Customer entry is one of the more ignored topics in the retail industry. This is probably because the heads of the organistations are merchandise focused and therefore they work on merchandise for all the improvements.
The store managers are responsible for operations and therefore they have a vested interest in showing lower entry.
however, if you do not know the real customer entry of your store and the profile of the customers coming to your stores, you cannot take any corrective action either.
This presentation has come out of my real life experience in retail.
In the current economic climate, the margin between success and failure is slim, and pulling a few key levers could easily mean the difference between comp stores swinging from positive to negative. With only a few weeks before Black Friday, retailers are urged to register for this webinar to tune up their cross-channel strategies to drive more store traffic and convert more sales. The webinar will offer insights into the follow 5 areas:
1) Cross Channel Buy, Pickup In-store: Whether it is from the online channel, the mobile web or a catalog, consumers now expect the convenience of picking up that item at their local store location.
2) In-Store Save the Sale: Using in-store kiosks and mobile apps connected to the e-commerce engine, retailers are avoiding out of stocks and enabling self-service scenarios.
3) Increasing the Relevance of Associate Engagement: By providing access to wish lists, buying history and recommendations, retailers are bringing service functions traditionally found online into the store.
4) Expanding Endless Aisle Capabilities at the Store Level: The ability to capture orders for an expanded assortment of products, without having to stock the inventory in every store, is emerging as a key competitive differentiator.
5) Global Inventory Availability: Providing the ability to check inventory availability across other local stores and account for dynamic changes across systems and locations.
Leading Inventory Innovations Within Multi-Channel RetailDwight Hill
Merchandise availability continues to be one of the most important challenges within retailers today. As the customer is demanding retailers provide a consistent experience across all channels, retailers are forced to innovate and redefine how merchandise is distributed to customers in an omni-channel or digitally converging world. This presentation explores specific areas of inventory management, including planning, visibility, and how the lines are blurring between e-commerce and brick & mortar. Within are tenets that outline best practices, and a group of retailers that stand out as harbingers of the future of inventory management.
In the current economic climate, the margin between success and failure is slim, and pulling a few key levers could easily mean the difference between comp stores swinging from positive to negative. With only a few weeks before Black Friday, retailers are urged to register for this webinar to tune up their cross-channel strategies to drive more store traffic and convert more sales. The webinar will offer insights into the follow 5 areas:
1) Cross Channel Buy, Pickup In-store: Whether it is from the online channel, the mobile web or a catalog, consumers now expect the convenience of picking up that item at their local store location.
2) In-Store Save the Sale: Using in-store kiosks and mobile apps connected to the e-commerce engine, retailers are avoiding out of stocks and enabling self-service scenarios.
3) Increasing the Relevance of Associate Engagement: By providing access to wish lists, buying history and recommendations, retailers are bringing service functions traditionally found online into the store.
4) Expanding Endless Aisle Capabilities at the Store Level: The ability to capture orders for an expanded assortment of products, without having to stock the inventory in every store, is emerging as a key competitive differentiator.
5) Global Inventory Availability: Providing the ability to check inventory availability across other local stores and account for dynamic changes across systems and locations.
Leading Inventory Innovations Within Multi-Channel RetailDwight Hill
Merchandise availability continues to be one of the most important challenges within retailers today. As the customer is demanding retailers provide a consistent experience across all channels, retailers are forced to innovate and redefine how merchandise is distributed to customers in an omni-channel or digitally converging world. This presentation explores specific areas of inventory management, including planning, visibility, and how the lines are blurring between e-commerce and brick & mortar. Within are tenets that outline best practices, and a group of retailers that stand out as harbingers of the future of inventory management.
While most retailers focus on the inventory that is visible in their stores and distribution centres, too few pay attention to the hidden costs of high inventory.
Why you need a point-of-sale system to help you grow your business.Jazmin Hupp
This presentation was given by Jason Richelson, CEO & Founder of ShopKeepPOS (http://www.shopkeep.com/) at Tekserve's (http://www.tekserve.com/) event for SMB Retailers on May 29th, 2014.
