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The US retail sales for the year 2008 reached up to $3.9 trillion. This was related to
the sales of the food, drugs, beverages, and departmental stores. Sales for the
products also increased due to online promotion and mail order stores. Price
promotions have been one of the key factors that have improved the key marketing
process followed by the retailers to promote the sales for the products and services.
Promotional activities has always been an integral part for the increasing the sales
for the products and services. Marketings strategies includes collecting vast
information and knowledge about the products and services that is being sold by
the retail stores. The behaviour pattern of the buyers has changed due to the
availability of various options for the clients. This has increased the level of
competition that exists in the industry .
Retail pricing method and promotion innovation plays an important role in the
product development, which is one of the most important factors for increasing the
sales. Innovations have simplified the process for marketing and promoting different
types of products and services sold by the retail stores. The relevance of the
innovation enables the management to find information in the below mentioned
manner -
Effective design that can be selected to increase the effectiveness for the
promotional activities .
Online promotional activities enable the company to promote the brand image for
the retail stores which is one of the prime requirements for the stores. Through
innovative strategies it is possible to develop and introduce customised promotional
activities that would approach the individual customers from different parts of the
market. With the help of the customised promotional activities it is possible for the
retail stores to use different channels for promoting the services that is considered
to be essential for the product promotion. Retail stores have adopted online
marketing process, which is cost effective and reliable. The method enables the
stores to reach out to maximum number of clients from various parts of the market,
and implement the changes required for introducing the changes. The promotional
activities need to be controlled as this will enable the experts to choose an effective
method through which the strategies for promoting the services can be improved.
Every campaign is carried out with an objective, which is associated with discussing
the details of the products and services and promoting the services .
Online marketing and delivery of the products has enables the store to reach out to
maximum number of clients from various parts of the market. Through innovation it
has been possible for the retailers analyse the needs of the customers on the real
time basis. The collected facts and figures enable the management to develop new
and better methods for promoting the services that is being used for approaching
the clients. It is possible for the management to analyse the needs and preferences
of the customers which is one of the prime essential factors to reach out to
maximum number of clients .
Mobile technology
The success of the retail industry depends upon the technology that has been used
by the retailers for promoting the services. Mobile users have been rapidly
increasing, and this has made it possible for the company to introduce an effective
strategy for reaching out to maximum number of clients. Consumers acquire next
generation smartphones to access the necessary information about the products
and services offered by different companies. Through this method, it is possible for
the users to gather the required information and access the details in an effective
manner. Companies choose mobile marketing, as it becomes easy to target
customers on a larger scale. This is one of the prime requirements through which
the required changes within the system can be introduced by the company. Through
mobile marketing, the company could easily reach out to maximum number of
clients and convey the positive aspects of the services that are being rendered by
the stores. Mobile marketing is usually referred to be two way method or multi
communication method. This process enables the management to market the
products in an effective manner. Through such a process, it is possible to highlight
the services that are being used by the company to promote the services to the
clients. Integrated mobile marketing enables the management to adopt integrated
communication method, which is one of the prime requirements for the successful
business conduct. Innovation has enabled the management to interact with the
clients located in different parts of the market. Through this method, it is possible to
develop effective strategies through whack the product details can be shared with
the clients, and product improvement strategies can be adopted. Short messages
about the products and services, the price, and other factors can be easily shared
with the end users (Bell et al., 2011).
Benefits to the retailers
Due to technology growth and development, it has become possible to adopt the
best strategies related to mobile digital services. The information related to the
products and services can be easily and effectively transferred between the stores
and the clients, and this makes possible the retail stores through which enables the
management to approach the clients and convince for the purchase of the good and
services sold. Information shearing becomes possible and effective as this is one of
the important factors, which improves the sales for the products and services sold
by the retail stores. Technology has become an integral part of the business
activities, and this helps in the market differentiation, implementing growth
strategies, and increase profit .
The strategic plan for the retail industry includes adopting different methods for
increasing sales through the implementation of the technological factors. The
process enables the management to create and provide targeted advertisement,
which can reach out to maximum number of clients from different markets. Through
this process, it is possible to provide details on the go services, which basically
engages the clients or the customers. Such factors enable the management to
maintain long term positive relationship with the clients. This is one of the important
factors through which the sales process can be improved and increased in the
industry. With the help of the technology, the retail stores attempt to develop
relationship with the clients, which go beyond the physical stores. The digital
innovation has been termed to a boom for the retail industries as it helps in
improving the sales and promotional activities, which is essential for the business
development. Customers are encouraged to participate in the discussion related to
the product quality and services. This enables the management to adopt and
implement new strategies through which the changes in the production activities
can be implemented. The company could develop and retain positive relationship
with the clients through other techno like
Through such process an attempt is made by the retailer stores to develop better
strategies to reach out to the clients and increase the sales activates.
Brand appeal
Building brand appeal for the company or the retail stores is one of the most
important factors, through which the sales for the products and services can be
improved. The process includes developing better strategies for approaching the
clients. Innovative strategies enable the management to reach out to the clients
and highlight the feature of the products and services sold. Through online
marketing, it is posies for the management to develop an effective strategy for
building brand. Through bran building it is possible for the retail stores to gain a
competitive advantage over the products and services that is being sold by the
company. This is one of the prime requirements through which the sales for the
products and services can be improved. While brand building, the management can
share maximum information about the products and services that is being sold by
the retail stores. This also includes discussion the details of the services that would
help the clients to choose the better option when it comes to investing in the
purchases of the products.
