Transformational, emotional and seamless; three macro-trends shaping retail today.
Speaking at NACS Xtreme 2014, FITCH Associate Strategy Director Michael Stephenson examines these trends and the importance of physical, human and digital tools to retailers.
3. PALETTE OF TOUCHPOINTS!
Physical: The tangible – from objects that can be
touched to settings that can be experienced
Human: Dynamic interactions – with individuals,
employees, and social groups
Digital: Electronic Tools – technologies that talk
to everyone, or just talk to me
P
H
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4. To us, HUMAN may be the
most important of the three.
We believe retail is about
meaningful moments of
human connection.
5. SHOPPER MINDSTATES!
Exploring
Open minded but category focused.
Locating
Looking for a specific product, brand or service.
Dreaming
Unfocussed, open to experiences and story telling.
Shopper mindstates
Inspire me
Challenge me
Entertain me
Play with me
Reassure me
Show me
Help me find it
8. EXPERIENCE SIGNATURES!
Distinct collection of branded touchpoints.
Unique in collection from one brand to the next.
Why shoppers choose one brand over another.
How retail brands become memorable.
The reasons shoppers come back for more.