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8/6/2019 Social Media for Retail Players
1/16
FromSentimenttoInsight
HowSocialNetworkingCanSupport
Engaged,CustomerCentricRetailing
AProspectiveView
August2009
Sponsoredby:
By:
BrianKilcourseandPaulaRosenblum
ManagingPartners
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TableofContentsOVERVIEW......................................................................................................................................................1
TheSocialNetworkingPhenomenon........................................................................................................1
CommunitiesofInterestSpringUpOvernight..........................................................................................1
ConsumerSentimentastheNewPsychographic......................................................................................2
Methodology.............................................................................................................................................2
BUSINESSCHALLENGES:DiviningDemand.....................................................................................................3
RetailersAskThemselvesWhatConsumersWantToBuy........................................................................3
ConsumersAreMostlyAnonymousToRetailers......................................................................................3
TheConsumerHasAllthePower..............................................................................................................4
RetailersRespondasBestTheyCan..........................................................................................................4
THEOPPORTUNITY: BecominganEngagedCustomercentricRetailer.........................................................5
SocialMedia:ANewWaytoEngage.........................................................................................................5
NaturalLanguageProcessingTechnologies...............................................................................................6
WhatDoestheEngagedCustomerCentricRetailerLookLike?................................................................6
ButHowToStart?......................................................................................................................................7
GettingBeyondTheSqueakyWheelSyndrome........................................................................................7
BeginToDevelopARoadmap...................................................................................................................8
THERISKS: DontStartUnlessYouPlantoFollowThrough...........................................................................9
TurningSentimentIntoInsightIsRetailReady?.....................................................................................9
TheNetworkEffectAsADoubleEdgedSword......................................................................................9
AvoidKillingtheGoosethatLaystheGoldenEgg...................................................................................10
APPENDIXA:RelevantReferenceMaterial.....................................................................................................a
APPENDIXB:AboutOurSponsor...................................................................................................................b
APPENDIXC:AboutRSR...................................................................................................................................c
FiguresFigure1:DifficulttoDivineConsumerDemand.............................................................................................3
Figure2:ContinuallyIncreasinginImportance..............................................................................................5
Figure3:SocialMediaFeedbackinContext...................................................................................................6
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OVERVIEW
THESOCIALNETWORKINGPHENOMENON
In the late 20th century, quite a bit was written about the isolation inherent in modern day
society. RobertPutnamfamouslydocumentedthedeclineofwhathecalledsocialcapital in
his groundbreaking book Bowling Alone1. Putnam observed that while more US citizens were
bowling than ever before, the number of people belonging to bowling leagues had dropped
precipitously. He used this as a metaphor for the decline of community activities and
connectionsingeneral(andsupportedhishypothesiswithcompellingstatistics).
Putnams view may have been UScentric, but technologydominated, isolated societies are a
worldwidephenomenon. TheonlyquestionoutstandingwasCanhumanssustainthiskindof
isolation,orwilltheyfindnewwaystoconnect? TousePutnamsvernacular,Howcouldwe
rebuild the social capital wed lost? The answer to that came shortly thereafter, and was
alreadynascent incommunitywebsites like iVillage.com.Computersandtechnology,thevery
thingsthathadfosteredisolationwouldbringpeopletogetherinwaysneverimaginedbefore.
ThewebbirthedMySpace,Twitter,andFacebookandanewerawasborntheageofSocial
Networking. Theviralnatureofsocialnetworkscanenableasinglepersontotriggerthousand
orevenmillionsofimpressions.
COMMUNITIESOFINTERESTSPRINGUPOVERNIGHT
Social networks make it possible for people to communicate in a new way. Social media
networkssuchasFacebookholdamindbogglingamountofinformationaboutashopper. They
notonlyknowthatshehasclickedoncertaincontent(assearchengineslikeGoogleandYahoo
do),butalsohername,whereshe lives,herage,specificareasof interest,andevenwhatshe
looks like. Such identifying information makes it possible for those with common areas of
interest to find eachother easily and exchange points of view. Ithelps also consumers find a
commonvoice.
Forexample,CanadiancountrymusicartistDaveCarrollpostedavideoonYouTubetocomplain
aboutUnitedAirlinesbaggagehandlers.Thatvideowasviewedover4.5milliontimeswithina
month of posting. Thenetworkeffect of social media can cause word of mouth epidemics
unlikeanythingthatretailershaveeverseenbefore.
