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Jeweller - April 2022

Diamond disruption: How the Russia-Ukraine conflict is changing global trade High time for change: Where to for watch brands after Baselworld? Darkness & light: Uncover the mysteries of black and white gemstones

Diamond disruption: How the Russia-Ukraine conflict is changing global trade
High time for change: Where to for watch brands after Baselworld?
Darkness & light: Uncover the mysteries of black and white gemstones

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Business Strategy<br />

• Yellow is optimistic, warm, cheery and<br />

the first colour we see<br />

• Green is calming and refreshing and<br />

the easiest colour on the eye<br />

• Brown signifies warmth and security<br />

• Blue represents trust, loyalty and<br />

confidence<br />

• Purple symbolises luxury, wealth and<br />

sophistication<br />

• Orange just makes us happy<br />

Communication: In-store signage is<br />

incredibly important, yet often an underutilised<br />

component of a good display. Signs<br />

answer questions about products and<br />

highlight features, price points, etc. On<br />

the sales floor women often read signs for<br />

information, however; men rely on them,<br />

especially for big ticket items where features<br />

are important.<br />

Remember that eye level – 4 feet to 5 feet<br />

(120-150cm), four inches (10cm) from<br />

the floor – is the ‘buy level’. It’s the best<br />

performing sales area for adult shoppers, so<br />

if a sign encourages purchases, add one.<br />

Senses: The five senses play key roles in<br />

the customer experience spectrum and can<br />

enhance a monthly theme. Sight and touch<br />

relate to merchandise, taste is anything<br />

that’s prepackaged during the pandemic,<br />

but hearing and smell can make your<br />

monthly display much better.<br />

Instore music must be considered<br />

because the right music can influence<br />

sales by providing a background that<br />

entices shoppers to stay longer and buy<br />

more. Disco, or any music that’s upbeat,<br />

is a popular favourite because it makes<br />

shoppers smile. Music can also energise<br />

your staff on the sales floor.<br />

Research has proven that a pleasantsmelling<br />

environment has a positive effect<br />

on shopping behaviour. Fresh pine scents<br />

during November and December, for<br />

example, will put shoppers in the holiday<br />

spirit. Adding scent to your themes using<br />

diffusers or machines are great, but avoid<br />

burning scented candles on your sales floor.<br />

Marketing: This involves events or<br />

promotions that are tied to your theme, plus<br />

where the theme and related products are<br />

marketed. Consider Facebook, Facebook<br />

Live, Instagram, Pinterest and bi-weekly<br />

emails or newsletters.<br />

Areas of importance on your sales floor<br />

To save time, plan ahead and know which<br />

areas of the sales floor will be part of your<br />

monthly theme. Spread the theme area<br />

wherever you like throughout the store, but<br />

note key areas that need to be involved for<br />

one reason: If you mis-merchandise, these<br />

highly visual areas can mean lost sales.<br />

Store-front windows are the ‘eyes of the<br />

store’ and the first thing a customer sees<br />

when entering. Unless you are in a high<br />

traffic area, you need to change your window<br />

displays weekly. Consider changing them<br />

once a month or more when having multiple<br />

themes planned for that month.<br />

Speed bump displays work: they slow<br />

shoppers down. These are also the first<br />

display customers see upon entering the<br />

store and a good indicator of what to expect<br />

on the floor.<br />

While most jewellery stores are small and<br />

don’t require speed bumps, a well located<br />

table can do the trick. Change or update<br />

your speed bump displays once a week;<br />

more often if your store has a lot of repeat<br />

customer traffic.<br />

Lake front property (LFP) is a term used to<br />

descibe high-value real estate on on your<br />

sales floor. Since 90 per cent of customers<br />

enter a store and look or turn to the right,<br />

your LFP can create a big impact on sales. If<br />

your store has a centre door your LFP is at<br />

the front right side of the sales floor.<br />

If your door is at the far left, your LFP will<br />

BEST FOOT<br />

FORWARD<br />

Theme<br />

Choose a theme<br />

for each month of<br />

the year and be<br />

creative<br />

Props<br />

Think texture -<br />

baskets, smooth<br />

woods, glass,<br />

metal<br />

Product<br />

Choose products<br />

for display to tell<br />

a complete story.<br />

be on the right and the opposite if your door<br />

is located at the right corner. Regardless<br />

of where your LFP is situated it is a critical<br />

space that must be included in your themed<br />

displays and regularly updated.<br />

Power walls are located at the front right<br />

and the most important selling wall in your<br />

store. Use it to feature merchandise you<br />

want customers to see.<br />

End-features or end caps are high-impulse<br />

shopping areas that are located at the end<br />

of gondolas or similar shelving-type fixtures.<br />

It should not be used to house products<br />

permanently, but are best for featuring new<br />

items and promotional goods. Again, while<br />

they might not be relevant to small jewellery<br />

stores, it does offer food for thought.<br />

Theme ideas to get you started<br />

There are many holidays to celebrate each<br />

month and it’s not surprising to see an<br />

entire window dedicated to these themes.<br />

Use holidays as a starting point to get your<br />

creative juices flowing. Brainstorming with<br />

your staff is often a good source of ideas.<br />

Much of your success at retail is contingent<br />

upon your visual merchandising skills.<br />

Customers are not drawn to sparse or<br />

poorly executed displays. Stores that stay<br />

the same, no matter what time of the year,<br />

are bypassed for those with a better in-store<br />

experience.<br />

Every fixture, product, and detail influences<br />

a customer to stay, buy and shop with you<br />

again. Executing displays is an art, but it is<br />

also a science. With a little planning, you can<br />

eliminate the ‘what am I going to put there?’<br />

dilemma and get a head start in creating<br />

quality displays.<br />

RICH KIZER and GEORGANNE<br />

BENDER are retail strategists,<br />

authors and consultants. Visit:<br />

kizerandbender.com<br />

<strong>April</strong> <strong>2022</strong> | 59

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