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Retail Business Review | Thursday, April 28, 2022
Consumers no more like to stick with only a single channel. Instead, they go back and forth online and in-store according to their convenience.
FREMONT, CA: The U.S. retail sales rise around 3.4 % during the 2019 holiday season. Online sales for apparel, jewelry, and department stores have been a revolutionary surge. This confirms that online shopping will continue to grow shorter, and the growth of in-store sales will entirely depend upon how retailers improve customer experience.
In the future, retail sales will largely rely on technology integration. The sale and growth will stay on the ability of the retailers to drive both online and in-store purchases and their promptitude to augment and embrace in-store digital interactions.
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Retailers must realize that consumers no longer love sticking with only a single channel. Instead, according to their conveniences, they go back and forth between online and in-store. While framing strategies, these unpredictable shifts in consumer behavior will help the retailers reap huge benefits.
Following are three strategies that marketers should consider to bridge the gap between online and in-store retailing.
Rewards and Promotions
One of the most powerful opportunities for physical store retailers to compete with online rivals is permitting rewards, giving out loyalty points, and promotions. When visiting an online store, the customer comes across different offers and loyalty programs that they do not find in the stores. A Harvard Business Review study reveals that out of 400 executives, 53 % found the loyalty program helpful and wanted it to be in digital form and omnichannel.
Mobile Makeover
Smarter utilization of mobile technology in the store can modify many things for retailers. The plan is to put mobile at the center of customer engagement. Mobile applications for a preferred store help customers find a store, search for products, secure check-out options, etc. Geolocation, in-app messaging, and pushing notifications to consumers' mobile make it easier to carry out the shopping process.
Click-and-Collect Service
One thing that combines online and offline shopping benefits its click-and-collect service. Consumers can look at a wide range of products online, select them, add them to a cart, pay online, and finally visit the store and collect the product without waiting for the shipping process, as in online shopping. This mix of online and offline retail is becoming a trend in the future.
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