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THE FUTURE presented by STORE of the brick & mortar [what retailers need to know]

The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

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Page 1: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

THE FUTURE

presented by

STOREof the brick & mortar

[what retailers need to know]

Page 2: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

the shopping experience is

CHANGING

Page 3: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

IN-STORE innovation

Page 4: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

armed associatesmobile POS

Page 5: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

touch screens

Page 6: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

mobile-exclusive deals

Page 7: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

in-store self pay

Page 8: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

in-store mapping

Page 9: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

beacons

Page 10: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

intelligent lights

Page 11: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

in-store analytics

Page 12: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

THE NEW CONSUMER

Page 13: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

smartphone owners are smartphone shoppers79

Page 14: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

BEFORE AFTER

Page 15: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

BEFORE THE STORE VISIT

Page 16: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

smartphone shoppers use their phones for pre-shopping activities

BEFORE

90

Page 17: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

BEFORE

where are they looking?

1

2

3

search engine

retailer’s website

retailer’s app

Page 18: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

BEFORE

70shoppers expect stores to be within

5 miles of their location

1 2 3 4 5

Page 19: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

BEFORE

when do they buy?

80shoppers searching on mobile

want to buy that same day

Page 20: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

BEFORE

where do they buy?

82

shoppers that buy after searching online buy at a physical store

Page 21: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

DURING THE STORE VISIT

Page 22: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

really?

most likely to use their smartphones for a shopping trip…

DURING

Page 23: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

DURING

84smartphone shoppers use their

phones for help while

[inside] the store

Page 24: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

DURING

shoppers use their smartphones

to find information INSTEAD of asking a store associate

don’t help me

Page 25: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

DURING

76customers

purchase more products based on merchant recommendations in-store

scratch that… PLEASE help me

Page 26: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

DURING

mo’ mobile, mo’ money

$

$

occasionalphone use in-store

frequentphone use in-store

frequent mobile shoppers

spend25% more

Page 27: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

AFTER THE STORE VISIT

Page 28: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

AFTER

what do they want?

93

shoppers will provide

detailed information if they received

customized offers in return

Page 29: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

AFTER

why does it matter?

78shoppers buy from a store

more frequentlyif they receive offers tailored to their interests

Page 30: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

AFTER

71consumers are more likely to buywhen offers are

where do they wantto receive these offers?

targeted locationto their

Page 31: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

what does it all mean?that’s a lot of numbers

keeps your store relevant

mobile…isn’t just a nice to have it’s imperativegets shoppers in your store

keeps them there longermakes them spend morekeeps them coming back

Page 32: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

what it all boils down to…

most important mobile capabilities for your store to enable

Search for & select merchandise

Receive/redeem coupons and offers

Create a shopping list

Use barcodes to check price or availability

Page 33: The Future of the Brick and Mortar Store - Independent Retailer Conference at ASD LV

THANK YOU

pleasecome again