Page 32 - December 2020 January 2021
P. 32

RLI EVERYTHING DIGITAL

                                 Survival of the Fittest




                                 While it is too soon to tell how retailers will fair this
                                 holiday season, it is safe to assume that those who are
                                 online and have implemented Click & Collect and
                                 Curbside Pickup options are one step ahead, argues
                                 Bernardine Wu, Founder & CEO of FitForCommerce
                                 in the first of six monthly columns on the world of
                                 digital in the retail real estate industry.


                ovid-19 has turned retail upside down. Before the Covid-19   & Collect and Curbside Pickup. They should implement these services
                pandemic, digital commerce growth was already outpacing   fast, but it is important to also make sure they are implemented right
                overall  retail  growth  in  most  parts  of  the  world.  Faced   and  that  the  entire  organisation  is  aligned  to  ensure  success. The
        C with closures, shelter in place orders and safety concerns,   customer experience is paramount, and one bad experience can cost
        retailers  were  forced  to  further  accelerate  digital  and  omni-channel   you a long-term loyal customer.
        retail initiatives. The adoption of services such as Click & Collect or Buy   As  retailers  race  to  meet  customer  demands  with  in-store  and
        Online/Pickup In-store (BOPIS) were already steadily increasing before   curbside  pick-up,  seamless  implementation,  inventory  management
        the pandemic, but aside from grocery and select large retailers, curbside   and  hassle-free  experiences  should  be  top  of  mind. This  translates
        pickup  was  not  even  on  the  long-term  roadmap  for  most  retailers.   into  a  solid  technology  foundation,  clear  messaging  about  the
        Today,  these  services  have  leapt  from  nice-to-have  differentiators  to   availability  of  these  services,  clever  use  of  inventory  data,  and
        must-have survival capabilities for retailers, big and small.  communication  about  the  service  levels  provided  to  meet  or
         The  FitForCommerce  Retail  Index,  a  comprehensive  benchmark   exceed  customer  expectations  and  avoid  confusion.  In  other
        of  how  retailers  and  brands  meet  customer  expectations  for  digital   words, make sure you are not over-promising and under-delivering.
        and  omni-channel  retail,  reveals  a  dramatic  acceleration  of  the
        implementation of Click & Collect/BOPIS and Curbside Pickup services.    best practIces for optImal clIck and collect
                                                              and curbsIde ImplementatIon Include:
         • At the end of 2019, 66 per cent of retailers offered Click &       •  Make sure customers know what delivery and pickup services
          Collect/BOPIS services. Shortly after the Covid-19 pandemic         you offer and use it as a marketing tool. Surprisingly just 34 per
          started, the adoption increased to 76 per cent.       cent of retailers in the FitForCommerce Omni-channel Retail
        • Curbside pickup has gone from basically “zero to 60”. In 2019, just      Index promote Click & Collect options on the homepage.
          four per cent of the retailers in the FitForCommerce Omnichannel    • Leverage inventory data to implement product filters to offer
          Retail Index offered curbside pickup, today the service is offered        “Filter  by Store Availability” on the website. Some retailers also
          by 58 per cent.                                       offer the option to “show me what is available in my favorite store
        • A recent eMarketer survey showed that retailers anticipate that        for pickup today”.
          Click & Collect sales will represent 50 per cent of total revenue in    • Provide clear instructions at checkout on when the order will be
          the not too distant future.                           confirmed and instructions for what to do when arriving at the
                                                                store for pickup.
        Implement It fast, but make sure It Is                • Make the most of “recommended items” to drive up the average
        executed well                                           order value for Click & Collect and Curbside orders.
         The accelerated adoption of Click & Collect and Curbside Pickup is   • Clearly communicate what customers can expect and deliver on
        not surprising; it has simply become a retail necessity in order to stay     that promise. How quickly will you confirm that the order is
        in business in today’s environment.                     ready? When the customer gets to the store, how quickly will
         At  FitForCommerce, we recommend that  retailers bring digital  to     the order be ready? Can customers easily find the pickup location
        the top of their priority list and invest in the implementation of Click     in the parking lot or in the store? 34 per cent of retailers in the
                                                                FitForCommerce Omni-channel Retail Index include an FAQ
                                                                section to answer these specific questions on their sites.

                                                              Department  stores  and  large  retailers  are  raising  the  bar  on
                                                              customer expectations. As shoppers get more accustomed to click
                                                              & collect and curbside options, they expect more. A recent survey of
                                                              top US retailers indicated that 79 per cent of click & collect orders
                                                              are generally ready in four hours, and shoppers that were notified
                                                              within four hours, were 19 per cent more likely to use the service
                                                              again. Without question, the faster the order is ready, the better the
                                                              customer experience.
                                                              Data  suggests  strong  growth  in  demand  for  curbside  pickup  will
                                                              continue  into  2021. The  fact  that  demand  for  curbside  pickup  has
                                                              continued  to  increase  even  after  the  cessation  of  shelter-in-place
                                                              orders, suggests that consumers have more fully adapted to this new
                                                              shopping paradigm.
                                                              As we enter what is expected to be one of the most challenging
                                                              holiday season of our time, the difference between those who offer
                                                              click & collect and curbside pickup options and those who do not,
                                                              will likely determine who will enter the New Year on the right track.


        32 RETAIL & LEISURE INTERNATIONAL DECEMBER 2020 / JANUARY 2021
   27   28   29   30   31   32   33   34   35   36   37