01.03.2016 Views

Publican

pubspr16

pubspr16

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Photo courtesy of Legacy Liquor Store<br />

The more time customers spend in a retail environment,<br />

the more money they will ultimately spend.<br />

“Slow shopping” - or “fauxsumerism”- is a hot trend<br />

where customers are encouraged to spend more<br />

time in a store without being pressured to buy.<br />

Studies have found that the more time customers<br />

spend in a retail environment - say, getting a free<br />

facial, enjoying a coffee or reading a book - the<br />

more money they will ultimately spend.<br />

Then there’s the idea of “mood maintenance”,<br />

where the ambience is designed to match or<br />

even elevate the consumer’s mood, encouraging<br />

them to spend more. One intriguing aspect is<br />

the influence of aroma. The American company<br />

ScentAir, for instance, creates billions of scent<br />

impressions each year for clients such as<br />

Bloomingdales, wafting the aroma of baby<br />

powder through the infant department or<br />

coconut in swimwear to boost sales.<br />

Researchers have also found that maze-like<br />

layouts, bigger shopping carts and slow music<br />

all encourage people to buy more. For even more<br />

techniques, LRS owners can learn a great deal<br />

from retail theorists and experts like Storesupport<br />

Canada.<br />

and baskets throughout the store? Are you really<br />

encouraging lucrative impulse buys?<br />

Spend some time studying what works in your<br />

competitors’ stores and adapt those elements<br />

for your own - just the way Walmart founder Sam<br />

Walton once did at Kmart.<br />

2) Listen to the Experts<br />

Design is only one aspect of the whole psychology<br />

of how and why people buy. There is, for instance,<br />

a booming business in “experiential shopping”,<br />

which transforms a financial transaction into an<br />

emotional one.<br />

3) Step Up Selection<br />

When a store’s only distribution source and<br />

biggest competitor are one and the same, it’s<br />

almost impossible to compete based on price. As<br />

Lamb says, “It doesn’t make any sense to sell your<br />

competitor’s product at a higher price when your<br />

competitor is two blocks away.”<br />

16 The <strong>Publican</strong>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!