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OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
OmniChannel Retail Best Practices for Brands and Retailers
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OmniChannel Retail Best Practices for Brands and Retailers

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This research work provides retailers practical insights, real-world strategies, solutions, and recommendations to improve customer experience, increase business results and maintain competitive …

This research work provides retailers practical insights, real-world strategies, solutions, and recommendations to improve customer experience, increase business results and maintain competitive advantage in the retail industry.

CONTENTS
1. Why and what is OmniChannel Retail?
2. What are the consumer behaviours?
3. Who are the Best-in-Class OmniChannel Retailers?
4. What are the OmniChannel Challenges in France?
5. What are the OmniChannel Best Practices?
6. How to deal with Showroomers?
7. How to be successful in implementing OmniChannel?

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  • 34-49 yrs old: Generation X
    Tech savvy, disloyal to brands, price conscious, multicultural, like initiatives that are useful and practical.

    18-33 yrs old: Generation Y or The Millennials
    They want speed, choice, customization, scrutiny, integrity, collaboration, entertainment, and innovation. They’re very “social”; not afraid to post publicly what they think.
  • 41èmes Journées Annuelles de l’IFM (Institut Français du Mer. 26-27-28 nov 2013, CNIT. Cross-canal dans le retail, où en sont vraiment les enseignes? 166 enseignes dans 16 pays, 132 dirigeants interviewés.
  • Écarts de prix entre différents canaux
    Retour en magasin des produits achetés online
    Validité multicanal de la carte de fidélité
  • Tesco, top 3 Global Retailer ranked by 2013 Deloitte report of the 250 largest retailers around the world for fiscal 2011 Deloitte LLP “Global Powers of Retailing 2013 Retail Beyond”
  • Tesco, top 3 Global Retailer ranked by 2013 Deloitte report of the 250 largest retailers around the world for fiscal 2011 Deloitte LLP “Global Powers of Retailing 2013 Retail Beyond”
  • Tesco, top 3 Global Retailer ranked by 2013 Deloitte report of the 250 largest retailers around the world for fiscal 2011 Deloitte LLP “Global Powers of Retailing 2013 Retail Beyond”
  • Tesco, top 3 Global Retailer ranked by 2013 Deloitte report of the 250 largest retailers around the world for fiscal 2011 Deloitte LLP “Global Powers of Retailing 2013 Retail Beyond”
  • Tesco, top 3 Global Retailer ranked by 2013 Deloitte report of the 250 largest retailers around the world for fiscal 2011 Deloitte LLP “Global Powers of Retailing 2013 Retail Beyond”
  • Tesco, top 3 Global Retailer ranked by 2013 Deloitte report of the 250 largest retailers around the world for fiscal 2011 Deloitte LLP “Global Powers of Retailing 2013 Retail Beyond”
  • The data below was provided by AddShoppers, utilizing proprietary social commerce platform called Social Apps which includes Smart Sharing Buttons, Social Analytics, and ROI Tracking. AddShoppers embed tracking codes on over 10,000 retailers’ websites worldwide to determine whether sales revenue can be attributed to a referral from a social media site.
  • Walmart has 100,024 monthly active users, far more than the sector’s average of 1,022
  • Blog/Microblogs – WordPress, Blogger, Tumblr, etc.
    Business – Linkedin, Viadeo, Plaxo, etc.
    Comments – Disqus, livefyre, dis.cuss.it, etc.
    Content/Documents – Scribd, SlideShare, Prezi, etc.
    Crowd Wisdom – Reddit, Digg, Storify, etc.
    Discussion & Forums – Facebook, Linqia, 4chan, etc.
    Enterprise – Yammer, Telligent, Chatter, etc.
    Events – Eventbrite, Zvents, Meetup, etc.
    Influence – TweetLevel, Klout, PeerIndex, etc.
    Location – Foursquare, Sonar, Dopplr, etc.
    Livecasting – Livestream, Stickam, qik, etc.
    Music – Pandora, SoundCloud, Shazam, etc.
    Nicheworking – Miso, GetGlue, Wiser.org, etc.
    Pictures – Instagram, Flickr, Shutterfly, etc.
    Quantified Self – Nike+, RunKeeper, Jawbone, etc.
    Q&A – Answers.com, Yahoo! Answers, Wiki Answers, etc.
