CounterIntel Visual Merchandising

Some store owners are lucky. Lucky in the sense that their in-store team is so proud of the brand they represent that they passionately get involved in their work to ensure that they’re literally living the brand at work.

They take the concept of being ‘brand ambassadors’ to the next level. Nike, Lush, Apple and Lego are some examples that aptly represent that zeal within their employees and that gets reflected when they take the floors at their respective stores.

It not only brings out the good in the brand and the people who represent it but also reflects well on the customers, hence positive sales figures.

Where visual merchandising is there to make sure that the store represents what its meant to, keeping the in-store team involved is the other ingredient needed to find the perfect blend and fusion to achieve equilibrium that leads to a healthy bottom line thanks to the increased footfall due to this combination.

Hence it’s imperative for store owners to not only give heed to this ideology of keeping their staff happy but also pragmatically implement it in a realistic way.

There’s one thing common in the brands’ success we’ve mentioned earlier in this post. These manufacturers have not only been successful in creating products that we love but actually they also focused on those people who would bring these products to the public in retail environment., essentially their true brand ambassadors.

The take away lesson for the retailers and visual merchandisers in this example is by focusing on their efforts to make the store look the par they also need to complement it by placing similar level of focus on engaging those responsible for bringing the brand experience to life.

Below are some tips for the visual merchandisers and store owners to achieve what we’ve emphasized upon in this post

  • Live and breathe brand culture
  • Define roles, responsibilities and expectations
  • Deliver engaging, practical, evidence-based learning
  • Create clear in-store policies to reduce complexity
  • Understand why getting it right matters

Keep these tips in mind when devising your store strategy and implement them accordingly and you have the magic formula of success.

 

Retail realities to plan merchandising strategies.

Executing an effective merchandising strategy doesn’t come without its own set of challenges. These challenges must be catered for not only right at that stage of planning but also during the execution phase.

These challenges vary in nature. One of the common problems merchandisers come across is lack of reporting and data. Sometimes it’s the lack of responsibility that gets in the way of a successful merchandising execution.

Sometimes it’s the merchandisers themselves who make the process that much more complex for themselves to execute it successfully. Cometh the busy shopping season and all these challenges become all the more difficult to tackle and resolve.

When it comes down to achieving compliance and the results are evaluated, many store owners struggle to meet the expectations.

One of the most common obstacles in a successful merchandising strategy is when a brand’s product goes missing from shelves or is incorrectly priced during key shopping times. That factor must be overcome in order to successfully implement what you’d planned at the beginning of the season.

Merchandising execution doesn’t get singled out on it’s own, it’s also interconnected with other things. Results of your merchandising execution influence everything from marketing budgets to supply-chain scheduling, sales results and customer experience.

In light of the above observations, some things must be kept in mind to avoid a failed merchandising strategy.

Always keep an eye on what your competitor’s up to. The real battleground is in-store. It’s where the customer experiences your product as the benefits, pricing, etc., of each option are laid out in front of them. Consider testing different ways to stand out from the crowd.

It’s always good to take help of technology when it comes down to merchandising. But you can’t totally depend on it. These tools don’t always take into account unexpected increases in consumer demand. Therefore, you need to expect the unexpected and have a plan in place to handle a change in circumstances.

All in all, a bit of extra preparation and all these hurdles in an effective merchandising strategy can be easily overcome.