Powerful In-Store Marketing Doesn’t Have to Be Difficult

One of the biggest hurdles for retailers is developing and maintaining a strong in-store marketing campaign. Taking the time to develop a smart in-store marketing strategy can be costly, especially if you have no prior experience. The time and resources needed to execute it can take away from other important aspects of your business (ex. staff). Instead of dealing with the worry of difficult in-store marketing, let a retail merchandising company help your harness its power easily and effectively.

How can a retail merchandising company help you overcome this challenge? In a number of ways. The role of a retail merchandising company is to help you get a plan in place, no matter what that is, and execute it.

Planogram set-up and signage: if planograms or signage is a part of your in-store marketing, a retail merchandising company can bring in the people to set it up, according to your exact specifications, ensuring that product is correctly labeled and displaced properly. Coupons are included here – in order for them to be profitable they need to be located in the correct space. Signage location should also be considered strategically, and making use of the experience of a retail merchandising company can help alleviate some of the pressure.

Experiential marketing and promotional events: although in-store signage and displays are a major part of any campaign, experiential marketing and promotional events should be as well. Whether you are highlighting a new product or promoting an old one, an experiential marketing campaign is an effective way to achieve this. But it can’t just be thrown together. A retail merchandising company that specializes in experiential marketing can work with you to develop a smart and engaging event that hits all of your targets, as well as provide you with the individuals with the skills and talents to make the event a success.

Remember that any successful in-store marketing campaign can’t remain static. Keeping things up-to-date is all part of the process, and if you fail to keep things current the plan will lose its luster. Make sure that you are constantly updating your strategy to make use of the power of in-store marketing. Again, rely on a retail merchandising company to accomplish this for you.

A professional retail merchandising company that can offer you a hands-free solution to your in-store merchandising woes is the best way to ensure a high level of engagement and customer experience. Don’t stress about it – let someone else take over and make sure that everything is done the way that it should be.

For more information about in-store marketing and the benefits of employing the services of a retail merchandising company, please contact Storesupport today by calling 1-877-421-5081. 

Bridging the Marketing Gap: Retail Merchandising in an Ever-Changing Marketplace

Last week we talked about how important it is with the rise of mobile e-commerce to ramp up your retail merchandising campaigns to deal with the competition this creates. The rise of mobile e-commerce is just one example of how vital it is to leverage different types of merchandising to attract different customers.  

Here are just a few examples of this cross-sectional marketing and how a retail merchandising company can help you maintain it.

How you merchandise:

Print: displays, planograms, etc. These are one of the most important parts of any merchandising plan. When a consumer enters a store, the displays and planograms often play the largest role in attracting their attention. Whether you rely on stand-up display shelves, floor decals or shelving signs as a segment of your retail merchandising plan, these need to be carried out and maintained appropriately. A retail merchandising company can not only set them up according to your designs, they will also return to make sure that they are being used properly.

Coupons and promotions: Many consumers are attracted to coupons and promotions – so making use of them is key. This is especially crucial when releasing a new product. You need to leverage this type of retail merchandising in order to attract this crowd. Again, a retail merchandising company can help by providing people support to distribute coupons or ensure that coupon dispensers are installed correctly.

Interactive: experiential marketing. Another effective retail marketing strategy is through taste tests or product trials. Research shows that those consumers who are given the chance to sample a product are more inclined to purchase. By leveraging and implementing an experiential marketing campaign you can harness the power inherent in this consumer group.

Who you merchandise to:

Generational gaps and catering too much to one generational group while largely ignoring the other can wreak havoc in the retail industry. For example, if you rely solely on mobile marketing you are ignoring the entire generation that this does not tailor to. Conversely, if you are just using print marketing, those consumers who see mobile or computerized displays as the way of the future may be lost.

When you set out to design your retail merchandising plan, make sure that all bases are covered. Don’t discount one group for another. Employ a retail merchandising company to guarantee that all targets are marketed to.

