Connected Retail has the potential to revolutionise the industry and transform how retailers operate and how they connect with consumers. It has enormous capacity to improve operations, streamline processes and lead to greater efficiencies.
Connected Retail will improve the in-store experience, breathing new life into the high street in three core areas:
- Improving service delivery through linking consumer data and research to purchase phases.
- Delivering a personalised experience by tailoring products to consumers’ personal requirements to support sales.
- Enhancing the brand experience by creating meaningful experiences that move the consumer from transacting to conversing with brands.
The role and impact of Connected Retail in these areas is already reaping benefits on the high street and can be understood better by taking a look at what leading brands are achieving.
In this series of blog posts, I’ll be exploring each of the above areas starting with a look at improved service delivery.
Improving service delivery
Improving operations and processes through the use of new technology not only leads to a better customer experience but many retailers are realising operational benefits and an improved bottom line.
By linking customer data and mobile and tablet devices employees can be empowered to build better, more meaningful customer relationships. Apple is excelling at this.
Mobile POS, product demonstrations, customer consultations and access to real-time inventory in-store, has established it as a leading player in the field with the authority to build valuable, life-long customer relationships.
Neimen Marcus is also breaking new ground with its location positioning iPhone app which enables employees to quickly access a customer’s purchase history, and allows for service based differentiation in-store which helps the customer make more informed purchasing decisions and therefore, delivers a more personalised service.
New technologies mean that retailers can offer an enhanced sales experience. Vanquish Japan’s digital displays change to show items related to those selected by the customers, enabling for product discovery and cross selling.
Advances are also taking place in payment processing. Nordstrom’s mobile POS checkout app is a good example of this.
The app reduces the cost to serve by enabling staff to checkout customers from the aisle and also eliminates queues improving the shopping experience.
The wave of digital and technological innovation that is sweeping across the high street is creating a shopping environment with the connected consumer at its heart.
We predict that the new norm will be a high street that is never closed, which provides a truly personalised service and encourages the shopper to explore and enjoy a brand.
So far, the industry has only dipped its toe in the water but it will not be long before many retailers are left behind. The very real benefits of Connected Retail are here now for the taking.