InitiallythoughttobetherealmofMillennials,by2009Facebookreporteda276%growthin35
54yearoldusers. Thiswasdoublethegrowthratein20082.Thisdemographicisimportantfor
1BowlingAlone:TheCollapseandRevivalofAmericanCommunity,RobertDPutnam,Simon&Schuster,2000
2http://www.istrategylabs.com/2009facebookdemographicsandstatisticsreport276growthin3554yearold
users/
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severalreasons,butforourpurposes, itmattersbecause itrepresentsthebiggestspenders,
whoaretheprimarytargetofworldwideadvertisers.Inotherwords,eveninadowneconomy,
theresalotofpotentialspendingpowerinthosesocialnetworks.
Alongwith the potential togivevoice to millionsof frustrated travelers (as in the video cited
above),miningthedataavailable inSocialNetworkscanalsogiveretailersa look intothehot
buttonsandtriggerpointsofmillionsofpotentialshoppers. Itcanalsohelpuswrapourminds
aroundthesuddenshiftsinideas,opinionsandtastesoprevalentinthe21stcentury.
CONSUMERSENTIMENTASTHENEWPSYCHOGRAPHIC
Ninety percent of retailers surveyed by RSR in July 2008 cited psychographic assortment
localization as a key to their merchandising success. Those retailers believe that along with
tailoring their merchandise mix to the demographics of visitors to their web sites and stores,
and the geographies within which they reside, understanding their inclinations are also
important.Aretheyemptynesters?Suburban?Conservative?Fastfashionadopters?Aspiringto
be
and
act
like
their
parents?
Ironically, with all thescience at their disposal andwithever increasingmass, retailersareas
isolatedastheconsumerstheyserve.Evenwithfocusgroups,outsidedatabases,andlegionsof
buyers,retailersremainbaffledbythevagariesofdemand.
Suddenly, that data (and a lot more) is available. We have the opportunity to find out how
consumersfeel. The challenge of course, is making sense of piles of 140 character tweets,
emailstocustomerservice,andFacebookstatusupdatesandwallposts.Butevenan industry
accustomed to drowning in data has been forced to cry uncle in the face of this pile of
seeminglyunstructuredsnippets.
Thequestionsweattempttoanswerinthisbriefreportarestraightforward:
Canstructurebebroughttothesemountainsofunstructuredbitsandbytes Oncestructureisbroughttoit,canitbeused? Andifitcanbeused,whatarethebestusesofiteveninadowneconomy?
Ifstructure can bebrought, and thedatacanbeused, the sentiment psychographiccan be
used to help drive a new, more responsive retail enterprise. RSR calls this The Engaged,
CustomercentricRetailer.
METHODOLOGY
Inprospectivereportslikethisone,RSRpullstogetherdatapointsfromavarietyofdifferent
sourcesandbringthemtogetherintoanewwhole. AlistofRSRreferencedocumentsisin
AppendixA. Weidentifyothersourcesinfootnoteswithinthereportitself. Wesupplement
thesedatapointswithinterviewstoaddcolorandsubstancetoourconclusions.
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investigatethebestvalue:quality,price,andavailability.Sheisnolongerunopinionatedwhen
shewalksintoastore. Infact,shesloadedwithfacts.Demandiscreatedoutsideofthestore,
potentiallyoutsideoftheretailerscontrol.
Winningretailershave learnedtousethe Internetasa leadgenerationenginefortheirstores
bymakingcontentabouttheirproductsandservicesavailableontheInternet,aswellmakingit
possible for the crosschannel shopper to begin transacting before entering the store. Retail
winners know that their multichannel customers are more profitable than single channel
shoppers. Savvyretailershavealsolearnedtouseinternetsearchdatatogainanunderstanding
ofwhatconsumersarelookingfor,andtoworkwithInternetsearchenginestoputmessagesin
frontofthepeoplemostlikelytoseetheirvalue.
Butinallofthesemethods,thedataisaboutretaileractions. Afundamentalquestionremains:
whatdoestheconsumerhavetosay?Asitturnsout,plenty.
THECONSUMERHASALLTHEPOWER
Therateoftechnologychangeinthepastfifteenyearshasshakenthefundamentalsofretailing
to its core. In 2007, retailers reported their biggest business challenge to be Consumer
complaintsabouttheirinstoreexperience3.Weobservedatthattimehowsocialnetworking
had set retailers back on their heels and retailers were creating various mechanisms in an
attempttostanchthevolumeofcomplaintsandcriticisms.
