Retailer's Decalogue // Within the commercial strategy

Decálogo del retailer // Dentro de la estrategia comercial

Being assertive helps you more than being quick..
Speaking of fashion, it's volatile and unpredictable. What's popular today may not be popular tomorrow. That's the risk faced by retailers when they fill their stores with fashion that's no longer what they're looking for. You have to take care of every aspect of the business, keep it impeccable, and believe in customer satisfaction as the company's hallmark.

That's why I present you with a decalogue that will make you successful in your daily decisions in the fashion retail business.

IS THE STORE REALLY ATTRACTIVE? To perform this analysis, you need to stand in front of the store and ask yourself this question: If you were a customer, would you come in? Does what you have in the window displays invite you to come in? We need to find an excuse to get people into our store. Appropriate visual merchandising can be the solution to this lack of attraction.                                                         

CONGRUENCE Both outside the store and inside. It's sad to see big brands with impeccable, vibrant, ever-changing catalogs, but still have a store they haven't renovated in years. I think the same love and enthusiasm that goes into making some things should prevail in all others. It's important not to disappoint the consumer, who expects you to be the same as you are on the outside.

REAL PROMOTIONS Are your customers accustomed to constant discounts? Consider why customers don't buy at full price. Are your prices high? Are your campaigns always discounted? Overwhelmed by discount messages. Be careful how you speak to customers. Often, you can subtly suggest a promotion and avoid being discounted.

TAKE CARE OF EMPLOYEES SO THEY CAN TAKE CARE OF CUSTOMERS Richard Branson of the Virgin Group recommends that employee care directly impacts how they treat customers. It's unpleasant to be served by an unmotivated salesperson or to enter a store with a conflicted staff. As a consumer, you immediately notice this in the service you receive, and you never return.

AVOID IMPROVISATION There's nothing worse than a series of untimely actions in a store. All it does is create conflict among staff, jeopardizing sales success. Improvisation doesn't bring clarity and only causes a store to be inconsistent with other branches. If this is your case, you need to implement a standardization project and involve buyers and store owners. Everyone should know a week in advance what's going to happen in their store, or this will depend on the size of the actions.

PLEASANT CUSTOMER EXPERIENCE Taking care of the details that add value to the brand experience. Neuromarketing authors explain that a pleasurable shopping experience is achieved when we engage the senses in different ways, starting with sight and then hearing. Make sure that what your customer sees is aesthetically appealing and then offer them audio that matches the environment. The most common mistake is thinking that music is made for salespeople, but that's not the case. Everything should be customer-focused to make them feel good and spend more time in our store.

THE COMPETITION. We mustn't lose sight of it, how is it? What do they have that I don't? How do I communicate to the customer that I have products that are different from my competitor's? We must always be clear about who the competition is or what brand, indirectly, is our competition. There must be a record that says week after week what the competition has, at what price, in what composition, in what colors, what quantity, etc. And everyone in the brand must be aware of it. Not just a cursory review, become a mystery shopper of the competition, all brands do this, look at their window displays, their pricing strategy, the colors, what they have at the entrance, etc. Feel calm, everyone does this.

THE HISTORY A retail business without sales records is a ship adrift. The past must be firmly in mind. Last year's success will be a headache for the following year, as you must exceed sales expectations, maintain healthy inventory in good condition to drive sales, and do more with the same amount of space. For these reasons, history informs future decisions; current sales failures must be taken into account to develop well-founded strategies. In retail, there should be no assumptions; we must take calculated risks.

LOSES LOVE FOR STOCKThis can be your worst enemy if you don't really know it. You must monitor it constantly, day after day. Know its size, what it's about, and how long it's been on the sales floor. Numbers can be your best tool, but working sessions with sales floor staff and purchasing teams are a good strategy for gaining information about stock performance for decision-making and ensuring sales success.

TRAIN YOUR STAFF. Develop a sales-minded approach in your staff. Sharpen their eye so they can recognize macro trends and, above all, see the business as an opportunity for professional development and know they're part of a growth that's alongside the brand. Make them proud of it, even if they aren't customers.

Retail has many perspectives, many nooks and crannies where business can be done, and it would be difficult for 10 points to achieve brand success. But here are the ones that involve the POINT OF SALE, PRODUCT, and STAFF, which are key elements for creating a driving force for good results. I believe all brands always have the same objective in mind: to sell. What good would an attractive store do with poor products, or vice versa?

Pablo Román is the founder of the Merchan//LAB agency, where a team of industrial, fashion and graphic designers with expertise in fashion collaborates.  “Shopping experience "It's the new guiding principle of fashion. Consumers are no longer satisfied with just purchasing products; they now want something more. Something the brand is willing to share with customers to encourage them to return to the store." Customers don't quite know what they want, but when they see it, they recognize it. PR.

What a visual merchandiser doesn't like to do but must do

Lo que no le gusta hacer a un visual merchandiser pero lo debe hacer

The visual merchandiser is the person responsible for the display of a store or a chain of stores to boost sales.
The practice of visual merchandising (VM) dates back to the earliest retailers who grouped, separated, and arranged their products to suit the customer; this, in its core sense, is a characteristic of the discipline. Over time, the stage setting or representation in certain businesses transformed it into a pure aesthetic, taking the product to unexpected places that invited or gave customers an idea of ​​using it.