    Reviews & Ratings – Yelp, Amazon, Epinions, etc.
    Service Networking – DesignCrowd, 99designs, Taskrabbit, etc.
    Social Bookmarks – Evernote, Diigo, Pearltrees, etc.
    Social Commerce – Bazaarvoice, Shopkick, Livingsocial, etc.
    Social Curation – Pinterest, ScoopIt!, Paper.li, Feedly, etc.
    Social Marketplace – Groupon, Kickstarter, Copious, etc.
    Social Networks – Facebook, Google+, MySpace, etc.
    Social Streams – Twitter, Pheed, Echo, etc.
    Video – YouTube, DailyMotion, Vimeo, etc.
    Wiki – Wikispaces, TWiki, Wikia, etc.
  • Blog/Microblogs – WordPress, Blogger, Tumblr, etc.
    Business – Linkedin, Viadeo, Plaxo, etc.
    Comments – Disqus, livefyre, dis.cuss.it, etc.
    Content/Documents – Scribd, SlideShare, Prezi, etc.
    Crowd Wisdom – Reddit, Digg, Storify, etc.
    Discussion & Forums – Facebook, Linqia, 4chan, etc.
    Enterprise – Yammer, Telligent, Chatter, etc.
    Events – Eventbrite, Zvents, Meetup, etc.
    Influence – TweetLevel, Klout, PeerIndex, etc.
    Location – Foursquare, Sonar, Dopplr, etc.
    Livecasting – Livestream, Stickam, qik, etc.
    Music – Pandora, SoundCloud, Shazam, etc.
    Nicheworking – Miso, GetGlue, Wiser.org, etc.
    Pictures – Instagram, Flickr, Shutterfly, etc.
    Quantified Self – Nike+, RunKeeper, Jawbone, etc.
    Q&A – Answers.com, Yahoo! Answers, Wiki Answers, etc.
    Reviews & Ratings – Yelp, Amazon, Epinions, etc.
    Service Networking – DesignCrowd, 99designs, Taskrabbit, etc.
    Social Bookmarks – Evernote, Diigo, Pearltrees, etc.
    Social Commerce – Bazaarvoice, Shopkick, Livingsocial, etc.
    Social Curation – Pinterest, ScoopIt!, Paper.li, Feedly, etc.
    Social Marketplace – Groupon, Kickstarter, Copious, etc.
    Social Networks – Facebook, Google+, MySpace, etc.
    Social Streams – Twitter, Pheed, Echo, etc.
    Video – YouTube, DailyMotion, Vimeo, etc.
    Wiki – Wikispaces, TWiki, Wikia, etc.
  • The data below was provided by AddShoppers, utilizing proprietary social commerce platform called Social Apps which includes Smart Sharing Buttons, Social Analytics, and ROI Tracking. AddShoppers embed tracking codes on over 10,000 retailers’ websites worldwide to determine whether sales revenue can be attributed to a referral from a social media site.
  • Transcript

    • 1. OmniChannelRetailBestPractices©StephanyGochuico-16June2014 OmniChannel Retail Best Practices For BRANDS and RETAILERS ©StephanyGochuico @stephgo77 1
    • 2. OmniChannelRetailBestPractices©StephanyGochuico-16June2014 2
    • 3. 3 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Contents 1. Why and what is OmniChannel Retail? 2. What are the consumer behaviours? 3. Who are the Best-in-Class OmniChannel Retailers? 4. What are the OmniChannel Challenges in France? 5. What are the OmniChannel Best Practices? 6. How to deal with Showroomers? 7. How to be successful in implementing OmniChannel?
    • 4. 1 Why and what is OmniChannel Retail? 4 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 5. OmniChannelRetailBestPractices©StephanyGochuico-16June2014 5
    • 6. OmniChannelRetailBestPractices©StephanyGochuico-16June2014 6 Why OmniChannel? BECAUSECONSUMERSARE So Lo Mo SOCIAL LOCAL MOBILE
    • 7. What is OmniChannelRetail? OmniChannelRetailBestPractices©StephanyGochuico-16June2014 7 Photo Courtesy: National Retail Federation “Mobile Retail Initiative”, 2011
    • 8. Multi-Channel 8 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: C. Wonder, Balance Internet, Fit for Commerce - imagine 2012, Magento Conference Retailers have multiple channels but they aren’t integrated.
