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WE the RETAIL 2015LOGGING I S T H E N E W S H O P P I N G
iDeb @iDoTwt
define
Online + offline = experience
Sto
res
Retailers should sell experience , and not products
designRetail Store Interiors That attract People To Buy Products
Likewise online experience –enhance online sales
Source: http://www.shopify.com/blog/12927757-how-to-create-retail-store-interiors-that-get-people-to-purchase-your-products
Impulse buyMood swing ~ $
Take a walk – retail therapy Window shoppers are welcome
digital
Online retail – disruption of change with internet boom
Internet of Things Wearables online Payment systems
What NEXT –influencers
Click + mortar : balance channels Back to Square Feet Area –
Lenskart.com opening stores CaratLane.comPepperFry.comUrbanladder.com
ROBO – research online buy offline ?
eMarketer: > 80% of shoppers who visit
an ecommerce site do not know what
they want to buy. Which means that in a
$15 trillion global retail industry, there is
a lot of opportunity….
online + offline store complete the
experience - that new customer look
forward to in future
Online Repeat buyer is tough - get them
offline
Point-of-View
Born
SchoolCollege
Job
Digital gap
Consumption Experience Phase Social media experience – leading to purchase phase
• Followed favorite brands or retailers ONLINE• Discover brands which was not known or brands in
which individual developed a particular interest• Researched a brand including reading others’
feedback• Posting comment about brands – consumer
engagement• Connect with people who have common brand
interest• Online shopping and influence other shoppers• Better online service – lead to online purchase –
also increase offline footfall
Beyond
As the Digital gap reduces – more likely the buy/ purchase activity increase in consumer
Online (Retail) touch points Online sale conversion is dependent on technology/ social status / disposable income
at every stage of Consumption Experience Phase