Retail Archives - Infillion https://infillion.com/blog/category/retail/ Humanizing the Connected Future Mon, 06 Nov 2023 19:10:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://infillion.com/wp-content/uploads/2022/01/cropped-favicon-dark-32x32.png Retail Archives - Infillion https://infillion.com/blog/category/retail/ 32 32 Maximizing Attention in the Age of “Constant Consideration” https://infillion.com/blog/attention-constant-consideration-customer-journey/ Mon, 06 Nov 2023 19:05:50 +0000 https://infillion.com/?p=59390 Here are 5 strategies marketers can use to maximize attention in this new age of "constant consideration" in the customer journey.

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Maximizing Attention in the Age of “Constant Consideration”

The traditional purchase funnel has long been a staple in understanding consumer behavior. This framework has historically illustrated the journey consumers undertake, starting from the “Awareness” phase and concluding at “Purchase” or “Loyalty.” Yet, new findings from Infillion’s Customer Journey Research Report challenge this conventional model.

 

The Widening Consideration Phase.

Traditionally, the “Awareness” stage was viewed as the widest part of the funnel, indicative of consumers at the threshold of discovering new products or services. Yet, our recent data paints a different picture, revealing an astounding 45% of respondents actively considering diverse brands and products, in contrast to the mere 6% still in the awareness phase. In other words, there are plenty of brands that consumers are aware of but haven’t yet decided are worth buying. In some cases, they might have been aware of a brand for years or even decades, but haven’t had the catalyst in their lives that suggests they should become a customer. Cynics call this the “brand dead zone.” We call it “constant consideration” – and we see it as an opportunity for innovative advertising.

In our current digital era, the barrage of information is unyielding. Be it subtle banner ads or persuasive influencer endorsements, consumers are perpetually cataloging. And this cataloging doesn’t always translate into an immediate purchase. 

 

Embracing the Era of Constant Consideration.

The 2023 study of 779 adults, all of whom had engaged with a new brand in the past six months, offers profound insights into modern shopping behaviors. The findings underscore that shopping has morphed into a consistent aspect of daily life, rather than a sporadic or intentional act. A striking two-thirds of these consumers admitted to ordering products on a weekly basis. More revealing, 95% of those who had just completed a purchase were already contemplating their next buy. In other words: Shopping is now an always-on behavior.

Such data confirms that we’re truly in the age of constant consideration. With a treasure trove of information at their fingertips, consumers aren’t just passive participants; they’re in a continuous cycle of evaluation, purchase, and re-evaluation.

Strategies for Maximizing Attention.

To navigate this evolving landscape and ensure they’re taking full advantage of consumer attention, advertisers can adopt the following strategies:

  1. Consistent Brand Messaging: In a world where consumers are perpetually deliberating, consistency in branding becomes paramount. If consumers have been following your messaging passively and it suddenly takes a very different turn, they may not yet be engaged enough to follow along. You’ll lose their attention quickly.
  2. Engage Beyond the Sale: A pause in the purchase process is not a sign of disinterest. Infuse value through enriching content, immersive experiences, or loyalty programs to remain within the consumer’s sphere of consideration. Offering game-based ads, for example – we all love getting competitive, after all – can help you hold consumers’ attention and remain top-of-mind even if they aren’t yet ready to purchase.
  3. Understand Consumer Triggers: Every consumer has a catalyst – be it a discount, a seasonal demand, or a peer’s endorsement. Harnessing these insights can be pivotal. Infillion’s first-party targeting uses geolocation, AI-powered surveys, and more to gain unique insights about consumers, allowing brands to target consumers known to be more discount-friendly or who may be more receptive to messaging while at home versus the office.
  4. Leverage Retargeting: In the digital domain, retargeting isn’t just a strategy; it’s a gentle nudge, a reminder of interest, steering the consumer closer to purchase. Retargeting can help your brand remain top-of-mind with consumers even if they were at a point of “not quite ready to buy” when they initially engaged with your creative.
  5. Use Opt-in Advertising: Advertisers are competing for human time and attention. Infillion’s TrueX engagement ads optimize consumer experience by reducing the number of ads a consumer sees in exchange for their undivided attention. Guaranteed.

