Merchandising Companies Ensure That Brands Keep at the Same Pace as Their Customers

There are many challenges to be faced by brands who locate their products at retail. Good customer service, product location in-store, and employee compliance are just a few of the things that merchandising companies deal with in order to help you secure your place at the top.

The role of merchandising companies is to show you how to be the most effective in selling your product. 

When you are trying to keep up with the changing retail market, it can be difficult to know which strategy is best to adopt. Knowing which route to take in order to keep current customers loyal, while at the same time attracting new customers, can be a challenge. Merchandising companies can help you ensure that you keep your brand current.

Customer satisfaction research studies show that those customers that are loyal to a certain brand will continually purchase that brand, even if there is a slight increase in price. However, if a brand fails to keep up the pace and meet the needs of a constantly evolving market, customers, especially younger customers, will grow impatient and quickly move on to a competitor’s product. Merchandising companies work with you to make sure that you are keeping pace, and meeting the needs of the changing market.

The human mind is both emotional and rational, and so it is important to keep emotion as part of your overall merchandising strategy. Relying solely on fact-and figure-based strategies can severely limit your ability to reach your target market. Merchandising companies will show you how to implement merchandising solutions that employ both a fact-based and emotionally driven merchandising campaign that is much more appealing to consumers.

An engaged customer is a loyal customer. Merchandising companies ensure that brands keep pace by catching the attention of a brand’s consumer by making sure that product placement is efficient, that brand presentation is effective, and that staff at retail are promoting your product well. 

Keeping up with the newest trends and appealing to what is current is essential, and merchandising companies will show you what kinds of strategies to implement in order to do this. By working with a merchandising company, you will be more capable of appealing to the customer through the adoption of the newest market tactics, ensuring that you do not fall behind.

In-store demonstrations or samples, product placement and mystery shopping are all ways that merchandising companies work to make sure that your brand is receiving the attention in needs at retail. Helping you maintain control of your retail presence is an important part of your business, and merchandising companies will help you achieve it!

Falling behind with current trends can spell disaster for your brand, but utilizing the services of a merchandising company will help keep you a step ahead, meaning more brand loyalty and a bigger consumer base.

For more information about the benefits of working with a merchandising company and how it can help you keep pace with customers, or to learn about any of the services provided by Storesupport, please call 1 (877) 421-5081 or visit www.storesupport.ca.

Retail Marketing Solutions Must Include Retail Customer Experience Management

Customer experience management has become one of the most important retail marketing solutions that both retailers and brands are investing in today. There are many factors that contribute to a positive customer experience. The customer experience begins at the point when a customer becomes aware of a brand or product and extends through the life of the relationship that the customer has with the brand or retailer. 

The goal of customer experience management is to move customers from being satisfied to loyal, and then from loyal to being advocates of the brand. Customer experience management involves strategy, process modelling, technology, design, strong management and optimization of the end-to-end customer experience process. 

Today’s consumer experience must include service, convenience and product availability. The pillars of the customer experience that must be considered with a customer experience management strategy include: 

How easy are you to do business with? The way employees of brands and retailers interact with customers is very important. A customer’s experience at retail should leave them feeling that they have been treated as an individual and genuinely cared for. Product knowledge is important in this area, and ensuring that representatives in-store are able to knowledgably speak with and answer questions about your promotion asked by prospective customers is very important.

How attractive is the proposition that you are making to your target customers? Are you running competitive promotions and marketing them in-store and online so that customers are aware of them?

Are your products accessible and are you ensuring a smooth purchasing process for your customers? Systems and processes are important because they make the purchasing process smooth, convenient and organized. This means that your products must be consistently accessible to customers, both easy to understand and to purchase.

Here are some interesting statistics to take into consideration:

1.       Companies that committed to service excellence demonstrating strong capabilities outperformed their competition by 81%. Source: Peppers & Rogers Group

2.       The top two drivers for investing in customer experience management are: improve customer retention and brand loyalty (42%), and improve customer satisfaction (33%). Source: Aberdeen report – “Customer Experience Management: Engaging Loyal Customers to Evangelize Your Brand”

3.       A customer who has a bad customer experience will tell 9 to 15 people about their experience. Source: White House Office of Consumer Affairs, Washington, DC

4.      80% of North American companies plan to use customer experience as a form of differentiation. Source: Forrester’s The State Of Customer Experience

5.       86% of customers who had a bad experience with a company stopped doing business with them altogether. Source: Harris Interactive, “Customer Experience Impact Report”

6.       For every customer complaint, there are 26 other customers who have remained silent. Source: Lee Resource Inc.

7.       Customer churn is caused by customer feelings of poor treatment 68% of the time. Source: TARP

8.       It takes 12 positive service experiences to make up for one negative experience. Source: “Understanding Customers” by Ruby Newell-Legner

9.       91% of unhappy customers will not willingly do business with your organization again. Source: Lee Resource Inc.

10.   Attracting a new customer costs 5 times as much as keeping an existing one. Source: Lee Resource Inc.

Retail marketing solutions that enhance the customer experience can include:

·         Ensuring that your products are in-stock and on the shelf at all retailers where they are available to be purchased

·         Ensuring that your products are in the area where a customer would expect to purchase them

·         In-store promotions through product demonstration and visual marketing displays

·         Mystery shopping to identify issues at the retail level that could be impacting your customers’ experiences

·         Additional sales support at the retail level, and more

Retail marketing solutions should be considered by brands and retailers because the stakes are so high. There have been studies that draw a direct connection between the customer experience at retail and the profitability of the retailer and brands that sell their products there.

