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Stanford University, Venture Lab
              Cheryl Korkowski
                  Assignment #2
                  October, 2012
•   Location
    • Corner of parking lot next to empty retail space
•   Signage
    • Store name on door at eye level in addition to large sign
      20’ above ground
•   Environment
    • Sterile interior with sparse product displays
    • Limited information without speaking to associate
•   Sales Associates
    • Associate:Customer Ratio 1:1
    • Overly chatty – distracted from task
    • In store rear unless interaction with tethered products is
      required
•   Encouraged customer to try products
•   3 of 5 senses engaged
    • Sight (however not exciting or inviting)
    • Touch (play with products, although not all were live)
    • Hearing (music with variety to appeal to all ages)
•   Waiting area with:
    •   Reading materials
    •   Refreshments (coffee/snacks)
    •   “Kid friendly” activities
    •   Benefit:
        •   Fewer clients leave due to wait
        •   Engage additional senses
•   Enhance “curb appeal”
    • Advertising banners
    • Balloons or other festive décor
•   Enhance product displays
    • Display monitors with product demos or answer
      FAQs without associate
    • Product marketing banners
    • Product comparisons
•   Online appointment scheduling
•   Automatic Doors
    • Invite you in as you approach
    • Greeters welcome customers at entrance
•   Curb Appear
    • Sale items displayed outside and in entrance
    • Large, easy to read “Everyday Low Price” signs
•   Environment
    • High ceiling and spacious aisles create shopper space
    • Products visually attractive
    • Significant impulse items at checkout
•   Senses Engaged – 5 of 5
    •   Sight
    •   Hearing (loud, echoing conversations)
    •   Taste (food samples)
    •   Smell (fried grease from in-store restaurant)
    •   Touch (most products available for inspection)
•   Product Purchases
    • Majority of customers make purchase
    • Sale items at entry with clear signage
    • Significant impulse purchasing
•   Registers / Checkout
    • Additional Express Checkouts
•   Environment
    • Floor staff to “clean” aisles/merchandise at
      peak periods (weekends)
    • Eliminate “frying grease” smell at entry
    • Redirect vehicle traffic from busy
      pedestrian entry
•   Increase “child appeal” of impulse
    purchases
    • Small toys & books
    • Nutritious snacks (child & parent appeal)
•   Entry
    • Store name very small at street level
    • Large sign two stories high
    • Entry greeter welcomes customers
•   Curb Appear
    • Large windows allow passing customers full view of
      merchandise
    • Colorful , attractive & coordinated displays
•   Environment
    • White floors, walls and ceilings allow colorful merchandise to
      be visual focus
    • Color grouping allow customers to orient quickly
    • Appears “popular” colors centrally located (purple, pink, blue
      and red)
•   Senses Engaged – 3 of 5
    • Sight
    • Hearing (music loud targeted to ages 15-30)
    • Touch
•   Product Purchases
    • High volume of customers make purchases
    • Sale items at rear of store
    • Some impulse purchases available
•   Engage additional senses
    • Offer perfumes or scented candles (maintain color
      theme)
•   Product Offering
    • Provide section of higher quality costume
      merchandise for more senior customers
•   Staffing Efficiency
    • Scheduling (5-6 staff to 1 customer on weekday
      evening)
•   Environment
    • Number of fitting rooms disproportionate to volume of
      clothing offered
    • Provide seating or benches in shoe sections
•   Increase “curb appeal”
    • Signage or banners near entrance to attract passing
      customers
•   Entry
    • Signage easily visible from passing customers
•   Curb Appear
    • Large windows mostly covered with displays or
      signs – little visibility to store merchandise
    • Mountain lodge entry
•   Environment
    • Wood displays
    • Muted lighting
    • Calming music
•   Senses Engaged – 3 of 5
    • Sight
    • Hearing (quiet music targeted to ages 40+)
    • Touch
•   Product Purchases
    • Appears only 50% of customers make purchases
    • Sale items near rear
    • Minimal impulse purchases available
•   Curb Appear
    • Uncover windows and provide visibility into store
•   Environment
    • Banners or signs announcing sales
•   Engage Additional Senses
    • Candles or diffusers with natural or wood scents
•   Product Marketing
    • Improved product/value marketing
•   Entry
    • Open door, fragrant exterior
    • Greeted immediately upon entry
    • Encouraged to touch/smell products
•   Curb Appear
    • Large White “Country Cottage” Entry
    • Signage easily visible from passing customers
    • Colorful display easily visible to passing traffic
•   Environment
    • White country cottage decor
    • Bright lighting
    • Calming music
•   Senses Engaged – 4 of 5
    •   Sight
    •   Hearing (quiet music)
    •   Touch
    •   Scent
•   Product Purchases
    • Impulse purchases available and offered by associates
•   Environment
    • Larger store to accommodate vast product
      choices (slightly crowded & highly fragile
      merchandise)
    • Store temperature too hot
•   Professional Staff
    • Sr. Associate very knowledgeable – more junior
      staff less enthusiastic and/or confident in
      approach
•   Entry
    • Narrow store front
•   Curb Appear
    • Great sale banners and discount signs visible
      from exterior
•   Environment
    •   Comfortable, neutral walls & floors
    •   Small store, limited merchandise
    •   Soft music very relaxing
    •   Muted lighting
•   Senses Engaged – 3 of 5
    • Sight
    • Hearing (quiet music)