The consumer journey is no longer a linear progression from awareness to purchase. In an era of information abundance, consumers are continuously assessing multiple brands and products. To succeed in this new paradigm, businesses must recognize this shift and adapt their strategies to remain pertinent during the extended consideration phase.

 

Infillion is built for the age of “constant consideration.” If you’re curious about how our product suite can help your brand, reach out and we’ll be in touch!

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How Albertsons Media Collective Is Built for Rapid Industry Change https://infillion.com/blog/retail-alberstons-media/ Tue, 24 Oct 2023 17:32:22 +0000 https://infillion.com/?p=59318 At Advertising Week New York, Infillion CMO Laurel Rossi sat down for a fireside chat with Michelle Weiskittel, senior director of retail media network media, creative, and operations at Albertsons Media to discuss how a legacy retail company becomes a pioneer in a new sector of advertising.

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How Albertsons Media Collective Is Built for Rapid Industry Change

The media business is changing fast – and it might not seem obvious that a grocery store brand originally founded in 1939 would be seen as one of the industry’s biggest innovators. But that’s exactly what the Boise, ID-headquartered Albertsons is doing with its two-year-old Albertsons Media Collective. Albertsons, the parent company of regional grocery chains like Safeway, Shaw’s, and Vons in addition to its eponymous stores, has become one of the most-talked-about names in retail media – and with over 2,000 stores and 30 million weekly customers, it certainly brings scale to the table.

But how does a legacy retail company become a pioneer in a new sector of advertising? Through a commitment to values, high standards, and putting the customer first. At Advertising Week New York, Infillion CMO Laurel Rossi sat down for a fireside chat with Michelle Weiskittel, senior director of retail media network media, creative, and operations at Albertsons Media Collective to discuss just that.

“We’re a late mover in the retail media space,” Weiskittel explained, citing that Albertsons was not a digitally native retailer – and that she sees that as an advantage because it could build new digital systems and datasets rather than needing to adapt existing ones. “We really want to take advantage of that late move and build solutions that work for everyone. We can use our voice in that process and build something that takes advantage of where we are now in the digital ecosystem versus where we were.”

That ability to build agile, future-forward systems is key when one of the biggest challenges in the world of retail media networks (RMNs) is standardization. “We know RMNs are an important media vehicle in the space, but there are a lot of them, and in order to make that efficient for the buyers you have to think about standardization,” Weiskittel said. “If everyone’s measuring differently then…let’s have the conversation together and focus on standardization and transparency.”

On that note of transparency, Weiskittel emphasized that it’s a key value for Albertsons Media Collective in dealing both with their customers as well as the consumers who shop at their stores. After all, grocery stores are some of the most hyperlocal businesses out there, and shoppers want to know that their data is being respected. “Grocery is a localized experience in itself, so we have to pull all of that together and really think about the customer and what the customer is going to react to,” she said.

That deeply personal relationship that consumers have with their local grocery store also underpins Albertsons’ commitment to diversity, equity, and inclusion. “Food is the center of most people’s lives,” Weiskittel said. “Our shoppers are diverse. If we don’t carry that through in our strategies, then that’s a miss and we’re not relating back to our shoppers and our customers.” That extends to the internal culture at Albertsons Media Collective, where leadership hosts “listening sessions” with employees about events and issues both inside and outside the company, and where mentoring is a central part of the employee experience.

Michelle Weiskittel and Laurel Rossi were sharing the stage as part of Advertising Week’s “Future is Female” track, which celebrates trailblazing women within the advertising industry. That’s especially key for the retail sector. As Rossi underscored in their fireside chat, women are responsible for 80% of household purchases – and that rises to 93% for food purchases. Recognizing and centering this is what helps a nearly century-old brand like Albertsons continue to be a mover and shaker as the industry evolves both in terms of tech innovation and on a cultural inclusion front.

“When you’ve been in this industry so long, like us, you’re motivated by the change and the desire to push yourself forward,” Weiskittel said. “What keeps me going is that constant rate of change.”

 

Want to learn more about being at the forefront of advertising, retail, and shopping trends? Follow Infillion on LinkedIn for our latest research and insights.

