The New Consumer Profile: How Do Today’s Shoppers Engage with Digital Tools? Comments Off on The New Consumer Profile: How Do Today’s Shoppers Engage with Digital Tools? 4936

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The profile of the new consumer and their behavior are quite different from what retailers have grown used to working with. Today, people who walk into your store come in already informed, almost always knowing what they want and with an idea of the prices they could find at your competitors. The traditional “just browsing” visit may still happen, but it’s no longer the rule.

Modern customers shop at physical POS locations for the experience they get there and the service they receive, and they come with new demands in mind. That’s what we’re going to talk about in this article. Keep reading to find out how to reach these people!

What is the profile of the new consumer?

Digital transformation hasn’t just impacted businesses, which have become more computerized and connected. It has also changed the way we interact with simple services. At this point, it’s rare to meet someone who only uses taxis to get around town or who has never made an online purchase.

Just as we’ve updated our strategies to understand consumers and offer them more value, using resources like BI, the public has learned to demand that brands go the extra mile. Stocking your shelves with a large number of products and keeping them in stock is no longer the only thing to do.

An excellent shopping experience, from the moment customers come into contact with your brand (whether through an ad or because they walked past the store) all the way through after-sales, is what most people are looking for. In-store interactivity, speed, convenience and resources they can take home, such as an app where they can check their loyalty program points, have become essential. This benefits both the store and the people who visit it.

What are the advantages of engaging with the new consumer?

The tools that empower consumers are on the rise, and they’re highly beneficial for businesses. Check out how each of them impacts retail and how they can be applied in your store!

Apps

Even if you don’t have an e-commerce site, an app can make your users’ lives a lot simpler. While the in-store experience is important, what we do beyond it also transforms the customer’s life.

Good after-sales service, for example, can benefit from an exclusive communication channel where consumers talk directly to your brand, whether through a chatbot or with a service rep, without intermediaries or long wait times. The advantage is that, when they’re well served, customers tend to come back to the store and increase their average ticket.

Blogs

Blogs and vlogs are an excellent opportunity to promote a store, producing content that brings consumers to your location. They can explain a product’s features or share what’s new. They’re excellent for bringing to the POS customers who already know exactly what they want to buy and who will definitely make a purchase.

This process of informing consumers is a more effective way of doing marketing, one that requires smaller investments than traditional media and delivers a higher ROI. Betting on digital influencers is another good idea, since the new shopper trusts the information shared by these authority figures.

Digital storefronts

Gone are the days when mannequins were enough to grab attention. Digital storefronts are the new stars of the shop front and can be considered entertainment in their own right.

With so many possibilities, they let your business deliver a message to everyone right on your storefront and captivate passersby who are ready for a new experience. It becomes easier to attract customers and give them an idea of what they’ll find at the POS.

Interactive tools

Interactive resources, such as digital panels and self-service kiosks, make checkout and the buying process more efficient, saving money for the business owner and providing an attractive alternative for customers looking for speed and convenience. They handle 100% of the shopping experience and, when integrated into a store, allow any questions to be answered on the spot by a trained associate.

What can you do to offer a more digital experience?

Using digital tools is the easiest way to deliver enhanced experiences to this consumer. Until recently, when few people had access to technology, rolling out new features was a double-edged sword. On the one hand, it impressed; on the other, it could feel strange and alienate the part of the audience less familiar with innovation.

Today, however, we spend a good part of our time interacting with screens, and we want to see them in stores. Digital storefronts, projection mapping and self-service options are the kind of thing we expect when we walk into a store. With the rise of e-commerce, we gained the option of shopping without leaving home. So it’s the experience that motivates us to go to a retailer.

Get to know what your audience wants

To make the most of technology in your store, start by getting to know your consumers better. Try to understand which media they use most often, how they engage with them and what they’d like to do when they walk into a store but still can’t.

Use benchmarking

Research your competitors thoroughly and see what solutions they’ve already implemented. However, use this benchmarking only as a tool to get ahead, and never as something that keeps your retail business from innovating.

Use technology

Think of strategies to get customers to spend more time in the store, such as virtual mirrors and augmented reality. Look for a specialist to help you identify the technologies that best fit your target audience and that will make a difference in your results.

Innovate

Finally, don’t forget to evaluate how these resources can always be used in a different way. They need to reflect your store’s identity and shouldn’t be adopted just so you can say you’re investing in new things. Without a concept and a practical function, technology tends to make a store less attractive, not more.

