Posted: 10.01.2019
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As retailers race to remain relevent in an increasingly digital world, they are re-evaluating the customer experience.
Indeed, with competitors racing towards ever-faster delivery, and the internet making assortment and price differentiation more difficult than ever, many see the customer experience as the last remaining differentiation point. From buy online, pick-up in-store (BOPUS), to innovative digital signage, and/or new layouts and departments, retailers are working hard to create an experience that brings in new customers and keeps their current customer engaged.
But how do you measure experience success? Sales alone can be deceiving, as in-stocks, competition, and pathtracking (can I find what I'm looking for?) all muddy the waters and can lead companies to think their changes have come too late, or were not enough.
We
So here's the problem: EXPERIENCES ARE
According to recent research at Quirks, only 33% of corporate researchers rate their function's ability to demonstrate ROI as "good" or "very good". This means that there's an aweful lot of "hope" going on out there, and hope is not a strategy.
It comes down to this: if you want to measure the FULL impact of your in-store change, you must go
Buy how does it work?
To achieve a statistically-valid result, you need to sample a representative group. Let's say you are a national retailer. Sampling 3 stores in each of 5 representative markets (15 total stores) across the country over 2 high-traffic days will yield a sample size of approximately 2,400 completed interviews. For around $30k, this will provide a non-recalled, non-biased sample with 95% confidence, +/- 5, even when drilling down into specific personas (specific demographic/psychographic/use profiles).
Historically, companies have had a hard time fielding these types of project internally because of the logistics and site-level management involved...Until Now.
Our singular focus is providing the most accurate, live market insights to our clients. We are the only provider of
Rather than asking
Contact us to get a quote within 24 hours, and understand the FULL ROI of your critically-important in-store changes!
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