 

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Unveiling the Future of Retail Media Networks with Albertsons https://infillion.com/blog/retail-media-networks-albertsons/ Wed, 05 Jul 2023 21:47:09 +0000 https://infillion.com/?p=58883 In a recent panel discussion in Cannes, Laurel Rossi sat down with Kristi Argyilan, SVP of Retail Media at Albersons, to discuss the transformative power of retail media networks.

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Unveiling the Future of Retail Media Networks with Albertsons

In a recent panel discussion at the Infillion Garden in Cannes, Laurel Rossi sat down with Kristi Argyilan, SVP of Retail Media at Albertsons, to discuss the transformative power of retail media networks. The conversation delved into standardization, data privacy, and the industry’s future. While summarizing the entire discussion won’t do justice to the depth of insights shared, here are the key takeaways on the evolving landscape of retail media networks.

 

Background and Vision: Kristi Argyilan began by sharing her journey, emphasizing her passion for creating engaging advertising and delivering it to the right audience at the right time. “I’ve always been looking for a better way from a media perspective because you see all this really rich content, but getting it in front of the right person at the right time seems to be somewhat elusive.” She expressed her quest for a “win-win-win” scenario, where brands, retailers, and customers all benefit from targeted and relevant messaging, saying “most importantly, that the customer wins, that they’re seeing the content and the messaging that they’re interested in.” Argyilan’s expertise in the creative agency and media spaces eventually led her to Target’s Roundel, where she recognized the immense value of retail media networks in providing customers with the information and engagement they desire.

 

Empowering Women in the Industry: Laurel Rossi took a moment to address the role of women in the industry and sought Argyilan’s perspective. Argyilan acknowledged the changing expectations of leadership styles and highlighted the natural inclination of women to bring everyone along and foster collaboration. She shared valuable advice with women in the industry, encouraging them to trust their knowledge and embrace vulnerability as a strength. “First off, trust what you know. So many times we’re quiet for multiple years…because we’re not quite sure we got it right. And so we listen and we’re like, they just said what I could have said 15 minutes ago. And then the other piece is trust that being vulnerable in the workplace is actually a strength, it’s a superpower and it’s the way that people really buy into you as a leader.” According to Argyilan, vulnerability is essential for building trust and connecting with the younger generation entering the workforce.

 

Understanding Retail Media Networks: The discussion then shifted to the definition and differentiation of retail media networks from traditional shopper marketing. Argyilan explained that shopper marketing originated from in-store circulars, signage, and point-of-purchase displays. However, as shoppers became more digital and loyalty programs generated valuable data, retailers recognized the potential to evolve. “It suddenly became apparent with our websites and our apps that we were starting to sit on the makings of a media company.” 

 

Hyper-Relevance and Consumer Respect: Argyilan highlighted the unique advantage of retail media networks, providing hyper-relevant data on consumers’ behaviors and preferences, both online and offline. But she also stressed the importance of respecting consumers’ time, attention, and privacy while delivering personalized advertising. She stated, “If we promise hyper-relevance and respect to the consumer, we can build stronger relationships.” This approach fosters trust in the industry and strengthens customer connections.

 

The Power of Local and Customization: Albertsons is an example of the value of being a local-centric retail media network. The industry gains immense potential by customizing marketing efforts to meet the needs of specific communities and integrating online and offline channels. Argyilan explained, “The idea of being able to take the media and sales data and bridge that gap… that is where we are going.” Bridging this gap opens up new opportunities for retailers and advertisers alike.

 

The Landscape and Standardization: With the emergence of various retail media networks, the topic of standardization became crucial. Argyilan acknowledged the complexity faced by advertisers in dealing with different platforms and emphasized the need for standardization across networks, noting, “We’re hearing loud and clear from our clients that it is too complicated to have to figure out how each of us does our thing… they’re hiring people to try to normalize us and they shouldn’t have to do that.” By streamlining processes and metrics, retail media networks can offer advertisers consistent and comparable results. Collaboration and removing friction from the engagement process are key to fostering stronger partnerships between retailers and advertisers. She stated, “We have to get our act together. We need to standardize the industry, align different networks, and make it easier for advertisers to compare results and measure effectiveness.” Retail media networks can gain greater trust and investment from brands by simplifying the engagement process.

