The rapid evolution of shopper behavior
Traditional shopper research can no longer keep pace with the accelerated evolution of in-store behavior. Luckily, tools powered by advanced technology can give you current insight, at the moment of truth, to help you adapt.
Your research has to take you the extra mile in order for you to differentiate your brand and products from competitors’, and earn the loyalty of your shoppers.
To be effective today, brands must be able to conduct research faster and employ in-the-moment testing and shopper feedback. This can provide actionable insights that allow companies to adapt quickly, delight shoppers in-store, and stay one step ahead of rapidly changing shopper behavior.
Continuing to design merchandising concepts in isolation, without access to in-the-moment audience insights on actual shopper behavior, severely inhibits your ability to make timely decisions that grow your revenue.
Where traditional shopper research misses the mark
Historically, manufacturers have relied on research with as much as a four-month delay to stay in tune with shopper behavior. While this method may have worked in the past, it’s simply far too slow to be effective today.
We’ve found it’s not a predictability problem. It’s an immediacy problem, which creates an accuracy problem.
In-store research was the old answer to this quandary. However, this has always been an expensive and tough-to-execute method, and it’s become nearly impossible since the onset of the pandemic.
You need the ability to quickly simulate a range of scenarios in a virtual-/immersive-reality setting to act nimbly and implement in-store growth plans, at the speed at which shopper behavior changes.
Smart Store provides a direct line to your shoppers
Our Smart Store solution delivers the shopper insights, data, and confidence they need to build in-store plans that bring manufacturers, retailers, and shoppers together.
Based on the results from Smart Store, one of our clients implemented a winning merchandising scheme, with signage across an entire chain of stores, ultimately growing their share of category by four percentage points and their dollar sales by seven percentage points, compared with the same period in the previous year.
If you’d like to learn more about how to improve business intelligence by meeting shoppers where they are; deliver unbiased, mutually beneficial recommendations to retailers; and continue to optimize your brand with marketing-behavior data validation, we invite you to join us for our webinar:
How to Use Actual Shopper Behavior Data to Improve in-store Product Merchandising
Thursday, May 6, 2021
- 11–12 pm CDT (U.S., Canada)
- 12–1 pm GST (EMEA, APAC)
You’ll learn how to:
- Develop plans to grow revenue where your shoppers are
- Deliver unbiased, mutually beneficial recommendations to retailers
- Optimize your product marketing to set your brand on a growth trajectory
Space is limited, so reserve your seat today