HomeWorld Business
Gourmet Insider
Housewares Design Awards
Mobile Homeworld Join us on Facebook Join us on LinkedIn Follow us on Twitter Join us on YouTube Subscribe to our RSS Feeds
HomeWorld Business Magazine, homeworldbusiness.com | The Newspaper For Housewares Decision Makers
  • Video
  • Events
  • Research
  • Subscribe 
    • New Digital Subscription
    • New Print Subscription
    • Renew Print Subscription
    • Address Change
    • Cancel Print Subscription
    • Website Account
    • Daily E-Newsletter
    • Paid Rates
    • Back Issues
  • Marketplace 
    • Directory
    • Classifieds
    • Job Posts
  • Advertising
  • Editorial Calendar 
  • About Us 
    • Our Team
    • Our Products
  • Home
  • Appliances
  • Kitchenware
  • Tabletop
  • Home Décor
  • Organization & Cleaning
  • Trade Shows
  • Retail
  • Financials
Login
Click here to use the Advanced Search
Site Login

Email:
Password:
Create Account
Forgot Password
 
 
 
 
   

Save The Stores By Reinvesting In Service

Monday September 17th, 2012 - 10:40AM

| | Submit this to DiggIt.com | Submit this to del.icio.us | Add this to Google bookmarks | Add this to Yahoo! | Add this to Newsvine.com | Search technorati.com for blogs discussing this story | | Submit this to Stumbleupon.com | | Search icerocket.com blogs for this story What are these?
Tweet

These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!

One jam-packed mall on one day might not be enough of a sample to disprove theories that in-store shopping is a dying art.

Nonetheless, it was pleasantly startling to have to park so far from the mall entrance on Labor Day weekend. 

Justin Bieber was nowhere to be found among the throngs crisscrossing the aisles, so it’s safe to say everyone was there for one reason: to shop. And presumably to buy.

This annual Top 100 Housewares Retailers issue (September 17, 2012) examines what brick-and-mortar retailing is doing to revitalize stores in the face of the steady growth of online at-home and mobile shopping.

No doubt, for most of these retailers, stores remain the foundation needed to sustain the permanence of their brands and businesses, despite their efforts to advance online sales.

Capture & Convert

Investing in a robust e-commerce platform is a critical adaptation to market demands by any retailer eyeing a long future. Such maneuvering, however, shouldn’t upstage the more critical need to re-create in-store experiences that capture and convert more consumers.

One potential silver lining in the mounting concern among brick-and-mortar retailers about “showrooming”— in which shoppers examine products in stores only to seek and buy them online at lower prices— is that such consumers still are making the effort to enter stores for some hands-on browsing.

By some accounts, nearly three-quarters of consumers still prefer to buy products in stores after researching them online. Many cite a desire to examine actual products, the instant gratification of take-home purchases and the perception of simpler returns.

You don’t hear the word “service” often anymore as an in-store perk. Yet it is in that word that the key to enduring, thriving existence as a brick-and-mortar retailer might reside.

Store Homogenization

The retail big-boxing responsible for such dramatic growth the past couple of decades also contributed to homogenization that has left store operators more vulnerable to e-commerce.

Successful, repeatable in-store merchandising now mandates proprietary product at great-deal pricing. There are limits, though, to what brick-and-mortar retailers and their vendors can do to create truly differentiated assortments— especially in hardlines— insulated from at-your-fingertips comparison shopping.

Training Session

And stores are in no position to counter the adjust-by-the-minute price wars now being waged among web retailers and their affiliates. Nor should they be.

Some of largest and most successful retailers did a wonderful job of training shoppers to expect self-service environments. Many now should allocate more resources to training on-floor personnel to provide knowledge and assistance that can’t be matched by a website’s product descriptions, 3D imagery or litany of customer reviews. 

Brick-and-mortar retailers that withstand the online onslaught will be those that already enforce a strong service culture; and those that realize it’s not too late to re-capture some of that selling floor intimacy.

The goal shouldn’t be to resist online retailing development that figures to become more essential to all successful brick-and-mortar retailers. Rather, it should be to reinforce store foundations by reinvesting in core practices that engage shoppers, suppress their urges to seek out a modestly better price and, most importantly, convert them.

Resurrecting the art of customer service would give more retailers the strength to stave off the death of in-store shopping. And in-store buying.

—Peter Giannetti

 

Tags: Housewares   
 
More News..
« Go Back
« E-mail a friend
« Printer Friendly
Advertisement
HEADLINES

Nordstom Racks Up Sales But Still Comes Up Short In Q1 »

Kohl's Roughed Up In Q1 But Earnings Beat Street

Lifetime Brands, Bombay Co. Ink Licensing Deal

Wal-Mart Cites Weather For Chilling Q1 Sales

Macy's Q1 Tops Street On Earnings Despite Headwinds

Five Below Sales, Stores, Shares Expand

Meijer Named HomeWorld's 2013 Retail Champion

Ross Stores Finished Q1 Strong

More Headlines...
ON THE RECORD
HomeWorld Business - On The Record
Belk's Kathryn Bufano Discusses How Charity Begins Near Home
Previous On The Records...
DIGITAL SUBSCRIPTIONS


Digital Subscription Service
Now Available

Click Here
VIEWPOINT
Color Is Everywhere In Housewares, But Will It Sell?
With all the color that has been unleashed on the housewares business this year, asking what the hot colors are is not enough. It’s more important to understand why they might be hot and how they can be applied to generate sustained revenue.

Click Here to read the full article.
Previous Viewpoints...

HomeWorld Business Magazine, homeworldbusiness.com | The Newspaper For Housewares Decision Makers
↑ Back to Top
My Online Account
Create Account
Update Account

My Magazine Subscription
Subscribe
Update Mailing Address
Cancel Subscription
My Digital Subscription
News Categories
Appliances
Kitchenware
Tabletop
Home Décor
Organization
Trade Shows
Retail
Financials
Viewpoint
Tools
Videos
Shows & Events
Marketplace
Classifieds
Research

About Us
Our Team
Our Products

Advertise With Us
Advertising
Editorial Calendar
Join us on Facebook Join us on LinkedIn Follow us on Twitter Join us on YouTube Subscribe to our RSS Feeds

ICD Publications
HomeWorld Business
Gourmet Insider
Housewares Design Awards
Hotel Business
Hotel Business DESIGN


©2001-2013, homeworldbusiness.com and ICD Publications, Inc. Cannot be reprinted without permission of homeworldbusiness.com and ICD Publications, Inc.