For more information about how you can improve your customer’s experience or for information about our retail marketing solutions, please contact Storesupport at 1 (877) 421-5081 or visit www.storesupport.ca

Canadian Mystery Shopping Providers Tell Brands What Is Really Happening At Retail

Relying on retailers to keep you informed about how your brand is doing at retail, or waiting until your sales profits come in, can be very problematic. A good way to avoid this is by relying on Canadian mystery shopping providers, as Canadian mystery shopping providers tell brands what is really happening at retail.  

How can you determine how well your brand is doing, and how it is perceived by your targeted demographic? Canadian mystery shopping providers can find out. By placing mystery shoppers in the retailers where your brand is being sold, you are able to determine how well that retailer’s staff knows your brand, and what they are telling your customers about it. Are they giving the correct information to the consumer? Is your product being re-stocked in appropriate intervals? Is your product kept in the most efficient location? A Canadian mystery shopper will answer these questions. 

In the retail food industry, the retailer’s primary concern is not always your brand, and very often no incentives exist to push them to see that your brand is being marketed effectively. Canadian mystery shopping providers will solve this problem by identifying any problems in-store, and giving you the intelligence required to address them.

Canadian mystery shopping provides invaluable retail intelligence that helps you stay on top of the competition. Those companies that do not utilize the services of Canadian mystery shopping providers often have no idea how their product is being marketed to consumers, meaning they then have very little ability to influence how their products should be marketed. By taking advantage of services offered through Canadian mystery shopping providers, you can ensure that your brand is receiving the attention it needs in order for your business to profit.

Keeping customers happy is the key to consumer loyalty and retaining customers. Canadian mystery shopping providers allow you to determine the level of customer service being delivered by the retailers who sell your brands. Canadian mystery shoppers can reveal whether or not employees are following procedures, and can also help you to identify and measure how effective staff training programs are.

Canadian mystery shopping providers can also give you valuable information about how consumers feel about your product. Canadian mystery shoppers can find out why your current customers choose your product over your competitors’. They can also determine how potential customers feel about your product allowing you to cater to meet their wants as well. How well does the packaging advertise what customers are looking for? Is it attractive and eye catching? Canadian mystery shoppers can find out.

Thanks to Canadian mystery shopping providers, your ability to know the customer’s perspective can greatly impact your ability to increase sales and build your customer base.

Finding out about what is really happening at retail is a crucial component in keeping customers happy and loyal, as well as increasing your overall profits. Mystery shopping providers are an important part of this process.

For more information about Canadian mystery shopping providers and how they can tell you what is really happening at retail, or to find out about the retail merchandising services offered by Storesupport, please call 1 (877) 421-5081 or visit www.storesupport.ca.

Is Service Intelligence Mystery Shopping A Must Have For Brands?

Mystery shopping or secret shopping at retail is service intelligence that a retailer simply cannot do without. Service intelligence mystery shopping focuses on providing a brand with much needed intel about what kind of service their customers are receiving at the retail level. Service intelligence mystery shopping is also important to retailers because it lets them know how their staff members are performing. 

The worst thing that a brand or retailer can do is to wait for sales to take a dip to realize where areas for improvement are with respect to the customer services that they are providing to their customers. Top notch customer service leads to brand loyalty which results in life-long customer relationships. Establishing brand loyalty takes significant effort and once you are on top of your game, staying there requires even more focus.

Service intelligence mystery shopping measures people and product performance in-store.

Where brands are concerned, utilizing service intelligence mystery shopping enables you to understand product endorsement at the store level. A great example of this is when consumers approach employees at the retail level and ask about a particular product, asking “which shampoo is the best” for example? Mystery shopping can determine whether the employees are recommending your product? Are your promotional offers being communicated to the customer? Service intelligence mystery shopping also enables you to ensure that the delivery of your brand messaging is correct. When employees are asked about your products, is information being communicated accurately?

Service intelligence mystery shopping can also reveal other issues, like the location of your products in-store, how pricing is being received by other shoppers, planogram compliance, and secondary display compliance issues.

Where retailers are concerned, service intelligence mystery shopping can enable you to measure customer service and manage behavioural issues in your store, and is an opportunity to improve customer retention and loyalty to your store. This ongoing measurement raises the bar and shapes and improves your staff’s performance.

The result of service intelligence mystery shopping delivered through a sales team compliance audit can be eye opening and can reveal issues that could be having a direct impact on your bottom line. Issues in-store that negatively impact the customer, such as long line ups, poor customer service, or staff that lack the required knowledge about the products sold in-store, will reduce sales and brand loyalty. A sales team compliance audit will tell you if you are achieving your customers’ expectations in store.

At the end of a day, when customers are not having a good experience at retail they simply will not choose to visit a particular retailer at all the next time they need to make a purchase. Grocery stores are an excellent example of a type of retail where service intelligence mystery shopping is very important. In many cases, consumers will go to their local grocery store weekly, so the cost to a retailer who has in-store performance issues will face severe financial consequences if a customer has a bad experience and decides not to come back.

Investment in service intelligence mystery shopping is a very important piece to the puzzle that leads to the success of a brand at retail and retailers in general.

For more information about service intelligence mystery shopping or mystery shopping services provided by Storesupport, please call 1 (877) 421-5081 or visit www.storesupport.ca.