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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

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