanting to enact strategic growth.That’s the view of four luminaries participating in the latest CMO Awards Podcast episode. All know a thing or two not only about providing marketing’s value as CMOs, but also now sit on the other side of the c-suite: ADMA CEO and former FMCG CMO, Andrea Martens; Lounge Lovers CEO and former Aldi and Westpac marketing chief, Samuel Viney; Adobe director of digital strategy group APAC and former Tourism Australia CFO, John Mackenney; and Seek commercial growth APAC leader and former consumer marketing lead for ANZ and customer chief at Mercer, Cambell Holt.  There is an ongoing refrain marketing leaders need to do more to build and demonstrate commercial acumen and their value to the c-suite. And we have a fresh report making the point again: In the latest Gartner survey, only 27% of CEOs and CFOs reported their CMO’s performance exceeded expectations over the past year. Confidence in a CMO’s ability to prove the value of marketing to the enterprise is held by just half (54%) of senior executives. Gartner’s survey also found only 34% of CEOs and CFOs agree with CMOs on the role of marketing in supporting growth. And only one in five CEOs and CFOs report receiving significant clarity from their CMO regarding marketing accountabilities. They’re sobering figures, and they’re not in isolation. Viney paints an all-too-common “chicken-and-egg” scenario: New CMO comes into an organisation and is confronted with demands to improve marketing’s performance “after the last person didn’t achieve what we expected”. “When asked if you’re going to be able to do it, the CMO will say of course I am, that’s why I’m here,” Viney comments. “What you get then is two challenges: Number one is you’re perhaps being unrealistic with the expectations you’re setting … secondly, just understanding the metrics that matter in the context of a new organisation, particularly if you’re changing sectors, takes time.”As a former CFO, Mackenney agrees there’s a further translation issue between the language of finance and marketing which he’s constantly coming up against in his current role at Adobe – in fact, he often finds himself being the “CFO whisperer” for marketers. But he doesn’t put all the blame on CMOs. “I think it’s incumbent on a lot of CFOs to better understand, actually, what are the levers that the CMO has, really, what are the some of the cost drivers and the benefits drivers there, so we can have a better understanding between two really critical roles in the organisation,” he says. Yet Martens points out we’re still seeing many CMOs reporting on outputs like campaign performance instead of strategic business outcomes and things like customer growth, retention, margin, contribution, pricing, power and overall business improvement and business performance. “They’re the metrics that, at the end of the day, the CEOs and the CFOs are looking for, and they’re the metrics that actually influence the total enterprise value. They’re the conversations that are not being had,” she says. Holt agrees CMOs need to do a better job of business-grade insight to align their own ability to deliver value. “Early on, I discovered the best way to align yourself and to create mutual understanding is to take on the task of learning someone else’s language, then also take on the task of translation within the marketing function. Don’t make it the CFOs challenge to learn your language, learn their language and speak it, and train as many people in your function as a marketing leader to speak the other person’s language as well.”This CMO Awards podcast series is hosted by Nadia Cameron, associate publisher and editor of marketing at Mi3, plus program leader for the CMO Awards.

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From NPS to newsroom: How Mitre 10 Is broadcasting customer pain to key executives and solving problems faster

Forget monthly PDF purgatory. Mitre 10 New Zealand is upgrading the customer experience playbook and building something far more powerful: A newsroom that shares customer pain points with the kind of clarity that store owners can act on. Armed with AI and a taste for editorial flair, the Kiwi hardware heavyweight is turning raw customer angst into corporate intelligence  – and it’s landing with force in boardrooms, dev teams, and store aisles alike. No more abstract data dumps. Instead, real stories, real pain, and real change. In a move that could rewrite how businesses think about CX, Mitre 10’s insights team has transformed passive feedback into active decision-making. The result? A cultural rewire, not just a tech upgrade – where the voice of the customer isn’t just heard, it’s impossible to ignore.

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The CMO Awards podcast ep3: ‘Brand is the unit of value creation’: Lion co-MD Anubha Sahasrabuddhe, McCain growth chief Olivia Dickinson, SiteMinder’s Trent Innes on chief growth recipes – and pitfalls to avoid

Lion co-MD Anubha Sahasrabuddhe launched a 500-day growth sprint in 2023. Time’s up, so what has she achieved? A promotion hints it’s worked. McCain’s growth marketing chief and former Chobani GM of growth, Olivia Dickinson, has likewise made rapid product-to-market sprints – but unpacks just why marketing is fighting a losing battle without product, ops, finance and sales onboard and running in tandem without anyone fumbling the baton. SiteMinder’s chief growth officer, Trent Innes, suggests those thinking they’ve slam-dunked growth with a basketful of marketing qualified leads are probably not long for this world. The good news? There’s an inextricable link between growth and brand power, say all three in this latest CMO Awards podcast episode.

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