    • 9. Cross-Channel 9 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: C. Wonder, Balance Internet, Fit for Commerce - imagine 2012, Magento Conference Starting in one channel and transacting in another.
    • 10. Omni-Channel:For customers 10 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Many Channels. Many journeys. But One Brand.
    • 11. Omni-Channel:For Retailers 11 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Single view of the customer and data.
    • 12. 2 What are the Consumer behaviours? 12 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 13. 13 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Google “The New Multi-Screen World: Understanding Cross-platform Consumer Behaviour,” August 2012, 15738 respondents
    • 14. 14 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Google “The New Multi-Screen World: Understanding Cross-platform Consumer Behaviour,” August 2012, 1611 respondents.
    • 15. 15 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Google “The New Multi-Screen World: Understanding Cross-platform Consumer Behaviour,” August 2012.
    • 16. 16 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Ipsos OTX/Google 2012 Holiday Shopping Intentions Survey, 1500 respondents.
    • 17. 17 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Ipsos OTX/Google 2012 Holiday Shopping Intentions Survey, 1500 respondents
    • 18. 18 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Forrester Research “European Technographics® Consumer Technology Online Survey”, Q4 2012
    • 19. ConsumersSpendMore in MultipleChannels 19 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Accenture European E-commerce Survey 2011, 146 European retailers from 6 retail sectors, 7 countries (France, Denmark, Germany, Italy, Poland, Spain, UK). 76%spend more
    • 20. ConsumersSpendMore in MultipleChannels 20 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: PwC “2013 Global Multi-channel Retail Survey”, 11000 respondents, 11 countries (France, Germany, The Netherlands, USA, UK, China, Switzerland, Brazil, Canada, Turkey & Russia).
    • 21. Understandingthe Multi-GenerationalConsumers 21 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Date of Birth Age in 2014 Generation Before 1946 69 and above Seniors, Traditionalists, Veterans 1947 - 1963 51 - 68 Baby Boomers 1964 - 1979 35 - 50 Generation X, GenX, Xers 1980 – 2000 13 - 34 Generation Y, GenY, Echo Boomers, Millennials
    • 22. UnderstandingtheMulti-GenerationalConsumers 22 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Experian Marketing Services “The 2013 Digital Marketer”
    • 23. GlobalConsumer Needs: Topdriversofcustomerspending 23 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: PwC “2013 Global Multi-channel Retail Survey”, 11000 respondents, 11 countries (France, Germany, The Netherlands, USA, UK, China, Switzerland, Brazil, Canada, Turkey & Russia).
    • 24. GlobalConsumer Needs Topdriversofcustomerspendingvarybycountry OmniChannelRetailBestPractices©StephanyGochuico-16June2014 24 Source: PwC “2013 Global Multi-channel Retail Survey”, 11000 respondents, 11 countries (France, Germany, The Netherlands, USA, UK, China, Switzerland, Brazil, Canada, Turkey & Russia).
    • 25. 3 Who are the Best-in-Class OmniChannel Retailers? 25 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 26. OmniChannelBest-in-ClassRetailers(US) OmniChannelRetailBestPractices©StephanyGochuico-16June2014 26 Source: Retail Info Systems “OmniChannel Readiness,” October 2013 #1 Apple & Nordstrom 45.8% | #2 Macy’s 37.5% | #3 Walmart 33.3% | #4 Target & Best Buy 20.8%
    • 27. OmniChannelBest-in-ClassRetailers(UK) OmniChannelRetailBestPractices©StephanyGochuico-16June2014 27 Source: Webcredible UK “Omni-Channel Customer Experience,” November 2012 #1 Burberry | #2 Waterstones | #3 Debenhams | #4 Topshop | #5 Harrods #6 John Lewis | #7 Marks & Spencer | #8 Boots | #9 Next | #10 Ted Baker
    • 28. OmniChannelBest-in-ClassRetailers(Global) OmniChannelRetailBestPractices©StephanyGochuico-16June2014 28 Source: Ebeltoft Group “Global Cross Channel Retailing Report, The (Un)connected Store,” 2012 COUNTRY RETAILER CATEGORY Australia Dick Smith Electrical goods Brazil Saraiva Electrical goods Canada Best Buy Electrical goods Chile Falabela General China Suning Electrical goods Denmark YouHeShe Fashion France FNAC Electrical goods Germany Conrad Electrical goods Italy Marco Polo Electrical goods Portugal Continente General Romania Domo Electrical goods Singapore Traceyeinny Fashion Spain El Corte Ingles General Switzerland Interdiscount Electrical goods Turkey Teknosa Electrical goods UK Debenhams General USA Walmart General
    • 29. GlobalBenchmarkof OmniChannelPractices OmniChannelRetailBestPractices©StephanyGochuico-16June2014 29 Source: Dia-Mart Consulting and Ebeltoft Group, November 2013
    • 30. GlobalBenchmarkof OmniChannelPractices OmniChannelRetailBestPractices©StephanyGochuico-16June2014 30 Source: Dia-Mart Consulting and Ebeltoft Group, November 2013 Incredible delay of the French General Retailers! The DRIVE is a brilliant invention…. But the OmniChannel issue has to be dealt with!
