Skip to main content

Are you creating stickiness in your shop?

Shopkeepers should stop complaining about competition from the internet and look to it for ideas, Sarah Curran, founder of my-wardrobe.com, says in her latest FT column.

"I remember vividly a retailers' conference in Dusseldorf, which was filled with many of the UK's leading high street names. The buzzword was 'the customer'. I wondered what their priority was before that," she says provocatively.

Ms Curran started her business with a boutique in London's Crouch End. I knew who my customer was, she says, because I was the customer and I knew the retail experience I expected. But moving on-line in 2006 she had to work out how to replace face-to-face contact.

On-line retailers have to create "stickiness" so that the experience is engaging. They do this by using aspirational photoshoots, editorial features and video content. The internet and social media offer many exciting ways of doing this.

In contrast the high street can "often seem flat", Ms Curran says. "Bland, stark and poorly lit changing rooms are not the right surroundings..." "Dreadful queues just make matters worse."

Local retailers should read this column for two reasons:
1. It may provoke you into improving your shop and the customer experience you offer.
2. It may give you an idea how you can build an on-line business - or use social media to complement what you already do.

The main thing is to avoid thinking that it can't happen to my business or that top-up grocery shopping, on-the-go treats and eating, or picking up a newspaper is not under threat from imaginative start ups working in the virtual world. Because one day soon, it just might happen.

Comments

Popular posts from this blog

Think before you delist your slowest seller

Retailers need to introduce new products to provide their shoppers with "good news" and to generate interest. But for each new product that you introduce you need to consider delisting an existing line. Easy, you might think. I will just print out the list of products in the category and take off the one with the lowest sales. However, if you do this research from the US suggest you might be wrong. What you need to consider is what sort of demand you have for each product, a white paper by Demand Tec, a US specialist software provider shows. It says that there are two kinds of sales: incremental sales, when products add to the total shopper spend and are not readily substituted by another item transferable sales, where shoppers find an alternative easily when it is not available. Using its software, it shows a category with 50 products from top seller to bottom seller. At the same time it also measures the incremental sales each product provides. The number 50 in ove...

Busy street, empty shop, missed profits

True in part to my New Year resolution, I held a business meeting in an independent coffee shop today just next door to a Starbucks. The cafe was presented well and four staff were busy preparing for the lunchtime rush, at 11am. As my guests were late, I had a half hour overview of footfall on the street outside and in the restaurant. Six customers. Barely enough to form the queue in Starbucks or Pret-a-Manger just down the road. Plus one Italian girl who dropped off her CV. Some people stopped to look at the posters in the window and moved on. The owners seemed quite happy. When I left just after 1215, they were doing brisk trade. However, I have the impression that the business is not working hard enough. It could easily have managed 120 customers between 11 and 12, instead of 12. This is lost profit as the fixed overheads and staff costs are already in place. The owners are clearly busy - perhaps too busy to take time to look at the potential that their cafe has. What shou...

Sticks and stones do hurt

My 17 year-old son returned from a rock festival this week wearing a wristband proudly declaring him 0ver 18. He explained how easy it had been to use someone else's ID to get the identification and said it was ironic that he had not needed to show the over 18 band when buying alcohol. Today, Scottish retailer Abdul Qadar is complaining that public authorities are asking people to lie about their age when making test purchases. What trading standards officers may be forgetting is that the fact that retailers invest in a business premises and trade consistently from it make their job much, much easier. The alternative, a world of markets and itinerant traders, will be far harder to police. Mr Qadar's sense of injustice is fair. Those retailers, like Mr Qadar, who value their investment will seek to trade legally and will not sell alcohol to people under the age of 18. Asking children to lie about their age to local traders is a slander on all retailers.