Thesesqueakywheelshavesentamessage. Retailershavenowsetabouttheworktoprovide
consistentconvenienceacrossalltheirsellingchannels.
RETAILERSRESPONDASBESTTHEYCAN
Retailers now have a variety of mechanisms available to sense the new psychographic of
consumer sentiment. They have Facebook and Twitter pages, feedback forms on their web
sites,outsourcedhelpdeskstospeakwithfrustratedconsumersandproductreviewsectionsof
theirwebsite. Thisstill leavesuswiththesamefundamentalquestion:howcanretailerssift
through these volumes of unstructured data to find trends? If there is such a thing as The
Wisdom of the Crowd, is it found in the loudest voices, or behind the noise, in the most
persistentsentiments?Howcanretailersbluntthenetworkeffectofnegativeopinionbeforeit
becomesepidemic,andhowcantheyusethenetworkeffectinapositivewaytocreateabias
fortheirproductsandservices?
Thesearethechallengesthatwinningretailersaretryingtoaddressthroughsocialmedia.
3 Technologyenabled Customer Centricity in the Store, by Paula Rosenblum, originally published by
RSAG,March2007
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THEOPPORTUNITY: BECOMINGANENGAGEDCUSTOMERCENTRICRETAILER
SOCIALMEDIA:ANEWWAYTOENGAGE
With traditional media, the dialogue is oneway and feedback is indirect. Retailers and their
partnersspendmillionsadvertisingtheirproductsandservices,andfeedbackcomesintheform
of success or failure at the checkout counter. Web 1.0 eretailing is fundamentally no
different:marketingmessagesaredeliveredviathemedia,andconsumersrespondbysearching
andpurchasing.Web2.0socialmediahoweverisfundamentallydifferent. Itsdirectandtwo
way; in a word, conversational. It has the potential to return social capital to the fabric of
retailingmuchlikeconversationsatthecornerstoresofthe19thandearly20thcenturies,but
onalarger,morehightechscale.
Ofcourse,as inreal life,thebestwaytohaveaconversation istostartone. Inthepast two
yearsretailershavebegunawakeningtotheopportunity inherent inengagingsocialmediato
maketheirproductsandservicesknowntomembersofthosenetworks(Figure2).
Figure 2: Continually Increasing in Importance
Source: RSRResearch,August2009
Thequestionforretailersis,howengagedshouldtheybeandhowdotheycollateandquantify
shoppersentiments?
Firstofall,messagesfromvarioussocialmedia,whetherintheformofFacebookpostings,email
messages, blog entries, or Twitter tweetsarenotdata they are sentiments expressed in
plain language. Short of having an army of call center analysts manually codifying such
messages,retailershavenonontechnicalwayofturningthatunstructuredtextintostructured
data,sothatitcaninturnbetransformedintotrueinsights.
31%
46%
23%
11%
56%
33%
LittleOpportunity SomeOpportunity AlotofOpportunity
PerceivedOpportunityfromSocialNetworksorOtherFormsofDirectCustomerInput
2008 2009
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NATURALLANGUAGEPROCESSINGTECHNOLOGIES
The good news is that technologies do indeed exist to analyze natural language and
contextualizeunstructureddatafromsocialmediaallowingustogenerallyinterpretasentiment
as either positive or negative. Pertinent words can be extracted (for example, mention of a
productorastore). Theseextractedandcontextualizedbitsof informationcanbestructured
intoadataformatthatcanbeprocessedbytheretailersinternalbusinessintelligencesystems.
Formatted data could be matched to internal databases including the Customer database to
helpprioritizesentimentfromloyalcustomersvs.noisefromanamorphouscrowd. Basedon
the nature of the contextualized sentiment, an appropriate alert can be triggered to the
appropriatecustomerservicerepresentative.
WHATDOESTHEENGAGEDCUSTOMERCENTRICRETAILERLOOKLIKE?
Retailers capture a tremendous amount of internally generated information from their
transactional systems (Figure 3). Historically, that information has been used to develop
forecastsandmerchandisingplans(productassortments,allocations,price,promotions)aswell
as marketing strategies, to develop operational plans (store plans, labor plans), and to track
performance (financial and sales information). Retailers also brought in externally generated
datatogainmarketandcompetitiveintelligence,tohelpthemfocustheirefforton increasing
marketshareandprofitabilityofkeycategoriesofproducts.