Learn why your small retail business needs a modern point of sale system and how to choose the right one for your needs. You'll also learn how to use the data from your POS to increase profits.
Check out the Small Business 101 blog, which is everything you need to know to start and grow a successful small business: http://www.shopkeep.com/small-business-101
How to avoid 5 common self storage website mistakesSpareFoot
In this educational webinar, learn how to avoid 5 common and costly self storage facility website mistakes. We'll also introduce you to our new product, SpareFoot Sites.
In the current economic climate, the margin between success and failure is slim, and pulling a few key levers could easily mean the difference between comp stores swinging from positive to negative. With only a few weeks before Black Friday, retailers are urged to register for this webinar to tune up their cross-channel strategies to drive more store traffic and convert more sales. The webinar will offer insights into the follow 5 areas:
1) Cross Channel Buy, Pickup In-store: Whether it is from the online channel, the mobile web or a catalog, consumers now expect the convenience of picking up that item at their local store location.
2) In-Store Save the Sale: Using in-store kiosks and mobile apps connected to the e-commerce engine, retailers are avoiding out of stocks and enabling self-service scenarios.
3) Increasing the Relevance of Associate Engagement: By providing access to wish lists, buying history and recommendations, retailers are bringing service functions traditionally found online into the store.
4) Expanding Endless Aisle Capabilities at the Store Level: The ability to capture orders for an expanded assortment of products, without having to stock the inventory in every store, is emerging as a key competitive differentiator.
5) Global Inventory Availability: Providing the ability to check inventory availability across other local stores and account for dynamic changes across systems and locations.
This is the second live webinar held at BuildaBazaar.
The webinar was taken by the experts from BuildaBazaar.
The agenda of the webinar was:
1. Recent trends in e-commerce
2. How to use inbuild SEO tool
3. Marketing Your site Through social commerce
4. Question & Answer session
We hope these webinar can be useful to all the viewers.
Kindly drop us your valuable feedback.
ECR Europe Forum '08. Shopper is a kingECR Community
The shopper is king. Is your business ready to serve?
This session explores the status of joint shopper marketing and information sharing in Europe and in the US. Using extensive research by the Grocery Manufacturers Association (US) and Deloitte we will focus on current shopper targeting practices on both continents and examine the growing sophistication of joint shopper marketing. You will see a project from ECR Greece and Athens University that developed new and innovative shopper services and hear TNS Germany’s breakthrough shopper insights. Also, an update on shopper marketing practices in Europe and a detailed look at future global directions.
Speakers:
• Introduction – Sjoerd Schaafsma, Unilever / Rita Marzian, Metro
• In store Shopper Insights – Emilie Coles, TNS
• Innovative Shopper Services – A. Theotokis, ELTRUN Research Centre /G Lostarakos, P&G
• Future directions Shopper Marketing – V. Belcher/B. James, Oxford Strategic Marketing
ECR Europe Forum '08. Shopper is a kingguest457a0c1
The shopper is king. Is your business ready to serve?
This session explores the status of joint shopper marketing and information sharing in Europe and in the US. Using extensive research by the Grocery Manufacturers Association (US) and Deloitte we will focus on current shopper targeting practices on both continents and examine the growing sophistication of joint shopper marketing. You will see a project from ECR Greece and Athens University that developed new and innovative shopper services and hear TNS Germany’s breakthrough shopper insights. Also, an update on shopper marketing practices in Europe and a detailed look at future global directions.
Speakers:
• Introduction – Sjoerd Schaafsma, Unilever / Rita Marzian, Metro
• In store Shopper Insights – Emilie Coles, TNS
• Innovative Shopper Services – A. Theotokis, ELTRUN Research Centre /G Lostarakos, P&G
• Future directions Shopper Marketing – V. Belcher/B. James, Oxford Strategic Marketing
Get inside your Buyers Head - Improve Funnel Conversion RatesDavid Skok
SaaStock 2018 Dublin.
Everyone wants more sales. In this presentation, David Skok unlocks the secrets to how he has been able to work with company after company and help them discover breakthroughs that drastically improve their conversion rates. The secret behind it all is become a master at understanding how your buyer thinks as they go through their purchasing journey, and as they experience your marketing and sales.