    • 31. 4 What are the OmniChannel Challenges in France? 31 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 32. OmniChannel Challenges in France 1. Price difference across channels 2. Order management system 3. Inaccurate inventory information 4. OmniChannel support from C-suite 5. Lack of communication about OmniChannel 6. Loyalty programs are not OmniChannel 7. Culture shock between RETAIL and DIGITAL 8. Store associates are not OmniChannel ready OmniChannelRetailBestPractices©StephanyGochuico-16June2014 32
    • 33. OmniChannelChallengesin France 33 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 OFFLINE ONLINE MOBILE SOCIAL The HUMAN factor is the BIGGEST Challenge in OmniChannel RETAIL Operations.
    • 34. 5 What are the OmniChannel Best Practices? 34 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 35. 35 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 36. OmniRetailMatrix1: Strategy 36 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 37. Strategy:Customer 37 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 “There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else. ” -Sam Walton, Founder of Wal-Mart Stores Inc. Walmart is present in 27 countries, total 10,942 retail units (4,203 in the US). Retailers must be Customer-Centric.
    • 38. Strategy:TransversalOrganization 38 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Get Executive Buy-In and Evangelize OmniChannel
    • 39. Strategy:TransversalOrganization 39 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Appoint an OmniChannel Director Hired Karen Dracou, ex-OmniChannel Director of John Lewis to head Tesco’s multi-channel team. Hired Burberry CEO Angelo Ahrendts to head Apple’s retail and online stores, joins Apple in the spring 2014. Hired Robert B. Harrison to be Chief OmniChannel Officer to oversee the integration of store, online and mobile operations.
    • 40. Strategy:TransversalOrganization 40 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Equip all employees with OmniChannel strategy Source: Retail TouchPoints Survey 2012 Increase investments in Mobile Technology 36.7%, Product Merchandising 36.7%, Employee Training 34.7%.
    • 41. Strategy:DevelopDigital Channels 41 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 42. Datamust becentralizedon a singleplatform. 42 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 #1 Customers #2 Products #3 Inventory
    • 43. InventoryChallenges 43 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: RSR Research, July 2012. Retailers with presence in the USA, Canada, Latin America, UK, Europe, Middle East, Africa & Asia Pacific.
    • 44. Strategy:ObtainReal-timeInventoryVisibility 44 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Skyetek The Solution: Item-Level RFID Inventory is so much faster, more accurate, & long-term cost-effective solution
    • 45. Strategy:ObtainReal-timeInventoryVisibility 45 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Weidenhammer The Solution: Item-Level RFID
    • 46. Strategy:ObtainReal-timeInventoryVisibility 46 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Retailers using Item-Level RFIDs
    • 47. Strategy:OptimizeOrderFulfillmentOperations OmniChannelRetailBestPractices©StephanyGochuico-16June2014 47 Situation from Best-in-Class OmniChannel Retailers
    • 48. Strategy:OptimizeOrderFulfillmentOperations OmniChannelRetailBestPractices©StephanyGochuico-16June2014 48 RETAIL DISTRIBUTION CENTER E-COMMERCE/MOBILE DISTRIBUTION CENTER Situation in France…
    • 49. Strategy:OptimizeOrderFulfillmentOperations OmniChannelRetailBestPractices©StephanyGochuico-16June2014 49 RETAIL DISTRIBUTION CENTER E-COMMERCE/MOBILE DISTRIBUTION CENTER The Solution: Ship from Anywhere SHIP FROM STORE
    • 50. Strategy:OptimizeOrderFulfillmentOperations OmniChannelRetailBestPractices©StephanyGochuico-16June2014 50 The Solution: Ship from Store versus >50 km distance 0-5 km distance E-COMMERCE/MOBILE DISTRIBUTION CENTER
    • 51. Strategy:OptimizeOrderFulfillmentOperations OmniChannelRetailBestPractices©StephanyGochuico-16June2014 51 The Solution: Ship from Store 1. Setup Distributed Order Management (DOM) technology 2. Setup Miniature Warehouse Management Systems (WMS). Stores become a mini distribution center for online orders. 3. Train all store associates for their “new” role.