For more information about how to ensure that your retail merchandising strategy encompasses a variety of different marketing schemes please contact Storesupport by calling 1-877-421-5081.

Effects of Mobile E-Commerce on Retailers - E-Commerce Report from Canadian Government Sheds Light

In 2012, as a result of the dramatic changes that Canadian society has experienced as a result of technological changes over the past several years, the government conducted research on e-commerce as an industry. Called E-Commerce in Canada: Pursuing the Promise, Report of the Standing Committee on Industry, Science and Technology, this report shed a great deal of light on the impacts of e-commerce and mobile e-commerce on retailers.  

According to the report, 79% of Canadian households have internet access, and of this 79%, 74% use the internet to browse or shop for goods or services online.  In 2010 alone, online purchases resulted in $15.8 billion in sales. The online market is booming – but how is it affecting your business?

Now, more than ever, Canadians are coming to rely on their smartphones for far more than just talking and texting – realistically most of what can be done from a laptop in the home office can be accomplished anywhere from a mobile device. This on-the-spot purchasing power that mobile e-commerce represents is great for consumers, but not so good for retailers trying to deal with the competition.

So how can you handle the impacts of mobile e-commerce? It is simple. Sure you may not be able to offer the same convenience that comes from the ability to give consumers what they want at the tap of a finger, but by working with a retail merchandising company you can keep those consumers in the store and maintain sales.

Where grocery stores are concerned – a great deal of shoppers do their shopping in store. If you offer CPG brands that are sold in a grocery store then your customer’s in-store experience is key, especially if you want to keep them coming back to buy more.

Think about it, when a consumer makes a purchase online, generally as far as they can see the product is available, clearly priced, they expedite payment and then their product is delivered. Customers must have the same experience when they visit a retailer to purchase your product. Product should be in stock, clearly priced and where it is supposed to be according to your planogram.  

Experiential marketing and promotional campaigns are also a great way to manage the mobile e-commerce rivalry. Once you get consumers through the door an intelligent way to influence their purchases is to make suggestions through campaigns that offer sales or give them a chance to try.

A great way to manage your retail merchandising and have boots on the ground, without the cost of a huge team, is to work with a retail merchandising company who has the coverage and expertise to support your needs at a fraction of the cost of having a front line workforce.

For many retailers, e-commerce represents a huge market for sales – as long as you are using it to sell. If you are not, you need to be looking at other methods to deal with this competition.

For more information about how to handle the competition created by mobile e-commerce, please contact Storesupport today by calling 1-877-421-5081 or visit us online at www.storesupport.ca.

People Support During Busy Back-to-School Season: Merchandising Companies Have You Covered

Retailers get ready! September is almost upon us and with it comes the back-to-school shopping blitz. Children heading back to the classroom all need the newest duds and gadgets – so make sure that they are coming to you for them – and leaving your store satisfied.

During the back-to-school craze, retail merchandising is crucial, and you need to be ready. Having sales clearly marked and shelves stocked is important – but these are not the only things that will make this shopping season profitable.

One of the hardest things for retailers with regard to back-to-school shopping is the crowds. As soon as the calendar hits August, most parents get their lists together and head out to prep for September. This requires a delicate balance for retailers. You need to make sure that you have enough people on the floor to cover this extra volume, both in departments to offer assistance, at the cash registers to prevent long line-ups, and in the stock room making sure that shelves and racks do not go empty, leading to lost sales. That being said, you don’t want to have to go through the process of hiring a new group of temporary employees just to cover this one month. And even though you may not be planning on retaining these employees after back-to-school shopping is over, they still need to be trained - and training costs time and money.

A retail merchandising company that offers people support is the best way to handle this demand. Instead of having to go through the entire hiring and training process, a merchandising company can provide you with experienced, professional, well-trained individuals to fill any positions necessary: cashiers, sales associates, floor staff, or employees to stock. This takes care of all of the hiring costs and training resources that you would need to spend to do it on your own. Additionally, since these employees are contracted on a temporary basis, once their assistance and support is no longer needed you don’t have to go through the messy and costly process of letting them go.