Figure 3: Social Media Feedback in Context
Source: RSRResearch,August2009
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In the 1990s, the advent of loyalty schemes and multichannel retailing enabled retailers to
identifycustomers individuallyandengagewiththem innewways,focusingmarketingefforts
onthosemostlikelytotakeadvantageofoffersinordertobuildloyalty,and offernewwaysto
delivervaluetoconsumers.Someretailershavestudiedclicktrackandsearchargumentsfrom
theirownwebsitesandexternallygeneratedoncommercialwebsitestobetterunderstandwhat
consumersarelookingfor.
Butinafasterpaced,moreunpredictableworld,gettingclosertocustomersentimentsbecomes
avitaltacticforproactivelymanagingcustomersatisfaction.Measuringsentimentandmarring
thatnewdatatocustomerspecificandmarketintelligenceenablestheretailertoquicklyassess
the impactof itsactions. Plus, itcreatesanewonetoonetouchpointtotheconsumer. No
longer is the retailer solely dependent on the store clerk to create that moment of truth
impressionontheconsumer.
BUTHOWTOSTART?
For
retailers
who
havent
begun
experimenting
with
the
two
way
communications
capabilities
ofsocialmedianetworks,anobviousquestionis,howdowebegin? Thequestionshouldbe
answeredaspartoftheretailersoverallcrosschannelmarketingstrategy. Issuesthatneedto
beaddressedinclude:
One,afew,ormanysocialmedianetworks?Whichones? What are the intended objectives of the engagement? Promote the Brand (eg.
community involvement)? Product promotions? Special onetime offers? Employment
opportunities? Employee support? Customer support? Special services? Corporate
communications?
Organizationally,whowillownsocialmediacommunication? Howwillsuccessbemeasured? WillITsupportberequired? Will there be involvement from internal support organizations? What level of
involvement?
Howwillweseparateoutthenoise?GETTINGBEYONDTHESQUEAKYWHEELSYNDROME
Asecondimportantaspectofanygoodconversationisinlistening. Retailersneedtodecideup
frontwhattheywilldowiththedirectfeedbackthattheygetfromsocialmedia. Likeanyother
data,thisnewinformationmustbeprocessed. Forexample,wheredoemployeecomplaintsgo
to? Customercomplaintsaboutproducts? Aboutservices?Suggestions? Corporateinquiries?
Justasinfacetofacecommunications,responsestosocialmediacancomeinthreeflavors:
Competitive listening (not recommended): where the listener is more interesting inhis/herownpointofviewthantheotherpartys;
Passivelistening:wherethelistenerabsorbsbutdoesnotverifythemessage;
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Active listening:where the listener engages, feeds backandverifies themessageandcommitstofollowup.
Inthecaseofthebusinessuseofsocialmedia,retailersshoulddevelopusecasesbasedon
theobjectivesthathavebeenestablishedforthetwowaycommunications.
BEGINTODEVELOPAROADMAP
As experimentation with social media evolves, retailers need to begin thinking of a future
scenariowheresocialmediasentiment isinterwovenintothebusinessascustomerinsight.To
that end, the long term impact of data derived from social media on people, process, and
technologyneedtobeanalyzed. Onewaytoapproachdevelopingaroadmapistomapthese
datato the internalbusinessprocesses thatare impacted.That inturnexposes the impactto
technologiesthatsupporttheprocesses,andthepeoplewhoexecutethoseprocesses.
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THERISKS: DONTSTARTUNLESSYOUPLANTOFOLLOWTHROUGH
TURNINGSENTIMENTINTOINSIGHTISRETAILREADY?
Asretailerscametolearnintheearlypartofthisdecade,oneaspectoftheInternetthatcanbe
both exhilarating and alarming is that it is without boundaries, and the potential for rapid
scaling isreal.Thechallengeforretailerswhen itcomes toany technologyenabledconsumer
capability is that although the developmental stages of the new capability may be very slow,
consumer adoption is often dramatic and very rapid. Those retailers that choose to tap into
consumer sentiment as expressed on social media networks could find themselves
overwhelmed very quickly by trying to respond to every issue raised. Nor should they be
tempted not everyone who may comment on service issues or product quality concerns is a
customer(orever likelytobe).Aninherentproblemwiththenoisefromsocialnetworks,e
mails,andotherformsofelectronicsentimentisthatthereisnowaytoranktheirimportance,
andsotheytendtobehandledfirstinfirstout,ifatall.
