Digital Strategy For Retail: Omnichannel (The Hive Think Tank)

1. 1© iVentures Consulting 2014 eShopper Index ®eShopper Index Digital strategy for retail: OmniChannel ® May 7th, 2014 #hivedata @cbiget @iventuresC

2. 2© iVentures Consulting 2014 eShopper Index ® About us §  iVentures Consulting is a management consulting firm dedicated to digital strategy, founded in 2005 and based in Paris and San Francisco §  iVentures Consulting mainly works in the Fashion, Luxury, Cosmetics, Retail, Travel, Media & Entertainment sectors Digital Business strategy §  Omnichannel and digital strategy diagnosis and definition §  Organization, business planning and road map §  Business intelligence §  Support to implementation Digital skill development of top managers and executives §  Training §  Digital academy §  Learning expeditions §  Reverse mentoring … eShopper Index §  Ranking & Analysis of leading companies’’ E- Commerce performances all along the customer journey

3. 3© iVentures Consulting 2014 eShopper Index ® Today, the question is not to know WHERE customers buy but HOW they buy IN THE PAST Physical retail and E-Commerce were two distinct experiences TODAY Retail 2.0: a unique & fluid customer experience without breaches

4. 4© iVentures Consulting 2014 eShopper Index ® What is eShopper Index? §  The only International Index to: ü  analyze & rank leading companies’ E-Commerce performances all along the customer journey ü  cover 13 sub-steps of the customer journey through over 250 criteria ü  allow cross sector comparisons through over 130 companies in 11 sectors all over the world Website Mobile Social platforms Customer services CRM OmniChannel

5. 5© iVentures Consulting 2014 eShopper Index ® 2014 eShopper Index 13 sub-steps measured OmniChannel Before purchase SEO/ SEM Social Media Mobile User Interface Product Page During purchase Sales Funnel Customer Service Newsletter After purchase Communication emails Customer AccountDelivery & Package Return & Refund

6. 6© iVentures Consulting 2014 eShopper Index ® Overall Ranking of the 130 analyzed companies 1 Zalando 28 Walmart 55 Thierry Mugler 82 Nocibe 109YSL 2 Zappos 29 Nike 56 Zara 83 Michael Kors 110Columbia 3 Amazon 30 Macy's 57 Benefit Cosmetics 84 Ruelala 111Nespresso 4 Net A Porter 31 Barnes & Noble 58 Louis Vuitton 85 Guerlain 112Boulanger 5 Gap 32 Yoox 59 Coach 86 Baccarat 113Sainsbury's 6 Lacoste 33 Burberry 60 Eveil & Jeux 87 Hermes 114Fresh 7 Fab 34 Estée Lauder 61 Otto 88 Neiman Marcus 115Safeway 8 Nordstrom 35 Mytheresa 62 Farfetch 89 SFR 116Guess 9 Marks & Spencer 36 Gilt 63 Nasty Gal 90 DKNY 117Dior Parfums 10 Ralph Lauren 37 Levi's 64 Toys"R"us 91 Next 118Homebase 11 Target 38 Justfab 65 Calvin Klein 92 Longchamp 119Giorgio Armani 12 Sephora 39 Chanel 66 Apple 93 Neutrogena 120Bouygues Telecom 13 Kate Spade 40 Hugo Boss 67 Saks Fifth Avenue 94 Gucci 121Orange 14 Harrods 41 Tesco 68 Shopbop 95 Marionnaud 1223 Suisses 15 Clinique 42 Décathlon 69 Reebok 96 Dell 123Dolce & Gabbana 16 Sarenza 43 Createurs de Beaute 70 Tommy Hilfiger 97 Argos 124AT&T 17 Bloomingdale’s 44 Bruneau 71 L'Oréal Paris 98 J. Crew 125Sprint 18 John Lewis 45 Bonobos 72 Best Buy 99 Nine West 126Prada 19 La Redoute 46 Yves Rocher 73 Pixmania 100 Carphone Warehouse127Vodafone 20 Fnac 47 Avon 74 Staples 101 Swarovski 128T-Mobile 21 Tory Burch 48 Puma 75 Topshop 102 Lancome 129Ikea 22 Clarins 49 Selfridges 76 Esprit 103 Office Depot 130O2 23 Auchan 50 Tiffany & Co. 77 American Apparel 104 Very 24 Adidas 51 Celio 78 Barneys 105 VentePrivee 25 Sears 52 Mac 79 Costco 106 Quicksilver 26 Asos 53 Marc Jacobs 80 Vestiaire Collective 107 Carrefour 27 H&M 54 Darty 81 Moda Operandi 108 Verizon

