HL Insights: Friction-Free Retail for All Shop Sizes
Welcome to our new article series HL Insights!
The modern shopper demands convenience, speed, and personalization in their shopping journey. But there isn’t one fit for all sizes when it comes to creating a flowing shopping experience. Enter the first trend we’ll dive deeper into in our article series HL Insights – friction-free retail.
Friction-free retail is all about streamlining the entire retail experience, from browsing to checking out, by eliminating obstacles and making decisions and transactions as smooth as silk.
Adapt to the shopper mission
According to a PwC report, over 40% of shoppers are willing to pay extra for a product if it means getting it quickly and conveniently. And keeping the “just-a-click-away” competition from online shops in mind, this trend serves up a lot to gain from.
According to a PwC report, over 40% of shoppers are willing to pay extra for a product if it means getting it quickly and conveniently.
However, while stores of all sizes can benefit from providing friction-free shopping experiences, how they respectively approach this trend can – and should – differ, due to inherent differences in scale of operations, product assortment, and target demographics. To succeed in going friction-free, you must adapt to the shopper mission!
Let's explore four different approaches to going friction-free, according to store type and shopper demographic.
Convenience stores
Key words: Speed and efficiency
Convenience stores typically cater to shoppers looking for quick and easy shopping experiences. Friction-free shopping in convenience stores often revolves around speed and efficiency.
Discounters
Key words: Loyalty and location
Discount retailers are growing rapidly and positioning themselves closer to traditional supermarkets. As many shoppers have been looking to save money in recent years, discounters have become increasingly attractive due to their low prices. Now, they are focusing on trying to retain these shoppers by adding other values.
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Supermarkets
Key words: Inspiration and flexible assistance
Friction-free shopping in supermarkets focuses on enhancing the overall shopping experience, allocating time for shoppers get inspired in the store – instead of just trying to tick items off the list.
Hypermarkets
Key words: Organization and facilitation
Shoppers often turn to hypermarkets for quantity, like doing the shopping for a whole week. But a larger product assortment brings larger spaces and more complex layouts, so while going friction-free can seem challenging – it can really set you apart from competition.
Drive loyalty no matter size
In the end, friction-free shopping is all about putting the shopper first. By removing barriers and enhancing convenience at every touchpoint, retailers of all sorts and sizes can build stronger connections with their shoppers and drive loyalty in an increasingly competitive market – while shoppers get a seamless shopping experience.
In the end, friction-free shopping is all about putting the shopper first.
Curious about going friction-free? HL can assist you moving forward! We’d love to discuss friction-easing solutions like shelf automation, future-proof power sources, signage and print, durable ESL attachments, and more steps you can take on your way to make the shopper’s journey less bumpy.
Thank you for taking the time to read this article! Have thoughts on the subject? Please do share "with the rest of the class" in the comment section!
And if you want to get in touch: Contact us | HL Display (hl-display.com)