5 Ways To Keep Retail Customers Loyal In The Age Of Showrooming
 

5 Ways To Keep Retail Customers Loyal In The Age Of Showrooming

on

  • 26,177 views

A presentation by faberNovel on how brick-and-mortar retailers can use technology to fight back against online competitors.

A presentation by faberNovel on how brick-and-mortar retailers can use technology to fight back against online competitors.

Statistics

Views

Total Views
26,177
Views on SlideShare
16,684
Embed Views
9,493

Actions

Likes
99
Downloads
885
Comments
9

89 Embeds 9,493

http://readwrite.com 6791
http://www.fabernovel.com 659
http://thehub.spafuturethinking.com 357
http://tiagoforte.com 216
http://www.scoop.it 210
http://www.aximark.fr 178
http://www.google.com 168
http://www.entrepreneurmag.co.za 103
https://tiago-forte22.squarespace.com 81
http://cibertransistor.com 79
http://www.netnewsledger.com 68
http://www.agenciamk.info 67
http://localhost 61
https://twitter.com 52
http://lalibrairieestmortevivela.blogspot.fr 41
http://trends.e-strategyblog.com 35
http://feedproxy.google.com 30
http://www.entreprise-marketing.fr 26
http://thesocialmediaagency.blogspot.com.au 25
http://preview.user.thrashr888.master.readwrite.com 21
http://www.newsblur.com 15
http://newsgator.cgsh.com 11
http://beta.technovationchallenge.org 11
http://www.hanrss.com 10
http://feeds.feedburner.com 10
http://hacci.net 9
http://datalog.tk 9
http://127.0.0.1 9
http://www.pulse.me 8
http://kred.com 8
http://apps.synaptive.net 8
http://trendissimo.tumblr.com 7
http://192.168.242.209 5
http://fabernovel.dev 5
http://newsblur.com 5
http://www.seofacts.biz 5
http://pinterest.com 4
http://www.lifestreamen.nl 4
http://www.facebook.com 4
http://lalibrairieestmortevivela.blogspot.com 3
http://translate.googleusercontent.com 3
http://secure.bundlr.com 3
http://t.co 3
http://www.linkedin.com 3
http://thesocialmediaagency.blogspot.com 3
https://www.facebook.com 3
http://preview.master.readwrite.com 3
http://beatstoit.com 2
http://www.socializedby.me 2
http://notepad.com 2
More...

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
  • this is a old version. download latest version from here this is works better : http://bit.ly/12rUOWq

    no survay no password. Direct Download




























    .
    Are you sure you want to
    Your message goes here
    Processing…
  • That's a really a great study and I had the pleasure to see it live at the faberNovel Parisoma Retail Mixer past December! There was also this company called Fiverun.com presenting at this event. They have exactly a product which has a solution module for every of this '5 ways' faberNovel is pointing out. So that means Fiverun.com helps to transform the in-store purchase, providing an 'Apple Store-like' experience and beyond using an iPad or an Droid Pad. You can checkout customers from anywhere in the store or can expand your product line which is normally limited within a store because of space with the Fiverun.com showcase and ship to home modules. It's really awesome!
    Are you sure you want to
    Your message goes here
    Processing…
  • nice one
    Are you sure you want to
    Your message goes here
    Processing…
  • @brandipoints thanks for your comments. We chose to highlight Best Buy because we found their current strategies to be interesting and significant given their position as a company that has suffered heavily from showrooming in the past. They represent a company trying to come to terms with the new realities of retail, and that is worth highlighting.

