Bricks-and-Mortar
IT Strategy
Online retailers have been gleaning information about their customers’ merchandise browsing and buying habits
Value Proposition
Technology needed to improve brick and mortar retailers
Personalized recommendations Targeted advertisements Improved cross-selling tactics Tracking customer count inside the store Physical Layout of Stores
Personalized recommendations
Personalized notifications can be sent to the customer's cellphone device
Targeted ads
Value Proposition
i.e. coupons for shoes if customer has spent extended time in the shoe department
Improved cross-selling tactics
Up selling, different products that customers are unaware of, a item that compliments another item
Tracking customer count inside the store
Ensures adequate staffing levels
Physical Layout of Stores
Helps a retailer develop product placement strategies.
Recognize returning shoppers
Consumers on average are enrolled in 7.4 loyalty programs 53 percent of these members stop participating in at least one loyalty program a year Irrelevant reward offerings (68 percent) and slow reward accumulation (50 percent) as top barriers
Value Proposition
Effectively improve the customers in-store experience
using technology to benefit and value the customer If customers think that they are benefiting then they will be more willing to provide information. Personalized (targeted) marketing has potential to extend market reach and introduce customers to products that they previously didn’t know existed
Wi-Fi Fingerprinting
Tracks the Wi-Fi signal strength of a smartphone or tablet in the store Store's branded app offers services as part of an opt-in loyalty program Wi-Fi signal strength helps retailers develop product placement strategies
Information Technologies
MEMS