    • 52. Strategy:LoyaltyPrograms OmniChannelRetailBestPractices©StephanyGochuico-16June2014 52 Provide customers with Coupons, Loyalty Points, Loyalty Vouchers, Promotions, Instant rewards, … *Source: Deloitte National Research Survey and Loyalogy “Loyalty Plus Research Study” Jan 2013 88% of businesses with loyalty programs are more profitable than their competitors who do not use this solution.*
    • 53. How to have360° Customer Insight? 53 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Alexis Lecanuet of Accenture
    • 54. Strategy:LoyaltyPrograms OmniChannelRetailBestPractices©StephanyGochuico-16June2014 54 HIGH Employee Engagement = INCREASED Customer Loyalty Source: Demand Metric Benchmark Report “Employee Engagement: Revenue Growth Strategy for 2014” Dec 2013
    • 55. OmniRetailSalesIncentive 55 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 56. OmniRetailReturns Management 56 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 57. Strategy:OmniChannelCampaigns OmniChannelRetailBestPractices©StephanyGochuico-16June2014 57 Source: Maxxing
    • 58. OmniRetailMatrix2: Channels 58 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 59. Channel: Webstore 59 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 • Webstore = Online Store = E-Commerce Site • Choice of a reliable E-Commerce platform is very important!
    • 60. Channel: Webstore 60 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: NBS System “Benchmark of E-Commerce Solutions” June 2013 Use E-Commerce platforms with OmniChannel Capability Sales > €15M > €15M > €150M > €15M > €15M <€1.5M<€15M
    • 61. SocialCommerce 61 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: AddShoppers / Graph Courtesy: BI Intelligence Social Apps tracks websites to determine sales revenue generated from social media sites.
    • 62. SocialCommerce 62 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Unmetric “Social Media Shakedown of Top Brands“ April 2013
    • 63. 63 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: conversationprism.com Are Facebook,Twitter,Pinterest,et al. the only ones who can impact retailer’ssales revenue? Check out THE CONVERSATIONPRISM.
    • 64. 64 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: conversationprism.com
    • 65. SocialCommerce If you make customers unhappy in the physical world, they might each tell 6 friends. If you make customers unhappy on the Internet, they can each tell 6,000 friends. -Jeff Bezos, CEO of Amazon 65 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 “
    • 66. MobileCommerce Ecosystem 66 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 ©Stephany Gochuico
    • 67. OmniRetailMatrix3: Technology 67 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 68. OmniChannelStrategy 68 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Retailers must work with a System Integrator
    • 69. 6 How to deal with Showroomers? 69 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 70. How to deal with Showroomers? 70 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 • Price matching strategy • Exclusivity of brands • Customers want a personalized experience*  55% want their retailer to use prior purchasing to offer new promotions  43% want their prior purchases to result in new product recommendations  43% want their retailers to invite them to events  36% want their retailers to involve them in new product ideas. • Consumers are interested in new retail concepts that improve the shopping experience* *Source: IBM Institute for Business Value, May 2013, surveyed 26,737 shoppers in 14 countries (Japan, Australia, China, Italy, United Kingdom, United States, Brazil, France, Canada, Mexico, Spain, Chile, Germany and India).
    • 71. How to deal with Showroomers? Customerswanta personalizedexperience 71 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Source: Capgemini Consulting “Digital Shopper Relevancy,” July 2012, 16000 respondents, 16 countries (Australia, Brazil, Canada, China, Finland, France, Germany, India, Italy, Mexico, Russia, Spain, Sweden, Turkey, UK, USA).
