3 Ways to Improve Your In-Store Experience with Retail Pro

How a customer experiences your brand when they visit your stores is a strong indicator as to whether they will become a repeat customer or leave you for competitors with better service.

Elements of customer experience range from baseline solid replenishment so customers get the products they want, all the way to the heights of experiential retail where they get to test your products in the store – and you can use Retail Pro capabilities to improve each phase.

Here are 3 ways to improve your store experiences with Retail Pro.

1. Give them the goods

First and foremost, shoppers come to you for products.

If you don’t have what they want, shoppers may go for brand alternatives in your store.

Or, they might choose an alternative retailer to meet the need you couldn’t.

We know your team is doing its best to keep shelves and racks stocked with the latest and the best, and Retail Pro can be a strong help in this area.

To help you minimize lost sales due to out of stocks, use replenishment capabilities in Retail Pro.

For every item in your inventory, you can set minimum and maximum quantities.

These quantities specify the minimum and maximum amounts you want to have on hand at any given time.

The Best Replenishment utility allows you to automatically create purchase orders or transfer orders to ensure you have enough stock in each store when your quantities are above or below these numbers.

You can define formulas for different stores, departments, vendors, or styles.

Formulas use sales history records to ensure you have enough stock on hand for the period of time defined by the formula.

The wizard tool in Retail Pro helps you set up formulas quickly and easily.

You can read more about this on the My Retail Pro user portal blog: Automate Inventory Replenishment with Retail Pro® Auto Utilities

2. Show customers they’re worth your time

When you have enough personnel on the sales floor and at the cash wrap, shoppers intuitively get the message that they are worth your time and staff investment.

You can train your sales staff to keep an eye on queue length and whip out Retail Pro POS on a tablet to open up additional check stands so you make sure your customers get a good last impression.

Another way you can show shoppers they’re worth your time is by training your team to actually take time with customers before they get to the POS.

If the Min/Max features failed you or you just sold the last pair of high rise skinny jeans in your customer’s size, your sales associate can use Retail Pro to see if your other locations have those jeans in stock and place an order from the mobile POS.

That way, you can do a stock transfer from another location and the customer can pick up those jeans at your store in a few days.

Or you can place the order from your online store and have it delivered to the customer at her home.

Lyn Evans

Retailer Lyn Evans created that kind of no-disappointment experience for their customers.

Every store is equipped with iPads that show their company website at all times to allow for cross-selling from other stores.

If a customer wants a certain style or color that is not available at their location, a store associate will save the sale by helping the customer place the order from the store’s iPad before they go.

A good customer experience starts with giving your customers what they need without friction or disappointment.

The next step up is to get to know individual customers so you can pinpoint what else they might need and want.

So, while your sales associate is looking up stock availability from Retail Pro on an iPad or iPod Touch (or any other mobile device), they can also look up the customer’s transaction history and make recommendations for cool sweaters or tees to complete their look.

It’s extra little steps like these that show your customers they’re worth your time, and they leave happy.

3. Get Creative

When you’ve got the basics of good inventory management and great customer service in place, you can devote mental energy to creating an immersive, interactive experience in your stores.

And Retail Pro is honored and humbled and grateful to be a part of what awesome retailers like you are doing in your stores.

Oakley

VP of Oakley Retail, Erik Searles, shared with Chain Store Age how Oakley is using technology to draw customers into the brand’s innovation.

Oakley uses digital technology and mobile devices to give customers a more active hand in creating a product personalized to their needs in its new in-store custom and prescription eyewear centers, which are launching in all Oakley stores.

The eyewear is built on the iPad and then right in front of the customer, ready to take home.

Oakley is also utilizing mobile POS to help customers via quick transactions on the spot, rather than having them finish an interaction with an Oakley expert and then go elsewhere to pay.

United Colors of Benetton

Global head of retail design at Benetton, Michele Trevisan, shared with Retail Focus how they’re infusing beauty and color into their retail experience – and how it’s facilitated by the use of modern technology.

“When we started the project, the brief was not just to do another flagship store; the idea was to create a brand amplifier, a place where the customers can become users of the brand’s philosophy, not just simple consumers. Therefore, we decided to use three drivers for the project: attract, explore and inspire.”

Inside the store, two digital applications were created with the intention to simplify the customer’s activity, reducing the waste of time.

The first one is the mobile payment system that, thanks to the use of WiFi tablets and mobile POS, allows an exclusive payment via mobile and card only, potentially everywhere in the store, reducing the time spent in a queue.

