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Summary lecture 3 Retail Marketing

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Summary of the lectures fall 2016. Not considered grammar and sentence structure. Also some pictures of slides included.

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October 24, 2016
Number of pages
9
Written in
2016/2017
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HC 3 – Retail Marketing 19-09-2016

Slide 2 & 3  Recap of HC 2
Journey = all customer relevant steps (so look through the eyes of the customer).
Guest lecture: Selimi: ‘Customer-centered Retailing’, integration (also data
streams), technological and leadership capabilities.
- Retail mix  7 P’s: process, people, physical evidence

Digital reality
- Smartphones used for in-store
o Price comparison (53%)
o Finding offers and promotions (39%)

Each fase customer goes through is in touch with different channels info or selling
wise.
E.g. H&M  didn’t integrate online and offline (so people start to buy online but H&M
also has B&M and personnel to maintain). When they integrated it  people in offline
stores did not like it (e.g. return clothes). Now discount when you buy offline etc. 
so that customer shops in larger channels.

McKinsey & Company – Digitizing the consumer decision journey
- Discover
- Design
- Deliver
E.g.  Example of a customer journey = L’Oreal (always from the perspective of the
customer)

Look for the touch points for assignment (Baxendale et al. 2015)
Some touchpoints that are not in control: Third party touch points
- Very strong impact for brand consideration
o In-store communication
o Peer observation (other persons using the brand)  make a strategy
of this
Frequencies are also important
- Low contact service – 2 touch points
- High contact service – Way more opportunities to screw up
Recency of touchpoints  remembers the last things that happened (last thing as
most salient).
e.g. Cool Blue  letter when he picked up the TV (felt like they know me). Then a
good experience at the end and he shared this on Facebook.

Self Service Technology (SST) added to the process:
- Technology should facilitate the customer journey also when this is inside 
Not diminish the experience from the outside.
- Technology instead of personnel

Who is in the Shopper?
- What do they do?
o Side note: info graphics to present your ideas.
o E.g. 5 truths of beauty shoppers
- Who are they?
o Who is the segments and what are the characteristics
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