Don’t wait until the week before to devise a plan for back-to-school shopping – after all most stores have had ads promoting sales out for weeks already – and it is only July! Get going on your back-to-school shopping retail plan now to ensure that it is implemented correctly thus achieving the biggest returns. Don’t get lost in the shuffle; make sure that you have enough people – and the right people – there to support you.

For more information about a retail merchandising plan which includes people support for back-to-school shopping please contact Storesupport by calling 1-877-421-5081 or visit us online at www.storesupport.ca

Retail Merchandising “Down” Your Business

Target Corp. has been in the news a great deal recently and retailers across Canada are modifying their retail plans as a result of the influx of new stores that are being opened. Although Target, as a big box store, does present some stiff competition, many previous big box retailers are moving in a different direction – down.

A recent article in the Globe and Mail, “Goodbye, big box?”, speaks to the issue of how this competition has led to a realignment of big box thinking, sending current retailers on a new course to keep up. One of Canada’s largest providers of automotive parts and home products, formerly focused exclusively on doing things ‘big’, is making plans to ‘downsize’ in an effort to see sales increase. Focusing more on the retail merchandising factor plays a big role here.

How is this retail merchandising downsizing going to help? Well, in an effort to ramp up customer service, it actually makes a lot of sense. More mature consumers don’t want to spend as much time walking up and down isles – and so a smaller store will allow them to get their shopping done faster. It also allows for higher customer service levels – something that is crucial with this generation. Brand loyalty suffers when a customer feels unsatisfied with a retailer’s service, and so giving more to the consumer means higher levels of brand loyalty.

Retail merchandising in this situation is also key in order to retain those customers that tend to turn to online shopping. The younger generations, millennials for example, are often tempted by the lure of online shopping – so a strong retail merchandising plan will help you retain their business with things like experiential marketing.

If you are thinking about traveling the same route as those big box stores, you have to make sure that you have a strong retail merchandising plan in place to ensure that customer service does not suffer as a result.

People support: Many stores are keeping their big box locations as temporary inventory spaces, and a retail merchandising company can provide the personnel required to staff each location. Well-trained, professional employees, available on short notice and a temporary basis, can mean the difference between customers leaving happy and planning to return and leaving unsatisfied and shifting their loyalties.

Planogram set-up: A retail merchandising company can also set-up, tag and price, and install any signage in the new location. This ensures planogram compliance.

Store closures: If you are closing a store and sections of the store are being closed as inventory is sold, let a retail merchandising company assist in rearranging the store so that it is still shopper friendly. This way your employees can remain focused on providing excellent customer service at a time when it is crucial, and a retail merchandising company can make sure that customers can still find what they need.  

If you are planning to downsize in the future, don't ignore the importance of retail merchandising in these scenarios.  For more information about how retail merchandising can ensure your customers don't feel pressure to switch please contact Storesupport by calling 1-87-421-5081 or visit www.storesupport.ca

The Changing Face of Retail Merchandising in Canada

No matter what you sell, if you operate in the CPG industry you know how important it is to keep up with changing market trends. Generational gaps as far as spending behaviours have likely not escaped your notice over the last few years – but are you taking advantage of all of the opportunities that these generational differences offer? If you don’t have a retail merchandising plan that considers them, probably not.

Baby boomers have long been the largest group being catered to – largely because they represent the largest group of loyal customers. But the old adage ‘if it’s not broken, don’t fix it’ will no longer mean profits in the long run. Ignoring those other generational groups which represent the buyers of the future is not going to do you any favours. Casting aside the fact that in the next 10-15 years they will represent the largest group of consumers, millennials need to be catered to in a very different way than baby boomers.