Brand promotion includes discussion the details of the services, the benefits
associated with the same, and other important factors. This is one of the important
factor through which the sales for the company can be increased tremendously. The
strategies adopted by the management differ as it intends to reach out to maximum
number of clients from different parts of the market.
Conclusion
Innovation has positively impacted the way the business activities have been
carried out but e management. Companies attempt to reach out to maximum
number of clients from different parts of the globe. Through this method and
attempt has been made to improve the sales activities, which is one of the prime
requirements for the smooth conduct of the business activities. The strategies
adapted by the retail stores have to be innovative and helpful for the business
management. In this process, the challenges faced while promoting the services
with the traditional method needs to be adopted for improving the performance.
This will help in introducing the changes that is related to the business
development.
The customer and retail
business
Putting the customer at the centre of your retail business
Modern shoppers need modern service it's about having a flexible, cross-channel
approach Service remains the most important element of the shopping experience.
Our findings revealed that unhelpful or unfriendly staff were listed almost
universally as the primary cause of poor service, followed by poor knowledge,
outweighing other factors including poor fulfilment, lack of choice and inefficient
returns processes.
The global marketplace has opened up a new world where shoppers can source the
products they want by price, range, review and recommendation. We see customers
expecting a more sophisticated and flexible set of components that meet their
individual demands, when and where it is convenient for them.
Realistically, the only way a retailer can create this flexible service model is by
aligning the business around the customer by putting them first. By doing so,
retailers can meet the needs of each individual customer.
Take the store, for example. Our research revealed that the role of the people in an
organisation, particularly store assistants, is still critical to the overall delivery of
service. Yet with more and more information in the hands of shoppers, assistants
are frequently at risk of disappointing the customer with their lack of knowledge,
suggesting that many interactions may deliver less than satisfying outcomes.
Empowering assistants with the right insight, whether this is access to real-time
stock availability, loyalty programme data or the fastest way of sourcing that must-
have item can be a key differentiator in the outcome of a retail interaction.
Retailers must focus on optimising their planning, merchandising and supply chain
operations. In achieving this, it is vital to work from a common and integrated
platform that provides visibility across the business.
Although we found in the research that the store remains the preferential channel
for shopping and service, online commerce and service is a very close second,
followed by mobile and social networking websites. Shoppers are now using several
channels throughout the shopping process. Survey results indicate that the key to
facilitating this kind of 'commerce anywhere' requirement is to connect each of
these touch points to create a single view of the customer.
Naturally, the customer lives at the centre of this picture. This extends to the
provision of services such as click and collect, live chat, delivery to a location of the
customer's choice or even shared shopping baskets all these elements need to be
brought together.
We have all felt the growing frustration of waiting unnecessarily, being ignored or
facing inefficiency when shopping. In these tough times, customers are more and
more likely to reject bad service when a competitor can offer the same products and
price without the hassle. Retailers can no longer view customer service as an option
and providing a positive retail customer experience is vital. A coherent and
successful retail service model is the differentiating factor between a successful and
unsuccessful business.
retail customer service strategies vary between larger chains and the smaller
independents. As you would expect larger retailers tend to have a more formal
strategy for the retail customer experience in place, although the overriding factor
for both was the general ethos of key senior management / business owner.
the challenge of directly linking retail customer service to the bottom line was for
many an on-going one, with few believing they could now provide that direct link.
However, there was a common belief that customer service would remain a key
battle ground for many retailers going forward and benchmarking customer service
would become a more common process when developing a retail service model.
customer service training is encouraged by many retailers with the larger operating
more formal training programmes that were supported by strong shopfloor
observation and feedback. A significant number of retailers also operate some form
of reward and recognition scheme based around the retail customer service
experience. customer service measurement was often gathered through conducting
mystery shopping but many retailers were now looking to supplement this with
more direct voice of the customer input. high levels of employee engagement will
facilitate the delivery of improved levels of customer service
Retail Customer Service Model
In outline, the model, focused on traditional bricks & mortar retailing, breaks down
into three key layers:
Leadership
Many organisations reflect the drive of an individual and their personal focus on the
importance of customer service. If this individual is senior within the retail business,
it will greatly impact the culture and the emphasis placed on the customer
experience. In small companies this will tend to be driven by the owner.
Enablers
The way that the retailers customer service vision is translated through policies and
processes onto the shopfloor.
Customer Journey
The customer journey is described through a variety of touch-points which will vary
from business to business. Starting with background research through to complaints
handling, it provides a comprehensive checklist for any retailer to use and
benchmark its customer service performance.
Recognising the increasing trend for customers to have relationships with retailers
through multiple channels, the Customer Journey part of the model was enhanced
by the development of a supplementary online version.
Future
This report draws on the experiences and opinions of 27 retailers, both large and
small and the report features several customer service case studies of retailers both
large and small. The findings have been combined with a review of the current
thinking in customer service literature and other original research sources.
Some retailers question whether the term customer service is in fact too narrow. It
does not start and end with in-store experience it has to be owned by all
employees.A frequent challenge was that retailers were struggling to provide
consistent levels of retail customer service across all of their traditional outlets, and
also the growing number of multiple channels, e.g. in store / online / mobile.The
importance of linking the customer service approach, and the actual retail customer
experience to the organisations brand values.Particularly during tough trading
conditions the need to provide a strong link between a customer service focus and
bottom line delivery was vital.Some of the retailers interviewed have proven, and
prize-winning, customer service processes. The most common recommendations
were: