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Chain Store Age

12.13.2011

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Keeping Customers Engaged When Virtual and Real World Retail Strategies Converge
 

By Kenneth Gruskin

Today, fickle and demanding consumers can access virtually anything they want as a result of technology such as smartphones, tablets, and computers. This anytime, anywhere access coupled with what can be referred to as the four 'C's' — convergence, convenience, connection, and cost — are having a dramatic impact on retailers.

Because the virtual and real world of retail has finally converged for the consumer, retailers must do far more than update their retail environments every three to five years in order to keep customers engaged in a "social experience retailing" environment. In order to stay ahead of their customers' expectations, they need to update their environments (real and virtual) on an ongoing basis.

To that end, retailers will need to offer their own unique recipe of the four Cs, which are defined as follows:

The Convergence of social networking, commerce, and technology will create an augmented reality (AR) that will help to close the digital divide that separates our physical and virtual domains. For chain stores, that means that customers may be able to go online and create or order, personalize and customize goods ranging from takeout dinners to a new pair of shoes before heading to the convenience store or department store for pick up...

 
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