|HOME||MEDIABIZBLOGGERS.com||WOMEN ADVANCING||HOOKED UP||MEMBERSHIP INFO||MEMBER COMPANIES||MEDIA BUSINESS REPORT||ECONOMIC FORECASTS||RESEARCH|
Published: December 12, 2013 at 10:57 PM GMT
Last Updated: December 12, 2013 at 10:57 PM GMT
"You gotta tame the beast before you let it out of its cage." – Derek Zoolander
“We love showrooming...when Target gets to book the sale,” says Casey Carl, president of multichannel at retail giant Target. “For retailers to survive and thrive in the future, we’ve got to up our game, play to our strengths and seize the upper hand by enhancing both our physical stores and digital channels.” Target’s not alone in this relatively new attitude about the phenomenon known as showrooming. Shoppers are busy looking for the best deal and more and more are using their smartphones and tablets for showrooming. They’re checking prices and product information while shopping in stores and this has significant implications for retailers. Their biggest fear is this: Shoppers will comparison shop “in the store” and then order online for a better price.
In fact, it may turn out that showrooming is not as bad as some retailers thought it would be. Deloitte's 2013 Annual Holiday Survey found that 44 percent of consumers use their smart phones for reading reviews, 36 percent use them for receiving discounts and coupons and 32 percent use them for scanning product barcodes.
Target’s on to something. This holiday season it looks as if BestBuy is taking a similar route in an attempt to work showrooming to their advantage. The company recently launched a new holiday TV ad campaign featuring four celebrity storytellers – Will Arnett, LL Cool J, Maya Rudolph and Jason Schwartzman - reading tales of potential holiday shopping nightmares prevented by the magic of Best Buy.
This is in sharp contrast to some of the early reaction to showrooming. Many retailers were caught off guard a few years back when the consumer practice gained in popularity. Perhaps the most “famous” example of the panic setting in for some retailers came from this example: A specialty food retailer based in Brisbane, Australia posted a sign in the window warning shoppers that the store would impose a $5 fee for people who are "just looking."
Obviously, threatening your customers is not the path to success. Instead, smart retailers understand that although consumer behavior constantly changes, certain solid marketing principles still apply. Concepts like loyalty, adding value and creating a great customer experience will win the day. In other words, it takes work to earn and keep your customer’s business – but in the long run it’s well worth it.
What’s more, it may turn out that retailers don’t have to resort to automatic price-matching to combat the negative effects of showrooming. A recent study from Columbia University and loyalty management company Aimia, Inc. supports this. Shoppers show a strong willingness to join loyalty programs in exchange for rewards delivered via mobile. The study goes so far as to identify five types of mobile-assisted shoppers and offers insights to retailers on how best to market to each shopper type. There’s good news for brands that invest on this front. More than half of mobile shoppers are more likely to purchase a product in-store when their mobile device helps them find online reviews, information or trusted advice.
The omni-channel or multi-channel consumer is here to stay and retailers have a choice – either threaten customers so they never return to your store again or embrace the mobile-assisted shopper and get creative. Toys R Us plans to embrace the mobile shopper this holiday season with what they believe is a winning formula - strong in-store experience and a successful Internet business. In fact, the company says there are “81 different ways we can get product to the customer.” Good thing, because when it comes to toys , no parent wants to see OUT OF STOCK on their computer screen – especially during the holiday season.
Savvy retailers are busy enhancing the in-store experience, offering free Wi-Fi to make the information shoppers are seeking available and creating in-store exclusives. They’re finding that shoppers linger longer and the data collected is helping with future targeting and special offers via mobile coupons – and they've joined the chorus of “We Love Showrooming!”
Beverly Macy is author, educator, and thought leader in social and digital business and a frequent contributor to Say Daily . She is also the author of The Power of Real-Time Social Media Marketing and the host of Social Media Radio .
Say Media is a digital publishing company that creates amazing media brands. Through its technology platform and media services, Say enables its portfolio of independent content creators to build passionate communities around key consumer interest areas such as Style, Living, Food and Tech. For more information visit www.saymedia.com.
Read all Say Media's MediaBizBloggers commentaries at Say Daily.
Check us out on Facebook at MediaBizBloggers.com
Follow our Twitter updates at @MediaBizBlogger
The opinions and points of view expressed in this commentary are exclusively the views of the author and do not necessarily represent the views of MediaBizBloggers.com management or associated bloggers. MediaBizBloggers is an open thought leadership platform and readers may share their comments and opinions in response to all commentaries.
I have been known to complain about the broadcast networks’ tendencies to repeat recent installments of their late-night talk shows within a week or two of their original telecasts. But I was pleased last Friday that NBC offered a rerun of the March 16 edition of “Late Night with Seth Meyers,” which included among its guests Senator Ted Cruz, who on March 23 announced his candidacy for the Republican Party nomination in the 2016 presidential election. I hadn’t seen his March 16 appearance on “Late Night” – indeed, I hadn’t even heard about it – but I was happy to have the chance given last week’s news. It might have been forgettable the first time around, but that wasn’t the case two weeks later.Read More
For goodness sake, Markethub, have you never heard of big data? Have you considered the ROI opportunities open to Markethub.com of using the simplest filters to work out that a) we like to think we know about telemarketing; b) that we are not a major user of post; c) that we do not have a nationwide sales team; and d) that we are not a retailer? Did no-one look at our website? No, of course not, because compare@markethub is an automated junk email generator spewing out irrelevant garbage every day to random addresses in the forlorn hope that some idiot somewhere will try to unsubscribe (as I did) and thus prove that there is a real person at the other end. No people are involved (surely?).Read More