If your competitor already has a digital storefront, that’s no reason not to invest in one. It’s just a reason to think about how to do it differently, in a way that draws more attention to your business than to theirs.

The new consumer profile isn’t just more digital. It’s also more informed. Keep this in mind and deliver a rich shopping experience, one that’s as valuable as other forms of entertainment.

Enjoyed getting to know the profile of the new consumer better? See why this information is so important to your business’s success!

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Why Is Working with Data Important for Your Store? Comments Off on Why Is Working with Data Important for Your Store? 1187

dados

Did you know that by collecting data from your customers, you can transform your store and improve sales, making them increasingly targeted and qualified?

That’s because working with data is one of the biggest differentiators in retail: it provides valuable information that can help you build an efficient sales funnel and make strategic decisions.

Data collection at the POS (Point of Sale)

The moment a customer walks into your store, they leave behind a trail of valuable information. From purchasing behavior to interactions with specific products, every customer action can be turned into data that helps you better understand their preferences and needs.

When analyzed correctly, this data generates insights that go beyond surface-level observations, enabling more strategic actions.

How does data help the sales funnel?

By observing customer behavior, you can map each stage of the sales funnel — from attraction, through engagement, all the way to conversion. This lets you personalize the shopping experience, increasing your chances of closing the sale.

With data collection, you can, for example, understand which products draw the most attention, which areas of the store generate the most traffic, and even predict customer preferences, delivering personalized offers.

-> Meet Granometrics.io

Alice Wonders’ Granometrics.io is an innovative multisensor platform that turns the physical store into a powerful source of data for strategic decision-making. Using advanced technology, it maps the store’s physical space, analyzing and delivering insights so retailers can act with greater precision and efficiency.

On top of that, Granometrics.io lets you measure shopper interest, map behavior by zone, and analyze interest by category and SKU.

The platform offers a granular, strategic view that helps optimize operations, improve the customer experience, and maximize sales results in the physical environment. It’s an essential solution for anyone looking to combine innovation and performance in retail.

What are data and insights?

Although many people confuse the two terms, it’s important to understand that data is the raw information you collect. Insights, on the other hand, are the conclusions or actions that can be drawn from that data.

By embracing a Data-Driven culture, your store becomes more efficient, making decisions based on real information rather than assumptions. For example, data might show that a certain product is in high demand, while an insight reveals how to position it better in the store to maximize sales.

The importance of a Data-Driven approach

Adopting a Data-Driven approach means making informed, strategic choices. If you’re not collecting this data, you’re missing out on valuable opportunities to optimize your business. With the right analysis, you can identify trends, anticipate customer needs, and proactively adjust your product offering.

In addition, a well-structured POS, built on data and insights, helps improve the customer experience. By better understanding consumer behavior, you can create a more appealing environment, with products and offers that truly meet your audience’s expectations, fostering loyalty and boosting retention rates.

Conclusion

Investing in data and insights isn’t just about modernizing your store; it’s about building a solid sales strategy grounded in a deep understanding of your customers. By using this information correctly, you can optimize your sales funnel, increase conversion, and deliver richer, more satisfying experiences to your consumers.

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2024 Retail Trends: Innovative, Experience-Focused Stores Comments Off on 2024 Retail Trends: Innovative, Experience-Focused Stores 3807

Have you noticed how retail is evolving? Let’s walk through the top retail trends for 2024: innovative, experience-driven stores.

Now more than ever, customer experience is at the heart of retail success. The way you, as a retailer, present your products and interact with your customers is shaping not only the future of your business, but the future of shopping as a whole.

At Alice Wonders, we recognize that today’s retail goes far beyond simply selling products. It’s about creating unforgettable, exciting experiences.

In this article, we’ll dive into the 2024 trends defining innovative, experience-driven stores, based on research and forecasts from WGSN. These insights give you, the modern retailer, creative ideas and strategies to stand out in a highly competitive market.

Get ready for a journey of innovation and discovery, where technology, creativity and emotion come together to redefine the shopping experience.

Welcome to the new era of retail! Happy reading ✌️

Retail trends 2024

Retail Trends for 2024 According to WGSN

  • Spaces Driven by Engagement and Inspiration: The search for superior experiences in physical stores is translating into spaces that foster engagement and inspiration. Community-focused concepts and the creation of inspiring environments are becoming increasingly important.

Example: Imagine a clothing store that, in addition to selling products, offers fashion and personal styling workshops. This space doesn’t just sell clothes; it becomes a place of learning and inspiration, strengthening the emotional connection with customers.