7. 7© iVentures Consulting 2014 eShopper Index ® Executive summary What the Top 20 says §  The best bricks & clicks have caught up and even surpassed the pure players: ü  75% of the top 20, and 79% of all analyzed companies TOP 20 1 11 2 12 3 13 4 14 5 15 6 16 7 17 8 18 9 19 10 20 §  The performance of European companies is neither better nor worse than that of American companies §  The Fashion sector emerges as the winner followed by the Multi-sector players ü  Fashion: 50% of the Top 20 for 31% of all analyzed companies ü  Only 1 company in luxury and 2 in perfume and cosmetics ü  Multi-sector: 25% of the top 20 for only 10% of analyzed companies

8. 8© iVentures Consulting 2014 eShopper Index ® OmniChannel ranking OmniChannel Top 10 1 2 3 4 5 6 7 8 9 10 §  50% are European, 50% American §  80% are retailers/ 20% are brands §  60% are in Consumer Electronics and multi-sector

9. 9© iVentures Consulting 2014 eShopper Index ® OMNICHANNEL Key figures 69% 31% % of players with stores or showrooms that set up at least one OmniChannel service* Minimum one main omnichannel service No omnichanel services * At least Pick-up in store or Return in store or Connected device(s) in store

10. 10© iVentures Consulting 2014 eShopper Index ® OMNICHANNEL Key figures 0% 20% 40% 60% 54% 40% 36% 36% 25% 20% 18% 6% 3% Main OmniChannel services implemented

11. 11© iVentures Consulting 2014 eShopper Index ® OMNICHANNEL Key figures 0% 10% 20% 30% 40% 50% 60% 70% 63% 30% 37% 36% 26% 23% 17% 13% 2% 46% 48% 36% 36% 25% 17% 18% 0% 4% Main OmniChannel services implemented by region USA EUROPE

12. 12© iVentures Consulting 2014 eShopper Index ® 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 100% 75% 32% 83% 50% 16% 67% 100% 8% 14% 50% 40% 80% 100% 64% 67% 100% 37% 89% 67% 33% 29% 20% 54% Pick up in store vs Return in store by sector Pick up in store Return in store OMNICHANNEL Key figures

13. 13© iVentures Consulting 2014 eShopper Index ® OMNICHANNEL Observations, Benefits and Recommendations Observations: §  Companies with physical and online presence should implement a clear OmniChanel strategy all along eShopper journey to leverage their presence and benefit from competitive advantages §  OmniChanel strategy will benefit to both the eStore and physical stores through driving traffic, increase frequency of contact, and maximise customer intimacy §  The challenge is to implement the process and train sales staff to respond to customer expectation by providing digital experience Benefits: §  Increase quality of the customer experience §  Give new reason to go to stores §  Increase sales §  Differentiate from other brands §  Build customer loyalty BASICS §  Buy online and pick up products in store §  Exchange or return products in store §  Check products availability in physical store from website §  Scan barcodes and QR Codes for more information about product (Product Page, comments,..) §  Localize the nearest store from mobile app DIFFERENCIATORS §  Book an appointment in store from the site or mobile for advices §  Reserve product through website to pick up in physical store (without purchase) §  Find coupons and deals on the website/social pages to use in physical store §  Use tablet in store to customize product from website §  Use tablet in store to browse catalogue and order product for a delivery at home §  Use the mobile application in store for calling a sales staff, checking availability of product,.. §  Receive deals when near to the store through mobile application §  Localize the nearest store from mobile app GOODIES §  Call Customer Service from mobile app §  Try product in store through an interactive mirror (Fashion)