 

Challenges and Opportunities: The panel concluded with a discussion on the challenges and opportunities that lie ahead for retail media networks. Argyilan expressed the importance of continuous innovation and balancing the enhancement of the base business with an aggressive innovation agenda. Efforts are underway to leverage first-party data, build targeted audiences, and integrate with programmatic platforms for seamless ad placement. Collaboration among retail media networks and the industry as a whole is seen as crucial to achieving widespread progress and making the market more accessible and transparent. 

 

The panel discussion at the Infillion Garden at Cannes provided valuable insights into the world of retail media networks and the need for standardization. Kristi Argyilan’s journey, coupled with her vision for creating win-win-win scenarios, emphasized the potential of retail media networks to revolutionize advertising and customer engagement. As the industry evolves, collaboration, innovation, and standardization will pave the way for a future where retailers, brands, and customers can all reap the rewards of personalized and effective marketing strategies.

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TV Commerce: 3 Ways to Make Shopping Click for Consumers https://infillion.com/blog/tv-commerce-shopping/ Thu, 08 Dec 2022 17:19:04 +0000 https://infillion.com/?p=58220 What will it take for shoppable TV to be a more valuable part of the marketing mix for brands — and a viable medium for consumers who want to shop as new shows and seasons drop? Here are three things marketers can do now.

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This piece was originally published on Retail TouchPoints. 

Selena Gomez fans may love her wardrobe in Only Murders in the Building, but those who want to buy clothes like the ones she wears — or products advertised during the show — may find themselves grappling with an experience that’s as old school as her sidekicks in the Hulu series.

Despite an increase in the number of households with smart TVs and the growing number of shoppable ad formats, the shopping cart remains stubbornly elusive for many brands and retailers. And consumers, accustomed to going from discovery to purchase with just a few clicks on social media and retail sites, are primed to do the same with streaming ads. With brands looking to bring direct marketing into the 21st century at last, linking TV ads and ecommerce is critical.

Fortunately, some progress has been made. Today CMOs are navigating shorter purchase cycles by marrying elements of branding and direct-to-consumer marketing so they can better customize the customer journey. The result is that just about every form of digital advertising and content has become shoppable. What will it take for shoppable TV to be a more valuable part of the marketing mix for brands — and a viable medium for consumers who want to shop as new shows and seasons drop? Here are three things marketers can do now.

1. Make the User Experience Easy


It’s no secret that many of us have a digital device in our hands while we’re watching TV — 84% of U.S. adults do, according to Engine Insights. This should provide the ideal bridge for shoppable TV ads, but the experience can be a bit confusing. In some cases, remote controls drive the shopping experience and for others it’s a QR code that can be scanned by a smartphone.

A recent study found that 76% of consumers would use a QR code in a TV ad if it was relevant to them. Given this renewed interest in engaging with QR codes, marketers should consider using this format in ad campaigns.

2. Create Relevant and Engaging Ads


Consumers are viewing programming across more streaming platforms than ever before, and many programs feature streaming ads now. Fortunately there are new studies about streaming ads and consumer preferences to help marketers better understand the overall experience. For example, 50% of consumers in a recent Infillion/Ipsos study said they consider ads “good or helpful” when they are tailored to their interests. What’s more, consumers said they would be willing to share more data with brands in order to see more relevant ads.

This is powerful — marketers have the ability to create ad content that is personalized based on hyper-local and relevant data. By delivering this kind of advanced creative ad, marketers can capture more sales. As indicated by another study, these types of dynamic ads drive a 309% higher engagement rate than standard pre-roll ads.

3. Experiment to Drive Success


A growing number of large retailers and brands, from Walmart to Kay Jewelers, are among those testing shoppable formats on TV. The key word here is testing. In order to find what works for your brand and products, take time to test different formats and messages. The great thing about shoppable video is the immediacy of the medium. Marketers can see the results of their campaigns in real time as they track impressions, add-to-carts and purchases.

Making TV advertising more interactive and ads more actionable, even on streaming platforms, would be no small feat — after all, we’ve been talking about shopping fashions featured on shows since Friends first aired — and it’s time to rise to the occasion. While ecommerce sales are expected to reach 23.6% of total retail sales by 2025, businesses face the most challenging fourth quarter in years. Every stakeholder in the ad-marketing industry should be prepared to meet the moment. The rewards for those who do will be enormous.