Benefits: These spaces build a community of loyal customers, increase dwell time in the store and drive greater brand engagement.

  • Technology and Omnichannel Performance: Integrating technology into the in-store experience is a growing priority. Technologies such as virtual reality, augmented reality, holograms and immersive projections are delivering immersive, interactive product experiences and strengthening brand engagement, while supporting efficient omnichannel operations.

Example: An electronics store that uses augmented reality to show customers how different devices work and fit into their homes.

Benefits: Improves the customer experience, provides detailed product information and integrates online and offline experiences, boosting sales and customer satisfaction.

  • The Evolution of Store KPIs: Retailers are adapting their KPIs to better reflect the role of stores in the omnichannel customer experience. Metrics such as “sales per minute of engagement” are being explored to assess the impact of customer engagement across different channels.

Example: A store that measures success not only by sales, but also by the time customers spend interacting with products and taking part in in-store events.

Benefits: Enables a more accurate assessment of how the in-store experience impacts consumer behavior and purchasing decisions.

-> Learn more about granometrics.io
Granometrics.io is a multi-sensor platform that maps the physical store and delivers insights for decision-making and immediate action.

With Granometrics.io, you can measure interest and map shopper behavior by zone, category and even by SKU.

  • Smaller Formats, Big Innovations: The trend toward smaller stores, such as pop-ups and location-focused approaches, is growing. These formats make it possible to test new concepts and cut operating costs while maximizing reach.

Example: A luxury brand that launches pop-up stores in strategic locations during fashion events, offering exclusive experiences and limited-edition products.

Benefits: Increases brand visibility, reduces operating costs and makes it possible to test new markets and products with lower risk.

  • Loss Prevention and Store Design: With theft on the rise, especially in high-value retail, loss prevention is becoming a crucial part of store design. Innovative technologies are being implemented to protect products and improve the shopping experience.

Example: A department store that integrates smart cameras and RFID tags to monitor products and prevent theft without compromising the store’s aesthetics.

Benefits: Reduces financial losses, keeps products secure and ensures a pleasant shopping experience for customers.

  • Store Designers as ‘Experience Designers’: Opening a new store now calls for an interdisciplinary approach. Store design teams are working closely with marketing, IT and business strategy to create impactful experiences aligned with each department’s goals.

Example: A coffee shop that combines interactive design elements, such as walls that change color with customers’ moods, with co-working areas, encouraging people to stay longer.

Benefits: Creates a unique, memorable environment that draws customers in, increases loyalty, and positions the brand as innovative and customer-experience driven.

Conclusion

The 2024 retail trends reveal an exciting and challenging transformation in the brick-and-mortar retail landscape. Stores that embrace these trends don’t just stand out; they also create memorable experiences that attract and retain customers. As a retailer, this is your chance to adapt, innovate, and thrive in the new era of retail.

Frequently Asked Questions

  • What does the trend of ‘spaces driven by engagement and inspiration’ mean in retail?

    The trend of ‘spaces driven by engagement and inspiration’ in retail refers to creating environments that go beyond selling products. These spaces are designed to engage customers in interactive, educational, or inspiring activities, such as workshops, art exhibits, and immersive experiences. The goal is to build a sense of community and strengthen the emotional connection with the brand, turning the store into a destination rather than just a place to shop.
  • How is technology shaping omnichannel performance in stores?

    Technology is revolutionizing omnichannel performance by integrating online and offline experiences. This includes using augmented reality for product try-ons, connected inventory management systems that make it easy to buy through any channel, and data-driven personalization to deliver targeted recommendations and promotions. These innovations help create a seamless shopping journey, boosting operational efficiency and improving customer satisfaction.
  • Why does the evolution of store KPIs matter in 2024?

    The evolution of store KPIs in 2024 is crucial to reflect the unique role stores play in the omnichannel customer experience. Instead of focusing solely on sales and foot traffic, modern KPIs take into account customer engagement, product interaction, and the store’s contribution to the overall shopping journey. These metrics help retailers better understand how in-store experiences influence purchase decisions and customer loyalty, allowing them to optimize their strategies accordingly.
  • How are smaller store formats driving big innovations?

    Smaller store formats, such as pop-ups and specialty boutiques, are driving major innovations by allowing retailers to test new concepts and strategies with flexibility and lower costs. These spaces are ideal for experimenting with store design, immersive technologies, and personalized approaches. They also offer the opportunity to connect with specific market niches and generate buzz around product launches and special events, fostering innovation and creativity across the retail sector.

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