The Next Killer App: Stores

Post on 22-Apr-2015

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The already breakneck pace of retail broke the sound barrier when retail was unleashed on the Internet. And, while online retailers refined their lighting fast cross-selling, brick and mortar retailers continued to shrug at the growing void that threatens to alienate shoppers. The resulting mix has upended commerce leaving a generation of shoppers store-less. As this dust settles, retailers are waking up to the surprising reality that their registers are silent! However, in the panic to solve the loss of shoppers, stores are overlooking their best and most effective solution. Solutions that stores already have. To get our hands around the growing ramification online retailers are having on stores, we surveyed 1500 consumers, who rated and ranked in-store pick up options. – As it turns out shoppers don’t want to go into stores at all. Through several focus groups we learned, not only what appeals to shoppers, but why so many prefer online shopping—despite the fact that it leaves them wanting more. This data, coupled with insights from WD’s retail experts provides powerful answers about the online retailer dilemma while pointing to the deeper cause of the wayward shopper. In this syndicated study retailers interested in winning back the Storeless Generation, and pioneering the next big thing for stores, will find actionable concepts and get a deeper look into the mind of today’s consumers. Contact us at TalkToUs@wdpartners.com to book Lee Peterson to present the findings in person.

Transcript of The Next Killer App: Stores

the next killer app:

STORES Lee PetersonEVP, Brand, Strategy & DesignWD Partners

wdpartners.com

STORESAS WE KNEW THEM...

are over

WD is a customer experience expert for global retail brands.

Our mission is to deliver innovative solutions that will drive and shape the future of retail.

46 years • 7 offices worldwide • 400 associates

what we do

insights & strategy design & brand digital services architecture & engineering program management

Wiring the Customer ExperienceHow Consumers Are Embracing Fast-Emerging Digital Technologies

Supermarket ShowdownLeaders and Laggards in the Battle for Consumer Preferences in Physical and Digital Grocery Experiences

Grocery’s Next GenerationHow Millennials Will Change Shopping

The Continuum of CoolHow Successful Brands Stay Relevant Crossing the Generations

The Fundamentals of Aisle AttractionIncreasing Center-Store Traffic How In-Aisle Merchandising Attracts

thought leadership

Amazon Can't Do ThatUncovering Where Amazon Fails to Deliver and Retail Stores Can Win

our partners

Once Upon a time...

we did all the work

NOW

NOW

We have stores

in ourpockets!

5% Shopper visits have fallen

every month forthe past two years

Source: ShopperTrak

Internet salesevery quarter for the past two years

Source: US Census Bureau

+15%

You now bear the burden oF Fulfillment

Attention Retailers

86%#1

BUYONLINEPICKUPINSTORE

most appealingDRI technology

Source: Wiring the Customer Experience, WD Partners 2012

Overall APPEAL

Drive-thru

Curbside

Front of Store

Combined Retailer

Parking Lot Kiosk

Self-Serve Locker

Alt Location

Back of Store

57%

50%

49%

47%

32%

30%

24%

24%

2 things...

FulfillmentCenters

SocialPlaygrounds

bury the thought of what stores once were

thank you...

how to get this studywdpartners.com/research/the-next-killer-app-stores