5 August Industry News: Create an In-Store Experience August 5, 2019 By Jackie Adamany Industry News, News & Spotlights 0 Ways to Create an In-Store Experience to WOW Millennials and Gen Z Reprinted with permission from Museums & More Magazine. Want to know something strange? Less than one-third of millennial consumers are motivated by advertising — according to a Retail Dive article — and Gen Z is more easily swayed by endorsements from what Forbes calls “micro-influencers”on social media than by tried-and-true marketing methods like television ads.Authenticity reigns when advertising to younger generations and it’s all about knowing how to show off your product’s value proposition. This affinity for value also extends to what next-gen customers want from physical stores, which need to be both unique and product-driven to justify a trip to the store. However, the idea that Gen Z and millennials don’t go to brick-and-mortar stores is one of the most inaccurate misconceptions about young customers today. The reality is that physical stores are a destination for two-thirds of millennial consumers each week and 98 percent of Gen Z customers shop in stores “some or most of the time,” according to Retail Dive. With all these next-gen customers flocking to brick-and-mortar locations, let’s take a look at what you can do to reap the benefits of this traffic in your stores. Switch up success metrics and invest in training Young consumers have notoriously high expectations for the in-store experience. Since millennials and Gen Z increasingly look at stores as testing centers, your employees can make or break what type of time your customers’ have engaging with your inventory. Gen Z customers are notoriously well-informed about the products they purchase and often come to stores with very specific questions for your employees. So, using old-fashioned barometers to measure store associate success, such as on-floor sales, in an era where 46 percent of shoppers showroom (browse in-store just to buy online) demotivates employees, which impacts your customers. After all, nobody wants to encounter an employee that’s pressuring them into a purchase they’re not ready to make. Instead of focusing on floor sales, train your associates to view customer engagement as their defining metric for success. Spend a little extra time on product training so your employees can give next-gen customers all the information they are looking for when they come into your physical store. Most of all, encourage your staff to have fun! When your employees are having a great time on your sales floor, so are your customers. Show off the value of your products The old gold standard of stocking up on name brand inventory just doesn’t cut it anymore, as next-gen consumers are more interested in the product and experience than the name brand on the product packaging.“Gen Z is intentionally choosing not to buy brands with logos and pay premium prices for everyday items,” Jason Dorsey, President of the Center for Generational Kinetics, told Stores Magazine. “Some would rather get things that were not name brand, or even from thrift stores and get more utility and value for their money.” To sell products to next-gen customers in your store, focus on communicating each product’s unique attributes and features. Give consumers the information they need to make the decision to purchase your products. And think along the lines of what the product can do for your customers. Share that value proposition through in-store signage, product demos, and even in social media how-to videos streaming on iPads throughout your store. To read the full article click here. Showing 0 Comment Comments are closed.