This allowed artists, designers, and interior designers to find a space for professional development in the practice. Thus, inspiration and aesthetic sense reign in the industry, seeing professionals designated for this profession as individuals with a keen aesthetic and artistic sense.

With this background, we dare say that visual merchandisers are often seen as people full of the inspiration and aesthetics necessary for setting up a store or window display, leaving aside other skills necessary for today's business.

Here we will try to describe at least four aspects that a visual merchandiser should have or try to develop to understand the work from the conception and planning of collections.

NUMBERS // A good visual merchandiser requires the ability to analyze and plan their day based on a sales report. This is essential in their day-to-day work, as is knowledge of sales metrics, KPIs, statistics, purchase projections, etc. A visual merchandiser with this knowledge is an element that enriches the process of stocking a store and achieving sales goals.

IMPROVISATION // Be reactive in favor of the concept. You shouldn't just sit idly by and wait for purchasing or distribution to fix the problem. The customer shouldn't realize that something hasn't arrived or is still in the process of arriving at the store. Transnational companies and leading retailers consider improvisation a highly sought-after and valued attribute in their vimmers.

FRUSTRATION MANAGEMENT // Since these are people with a high artistic sensitivity, it can sometimes be frustrating when the strategy changes course. This can lead to complaints and a lack of confidence when modifying what has been done. That's why it's important to be willing to listen and experiment to find the best exhibition or promotion strategy.

DEFINITION OF METRICS // While the store is primarily a place to sell, it's also a place to develop strategies and conduct tests to determine successful guidelines and verify their effectiveness. Therefore, vimmers should keep in mind that they will need to run tests with setups to see which ones best respond to sales and define brand metrics to advance the maturity of the discipline. Remember, if it can't be measured, it doesn't work.

Finally, if you're a visual merchandiser or manage a team with these characteristics, encourage them. A visual merchandiser with a numerical mindset and a sense of improvisation is more beneficial for achieving the organization's goals, and this is a plus for their expertise as visual specialists.

Sales Season: Let's Learn From Them Too

Temporada de REBAJAS: Aprendamos de ellas también

We're in the middle of the sales season, and from items that were once top sellers to those that didn't meet their sales targets, this is also a key time to visit stores and see them as opportunities for constant learning, observing best practices and the most common mistakes made in stores.

While this may be a paradise for customers looking for better deals and opportunities, it can mean stocking up on something they'll be storing in the back of their closets, waiting for the next season. But for brands, it means getting rid of cluttered stock that affects store profitability, as well as preparing for the next arrival of new-season merchandise.

We believe it's worth taking a tour of the stores and, above all, analyzing different aspects of retail:

  • If you are a Fashion Designer: What new silhouettes are being discounted on the racks?
  • If you are a Buyer: To what price point is a garment or product you have in mind for next season discounted?
  • If you are Visual Team: How is the store arranged? What items are on display? What are the window displays like?
  • If you are a Planner: How much discount on sale do they handle in stores?
  • If you are a Store ManagerHow many boxes are open? What's the ideal roster for this season?

The sales season could be considered a period where a store's profitability could decline, but the secret lies in being able to overlap the arrival of new merchandise with the optimal performance of the clearance merchandise.

Remember that early-year sales must be aggressive because maintaining a stock of heavy clothing and warm garments will be a major challenge for the new season.

At the consumer level, sales are a good excuse to get something new at an affordable price. This is when the search instinct is ignited and opportunities are everywhere, so if you have a store and don't have SALES, the sales opportunity during this time is considerably reduced.

Customers have open selective perception,
Where they see a red sign with "SALE" they enter without
no matter where he is, his search is constant.

Experiencia de compra // Un wow en cada visita

Experiencia de compra // Un wow en cada visita
IM Magazine 10 // Experiencia de compra

When the product is the memory of an incredible experience, making a whole of small details leads us to know the essence of a brand

The dynamics at the point of sale have changed. In traditional sales, the product was placed in front of the customer, and if they had a latent need at that moment, a purchase was triggered, in a linear fashion with no return.

Now the process is circular, experiencing the new stage of "inspiration," then triggering the "offer/sale" to continue with the "post-sale" service, allowing the latter to feed the "inspiration" service to continue the process constantly, always in motion.

INSPIRATION. At this stage, we must provide all the necessary means for the customer to acquire the necessary information about our product, such as blogs, social media, video blogs, landing pages, etc., so that when the customer searches for inspiration, they find a favorable environment to continue to the next stage.

OFFER/SALE. Once a customer has a specific product in mind and confirms that we're the right choice for their purchase, they head to our store. That's why it must be dressed to the nines to attract attention and confirm that we're what they need.

POST- VENTA. In this section, we can differentiate ourselves from the competition. Many brands neglect this stage, worrying more about the initial stage and the purchase than about knowing what happened to the product we sold in the long term, whether it met expectations and was what was expected.

Closing this loop helps us build customer loyalty and encourage return visits.

EXCEED CUSTOMER EXPECTATIONS,
NOT JUST SELL

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