    You could of course write a whole study about Apple stores and the user experience associated with them. Maybe we will get around to that with one of our future studies.
    Are you sure you want to
    Your message goes here
    Processing…
  • I agree with Axel Le Pennec's comment regarding Apple and wonder why you instead chose Best Buy as a case study. They best represent the five things not to do. Ironically they’ve taken the quote by Hubert Joly, “Once customers are in our stores, they’re ours to lose” to heart. Now serving it seems as the new call to action, it’s become self-actualizing.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

5 Ways To Keep Retail Customers Loyal In The Age Of Showrooming 5 Ways To Keep Retail Customers Loyal In The Age Of Showrooming Presentation Transcript

  • to Keep RetailCustomers Loyalin the Age of ShowroomingStrategies For Brick-and-Mortar Retailersto Fight Online Competition © faberNovel 2012 ••• 1
  • •••Brick and mortar retailers have been facing serious challenges lately of U.S. mobile consumers are expected to use their phone while shopping in-store in the 2012 holiday season. Source: JiWire Mobile Audience Insights 2012 © faberNovel 2012 ••• 2
  • •••Brick and mortar retailers have been facing serious challenges lately The number of U.S. shoppers engaging in showrooming is expected to increase 134% from 2011 to 2012, influencing $1.7 billion in retail sales Source: IDC Retail Insights Survey 2012 © faberNovel 2012 ••• 3
  • ••• Retailers are well aware of the danger they are facing of physical retailers expect to be affected by showrooming in 2012 ...but only have a strategy in place to combat itSource: Edgell Knowledge Network/eBay Local © faberNovel 2012 ••• 4
  • •••The fact is this: the barrier between online and offline retail has collapsed Amazon and other e-retailers are exploiting this fact to press their advantage over their offline competitors. Lower overhead costs Instant access to comparisons Broader inventory Frictionless payment Quick, convenient delivery But this collapse goes both ways – and it can be used to the physical store’s advantage just as easily as it can be used to Amazon’s. © faberNovel 2012 ••• 5
  • With that in mind, here arefive ways for brick-and-mortar retailers to fight backagainst e-commercecompetitors and keepcustomers in their stores…
  • 1Give your staffthe answer toevery questiona customercould ask © faberNovel 2012 ••• 7
  • •••1. Give your staff the answer to every question a customer could ask Recommendation: Empower your employees with mobile tools that let them quickly and easily access information on every product in your store In online stores, answers to customers’ questions are always just a click away. By comparison, store employees often come off as knowing very little about the items they sell. Today’s brick-and-mortar stores can – and should – be just like online stores: full of all the information necessary to help customers make informed decisions. © faberNovel 2012 ••• 8
  • ••• Case Study: Urban Outfitters Urban Outfitters is currently replacing all cash registers with iPads and giving all employees an iPod Touch to create total product awareness. The devices cost 1/5 as much as traditional point-of- sale systems, and can be turned toward the customer to share information about products as well as subscribe to newsletters. “Once we make sure this iPad works... all stores will be equipped with iPod touches and iPads.” Calvin Hollinger -  CEOSource: RetailWire, CBS News © faberNovel 2012 ••• 9
  • 2Useshowroomingas an opportunityto engage thecustomer © faberNovel 2012 ••• 10
  • •••2. Use showrooming as an opportunity to engage the customer Recommendation: Give your employees the information they need to intelligently engage customers around competing offers Comparison shopping via mobile device is just that – a comparison between offers. There’s no reason your offer should not come out on top, especially with the home-field advantage. Give employees tools for engaging customers on competing offers and showing them why your offer is better in the big picture (and of course your offer does need to be better in the big picture...). © faberNovel 2012 ••• 11
  • ••• Case Study: Best Buy Best Buy, the 2011 poster child for showrooming, recently announced they were embracing it as a part of their strategy for getting business back on track. Their reasoning? Anything that brings live customers into their stores can’t be all bad. Their plan calls for converting showroomers from browsers into buyers through online price-matching incentives and better-trained employees. “Once customers are in our stores, they’re ours to lose.” Hubert Joly -  CEOSource: RetailWire, CBS News © faberNovel 2012 ••• 12
