How many different grocery stores do you go to every
month? Chances are that you are loyal to a particular store, as are most
consumers. Strong consumer loyalty is a retailer’s ultimate goal because repeat
business is the key to profitability and success within the retail industry.
Cost is often not what makes a consumer incorporate a
retail store into his or her routine. Loblaw’s, for example, is slightly more
expensive than store brands like No Frills, yet has a dedicated following of
consumers who love the look and feel of the stores, the spacing and
organization of the merchandise and the diverse range of merchandise.
Similarly, Fortino's also offers pricier merchandise than a food chain like No
Frills but many consumers choose Fortino’s because of the wide selection or
brands and the quality of the produce. Product placement, customer engagement
through product demos, dynamic store set-ups and displays also play a role in
the customer’s overall experience.
The customer experience is the sum of all experiences a
customer has with a supplier of goods or services, over the duration of their
relationship with that supplier. At retail, the customer experience is what
will dictate the loyalty that a consumer shows to a particular retail store or
brand. Efficient merchandising and distribution plays a huge role in the
customer’s experience and features many moving variables that include:
·
a wide range of products and brands
·
accessibility to those products and brands
·
product availability (products are sufficiently
stocked and on the shelves)
·
products are properly priced
Consumers want to find what they need in all one place
especially when it comes to grocery shopping. A consumer will generally be
loyal to a store (even if the cost of goods is slightly higher) when they can
get everything they need in one central location. A consumer who visits a
retailer to find that they don’t sell the brands they love, are consistently
out of stock (sold out or simply not on the shelf) and/or the items prices are
not clearly marked, can quickly get frustrated. Where un-stocked merchandise is
concerned, it is very inconvenient to the consumer and they will likely not
forget the experience the next time they need to shop.
It pays to invest in the customer experience. Many
retailers and brands have come to realize that working with professional
merchandising and marketing companies can make a big difference when it comes
to enhancing their customers’ experience, which leads to increased profit,
heightened customer loyalty and increased customer retention.
Professionals with expertise in this regard can point out
and facilitate in-store improvements and offer services to improve overall
merchandising and distribution. For example, working with a merchandising and
distribution company will mean that your products will always be on the shelf
because their staff will ensure that it is never out of stock or sitting in the
back of a retailer’s warehouse. They have the skilled resources to provide
trained support on-demand during high seasons, facilitate in-store marketing
campaigns and assist in ensuring
adequate distribution and effective merchandising to increase store
loyalty.
For more information about the customer experience and
improving store loyalty please contact Store Support at 905 847 6513 or visit www.storesupport.ca