While most retailers focus on the inventory that is visible in their stores and distribution centres, too few pay attention to the hidden costs of high inventory.
Why you need a point-of-sale system to help you grow your business.Jazmin Hupp
This presentation was given by Jason Richelson, CEO & Founder of ShopKeepPOS (http://www.shopkeep.com/) at Tekserve's (http://www.tekserve.com/) event for SMB Retailers on May 29th, 2014.
Learn why your small retail business needs a modern point of sale system and how to choose the right one for your needs. You'll also learn how to use the data from your POS to increase profits.
Check out the Small Business 101 blog, which is everything you need to know to start and grow a successful small business: http://www.shopkeep.com/small-business-101
How to avoid 5 common self storage website mistakesSpareFoot
In this educational webinar, learn how to avoid 5 common and costly self storage facility website mistakes. We'll also introduce you to our new product, SpareFoot Sites.
In the current economic climate, the margin between success and failure is slim, and pulling a few key levers could easily mean the difference between comp stores swinging from positive to negative. With only a few weeks before Black Friday, retailers are urged to register for this webinar to tune up their cross-channel strategies to drive more store traffic and convert more sales. The webinar will offer insights into the follow 5 areas:
1) Cross Channel Buy, Pickup In-store: Whether it is from the online channel, the mobile web or a catalog, consumers now expect the convenience of picking up that item at their local store location.
2) In-Store Save the Sale: Using in-store kiosks and mobile apps connected to the e-commerce engine, retailers are avoiding out of stocks and enabling self-service scenarios.
3) Increasing the Relevance of Associate Engagement: By providing access to wish lists, buying history and recommendations, retailers are bringing service functions traditionally found online into the store.
4) Expanding Endless Aisle Capabilities at the Store Level: The ability to capture orders for an expanded assortment of products, without having to stock the inventory in every store, is emerging as a key competitive differentiator.
5) Global Inventory Availability: Providing the ability to check inventory availability across other local stores and account for dynamic changes across systems and locations.
This is the second live webinar held at BuildaBazaar.
The webinar was taken by the experts from BuildaBazaar.
The agenda of the webinar was:
1. Recent trends in e-commerce
2. How to use inbuild SEO tool
3. Marketing Your site Through social commerce
4. Question & Answer session
We hope these webinar can be useful to all the viewers.
Kindly drop us your valuable feedback.
ECR Europe Forum '08. Shopper is a kingECR Community
The shopper is king. Is your business ready to serve?
This session explores the status of joint shopper marketing and information sharing in Europe and in the US. Using extensive research by the Grocery Manufacturers Association (US) and Deloitte we will focus on current shopper targeting practices on both continents and examine the growing sophistication of joint shopper marketing. You will see a project from ECR Greece and Athens University that developed new and innovative shopper services and hear TNS Germany’s breakthrough shopper insights. Also, an update on shopper marketing practices in Europe and a detailed look at future global directions.
Speakers:
• Introduction – Sjoerd Schaafsma, Unilever / Rita Marzian, Metro
• In store Shopper Insights – Emilie Coles, TNS
• Innovative Shopper Services – A. Theotokis, ELTRUN Research Centre /G Lostarakos, P&G
• Future directions Shopper Marketing – V. Belcher/B. James, Oxford Strategic Marketing
ECR Europe Forum '08. Shopper is a kingguest457a0c1
The shopper is king. Is your business ready to serve?
This session explores the status of joint shopper marketing and information sharing in Europe and in the US. Using extensive research by the Grocery Manufacturers Association (US) and Deloitte we will focus on current shopper targeting practices on both continents and examine the growing sophistication of joint shopper marketing. You will see a project from ECR Greece and Athens University that developed new and innovative shopper services and hear TNS Germany’s breakthrough shopper insights. Also, an update on shopper marketing practices in Europe and a detailed look at future global directions.
