Facing a prolonged recession, high unemployment, and the
ever-changing economy, the majority of U.S grocery shoppers are looking to save
money wherever they can. But, according to Point
of Purchase Advertising International (POPAI), the global association for the
marketing at retail industry, when it comes to making decisions on what to buy
more decisions than ever before, 76% to be exact, is being made in-store.
POPAI's
study pin-pointed five key findings that marketers should note when developing
and implementing a shopper program:
Shoppers
are making more decisions in-store
Although
today's shoppers are empowered than ever to make educated buying decisions, it
turns out that more shoppers are utilizing in-store marketing and branding cues
to make an overwhelming portion of purchase decisions - 76% (an all-time high).
Brands
on display are more likely to end up in the cart
The
study found that nearly 1 in 6 brand purchases are made when a display with
that brand is present in store. Displays are best targeted to a core group of
loyal, female stock-up shoppers.
Retailers
are missing out on opportunities to enhance in-store experience
Shoppers
are spending less time but more dollars during their shopping trip. Whether
it's using product displays in secondary locations or working with brand
marketers to build customized in-store displays to reflect the retail
environments, there are plenty of opportunities for retailers to turn their
in-store marketing up a notch.
The
number of displays in secondary locations has increased 13% since 1995 - 47% in
1995 to 60% in 2012. Retailers are embracing the idea of cross promoting
products and placing displays away from the home aisle.
Creative
sets apart in-store marketing and turns the subconscious shopper into conscious
buys
When
asked if they'd recalled seeing any in-store displays, 56% of shoppers said
they did recalled seeing in-store displays with endcap and free-standing
displays being cited the most. When presented with compelling and visual
displays, shoppers become more engaged and conscious to the value proposition
being offered.
Another
interesting find was that 13% had eye fixations on in-store displays and 66% of
all that observed resulted in a purchase, which shows the importance of
grabbing the shoppers' attention and getting them engaged with a product.
Shoppers
using plastic more like to impulse buy and more decisions in-store.
Those
using a debit/credit card, or another non-cash payment, tend to spend more than
they plan - and do.
With
more and more people turning to the internet for purchases like clothing,
electronics, etc, the grocery store remains the one place where consumers must
get up and go to the store. Of course you see local grocery advertising
specials on TV, radio, and print, but as this report states the in-store
marketing remains a powerful tool of persuasion for marketers.
I
look at this report and see a major opportunity for retail marketers and
digital displays. The report states that when shoppers are presented with
visual displays they become more engaged and conscious to the value proposition
of an item. Digital signage is proven to have a higher recall rate than print
materials. If retailers were to use digital screens built into free-standing,
endcap displays, or even coupon dispensers they would have a better chance of
capturing the buyers attention and engaging them with the item.
Another
opportunity to engage shoppers would be to add touch screen displays or kiosks
through the store. The kiosk can be used to draw the shoppers' attention but
also engage the user by allowing them to browse certain recipes for the
product, check out other users suggested use of the product, etc. If printed
materials can change a shopper’s conscious of the valued offer, just imagine
what an interactive kiosk that helps to improve a shopper's fettuccine
alfredo would do for perceived value.
Digital
displays would also help retail marketers to better target certain audiences.
Having the ability to change content on the fly allows retail marketers to
target group A from 10am to 12pm, group B from 3pm - 9pm, and so on. Unlike
print materials, digital gives marketers the ability to target who they want,
when they want, and at the exact location.
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