Differentiation holds key to success
January 21, 2002,
Though success for a retailer with only a handful of locations may be daunting when faced with nationwide giants such as Home Depot, Wal-Mart and Gap stores, it can and has been done, George Whalin, president, Retail Management Consultants, told attendees at the NRF's "Retail Success" conference here.
One way to differentiate is to offer merchandise and services not available elsewhere, he said, noting Las Vegas golf shop In Celebration of Golf which offers gift-wrapping year-round and sells exclusive items signed by golf pros.
Whalin said that a retailer needs to ask retrospectively, "Why should a customer buy from our store?" And the answer should become the retailer's marketing message.
The atmosphere is just as important as the merchandise, and motivated, cheerful associates that know about the merchandise they sell will make the store an inviting environment. Wal-Mart's "greeter," for example, who is posted by the entrance, may seem "corny" to some, he said, but that person "sets the stage" for the customer, and "changes the dynamics of the store."
Retailers also need to address what Whalin called the 100 percent solution, which included such questions as, "What percentage of your customers are warmly greeted?" "What percentage have had all of their questions answered?" "What percentage generally have a pleasant, satisfying shopping experience?"
He ended with, "Be the best, it's the only marketplace that's not crowded."
Related Content By Author
Live from NY Market: Target Talks Up Its New Chemical Initiative