Technologyshouldplayaninevitableroleinresolvingthechallengeofgettingpersonalwiththe
rightcustomersthroughtheuseofsophisticatedtechnologytoturnunstructuredsentiment
into usable data that can then be meshed with other internal information to create insights.
However, most retailers dont see the connection between the challenge of consumer
unpredictability,theopportunityofcreatingasingleBrandidentityacrossallchannels,theuse
ofsocialmediatogetdirectconsumer inputandtechnology. Inanotherstudypublishedby
RSRinMay2009,itwasrevealedthatonly30%ofretailers(and32%ofwinners)ratehelping
thecompanywinnewcustomersandretaincurrentcustomersasatopexpectationofthe IT
function within their companies.4 Clearly, the industry needs to be informed as to the new
possibilities. Butonethingshouldbeclear:ifretailersarentreadytofullyengageandprocess
socialmediafeedbackthattheythemselveshavetriggered,theyriskturningwhatwasintended
tobeaproactiveoutreachtonewcommunitiesofconsumersintoadisincentive.
THENETWORKEFFECTASADOUBLEEDGEDSWORD
OneofthebenefitsconsumersexperiencefromSocialNetworksisasenseofcontrol.Theycan
speaktotheirpeers.Thosepeersempathize.Andtheanswerstheyreceivetocomplaintsand
concernsareunscripted,unlikethosetheyreceivefromhighlyscriptedhelpdeskandcustomer
servicepersonnel. BUTthesesameconsumersperceivetheirnetworksastheirown.
Social Network Facebooks attempt to change its privacy rules (and declare all posts past,
presentandfuturetobe itsproperty)metwithserioususerrevolt.Eventuallythetechnology
providerrelented,andsoftened itsstance. ButasrecentlyasJune2009,amessagefound its
wayintothousandsofusersstatuses,andevenshowedupintheNewYorkTimes.
4ITandBusinessAlignmentinRetailBenchmarkStudy,May2009,2009RSRResearchLLC
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IMPORTANT ToALLFRIENDS.Facebookhasagreedto letathirdpartyadvertiseruse
yourpostedpictureswithoutyourpermission.ClickonSETTINGSupatthetopwhereyou
see the logout link.SelectPRIVACY MANAGE.SelectNEWSFEEDSANDWALL.Select
thetabthatreadsFACEBOOKADS.Thereisadropdownbox,selectNOONE.ThenSAVE
yourchanges.Pleasepassthisaround.)
Onsomelevel,itsnotclearthatthiswasanewpolicybutitwentviral.Fast. Therapiditywith
which the NetworkEffectcreated thisuproar wasprofound. And its this very thing retailers
havetowatchoutfor.
AVOIDKILLINGTHEGOOSETHATLAYSTHEGOLDENEGG
Weve demonstrated in this report that retailers have a profound opportunity to mine and
categorize consumers interestsand turn thatdata into dollars. But aswe pointed outabove,
consumertrustistenuousatbest.Anyovertattempttogobeyondtheconsumersselfdefined
boundarieswillresultinanimmediatestanchingoftheflowofinformation.Towardsthatend,
we
see
several
imperatives:
1. Makeprivacy statementsexplicitand clear: Consumers detest surprises. Make sureprivacypoliciesareeasytoreadandunderstand,short,andsuccinct.Whilesomemay
sayConsumersdontrealizetheyarephotographedatleast50timesadaytheyhave
noprivacy,onecannotpresumeonthoseconsumersgoodwill.
2. Alwaysallowconsumerstooptin: Whenaconsumerbecomesafan,orafollower,oramemberofaretailersowncommunity,theretailershouldalwaysaskpermissiontouse
the information itgathers. Mostofthetime theconsumerwillagree (afterall, thats
why shes there, after all), but this type of permissionbased marketing will avoid the
negativesideoftheNetworkEffect.
