Recent Epson research has uncovered that consumer buying decisions rely heavily on the retail environment, so it makes sense that retailers are searching for more innovative ways to engage customers at every touchpoint, both online and in-store.
Consumer buying decisions rely heavily on the retail environment, so it makes sense that retailers are searching for more innovative ways to engage customers at every touchpoint, both online and in-store. With studies pointing to most in-store purchases being made on impulse rather than pre-planned, retailers would do well to consider how customers engage with the retail environment.
Epson research shows that current trends in the retail sector show that store layout, the use of technology for seamless integration and convenience, and the sensory experience of a space all play a role in moving a customer to the point of purchase.
The importance of strategic layout
The customer’s experience of a physical (brick and mortar) or online retail space has a surprising amount of influence on their purchasing decisions. According to the 2013 European Journal of Marketing, the number of aisles customers tend to visit is also a major influencer on their in-store decision-making. This means that using strategic design to ‘guide’ customers through the entire store would likely lead to an increase in purchases.
Other ways to achieve this include; placing popular brands as far apart as possible, positioning essential items at the back of the store, and using floor lines to create a set path for customers to walk along, to ensure they visit every part of the store. Placing pay-points strategically within the retail space also increases product visibility by ensuring the customer is forced to walk past various product displays before paying for their items.
Retailers can also boost on-the-floor efficiency by making use of intelligent point-of-sale systems, such as Epson’s TM-m30 POS receipt printer Wi-Fi capability to print receipts from virtually any mobile device, allowing cashiers to assist more customers at a quicker rate.
A similar principle applies to online retail stores – to keep visitors interested and encourage maximum engagement and sales conversions, retailers need to carefully consider how users navigate their websites. Some key aspects to think about include clever placement of call-to-action buttons and internal links, along with a beautiful and easy-to-navigate product catalogue.
Mobile payment solutions
Waiting in line to pay for goods is one of the main reasons people avoid visiting stores altogether. However, for retailers hoping to keep foot traffic flowing through the doors, mobile payment solutions are a great way to make shopping more convenient and pleasurable for customers.
Many major retailers are implementing more efficient payment systems in-store, such as payment portals and mobile receipt printers, to take the hassle out of paying for goods. Cardless payment systems are also on the rise, as app-based solutions make on-the-go transactions even easier.
In addition to traditional point-of-sale systems, mobile payment platforms add a new level of convenience which give customers the feeling of ‘jumping’ the queue.
Epson is a global leader in mobile payment solutions, and recently partnered with a major South African retailer to offer customers the convenience of quick and easy mobile transactions.
To further enhance the in-store experience for customers, many retailers are creating retail environments that appeal to the five senses, following research suggesting that multi-sensory shopping experiences stimulates powerful responses from customers.
For example, pairing a specific fragrance with the relevant product has a profound psychological impact on the limbic system – an area of the brain responsible for processing smells, as well as supporting a variety of other vital functions, including emotion and memory processing.
However, this sensory combination is only effective when products are paired with familiar, complementary smells. You wouldn’t pair a cleaning product with the smell of coffee, for example, simply because the products are unrelated.
Engineering retail environments to engage all five senses – from appealing to the eyes using appropriate lighting techniques, to creating the perfect ambience through the power of sound and music – is a highly effective way to positively affect the consumer’s decision-making processes.
Designing retail environments that effectively engage with customers, on a level that makes them feel understood and their needs catered to, is growing in popularity within the retail industry. While experiential retail becomes an increasingly crucial area for retailers to understand, implementing mobile solutions also influences buying decisions and provides customers with efficient and pleasant shopping experiences.
Epson’s latest range of point-of-sale printers, with Wi-Fi, Bluetooth and Ethernet capabilities, are designed to help transform two-dimensional retail stores into mobile and customer-friendly experiences. Visit http://www.epson.co.za/en for more information on business printing, scanning and copying solutions designed specifically for business.