Now, now, now. Patience is often touted as a key virtue which millennials fail to exhibit. If a product is not where it should be, or if it is not in stock, most millennials are just going to turn to the next best thing – and if they like that product, what is to stop them from purchasing it next time?

Price vs. quality. Millennials tend to be more price sensitive than baby boomers, and so making sure that products are labelled correctly is also important. If a product is priced incorrectly, the cheaper product might be what makes its way into the shopping cart.

So how can you overcome these all too common challenges? Consider working with a retail merchandising company that can provide a suite of services which will help to ensure that your product is where it should be, in stock, and being marketed the way that you want.

Planogram compliance: You have spent the time and resources researching which planogram will be the most effective, so enlisting the services of a retail merchandising company allows you to ensure your expectations are being met.

Quality assurance audits: Are products priced correctly? As mentioned, price sometimes exceeds quality on the wanted list, so making sure that your product is not being overshadowed is crucial.
Mystery shopping: Are employees stocking shelves in a timely manner? Are they able to provide the correct information about your products? A mystery shopper can answer these questions and give you the ability to fix any issues.

Retail merchandising in Canada represents a vital tool by which to attract both those millennials and baby boomers with different marketing tastes. Don’t cast one aside in favour of the other.

For more information about the benefits of retail merchandising in Canada, please contact Storesupport by calling 1-877-421-5081 or visit www.storesupport.ca. 

Retailers Give Preference to In-store Brands Through Retail Merchandising

Private labels have been immersed in a battle to compete with store brands in the consumer packaged goods space for many different reasons. This represents a huge challenge to B and C level brands. 

Store brands are more competitive than ever, offering lower prices on the backs of the brands that they compete with. In addition to lower pricing, better packaging, marketing campaigns and preferential retail merchandising has made is more difficult and more expensive than ever before to compete.

National brands with deep pockets are definitely better positioned to compete. Smaller B and C brands are in a vulnerable position and in a virtual war zone because they not only find themselves having to compete with the store brands but also with the national brands.

This is a real catch 22 because in order to sell product, private brands must maintain strong relationships with the very stores that have brands that they are competing with, and in some cases, even white label their products to. Without the retailers, brands don’t have a place to sell their products. Without strong sales, brands face having their products de-prioritized and even de-listed.

If you represent a brand, you know that you pay big bucks to have your products listed with retailers. Retailers who sell their own brands give preference to the retail merchandising of their brands which means that private brands must make a more assertive effort to control their retail merchandising at the retail level.

When a retailer gives preferential retail merchandising to their brands, what does this mean for you?

It means that they see better product placement and more effort is made to see that that product is properly priced, in stock and on the shelves.

The only way B and C brands can compete in this environment is to make more of an investment in the customer’s experience through increasing their investment in retailmerchandising at the point of purchase to ensure customer retention and customer loyalty.

So how can you do this? By knowing where you stand at the retail level at all times and having eyes on the ground at the retailers. When customers are in-store the three most common reasons that they shift brand loyalty are when products are moved, when products are not properly priced and when products are not on the shelves.

If you represent a smaller private brand you can work with retail merchandising companies to come up with a plan to ensure that your product is where you expect it to be, is not in stock but not on the shelf, is not out of stock or is not improperly priced. This could include scheduled visits by the retail merchandising company to ensure that your in-store presence is in order. Retail merchandising companies can be provided with your product so if it is out of stock, they can place more product in-store. If product is sold out on the shelf, they can go into the stockroom and place more product on the shelf. If your product has been moved, you will be made aware of it and they can even correct incorrect pricing.

These small changes can make an incredible difference in your sales. When customers visit the retailer, your product will consistently be available to them. When other brands see their products sell out now you are in a position to shift the customers’ loyalty to you because you not only offer great product but your brand is reliable.

For more information about how you can compete with store brands or for more information about our retail merchandising solutions please contact Storesupport at 1(877) 421-5081 or visit www.storesupport.ca.