3. Ifaconsumerrequestsaspecificresponse,besuretoanswerit:Fewthingsaremorefrustrating than taking the time to fill out an email feedback form and receiving an
emailautoreplysayingThanksforyourfeedback. Wedonthavethetimetoanswer
everyrequest,butwelllookintoit.Thewriterwonders,Doesthisretailerreallycare
aboutmyopinion? Whydidthesepeopleaskmeforfeedbackwhentheyreallywerent
goingtodoanythingwithit? Imgoingelsewhere.
Even as we focus on aggregating the data we get on consumer sentiment, we also must
rememberthatsentiment isreal.Andconsumersstillhavemanydifferentchoicesofnetworks
to join and retailers to buy from. Sometimes, disaggregating the data is as important as
aggregatingit.
Themistakeoftheearly21stcenturywaspresumingthatselfserviceisalwaysaneffectiveproxy
for customer service. Retailers now recognize that selfservice technologies have their limits,5
5TheCustomerCentricStore2008,2008RSRResearchLLC
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andsometimes, persontoperson interaction is important. If retailers are toavoidkilling the
goose that lays the golden egg, we must remember the importance of the human touch. At
worst, it will put an end to a viral customer complaint, and at best, it will turn an unhappy
customerbackintoanadvocate.
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a
APPENDIXA:RELEVANTREFERENCEMATERIAL
Wehaveuseddata(directlyorindirectly)fromthefollowingbenchmarkreportsasbackground
forthisdocument. AllthesereportsareavailablefordownloadfromRSRswebsite.
PrecisionInventoryManagementintheAgeofLocalization:BenchmarkReport2009,byNikkiBairdand
BrianKilcourse,August2009
WalkingtheRazorsEdge:ManagingtheStoreExperienceinanEconomicSingularity,byBrianKilcourse
andPaulaRosenblum,June2009
CustomerCentricMerchandising:DrivingDifferentiationthroughLocalization,BenchmarkReport:2008,
byPaulaRosenblumandSteveRowen,June2008
ITandBusinessAlignmentinRetail,byBrianKilcourseandPaulaRosenblum,May2009
TheCustomerCentricStore:BenchmarkReport2008,by PaulaRosenblum,EditedbyNikkiBaird,June
2008
TheNextGenerationofBusinessIntelligence:DrivingCustomerInsightsAcrosstheEnterprise,byBrian
KilcourseandPaulaRosenblum,August2007
TechnologyEnabledCustomerCentricityintheStore,byPaulaRosenblum.OriginallyPublishedbyRSAG,
March2007
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b
APPENDIXB:ABOUTOURSPONSOR
SAPistheleadingproviderofapplicationsolutionsfortheretailindustry.SAPhelpsretailersof
allsizestounderstand,anticipateandinspiretheirshoppersbyprovidingacompellingshopping
experience.TheSAPforRetailsolutionportfolioprovidesspecificsolutionsforretailcompanies
inthefood,fashionandhardlinesbusinesses.Thesolutionportfolioisbuiltaroundunderstandingthe
shoppers,orShopperInsight,andconsistsofbuildingblocksthatcovertheareasofMerchandiseLifecycle
(includingplanning,merchandiselifecyclepricingandpromotionmanagement);SupplyChain(forecast&
replenishment, supply chain planning and execution); Shopper Experience (workforce management,
customer loyalty and a portfolio of POS solutions); and Corporate Operations (finance and human
resources).
LearnmoreaboutSAPathttp://www.sap.com/retail/
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c
APPENDIXC:ABOUTRSR
RetailSystemsResearch(RSR)istheonlyresearchcompanyrunbyretailersfortheretailindustry.RSR
providesinsightintobusinessandtechnologychallengesfacingtheextendedretailindustry,andthought
leadership and advice on navigating these challenges for specific companies and the industry at large.
RSRs services include benchmark reports covering the state of retailer technology adoption for topics
rangingfrommerchandisingandsupplychain,storeoperationsandworkforcemanagement,tocustomer
facingandmultichanneltechnologies.Customresearchreportsprovidemoreindepthviewsintotopics
of industry interest, and advisory serviceshelp retailersand technology vendors make themostof the
insightsRSRprovides.TolearnmoreaboutRSR,visitwww.rsrresearch.com.
Co pyright 2009 by Reta il System s Resea rch LLC All rights reserved . No part of the c on ten ts of
this do c ument m ay b e reproduc ed or transmitted in any form o r by a ny mea ns without the
pe rmission of the pub lisher. Conta c t [email protected] for more information.