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Tuesday, 31 May 2016

Knowing your Omni-channel Shopper


For every retail business, it is very important to know their omni-channel shopper in order to be able to provide the right customer experience they desire across all channels. The above video highlights the importance of mobile devices used by shoppers to research for inventory availability from their home, on the way to the store and even while in the store.

Friday, 20 May 2016

Why are store staff important even in the omni-channel age?

ETP Blog - Whya are store staff important?

Retail, as a business, is highly customer-centric. Every process or operation in the retail business has to be carried out with the customer in mind. And when the focus is the customers, there are some important aspects related to them such as experience, satisfaction, branding, and loyalty. All these can be addressed by the retailers through ‘service’ which is the essence of retailing. Customer service in retail does not just start and end with the transaction, but it initiates much before that and goes even further beyond the purchase.

One of the traditional methods of doing retail business is through brick-and-mortar stores. Latest trends in technology such as e-commerce and m-commerce have added new dimensions to retailing. They offer customers the convenience of researching for products, buying and having them delivered at their doorstep with convenient and secure payment methods in just a few clicks, from their homes or offices. Yet, the brick-and-mortar store based retailing still prevails and will continue to do so.

94% of total retail sales are still generated in brick & mortar stores.Many consumers still look at shopping centers, malls and stores as their preferred location for shopping, so that they can not only see the products but also touch and feel them, try them out, and compare them live. That is not all; another important factor for such shoppers is the human interaction they get to experience by communicating in-person with the store staff regarding various aspects related to shopping.

The store staff have the opportunity to influence and inspire customers and peers, thus being the difference between a sale and a no sale situation. Although their primary objective is to achieve higher sales by driving the customers to make a purchase, their role in the store should not be restricted to merely that. They must also act as an assist to the customer by providing the right information and helping them select the product that best fits their needs and aspirations. Further, store staff should also build a relationship with the customers in a way that would encourage customers to visit the store again.

Thus, store staff that are equipped with the right customer facing skills can prove to be an important asset for the retail business.

Wednesday, 11 May 2016

4 Important benefits of a good POS Software

ETP Blog - 4 Important Benefits of Retail POS softwate

The retail arena is getting immensely competitive and increasingly dynamic. The need to have a solid system in place that can give retail business owners a view of their sales, inventory, customers and employees, can’t be overlooked in today’s day and age. The right point-of-sale (POS) software brings with itself a lot of benefits which retailers need to make use of for enhancing the productivity of their business.

Below are 4 important benefits that a POS software solution should offer to retailers to address the needs of the modern day retail business:

•    Automation of processes: An efficient POS solution will facilitate automation of various processes including tedious admin tasks such as keeping track of sales, inventory and staff. If it is integrated with other modules, retailers can have a better view of their customer data at the POS, which will enable them to build and sustain customer loyalty. POS solutions will automate the process of cross channel inventory look-up to help in cross-selling and up-selling.

•    Business modernization: Undertaking in-store activities manually can be detrimental in terms of enhancing retail business operations. In this digital era, retailers have no choice but to upgrade from their traditionally followed processes and inadequacies, and modernize their business to optimize operations. POS software that allows automation will definitely serve this purpose.

•    Speed up operations: A point-of-sale solution that has the ability to enhance retail operations by modernizing processes and automating functions would not only help save time on various tasks but also facilitate in increasing the speed of operations. Important customer facing processes like billing can be completed in a few seconds with the help of a solid POS technology.

•    Save costs: Retail POS solutions that can automate time consuming tasks,  thereby increasing the speed of operations and enhancing the business through modernization will essentially save operational costs and allow retailers to channelize the budgets elsewhere, thus making it possible to optimize commercials. An effective POS software solution will therefore help save more than it costs in the long-run.

Retailers need to take cognizance of the above benefits and look for them whenever they are planning to invest in a new POS technology or enhance their existing systems to gain that competitive edge over their peers.