Hitting the “Retail Trifecta”
Kevin Moore, the CEO of Crossmark Australia Pty. Limited, outlined “the three key elements to providing shoppers with not just a good, but a great shopping experience” in a recent blog post for www.smartcompany.com.au.
Moore’s “retail trifecta” is comprised of a great POS/back office system; outstanding store design; and “genuine service from passionate and knowledgeable store staff.” Here’s some of what he had to say:
Point of Sale/Back Office Systems: “The unsung hero in retailing” and “the backbone of a retailer’s operations,” writes Moore, the POS system provides “readily accessible information” to help with purchasing and recommending other items. “It ensures things are in the store at the right price when we want them.”
Outstanding Store Design: This is, says Moore, “design that attracts us [the consumer] to enter, holds us captive… and allows us to feel comfortable and confident enough to spend.” All of the great markets have it, he writes, from Covent Garden in London to the Grand Bazaar in Istanbul.
Genuine service from passionate and knowledgeable store staff: This one “pays out like a trifecta when retailers align all three,” he says.
Moore cites OPSM Eye Hub—locations throughout Australia--as a retailer that has hit this trifecta. A quick tour of the “bespoke eye care retailer’s” site proves his point. Here are just a few things the store offers to its customers:
1. A concierge, who greets customers at the door and guides them through the experience.
2. Playback Mirrors: These mirrors solve the problem of customers not being able to see what they look like in different frames. It takes a photo of the customer in the frames they are trying and plays it back to them, so they can put on their old glasses and really see what the new frames look like on them.
3. A variety of Simulator Zones that re-create real world conditions such as a wind tunnel for cyclists and a glare simulator for skiers.
4. An Onsite Lab where customers are invited to watch as their lenses are cut and placed into their brand new frames.
5. Kids Zone – a dedicated section of the store where children can learn about eyes, eye care and select frames from “the largest kids’ range in Australia.”
The blog post and OPSM Eye Hub site are both worth a visit. I was also curious about Crossmark and Moore. A Google search revealed that Crossmark is a 105-year-old company that is headquartered in Texas and has several branches around the world (Moore is the CEO of the Australian arm of the company). It specializes in helping consumer goods manufacturers and retailers with sales and marketing growth. In addition, I came across a BNet Australia video interview with Kevin Moore. He talks about getting the right product into the right retail environment. Here’s the link if you’re interested: http://www.bnet.com/videos/kevin-moore-crossmark/338431.
One last thing before I sign off for this week, I’m looking for stores who think they’ve hit the retail trifecta. Send me an email if you think your business scores high on Moore’s three keys to retail success.
