This document discusses strategies for improving revenue and brand presence through merchandising at parks and family entertainment centers. It recommends developing a merchandise line based on the park's signature, brand, themes, and characters. Successful retailing involves understanding what customers want and having traits like design creativity, customer service passion, and attention to detail. Merchandising opportunities include souvenirs, fashion, toys, and personalized products. Strategies discussed include building the brand through wearable logo merchandise, creative product design, visual merchandising, and ensuring social distancing and hygiene in retail spaces.
2. SESSION FLOW FOR TODAY
Retail in Parks Business – A Journey of Smiles from Park to Home
Branding with Merchandising
Building a Proposition – Need Analysis and Range Build
Process for Creativity to Commercial Viability
Visual Merchandising and Generating Impulse
Social Distancing in Retail
Q & A
Merchandising - Dhimant Bakshi 2
5. TRAITS FOR SUCCESSFUL
RETAILING
Designing and Creativity - Create Ideas, Designs, Manifest in
Desirable Products and Services
Science and Mathematics – Consumer Behaviour, Quality
Products and Inventory Management, Ability to Plan Promotions
Eye for Detail – Anticipate and Respond on Changing Dynamics
Passion for Customer Service - Delight customers with your
Products and service day in day out tirelessly with a smile
Merchandising - Dhimant Bakshi 5
9. WHY RETAIL ??
Revenue segment with Opportunity to Penetrate your brand
Potential to earn 5 – 10 % overall Revenues – Proof of Concept is
available in Indian Park from Own developed Products (Does not
include Third party / vendor managed categories )
Some Global Parks have almost 25% share in Retail with Wide IP
and Categories
Inventory Investments need not be high if Product Mix is chosen
appropriately
Guests visiting our Parks and FECs are on high Emotions , Dwell
time and more often than not , Willingness to spend - Perfect
opportunity to tap
Merchandising - Dhimant Bakshi 9
10. RETAIL REVENUE SEGMENTS
@ PARKS
Merchandise – Popular Categories - Souvenirs, Fashionwear ,
General Merchandise, Toys , School Essentials, Swimwear,
Utility , Innovation, Quirky and fun oriented
These are based on a) Signature ; b) Brand ; c) Thematic ; d)
Characters; e) Topical
1. Park Merchandise line
2. Services and Experiences – Parkwide Games and Activities
3. Photos and Motionbased Imaging - Drive Memories
4. Personalised Products
Merchandising - Dhimant Bakshi 10
14. JOURNEY OF SMILES –
BEYOND PARK
Park Atmosphere - High Energy and Fun --> LIfetime
Memories and Quality Time with your dear ones , High
Intent to spend
High Energy is most appropriate for Shopping therapy
coupled with Planned Visual merchandising and Aesthetic
Displays
Offer Opportunities to increase Dwell time n Spends
through Fun Activities and exciting merchandise
Merchandising - Dhimant Bakshi 14
16. BRANDING WITH
MERCHANDISING
Brand Logo – Attractive , Adaptable and wearable (Look
beyond the Creative presentation while approving the Logo )
Brand Presence - Merchandise and Packaging for Daily life
with Design led branding - Recall grows with Visibility and
Recall leads to higher revenue
Promotion and Visibility – Drive Promotions around your
branded Products and Propel Visibility
Include your brand and Products in Social Initiatives –
Participate and Make a Difference !
Merchandising - Dhimant Bakshi 16
17. Brand Line Examples
1. Tees
2. Caps
3. Keychains
4. Bottles and Sippers
5. Mugs
6. Fridge Magnets
7. Bags
………………………
Imagine all the
merchandise you buy is
your potential list …
Merchandising - Dhimant Bakshi 17
18. CREATE PROPOSITION- NEED
ANALYSIS
Visualise Customer Behaviour and Movement flow - Enlist
opportunities for Revenue Generation
Identify and Define Product Portfolio based on your Location
and Seasons
Based on the Type of Park Identity – Core Products
Benchmark Pricing based on your park profile and Peak
Seasons
Merchandising - Dhimant Bakshi 18
19. CREATE PROPOSITION-
RANGE BUILD
Identify Vendors for ability to Create Quality Products
with on time Delivery
Build Inhouse / Outsource capability of Designing
Create a Business Plan and Invest in Inventory – Define
Measurement parameters and tranche your investments
Plan a Plannogram to make visual Representation of your
Range – Check Colour Blocking , Depth and Visual Impact
Merchandising - Dhimant Bakshi 19
20. Don’t buy what you like, Buy what your customers would like to buy
Merchandising - Dhimant Bakshi 20
Prepare a
Written Design
Brief for
Creative team
Brainstorming session
build upon Consumer
Insights
Designers to
Manifest Brief
into Designs /
Graphics
Shortlist Designs
/ Graphics based
on healthy debate
Display Products
as per
planogram and
Begin Sales
Review Sample /
Prototype – Carry out
User Trials and
incorporate Changes if
Any
Initiate
Sampling /
Prototyping of
shortlisted
Designs
Based on Defined
parameters Review
performance and
decide Repeat
Define performance measures such as
a) Sell Thru %, b) Sales/Stock Ratio , c) Sales / Sft and d) Margin / Sft
21. VISUAL MERCHANDISING
AND GENERATE IMPULSE
Layout of stores should be planned with consumer journey in
mind
Create Colour Blocked Displays and present in Depth for Impact
Fixtures should be Display friendly and modular in nature
Create Focal point where you want customers to get drawn to
Kids friendly fixtures for generating Kidfluence
Merchandising - Dhimant Bakshi 21
24. SOCIAL DISTANCING AND
HYGIENE
Rented items like swimwear are a huge concern and should be
avoided for hygiene reasons – offer Products for sale that are
affordable and can be easily Reused by guests
Jackets and Footwear in Snowparks need to be stocked up and
segregated to demonstrate highest standard of hygiene .
Products leading to Trials should be minimised for first few
months
Measurement charts should be well displayed for Apparel
categories to reduce user trials
Symbol driven signages to be created for guests for easy
understanding
Merchandising - Dhimant Bakshi 24
25. SOCIAL DISTANCING AND
HYGIENE
Stocking should be maintained on low /Mid Density and have
more unopened product for assuring hygeine
Contactless payments and Transaction approach -
Floor Signages can be used at cash tills for queue
management and to maintain distance
Wherever possible, Scanners can face the customers and
scanning can be done by the guests by themselves
Carrybags to be provided in self help dispensing format and
thus entire transaction can be made contact less
Exchange policy need to be reviewed and address
contamination issues and maintain Customer Confidence
Merchandising - Dhimant Bakshi 25