Next Retail Strategy

Next Retail Strategy

Next Retail Strategy

At offline market share, enhancing the physical presence, customer experience, brand visibility, and market segmentation in offline channels are essential for providing positive experiences to customers in stores. Therefore, developing strategies to provide positive experiences to consumers in-store is a crucial task for brands.

At offline market share, enhancing the physical presence, customer experience, brand visibility, and market segmentation in offline channels are essential for providing positive experiences to customers in stores. Therefore, developing strategies to provide positive experiences to consumers in-store is a crucial task for brands.

At offline market share, enhancing the physical presence, customer experience, brand visibility, and market segmentation in offline channels are essential for providing positive experiences to customers in stores. Therefore, developing strategies to provide positive experiences to consumers in-store is a crucial task for brands.

Details

Role:

Role:

CX Researcher

Responsible to US, Europe, Asia

Service:

Service:

CX Research

CX Strategy development

Industry:

Technology

Retail

Date:

Date:

Dec. 2023 - Jun. 2024

Overview

The key KPI for enhancing the offline store CX experience direction is the consumer experience effect (influence on purchase intention) of major store elements.

Aligned with the new smartphone launch seasons in the first and second halves of each year, we conducted research for 'Reviewing the current GTM direction for AI Smartphone,' 'Deriving the Next Retail strategy items,' 'Reviewing the selling points of Flagship Items,' and 'Discovering store improvement factors.’

Starting point

The questions were,

"Is the renewed retail strategy effectively implemented for the new AI smartphone?"

"What experiences within the store influence purchase intention?"

"To enhance the in-store experience, what additional experiences should we offer next?"

Summary

  • Client: Global Top Electornics company Retail Group

  • Period: 6 Months

  • Method: Mystery shopping with 1,500 Customers

We gathered 2,100 global consumer VOCs to inform our country-specific strategies.

Additionally we utilized ethnographic methodology. For instance, we visited 100 key stores in 7 countries to observe consumer behavior and understand usage contexts. We recorded both positive and negative responses to new products, analyzed purchase decision factors, and collected actual behavioral data. Additionally, we identified benchmarking points for customer experience in competitors' retail strategies.

Business Impact

Through research, we Integrated analyses of customer experiences regarding New product, Retail environment, and salespersons from 7 countries to derive insights for the localized Next Retail CX strategy.


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