Page 34 - February 2022
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RLI RETAIL INSIGHT
                         Transform




                         Existing Formats




                         Rather than commissioning new store concepts, an increasing number
                         of retailers are looking at how they can adapt existing formats. Ian
                         Johnston, Founder of Quinine Design discusses why transforming an
                         existing retail format might be a better idea than starting from scratch.

                etailers and brands the world over are trying to adapt to the   3. Using an objective eye to see more clearly - You can’t read the label
                rapidly changing world around us. There are severe disruptions all   from inside the jar. A retail experience audit by an external agency gives you
           Rplaying out at once, from the growth of online to supply chain and   an independent, impartial expert opinion on your current retail experience.
          recruitment issues. These and many other factors are feeding uncertainty in   4. Building confidence and togetherness - Knowing where you are builds
          an increasingly complex landscape.                  assurance and alignment between internal teams and key stakeholders. A
           Historically, retail doesn’t sit and wait. The industry responds, reacts and   retail experience audit provides documentation and analysis (the tools) to
          picks up the pieces.                                help you articulate challenges and opportunities to your wider business,
           Recent  technological  transformation  and  changing  consumer  demands   so you can win over people who may not understand the value of design
          have driven many retailers to explore new retail formats. It’s easy to   thinking. This holistic view can help you to secure future budgets and plan.
          understand the allure. A fresh, new format can inspire, boost your brand,   5. Finding out whether your format is future proofed - Colleagues in
          your bottom line and possibly even make the world a slightly better place.  product or service development have asked you to deliver a new offer
           We get it. We love working with teams to create new retail formats.   within the existing store format. Where do you find space? What has to
          In good times, exploring new, alternative formats in different locations is   move, what has to flex, and what gets left out? A retail experience audit
          considered a good strategy. However, when times are tough, businesses   looks at how current formats can be future-proofed to accommodate
          tend to think long and hard before deciding on their next steps.  myriad eventualities.
           While businesses adjust to digital transformation and omni-channel   6. Prioritising interventions - New formats are expensive and take
          selling, their retail teams are desperately trying to figure out what this means   considerable time to develop and implement. Sometimes you just don’t
          for physical stores and the wider retail estate. In a rapidly changing climate,   have that timeframe or budget. A retail experience audit recommends a
          creating an operational model that works for the 21st century seems the   variety of low, medium and high-level design interventions that can have
          most critical part of the agenda. An entirely new format may not make   immediate or future impact on your existing format.
          strategic or commercial sense.                        7. Assessing how your brand promise is brought to life - When your brand
           Increasingly, clients are asking us for recommendations on how to adapt   has a refresh, it’s essential to update in-store branded moments. With a
          and transform their existing stores to make them more relevant, compelling   renewed purpose, your existing stores should be a beacon for the brand. This
          and able to deal with the changes happening within their businesses.   could be just a new colour palette, logo, or refined brand promise. A retail
          Transforming existing stores to…                    experience audit explores how these can be brought to life in existing stores.
           • Align customers’ in-store and online journeys      8. Identifying how your format fits with the estate strategy - Too often, new
           • Broaden the service offering (to include product care, repairs etc.)  formats don’t address the broader picture. They need to be value-designed
           • Accommodate new product categories or brands     and suitable for rollout. Retail experience audits identify key elements that
           • Integrate digital touchpoints                    underpin the design vision and make effective recommendations that don’t
           • Accommodate express journeys (return and click-and-collect)  detract from the overall in-store experience.
           • Add in self-serve touchpoints                      Creating a new retail format can make life easier. But life isn’t that
           • Remove cash desks to facilitate ubiquitous transactions/consultations   simple anymore. In today’s climate, transforming your existing format may
          with mobile POS systems                             be a more viable alternative, with the potential to bring great value to the
           ...and many more unique needs that existing stores require to be   business, brand, customers and staff.
          upgraded so that they’re ready to face the new retail landscape. But, in   Expand the capabilities of your existing format, strengthen its operations,
          order to understand where you are going, you first need to understand   improve the overall look and feel, and ultimately you will create a better
          where you are now.                                  customer experience and increase your ROI.
           We always start with a Quinine retail experience audit, we tailor them to   Never  underestimate  the  power  of  design  thinking  and  the  retail
          suit each business’ needs. We look at what’s working well, what could work   experience audit. These irresistible forces can transform perceived
          harder and where the gaps and opportunities are. This provides clients with   obstacles into clear pathways and greater opportunities.
          prioritised, strategic and tactical recommendations for the short, medium
          and long-term as they drive towards their future objectives.
           Adopting a holistic view, approaching every challenge through the
          lenses of business, brand, customers and staff, means we can help clients
          understand the value and impact of transforming an existing format versus
          designing an entirely new format.
           Here are some key areas where a retail experience audit can help you:
           1. Identifying exactly what you have to work with - Your gut instinct is one
          thing, but you need external validation. You and your team may have spent
          years developing the current format and are so involved they find it difficult
          (if not impossible) to identify issues and opportunities. A retail experience
          audit helps you understand your current position.
           2. Knowing the ‘why’ as well as the ‘what’ - The business has identified an
          issue using traditional retail metrics. This could be declining footfall, falling
          sales or low customer engagement - however, they haven’t found out why
          these results are happening. To understand what (design recommendations)
          to prescribe, you must understand the causes, not just the symptoms. A
          retail experience audit dives deep to explore why these problems exist.

          34 RETAIL & LEISURE INTERNATIONAL FEBRUARY 2022
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