The second is represented by three digital interactive tables showcasing content on selected products, on Benetton brand initiatives and, thanks to the use of an integrated RFID antenna, they release technical information about the products that are placed on the table top.

Do something amazing

These are just three ways you can improve your customer experience with Retail Pro.

But retailers like you are creative, visionary people with many idea of how to improve your in-store experience.

Retail Pro is ready to go there with you.

Doing something amazing with your Retail Pro? Tell us about it!

Write in to newsletter@retailpro.com to share how you’ve been improving your customer experience.

Haven’t experienced Retail Pro for yourself yet? Request a demo today.

Images: Oakley, United Colors of Benetton

Why Business Analytics is still a top priority in retail

 

Business Intelligence is high on the agendas of modern executives.

At the 2014 Gartner Business Intelligence & Analytics Summit, Gartner Analyst Michael Smith reported that a survey of CEOs and Senior Business Executives in North America showed that their two top technology investment focus areas were:

  • Business Analytics (71%)
  • Enhanced Business Reporting (56%)

There can be a number of different factors driving executives to make investments in Business Intelligence, but one main reason stands out.

According to Smith, executives still report a huge gap between the information they need and the information they get.

They get the results — the data that looks into the past without allowing them to understand what in their internal processes and external environment they need to focus on to improve for the future.

The data they get describes what happened.

But it doesn’t predict what will happen.

And it doesn’t prescribe which actions to take.

In most cases, data is already being registered and logged through decentralized transactional systems such as the ERP solution or the CRM, marketing, or warehousing solutions.

Information is managed by each functional area, but it may be siloed and not accessible for executives to understand right away.

And it may not allow for analysis across the diverse transactional solutions within the company.

This requires a dedicated setup that is built for analytics.

But how do you differentiate which data is most valuable for you to use?

 

 

Get Whitepaper

 

This blog is an excerpt from the Retail Pro Decisions whitepaper, From KPIs to Profit: Understanding Your Leading Indicators for Better Retail Results. Get this whitepaper today to read more.

 

Get whitepaper

 

Psychology of Price: The Markup and Markdown Game

 

 

Looking to improve inventory productivity and control?

Retail Pro International and ManagementOne, the consulting brains behind Retail Pro Planning Open to Buy software, have joined forces to bring retailers a 3-part Retailer Success webinar series on principles and tactics that will help you manage inventory better and compete profitably.

August 8 | The Psychology of Price: The Markup and Markdown Game

October 10 | Metrics that Matter

December 12 | 6 Essential Elements of a Winning Independent Retail Strategy

Save your spot for the next sessions by registering here.

In this first session, ManagementOne’s Director of Marketing and Sales, Paul Erickson, shares pricing psychology and strategies that retailers should consider to determine price, rather than simply applying a markup formula based only on item cost.

With the issue of pricing consistency across physical and digital channels hotly debated among retail strategists and consumers alike, determining smart pricing strategies is a top priority for many retailers.

For all our Retail Pro users out there, here’s a quick refresher on efficiently managing price changes in Retail Pro.

Watch the webinar and follow along with the slides below!

  • See why the lowest price is not always the right price
  • Explore the psychology of price from the retailer and consumer’s point of view
  • Learn tactics to remain competitive and maximize long-term profits

 

How to Improve Inventory Productivity and Compete Profitably | Webinar

Looking to improve inventory productivity and control?

Join Retail Pro International and Management One for this 3-part Retailer Success webinar series on August 8th, October 10th, and December 12th to see principles and tactics that will help you manage inventory better and compete profitably.

Sign up now for this webinar series to hear from the consulting brains behind Retail Pro Planning Open to Buy software!

 

August 8 | The Psychology of Price: The Markup and Markdown Game

  • See why the lowest price is not always the right price
  • Explore the psychology of price from the retailer and consumer’s point of view
  • Learn tactics to remain competitive and maximize long-term profits

 

October 10 | Metrics that Matter

  • Discover science-based forecasting techniques to maximize retail productivity and financial performance
  • Compare your performance against benchmark data from top performing stores around the country
  • See how metrics like GMROI, inventory turnover, initial markup pricing and gross profit can help you achieve better results in your store

 

December 12 | 6 Essential Elements of a Winning Independent Retail Strategy

  • See how high-achieving independent retailers differentiate themselves to compete successfully in the changing world of Amazon retail
  • Learn the major factors you can implement immediately to differentiate your business in this 6-point plan from Management One

Save your spot today for all 3 webinars and get the retail consultant insights that will help you run your business more profitably.