  • 3Better serveyour customerby gatheringhard data aboutwhat they want © faberNovel 2012 ••• 13
  • •••3. Better serve your customer by gathering hard data about what they want Recommendation: Build in-store analytics tools to radically improve intelligence on shoppers’ desires and behaviors Online retailers know a lot about what their customers like – because they collect data on them with every click. But the savvy physical retailer can develop even more refined analytics than websites, taking advantage of the customer’s physical presence to collect better, more nuanced data. You can then use that data to give your customers more of what they want. © faberNovel 2012 ••• 14
  • ••• Case Study: American Apparel In 2010 American Apparel began experimenting with in-store analytics with analytics startup RetailNext, which monitors movement through stores to produce up to 10,000 data points per customer They liked the solution so much that it’s now in over half of American Apparel stores – and theyre moving as fast as they can to get it into the rest. “Our role as the tech team is to... provide operations with everything they need to make an impact on conversion with minimal effort.” Stacey Shulman - CTOSource: RetailWire, CBS News © faberNovel 2012 ••• 15
  • 4Eliminate linesand let yourcustomerscheck outinstantly © faberNovel 2012 ••• 16
  • •••4. Eliminate lines and let your customers check out instantly Recommendation: Create a checkout system that lets customers complete a purchase instantly anywhere in the store Shoppers have grown used to one-click shopping from any device online. They have every right to expect similar convenience when they decide to shop offline. Eliminate the biggest source of POS friction – the cash register – and allow employees (or even customers themselves!) to swipe a card anywhere in the store. © faberNovel 2012 ••• 17
  • ••• Case Study: Walmart Wal-Mart is experimenting with a Scan & Go iPhone app that allows shoppers to scan items themselves and pay at special self-service kiosks located throughout the store. The company reports that it can save $12 million for every second it can shave off the typical checkout process. “They can change my purchasing decision right there on the spot, which has never been done before in the history of retail in a brick- and-mortar store.” Ryan Taft - OnSpot SocialSource: RetailWire, CBS News © faberNovel 2012 ••• 18
  • 5Give yourcustomersa speedy homedelivery option © faberNovel 2012 ••• 19
  • •••5. Give your customers a speedy home delivery option Recommendation: Offer courier services that leverage stores’ proximity to the customer to give better home delivery than even the web can provide Online shoppers love the convenience of having purchases delivered straight to their door. But distant distribution centers for online stores can mean long shipping times. Retail stores near residential areas can fill this missing link and beat online retailers hands-down – combining the in-store shopping experience with the convenience of immediate delivery. © faberNovel 2012 ••• 20
  • ••• Case Study: Macy’s Clothing retailer Macy’s recently partnered with eBay to try out their new courier system eBay Now. The service promises to deliver products “from your phone to your door in about an hour.” The system, which has been in beta in San Francisco for a few months, went live in New York City over the Thanksgiving holiday weekend. For a $5.00 fee, a courier will deliver your purchase directly to your home (or wherever else you need it) by car, bike or even by foot.Source: RetailWire, CBS News © faberNovel 2012 ••• 21
  • •••The future of retail is an online-offline continuum. Make it work for you. Retail will look very different in the future than it did in the past. And we are already moving rapidly towards this vision. But these changes need not be feared by brick-and-mortar retailers. Those that embrace opportunities to merge the best of online and offline retail into a seamless, unified shopping experience will come out as the top players in a new generation of retail stores. © faberNovel 2012 ••• 22
  • •••Thanks for Reading Was this helpful? Please let us know. Get in touch with us at hello@fabernovel.com In San Francisco? On December 12th, join us at our open incubation space faberNovel is an innovation PARISOMA for our event firm that helps large “Digital Interfaces for Real World Shopping.” organizations think and act like startups. Learn more at We help clients make the most of digital http://www.parisoma.com/ opportunities and emerging practices to mixer.html deliver significant impact. www.fabernovel.com facebook.com/faberNovel @faberNovel © faberNovel 2012 ••• 23