14. 14© iVentures Consulting 2014 eShopper Index ® MACY’S RICH AND COMPLETE OMNICHANNEL EXPERIENCE Online experience §  Check the availability of product in physical store §  Book an appointment for exclusive advices §  Coupons available online and in-store In-store experience §  Pick up a product ordered online §  Return a product ordered online §  Scan barcodes and QR codes for more information about products or promotions §  Use the mobile application in store for deals and promotions §  Use tablets in store to check availability of products (with sales staff) OMNICHANNEL Best Practices

15. 15© iVentures Consulting 2014 eShopper Index ® OMNICHANNEL Best Practices DARTY DIGITAL SHOPPING EXPERIENCE IN STORE Online experience §  Check the availability of product in physical store In-store experience §  Scan a product in store for more information through mobile app (bar code and QR code) §  Pick up a product ordered online (4hrs after purchase) §  Return a product ordered online §  Free wi-fi to avoid 3G/4G issues with mobile §  Use the touch screen in store to browse products or to call someone from the sales staff for help §  Call the After sales service for help from the mobile app

16. 16© iVentures Consulting 2014 eShopper Index ® OMNICHANNEL Best Practices BURBERRY IMMERSIVE BRAND EXPERIENCE COMBINING THE BEST OF ONLINE & OFFLINE ENVIRONNEMENT Combination of online and offline environments: Burberry.com and Burberry’s stores Online experience §  Possibility to book an appointment for shopping advice In-store experience (London flagship) §  Presence of personalized screens through interactive mirrors. §  Possibility to manipulate reality by experiencing products physically and virtually at the same time §  Shop through a connected tablet with sales staff help §  Watch through tablet how each product is made §  Presence of a digital wall pulsating with content, alternating between live runway feeds, audiovisual content, mirrors and ads

17. 17© iVentures Consulting 2014 eShopper Index ® JOHN LEWIS VIRTUAL SHOPPING AND MIRROR FOR A NEW EXPERIENCE Possibility to: §  Try products through virtual mirrors. Customers can create complete outfits selected from johnlewis.com. This makes the shopping experience more enjoyable by letting customers see how they look without getting undressed §  Purchase by scanning QR codes of products displayed on the shop window and buy these from the mobile website OMNICHANNEL Best Practices

18. 18© iVentures Consulting 2014 eShopper Index ® TOPSHOP ONLINE AND OFFLINE OMNICHANNEL EXPERIENCE Online experience §  Book a free appointment with a stylist in store In-store experience §  Pick up a product ordered online §  Return a product ordered online §  Scan product barcodes in store to save to Notebook, share with friends, or check stock in another store §  Scan Topshop QR codes for exclusive content OMNICHANNEL Best Practices

19. 19© iVentures Consulting 2014 eShopper Index ® OMNICHANNEL Best Practices AMERICAN APPAREL MOBILE EXPERIENCE IN STORE §  Receive deals, offers and product notifications walking into any American apparel retail store with the mobile application §  Augmented reality experience by scanning images and product barcodes around the store to see full outfits, color lines, videos, slideshows, and ways to wear then share favorites with friends §  Access to LeClub account at retail stores for a faster shopping experience, all while acquiring loyalty points

20. 20© iVentures Consulting 2014 eShopper Index ® Contacts PARIS OFFICE Christophe Biget Partner +33 1 70 08 06 60 christopheb@iventures-consulting.com @cbiget SAN FRANCISCO OFFICE Aurelia Ammour Partner +1 (415) 315-9654 aureliaa@iventures-consulting.com @aammour www.iventures-consulting.com @iventuresC

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