Creating a customised in-store experience to enhance the overall customer shopping experience
Product recommendations and promotions are specifically tailored for each customer depending on their profile
Enabled by a strong customer database and robust data analytics capabilities in order to gain customer-specific insights
INCREASED IN-STORE ENGAGEMENT
Increasing in-store engagement by delivering a more interactive shopping experience
Achieved through providing multiple platforms or touchpoints that allow customers to engage with products and/or the brand
Stores may also adopt self-service setups that enable customers to readily access product, brand, and store information
Customers are empowered to create their in-store shopping experience by selecting preferred touchpoints for interaction
An example of such platforms are lifestyle or entertainment hubs, in which services such as entertainment and food & beverage are integrated into the retail stores
Move towards consultative selling
Shifting from a one-size-fits-all selling approach to a consultative approach: requiring Sales Associates to be “needs-focused” rather than “product-focused”; and selling to customers’ needs rather than promoting a product
Enabled by capitalising on data analytics insights to understand customer profiles and tailor recommendations
Enhanced by adopting technologies to reduce volume of manual work required of Sales Associates, freeing up more time for selling activities
Integrated, real-time systems
Integrating Point-of-Sale (POS) system with all internal systems and ensuring that information across all systems are amalgamated and accessible through a single point
Systems should comprise real-time functionality to ensure information reflected is accurate and up-to-date, such as latest promotions and stock availability, in order for store transactions to be performed
Integrated systems also enable easy access to the latest CRM activities and customer information, such as customer profile and past purchase history, which allows Sales Associates to construct targeted sales conversations
An integrated system will create a more robust database to support data analytics activities, allowing insights to be synthesised across multiple points of view and avoid information silo
Data-driven sales strategy & approach
Establishing robust data collection policies and implementing supporting infrastructure to build a strong database for data analytics (examples of data include store traffic/ footfall, customer conversion, customer demographics)
Utilising insights from data analytics to develop the sales strategy and guide informed decision-making; Sales Associates should utilise data insights to make informed and targeted sales conversations