 

Sign up for webinar series >

Optimize retail management with Retail Pro and SAP Business One

 

experiential retail

 

Most retailers need an end-to-end retail management solution that provides them with centralized control and a real-time view of their operations for faster decision-making.

Successful retailers choose an all-in-one retail management system with robust backend software to run in tandem with great Point of Sale and store management.

With the smooth integration between Retail Pro® POS and store management software and SAP Business One® ERP software, you get:

  • End-to-end business automation
  • Complete operational visibility and control
  • Accurate real-time reporting and analytics
  • Access to critical data – anytime, anywhere

Discover how you can optimize retail management with Retail Pro and SAP Business One.

 

Learn More

 

Build experiential retail with end-to-end software

 

experiential retail

 

ERP | ePOS | mPOS | Payments | GDPR-Ready

 

For many enterprise retailers, 2018 is a year to rethink strategy, restructure operations, and reinvest your energies into unifying channels.

The goal?

Creating integrated, memorable experiences that inspire shoppers and bring them back for another visit to your stores.

On 2 – 3 May, visit us at RBTE stand H-150 to see the GDPR-ready, end-to-end solution and services partners that will help you improve and streamline processes from design to sale: Retail Pro POS, Pinnaca Retail SolutionsDatascan Retail SolutionsDedagroup Stealth Retail ERP, BS Payonepayments, and Pimble ecommerce and digital marketing.

Good products attract customers.

Great experiences keep them coming back.

Book your RBTE appointment with us today and let’s start building retail experiences together.

 

 

Book my RBTE meeting today

 

 

Visit RBTE stand H-150 to learn more about our partners

end-to-end retail solution

 

Integrate production and retail sales information

 

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Customers love your latest styles.

Get them into your customers’ hands faster – by integrating all your retail software for end-to-end visibility into customer information and stock performance that helps you improve speed-to-market in your production cycles.

On 2 – 3 May, visit us at RBTE stand H-150 to see how you can get GDPR-compliant, end-to-end integration of your mission-critical retail software to streamline your operations with Retail Pro, our service and support partners Pinnaca Retail Solutionsand Datascan Retail Solutions, and our solution partners Dedagroup Stealth Retail ERPBS Payone payments, and Pimble ecommerce and digital marketing.

 

Fashion ERP for Global Brands

 

Dedagroup Stealth Retail ERP provides luxury and fashion retailors with a modern technology platform that enables them to run an efficient, responsive and profitable omnichannel business, built on insights about their customers’ needs.

When used in conjunction with our GDPR-ready solutions partners like Retail Pro POSBS Payone payments, and Pimble ecommerce and digital marketing, and the local expertise of our support partners Pinnaca Retail Solutions and Datascan Retail Solutions, you get a complete end-to-end solution that gives you total control of your most important assets: your inventory and your reputation.

 

  • Match product to customer more easily with a single view in a single platform
  • Manage all aspects of your stock, including design, manufacture, in-channel operations, and logistics
  • Simplify process and operations so you can respond to market and customer dynamics in real time

Book your RBTE appointment with us today to see how our end-to-end solution that will help you build a solid foundation for your omnichannel retail operations.

 

Book my RBTE appointment

 

 

Learn more about our partners at RBTE

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How Touch Menus Can Help Enhance Your In-Store Customer Experience

 

Welcome to another All Things Retail webcast with Retail Pro!

With each webcast we focus on a specific topic all of us in retail need to address in our day-to-day business operations.

Together, we will look at how we can accomplish these things in Retail Pro.

You can watch our previous episodes on the Retail Pro International YouTube channel.

In this episode of the All Things Retail webcast, we will look at touch menus, another capability in Retail Pro.

Touch menus are programmable menu buttons which provide fast, one-touch item selection at the point of sale.

Many retailers can benefit from one-touch menu buttons.

Top retailers today are focusing heavily on creating a customer experience.

Touch menus could also be used for customer-facing initiatives like endless aisle and clienteling.

In the example in this episode of our webcast, the retailer added a café to his apparel shop.

This helped enhance his store concept and keep customers more meaningfully engaged.

Touch menus are especially effective for shop-in-shop concepts with limited inventory items, as in this coffee shop example.

They can help increase your transaction speed with easily navigable menus and lead to more efficient POS operations.

In addition, the point of sale using touch menus is the same software as is running in the rest of your store – Retail Pro.

That means the coffee shop barista can easily scan in any other item from your store inventory, giving customers a better experience at checkout.