Car buyers to start abandoning fuel-power by 2025
Car buyers in the United States and Europe expect electric vehicles to become a viable alternative to fuel-powered cars in the next five years.
A new report outlining consumer expectations of battery electric vehicles (BEVs) and their viability as replacements for traditional fuel-powered cars or internal combustion engine (ICE) vehicles suggests a massive shift beginning in 2025.
The conclusion emerges from a report by human behaviour and analytics firm Escalent, entitled The Future of BEV: How to Capture the Hearts and Minds of Consumers. It reveals the intent of many consumers in the United States and Europe to abandon ICE vehicles altogether, citing the improved infrastructure and range of BEVs.
The Future of BEV gives auto and mobility manufacturers a strategic view of the benefits of their products in the eyes of consumers and highlights the areas of opportunity for automakers to push the innovation boundaries of BEVs to spur broad adoption of the technology.
“While most buyers don’t plan to choose BEVs over gasoline-powered cars within the next five years, consumers have told us there is a clear intention to take BEVs seriously in the five years that follow,” says Mark Carpenter, joint managing director of Escalent’s UK office. “However, manufacturers will need to tap into the emotional value of BEVs rather than just the rational and functional aspects to seize on that intent and inspire broader consumer adoption.”
The study demonstrates a significant shift in consumers’ expectations that BEVs will become viable alternatives to—and competitors with—ICE vehicles over the coming decade. Though 70% of Americans plan to buy a gasoline-powered car within the next year, just 37% expect to make that same purchase in five to ten years. Similarly, while 50% of European consumers favour buying vehicles powered by gasoline and diesel in the near-term, that figure drops to just 23% in five to ten years.
At the same time, consumers on both sides of the Atlantic see BEV adoption rising to 36% in Europe and 16% in the US, with respondents also indicating intent to purchase hybrids and hydrogen-powered cars.
Infrastructure clearly continues to be one of the biggest barriers to adoption. While some work is being done in Europe as well as in the US, the data show there is a significant need for some players to take ownership if manufacturers want to move the needle on BEV adoption.
US and European consumers have stark differences in opinion as to which entities they believe are primarily responsible for providing BEV charging stations. American consumers consider carmakers (45%) the primary party responsible, followed by fuel companies, local government/transport authorities, and the national government in fourth. On the other hand, European consumers view the national government (29%) as the primary party responsible for providing BEV infrastructure, followed by carmakers, local government/transport authorities and fuel companies.
For a full copy of the report, visit https://landing.escalent.co/download-the-future-of-bev.
New cell phone to help with dementia and memory loss
A new cell phone that takes simplicity to the extreme is designed to address the unique needs of people with dementia and other forms of memory loss. The RAZ Memory Cell Phone, developed by RAZ Mobility, a provider of mobile assistive technology, was launched this week. The handset is also well-suited for individuals with intellectual disabilities.
According to the Alzheimer’s Association, approximately 5.8 million Americans have Alzheimer’s dementia, with one in ten people over the age of 65 diagnosed with the disease. The number of people with dementia is expected to increase rapidly as the proportion of the population 65 and older increases. The American Psychiatric Association reports that approximately one percent of the population has an intellectual disability.
The RAZ Memory Cell Phone consists of one primary screen, and one screen only. It is always on and includes pictures and names of up to six contacts and a button to call 911. That’s it! There are no applications or settings to cause confusion. No notifications or operating system updates. No distractions. Users can simply tap and hold the picture of the person they wish to call.
Caregivers manage the RAZ Memory Cell Phone through a simple online portal. The portal is used to create and edit the contacts, track the location of the phone/user and select certain options, such as the option to restrict incoming calls to people in the user’s contacts, thereby avoiding unwanted calls such as predatory robocalls.
The RAZ Memory Cell Phone can now be ordered at https://www.razmobility.com/solutions/memory-cellphone/.