Page 78 - Images Retail January 2018
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THOUGHT LEADERSHIP




         WHY                                                           oday, in the      Brands merging online

                                                                                       and real-world experiences
                                                                       age of online
         IN-STORE                                                      shopping,       with the help of the mobile
                                                                       fl ash sales and
                                                                                       phone as a bridge are
                                                                       convenience
                                                                                       seeing the benefi t in their
                                                                                       bottom lines.
         EXPERIENCE                                         T apps, some              Th   e best stores create a brand
                                                            retailers believe that digital
                                                            strategy is their ‘silver bullet.’
                                                            Yet with all this newness   experience that is completely
         MATTERS                                            and buzz, what sets truly   unique and unforgettable
                                                                                      for the customer. Th  ese are
                                                            innovative marketers apart
                                                                                      spaces that customers want to
                                                            is a single, counter intuitive
         MORE THAN                                          insight: Th e in-store    spend time in, that they look
                                                            shopping experience matters
                                                                                      forward to visiting and know
                                                            now, more than ever.
                                                                                      will always have something
         EVER                                               driving the importance of   new for them to discover.
                                                              Broadly, three factors are
                                                                                       Th  e challenge, then, for
                                                            the modern in-store brand
                                                            experience.               top companies is clear: How
                                                                                      do you leverage the in-store
         – By IMAGES Retail Bureau                             Inherent limit of      experience to ensure brands
                                                              e-commerce experience:   grow and thrive?   Retail
         “If physical retail is really in trouble then why is   People still want to see,   leaders from diff erent formats
         e-commerce giant Amazon working on opening its       touch and feel products,   met to discuss: ‘Why In-
         second brick-and-mortar store? Why have other        and share with others –   Store Experience Matters
         previously online-only brands such as Birchbox       ideally in a community   More Th an Ever’ at the
         and Warby Parker made the jump to offline? The       of the brand loyal. Only a   IMAGES Retail Editorial Meet
         world’s most recognisable brands offer a feeling     store can deliver that full   organised during India Retail
                                                              experience.
                                                                                      Forum 2017 in Mumbai. Th e
         and an experience. Although Virtual Reality and       Shoppers are shopping   roundtable was powered by
         Augmented Reality are making great strides in        less, but still they want their   Philips Lighting.
         digital retail, so far nothing can compare to the    experiences to provide   Th  e esteemed panel
         real-life experience of shopping in a store.”        more.                   included Jitender Verma,



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