    • Touch
•   Product Purchases
    • Some impulse purchases available
•   Environment
    • Expand store footprint/square footage
    • Enhance exterior “curb appeal”
•   Engaged Additional Senses
    • Smell – candles or diffusers
•   Product Purchases
    • Increase merchandise available for impulse
      purchases

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Stanford Venture Lab Assignment

  • 1. Stanford University, Venture Lab Cheryl Korkowski Assignment #2 October, 2012
  • 2. Location • Corner of parking lot next to empty retail space • Signage • Store name on door at eye level in addition to large sign 20’ above ground • Environment • Sterile interior with sparse product displays • Limited information without speaking to associate • Sales Associates • Associate:Customer Ratio 1:1 • Overly chatty – distracted from task • In store rear unless interaction with tethered products is required • Encouraged customer to try products • 3 of 5 senses engaged • Sight (however not exciting or inviting) • Touch (play with products, although not all were live) • Hearing (music with variety to appeal to all ages)
  • 3. Waiting area with: • Reading materials • Refreshments (coffee/snacks) • “Kid friendly” activities • Benefit: • Fewer clients leave due to wait • Engage additional senses • Enhance “curb appeal” • Advertising banners • Balloons or other festive décor • Enhance product displays • Display monitors with product demos or answer FAQs without associate • Product marketing banners • Product comparisons • Online appointment scheduling
  • 4. Automatic Doors • Invite you in as you approach • Greeters welcome customers at entrance • Curb Appear • Sale items displayed outside and in entrance • Large, easy to read “Everyday Low Price” signs • Environment • High ceiling and spacious aisles create shopper space • Products visually attractive • Significant impulse items at checkout • Senses Engaged – 5 of 5 • Sight • Hearing (loud, echoing conversations) • Taste (food samples) • Smell (fried grease from in-store restaurant) • Touch (most products available for inspection) • Product Purchases • Majority of customers make purchase • Sale items at entry with clear signage • Significant impulse purchasing
  • 5. Registers / Checkout • Additional Express Checkouts • Environment • Floor staff to “clean” aisles/merchandise at peak periods (weekends) • Eliminate “frying grease” smell at entry • Redirect vehicle traffic from busy pedestrian entry • Increase “child appeal” of impulse purchases • Small toys & books • Nutritious snacks (child & parent appeal)
  • 6. Entry • Store name very small at street level • Large sign two stories high • Entry greeter welcomes customers • Curb Appear • Large windows allow passing customers full view of merchandise • Colorful , attractive & coordinated displays • Environment • White floors, walls and ceilings allow colorful merchandise to be visual focus • Color grouping allow customers to orient quickly • Appears “popular” colors centrally located (purple, pink, blue and red) • Senses Engaged – 3 of 5 • Sight • Hearing (music loud targeted to ages 15-30) • Touch • Product Purchases • High volume of customers make purchases • Sale items at rear of store • Some impulse purchases available
  • 7. Engage additional senses • Offer perfumes or scented candles (maintain color theme) • Product Offering • Provide section of higher quality costume merchandise for more senior customers • Staffing Efficiency • Scheduling (5-6 staff to 1 customer on weekday evening) • Environment • Number of fitting rooms disproportionate to volume of clothing offered • Provide seating or benches in shoe sections • Increase “curb appeal” • Signage or banners near entrance to attract passing customers
  • 8. Entry • Signage easily visible from passing customers • Curb Appear • Large windows mostly covered with displays or signs – little visibility to store merchandise • Mountain lodge entry • Environment • Wood displays • Muted lighting • Calming music • Senses Engaged – 3 of 5 • Sight • Hearing (quiet music targeted to ages 40+) • Touch • Product Purchases • Appears only 50% of customers make purchases • Sale items near rear • Minimal impulse purchases available
  • 9. Curb Appear • Uncover windows and provide visibility into store • Environment • Banners or signs announcing sales • Engage Additional Senses • Candles or diffusers with natural or wood scents • Product Marketing • Improved product/value marketing
  • 10. Entry • Open door, fragrant exterior • Greeted immediately upon entry • Encouraged to touch/smell products • Curb Appear • Large White “Country Cottage” Entry • Signage easily visible from passing customers • Colorful display easily visible to passing traffic • Environment • White country cottage decor • Bright lighting • Calming music • Senses Engaged – 4 of 5 • Sight • Hearing (quiet music) • Touch • Scent • Product Purchases • Impulse purchases available and offered by associates
  • 11. Environment • Larger store to accommodate vast product choices (slightly crowded & highly fragile merchandise) • Store temperature too hot • Professional Staff • Sr. Associate very knowledgeable – more junior staff less enthusiastic and/or confident in approach
  • 12. Entry • Narrow store front • Curb Appear • Great sale banners and discount signs visible from exterior • Environment • Comfortable, neutral walls & floors • Small store, limited merchandise • Soft music very relaxing • Muted lighting • Senses Engaged – 3 of 5 • Sight • Hearing (quiet music) • Touch • Product Purchases • Some impulse purchases available
  • 13. Environment • Expand store footprint/square footage • Enhance exterior “curb appeal” • Engaged Additional Senses • Smell – candles or diffusers • Product Purchases • Increase merchandise available for impulse purchases