Watch this episode of the All Things Retail webcast and email in to share how you use touch menus in your stores! newsletter@retailpro.com

 

Outgrowing your POS? Go enterprise.

 

 

Jan 14 – 16 | NRF Booth #3375

Don’t limit your options for growth with a POS that’s designed to handle just a handful of SKUs and stores.

Add webstores, brick and mortar stores, kiosks, pop-ups, shop-in-shops, and franchises domestically or abroad – all with Retail Pro POS.

On January 14 – 16, visit the Retail Pro executive team at NRF booth #3375 to see the POS and retail management software that gives you the flexibility you want and the robust capabilities you need to manage your stores more effectively and keep growing.

 

Book Now

 
 


 

Take Control of Inventory

 

For growing retailers, inventory management can be a labor-intensive bottleneck.

Streamline your pricing, promotions, margins, transfers, and operations with deep visibility and control over inventory.

 
Learn more >

 
 

Empower your IT team to optimize

 

 

Test your next strategy with a Retail Pro lab environment so you can launch with zero downtime, and empower your team with detailed training resources on the My Retail Pro portal – both included in your Retail Pro Software Assurance plan.
 

Learn more >

 

Don’t settle for one-size-fits-most

 

 

Tailor your Retail Pro user interface to create the exact workflow that makes sense for your business to increase efficiency and speed.

Infuse every screen, receipt, and product label with your branding.

 
Learn more >

 
 

Whatever your plans for change in 2018, we can help.
 

Talk to us at NRF to see how Retail Pro can help you keep improving your operations to drive revenue and growth.

 

Book Now

 
 

How To Win More Customers This Holiday Season

 

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Holiday shoppers will be headed out to the malls and Main Street this year.

They might also be shopping online, but the foot traffic is music to most retailers’ ears.

According to a study by Natural Insight, 87% of shoppers are planning to hit the road and shop. That number is spread out among younger shoppers, age 18 to 29, as well as older ones, age 45 to 59.

Once they’re in the store, the trick is to entice them to become customers.

Smart retailers will analyze customer data to pinpoint areas of differentiation. Providing a relevant, efficient customer experience is the end game. The trick is getting there.

Here are a few ways two big retailers are strategizing to make the most out of the most critical shopping time of the year.

 

Target

Target is striving to reignite its hip style image, while keeping products affordable.

 

Ship to Store

Target is offering its ship-from-store program at an additional 300 stores this holiday season.

The offering gets online orders to customers faster, and brings them into the store — where impulse shopping can drive up the total sale.

 

Reduce returns

Target’s GiftNow relieves some gift-giving anxiety.

A customer selects the GiftNow button when buying an item on Target.com.

The recipient receives the present as a digital gift box and has the option to accept, modify or pick an entirely different item.

In effect, the recipient can exchange the gift before ever receiving it. Less hassle for the recipient and less costly for Target.

 

Understanding demographics

Target has had success attracting families and Latinos with last year’s holiday campaign, but it didn’t connect with either young adults without children or empty nesters.

Some of the exclusive brands it plans to launch, including Hearth & Hand with Magnolia, a partnership with HGTV ties, and JoyLab, an atheleisure line, are geared toward appealing to that market.

 

Toys R Us

Success this holiday season is a life or death proposition for Toys R Us, which recently filed for Chapter 11 bankruptcy protection.

 

Technology

The toy retailer is using augmented reality technology to transform its customer experience.

Customers – in particular, their children – use an app to view AR activities that implant computer-generated images on top of a real-world environment, a la Pokemon Go.

Shoppers are guided by flashing icons and stickers on the floor, and by pointing their mobile devices at shelf sign or floor decal, see a toy or activity come to life on the screen.

Each activity lets the player earn stars; as more stars are earned, more experiences are offered.

The idea is to offer shoppers a compelling customer experience so they  visit a store, rather than shop online.

The goal is to be a shopping destination where fun informs purchasing decisions.

 

Experiential retail

In addition, the retailer will open playrooms at many of its stores, where children can try out toys and demonstrations will be available.

That can go a long way in reversing a mindset of not wanting to shop with the kids who are frustrated at not being able to touch and play with toys on the shelf.

Instead, the strategy encourages bringing children and listening to their feedback.

 

Brick and mortars that understand their shoppers and formulate strategies specifically geared toward them will be best positioned this holiday season.

Those who continue with tired formulas that meet neither the needs nor the expectations of shoppers will lose out to online competitors, as well as to the brick and mortars that are evolving with their customers.