Showing posts with label retail trends. Show all posts
Showing posts with label retail trends. Show all posts

Monday, July 29, 2013

Key consumer drivers that influence grocery buying.

grocery buying drivers

This info-graphic is based on our experience, over the past few years, of influencing grocery buying using the unique hybrid model of AaramShop.  The hybrid model of AaramShop allows us to view both the online and offline buying behavior of consumers.

This info-graphic is focused on the process of buying.

Tuesday, April 3, 2012

The Story of Unstoring.

The enD of The ShoP AS We KnoW iT !

One of the first products to be sold on the Internet was a pizza. That was in 1994 and the provider was an international restaurant chain called Pizza Hut. One year later Jeff Bezos took up the idea of online retailing. He started by selling books online on amazon. com. The sales channel faced a wall of scepticism. Who in the world would order books online when they could buy them in a shop? Fifteen years later the answer is clear: lots of people, and more every day. A comparatively young trio of Apple, Google and Amazon are in the process of forcing 500 years of printing and its distribution channels to adopt new business models. This development is already in full swing in the music industry and has the potential to turn conventional retail upside down. The triumphal advance of the Internet and e-commerce is changing the way in which the world gets its information, exchanges views and ideas, and shops. There is no sign that this momentum is about to change. The launch of user-friendly Internet browsers in the mid-1990s triggered the race for ever cheaper and more powerful terminals; since then, the story of retailing has been an ongoing process of steady revision. Bypassing the shop.

Unstoring denotes a development that short-circuits the classic retailer. It is a future that could render shops superfluous – if they refuse to change. The reality is that digital technologies are increasingly part of the real world. The clear distinction between online and offline, between virtual and real, is blurring as the two universes merge. But what will happen to conventional shops when more people use the (virtual) pixel shopping cart than the conventional (real) wire cart? When sales migrate off the retail floor, it is time to reinvent the retail store.

Sunday, January 22, 2012

Mobile content development strategy for tablets.

Forrester Research predicts that tablet sales this year will start to outpace notebooks. While it is clear that marketers cannot ignore the tablet as a channel, the mobile device landscape has become increasingly complex and confusing for brands and consumers alike. 

How do you incorporate the tablet as part of your mobile content development strategy? 

Doug Heise and Sascha Langfus list some of the best practices for building an optimized, engaging Web presence on the tablet here.
AaramShop has adopted the Web App approach which helps it deliver the best of both worlds, allowing highly interactive mobile apps for the tablet that is optimized from a usability and functionality perspective, but that can also be deployed to a wide range of platforms and devices. However, what really caught my attention was the need to distinguish between the mobile phone app and the tablet app. Clearly a lot of additional work to be done here.

Sunday, November 27, 2011

FDI & the independent retailers.

Every news paper and show is saturated with the recently approved FDI in retail and its impact on the livelihood of millions of small businesses in India. I am sure everyone has an opinion on it. However, what caught my eye was the recent tweet by US President on his support for the small businesses in the US via the fantastic initiative #smallbusinesssaturday. I am sure this will add more fuel to the fire.



Our views & work at AaramShop is clearly focused at making the small business owner / independent neighborhood retailer competitive and relevant to the changing shopper behavior of the residents of the neighborhood. 

We firmly believe that the independent retailers have a number of unmatchable strengths which emerge from his proximity to the customers, willingness to provide delivery at the consumer's doorstep and years of relationship that have developed into a strong bond of trust. These, combined with increased accessibility of the storefront on the web, and the huge change in the way consumers use technology will make the local retailer more relevant to the consumer. 

Tuesday, August 2, 2011

The integration of the Moments of Truth.

The First Moment of Truth (FMOT), coined by P&G, refers to the few seconds that it takes a consumer to choose a product on a retail shelf – from amongst the wide array of products on display.

The logic of FMOT is indisputable and has prompted brands to re-evaluate the traditional marketing funnel approach (AIDA and it’s various versions), and design their marketing plans based on the FMOT.

I understand FMOT works well in the Modern Retail Formats (MRFs), but it is difficult to see it working seamlessly in traditional neighborhood retailers (in India) where space is limited and the shopping environment is not geared up for a DIY format. This is important as 90% or more of the FMCG sales are still via the traditional retailers.

Recently and based on changes in the consumer’s usage of the Internet for shopping, Google came up with the concept that it called “The Zero Moment of Truth” (ZMOT), which refers to the pre-buying online research that the consumers undertake prior to hitting a store. 

Data made available by the research undertaken by Google, makes it imperative for the CPG / FMCG brands to have a comprehensive strategy to ensure they have a relevant & prominent positioning in the online space. 

Most brands are starting to address the two moments of truths and tend to consider these to two separate silos, which need to be addressed with strategies specific to the silo. 

At AaramShop, our belief is that for the brand marketing to be effective and for it to result into sales the two silos need to be intertwined. That’s the AaramShop offer to FMCG / CPG brands. 

AaramShop brand listing (along with advanced optimization) enables a brand to be “found” by consumers and also enables the brand to leverage itself on social networks to create relevant buzz. The brand could also use integration tools like Aaram Widgets or customized QR codes to further invigorate its social media presence.

AaramShop also enables the consumers to place an order for the CPG / FMCG product immediately – thus bringing the FMOT seamlessly close to the ZMOT. The order, when placed online is fulfilled by the independent neighborhood retailer (AaramShops as we call them). The product / brand is delivered to the consumers doorstep within hours.

It is this seamless integration of the ZMOT with the FMOT that makes AaramShop a unique platform & interesting enough for the FMCG / CPG brands to engage with.

Saturday, March 14, 2009

Shop Floor - The New PRIME TIME.

I started documenting the changes in the way shoppers behave when taking a decision on the brand purchases sometime back and have collated the top 10 trends, as I see them, in this white paper.

The trends strongly reiterate the urgency and the need for brands to focus on the “shop floor” in the same manner as they have traditionally focused on the prime time on TV to advertise and promote themselves and their products.

This whitepaper on the changing shopper behavior and its reasons is now available for a free download from here. You will however, need to register on the site and then log into it to download the whitepaper.
There is a lot more information on each of the trends; do email me if you wish to know more – I will be happy to share the same with you. You will also find some of the additional information on each of the trends on this blog over the next few weeks – so do subscribe to either the RSS fee or by way of email for regular updates.

Happy reading! And look forward to your views.