Here’s what consumers want from stores
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The study also examined retailer attitudes toward in-store technology:
- 46% are unhappy with their investment in POS exception-based reporting tools.
- 50% who invested in video solutions to track customers and employees are dissatisfied with those investments.
- 92% say it's now possible to personalize content to shoppers while they are on the sales floor.
- 93% say that localization of product assortments is viable thanks to technology, but 51% say that personalization and localization are "overblown."
- 52% say technology changes too often, preventing them from taking advantage of top opportunities to improve the store.
- 41% are conflicted as to whether new technologies will be tools or distractions.
- Only 26% say it's hard to quantify technology ROI.
Retailers were also asked to name the most valuable metrics are to evaluate store performance (more than one answer permitted):
- Customer conversion rates (68%)
- Employee turnover (57%)
- Online order pickup/ship-from-store (52%)
- Inventory turns (51%)
- Overall foot traffic and behavioral data (50%)
- Net promoter score (50%)
- Year-over-year sales (49%)
Finally, retailers were asked to name their store technology priorities looking ahead (more than one answer permitted):
- Mobile devices for store managers (96%)
- Store management portal that would include KPIs and reports (94%)
- Mobile peer-to-peer messaging/collaboration (90%)
- Enabling enterprise-wide visibility into inventory that is available for sale (48%)
- Generating more incentives for "buy online/pick up in store" shoppers to navigate stores while there (48%)
- Enabling 360-degree visibility into customer interactions across all channels (45%)
- Providing the same level of digital content to consumers in store as they provide online (35%)