Speakers:
• Introduction – Sjoerd Schaafsma, Unilever / Rita Marzian, Metro
• In store Shopper Insights – Emilie Coles, TNS
• Innovative Shopper Services – A. Theotokis, ELTRUN Research Centre /G Lostarakos, P&G
• Future directions Shopper Marketing – V. Belcher/B. James, Oxford Strategic Marketing
Get inside your Buyers Head - Improve Funnel Conversion RatesDavid Skok
SaaStock 2018 Dublin.
Everyone wants more sales. In this presentation, David Skok unlocks the secrets to how he has been able to work with company after company and help them discover breakthroughs that drastically improve their conversion rates. The secret behind it all is become a master at understanding how your buyer thinks as they go through their purchasing journey, and as they experience your marketing and sales.
2. Once upon a time, there were two stores in two cities – A & B
The two store managers, Floyd and Bharat, were intelligent
and sharp people who helped business grow better until the
management noticed something….
Store A Store B
Manager : Floyd Manager: Bharat
3. While the customer entry in Store A was low, the conversion
was very high.
Floyd was given a pat on his back, while the HO and Marketing
Team wondered how to increase awareness and customer entry
in the city.
Let’s Spend more
on
How do Advertisements
we and Awareness
Increase
CE?
Conversion 56%
CE 200/Day
4. They tried all the possible
methods of Increasing CE
and spent a handsome
amount of money on
advertisement and
awareness…but to no avail! NO CLUE
!!!
Why doesn’t
the CE
Increase?
5. In Store B, the case was Conversio
n : 14%
opposite. While the
CE :
Customer Entry was high, 450/Day
the conversion for the store
was somehow low in
comparison to We’ll see to
We’ll
it that your
other stores. Conversion have to
work very
Increases
hard!
Bharat was called for a
meeting with the HO, where
they discussed the steps to
be taken for increasing
customer conversion.
6. Many steps like
allocation of
merchandize on a
regular basis, product Steps to be taken:
training for staff and In 1) Merchandize
Allocation
store promotions were
organized to curb this 2) Product Training
problem. 3) In Store
Promotions
7. Store B
After six months of this
exercise, Store B emerged as
a clear winner and achieved
120% of its ABP
8. Store A was still struggling with less customers,
while Marketing Dept. Spent a huge amount of
money for driving customers in to the store…Every
one wondered what to do, until the management
noticed the clue…
Store A
9. Floyd was not using the We
need to
correct way to measure check
the
Customer Entry!!! method
Improving
CE
He was counting Group Entry
as one, and thus, the
customer entry was recorded Is CE
Really
low, even when it was not as low?
low.
10. Recording
Correct CE is
one of the
Management immediately most
took corrective actions to important That
aspects of
increase the conversion business
it
is!!!
and now,
Both Bharat and Floyd
are performing well and
competing hard with each
other…
11. Why do we need to record accurate Customer
Entry?
• Correct Market Awareness Leading to
Optimum Expense in Advertising
• Root of the problem is known
• Corrective actions for actual problems are
taken on time
13. Each person walking into the store on their feet will be
counted . – This to clarify that each individual who
walks into the store man / woman or child will be
counted as a customer if the person walks into the store
on his legs.
2 4
8
6
5
1
3
7
X
14. Each entrance to the store will be mapped
independently- Some stores have multiple entrances ,
some of which may have lower customer flow .
However it is important to independently man the same
and count customer entry independently for the same.
Entrance 1 Entrance 2
1
2
1 2
15. Even if the customer is entering the store for any
purpose other than shopping (mall entry etc.), he/she
should be counted
I’m only
using this
2
Store
staircase
I’ll go for for going
this to the mall
movie
through
this
store
4
1
3
16. I Have to Count
The security person all the
standing at that particular customers
entering into the
entrance will map the store
customer entry for the
entry – This is a dedicated
person who will be
standing right at the door,
greeting customers and
clicking the entry.
All the time, his attention
should not divert from the
entrance
17. Records will be
maintained hour wise /
entrance wise – Each
security person manning
CE Record
the entrance will record Entrance 1:
Hour 1
his tally at the end of Hour 2
-
each hour . Total
Entrance 2:
Hour 1
Hour 2
-
This hourly compilation Total
records will be
maintained by the store
for understanding,
analysis and audit.