HHIQ 2Q 2016
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LINE REVIEW<br />
FLE<br />
BY BOB SHERWOOD<br />
LEVERAGING<br />
E-COMMERCE<br />
IN BRICKS AND<br />
MORTAR STORES<br />
Successful retailing is not just a prosperous<br />
intersection of products and customers.<br />
Sustainability requires that the intersection<br />
be a rewarding experience, whether that’s<br />
online or in a store.<br />
C<br />
onsidering the seemingly infinite<br />
amount of product that is available<br />
on the internet and the real constraints<br />
of what will reasonably fit inside<br />
of a bricks-and-mortar store, the choices<br />
retailers face are becoming exponentially<br />
more challenging. The requirement to be<br />
relevant in the online channel has been a<br />
priority for many retailers. But has it been<br />
at the expense of the physical store?<br />
Store shopping should be the ultimate 3D<br />
experience. E-commerce can be a convenience-oriented<br />
enhancement to the store<br />
brand and not the preferred alternative to it.<br />
What buyers choose to put in stores has never<br />
been more important than today and the role<br />
of the line review is overdue for a retooling.<br />
The spectacular and largely unexpected<br />
flameout of Target was primarily a failed<br />
assortment strategy that never found its<br />
footing and then crumbled when the rest<br />
of the value proposition could not compensate<br />
for it.<br />
Simple product refreshes and quick<br />
reallocations of space to reflect historical<br />
data have short “best before” dates. The<br />
practice of putting high-volume products<br />
in the store and listing the rest online is a<br />
mechanical exercise that is backward-facing<br />
and ignores where the consumer is going.<br />
The common practice of shoplifting merchandising<br />
and display ideas from competitors<br />
may bring you current with today, but<br />
does little to differentiate. The end result is<br />
a retail store that morphs into a lesser version<br />
of its e-commerce platform.<br />
Rather than allow technology to sap the<br />
life out of retail stores, let’s create the opposite<br />
effect. Make the experience of shopping at<br />
a retail store more compelling and desirable<br />
than shopping online for similar products.<br />
Buyers and vendors together need to consider<br />
the information power the internet<br />
brings to consumers and make information<br />
content in stores as important as the<br />
32 S EC OND QU A R T ER / <strong>2016</strong><br />
Hardlines Home Improvement Quarterly<br />
www.hardlines.ca