    • 72. How to deal with Showroomers? 72 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 Develop Personalized OmniChannel Capabilities Source: RIS News Custom Research “OmniChannel Readiness”, October 2013
    • 73. 7 How to be successful in implementing OmniChannel? 73 OmniChannelRetailBestPractices©StephanyGochuico-16June2014
    • 74. Give100%attentionto eachelementin OmniRetailMatrix1:Strategy OmniChannelRetailBestPractices©StephanyGochuico-16June2014 74
    • 75. OmniRetailStatus123™ 75 OmniChannelRetailBestPractices©StephanyGochuico-16June2014 OmniRetail Status123™ will enable retailers to assess their own OmniChannel status, and consider the next steps in order to achieve greater efficiency, enhance the customer experience, and expand retail business to the fullest extent. STATUS 1. CUSTOMER The secret of successful omnichannel retail business is to give customers what they want. The customer must be at the heart of business. 1 Have a centralized customer data (name, address, telephone number, birth date, …) 1 2 Know which channel each customer prefers to use - Store, Web, Mobile, Social 1 3 Know the customer’s purchase history 1 … … 116 Have one Channel Manager specializing in each channel’s technology 1 117 Technology solutions accompany the business unit but not vice versa. 1 TOTAL SCORE OUT OF 117: 117
    • 76. OmniRetailDifferentiators 1. Customer service 2. Customer experience 3. Employee Engagement leads to Customer Loyalty 4. K.I.S.S. Principle 5. Innovation at All Times OmniChannelRetailBestPractices©StephanyGochuico-16June2014 76
    • 77. OmniRetailDifferentiator Customerservice OmniChannelRetailBestPractices©StephanyGochuico-16June2014 77 The best customer service is if the customer doesn’t need to call you, doesn’t need to talk to you. It just works.” -Jeff Bezos, CEO of Amazon “
    • 78. OmniRetailDifferentiator Customerservice OmniChannelRetailBestPractices©StephanyGochuico-16June2014 78 Lousy Customer Service Costs UK Businesses £12 Billion a Year.” -Our Social Times, 29 May 2013 “
    • 79. OmniRetailDifferentiator Customerexperience OmniChannelRetailBestPractices©StephanyGochuico-16June2014 79 You’ve got to start with the customer experience and work back toward the technology – not the other way around.” -Steve Jobs at the World Wide Developers Conference in May 1997 “
    • 80. OmniRetailDifferentiator Customerexperience OmniChannelRetailBestPractices©StephanyGochuico-16June2014 80
    • 81. OmniRetailDifferentiator Customerloyalty OmniChannelRetailBestPractices©StephanyGochuico-16June2014 81 Loyal customers, they don’t just come back, they don’t simply recommend you, they insist that their friends do business with you.” -Chip Bell, Founder of Chip Bell Group “
    • 82. OmniRetailDifferentiator OmniChannelRetailBestPractices©StephanyGochuico-16June2014 82 That’s been one of my mantras — focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” -Steve Jobs “ KISS = Keep It Simple, Stupid.
    • 83. OmniRetailDifferentiator OmniChannelRetailBestPractices©StephanyGochuico-16June2014 83 Products don’t kill business but failure to adapt quickly to a new ecosystem does.” -Stephany Gochuico “ Innovation at all times.
    • 84. OmniChannelRetailBestPractices©StephanyGochuico-16June2014 84 OmniChannel:expensive,long,difficult,energyconsuming. Inevitable…
    • 85. Retailersestimatethey lose$65M (€47M)for every billion dollars(€721M) in revenue due to a lack of OmniChannel readiness.” OmniChannelRetailBestPractices©StephanyGochuico-16June2014 85 Source: Retail Info Systems “OmniChannel Readiness,” October 2013 “
    • 86. Thankyou foryourattention. Pleasedropme alinewithyourfeedbackorquestions. Stephany GOCHUICO (Looking for a new challenge in the digital/high-tech sector) Twitter: @stephgo77 E-mail: stephgo@rocketmail.com LinkedIn: www.linkedin.com/in/stephanygochuico Blog: www.omniretail-experts.com 86 OmniChannelRetailBestPractices©StephanyGochuico-16June2014

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