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Reinventing the In-Store Experience: The Reshaping of Retail https://infillion.com/blog/reinventing-the-in-store-experience/ Mon, 28 Jun 2021 14:58:19 +0000 https://infillion.wpengine.com/?p=40458 From interactive engagements to destination shopping, major retailers are doubling down on brick-and-mortar post pandemic. The world is reopening. After more than a year of people trying to avoid crowds and maintain social distancing, retailers are betting that shoppers will shift to in-person experiences to make up for lost time and regain a sense of […]

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From interactive engagements to destination shopping, major retailers are doubling down on brick-and-mortar post pandemic.

The world is reopening. After more than a year of people trying to avoid crowds and maintain social distancing, retailers are betting that shoppers will shift to in-person experiences to make up for lost time and regain a sense of normalcy. But that normalcy won’t be what customers have always experienced. It’s changed. And for the better.

We’re already starting to see hints of the coming shift as major retailers like Dick’s Sporting Goods, Nike, REI, and others are incorporating unique experiences into their physical stores. With larger, more interactive engagements, retailers will inevitably need technology solutions to meet the new expectations consumers have after living in the “phygital” world for the last 16+ months.

Here’s how a few companies are preparing to become physical shopping destinations – a retail experience of the future – and what other stores can do to follow their lead.

An experience not to be discounted

Dick’s Sporting Goods

The sporting goods king has debuted a number of new store concepts in recent months, including its new off-price model dubbed Going, Going, Gone. This is in addition to two other discount store concepts, Overtime and Warehouse Sale, that are helping the retailer test new ways to reach a specific set of their customer base – the discount shopper. 

For the store experience, Dick’s recently announced the launch of the House of Sport concept, an experiential format that will include a climbing wall, a turf field and track, yoga, wellness services, and more. Upgrades to the company’s Golf Galaxy stores follow a similar path in bringing in golf lessons and hitting bays. They are also differentiating these experiences through brand partnerships with Titleist and others for golf club fittings. 

For both formats, the goal is to create a place that offers services and amenities that consumers can use all year and will continue to come back to the store time after time to enjoy them. 

Livin’ la vida local

Nike 

Nike is also dabbling in a variety of new store formats, including its smaller, local-focused format called Nike Live. The concept is tailored to the local market to include local team brands and decor that match the flavor of the community. For example, the Nike Live store in the company’s Oregon hometown will feature University of Oregon merchandise.

To maximize in-store engagement, many of the store’s services will take a digital format that pairs with the Nike app. For example, a digital vending machine called the “Unlock Box” will allow members to redeem free gifts and products. Customers will also be able to choose ship-to-store and text store employees about current sales, product availability, and other offers.

The hybrid model of bringing digitally led experiences to physical retail is unique when thinking through the omnichannel approach – where the engagement channels are being brought together in one place. It all lends itself to a sticky loyalty play.

Community-led, locally bred

REI 

Last year, REI opened a new co-op store in North Conway, NH, seeking to bridge the gap between its products and the raw environment in which they’re used. Taking the bulk of the focus away from commerce, the new 25,000 square foot store aims to lead with experience and encourage community – a huge theme that came from the pandemic. 

In the heart of the store are long multi-seating tables that are conducive to workshops and consultations. Multipurpose displays allow for added flexibility, from selling products to providing educational community demonstrations or events. The space also doubles as a meeting place that connects locals and visitors alike with programs and products to take advantage of recreational opportunities in the area. 

Most notably, the store’s location was chosen based on where its shoppers are likely to use the products they purchase. It’s destination shopping at its finest.

Leave it to the pros

Lowe’s 

Home improvement store Lowe’s is starting to explore different ways to cater to its professional customer base in-store. Professionals spend significantly more and shop more frequently than the average homeowner or DIYer, leading the retailer to seek better ways to drive speed and convenience. 

Changes to the in-store experience include a new Pro Trailer parking zone, a Pro Zone near the entrance stocked with commonly purchased contractor items, a rental tool program, and a Pro Desk that offers free cell phone charging. The store also plans to expand its brick-and-mortar offerings with windshield cleanings and free air stations in the near future. 

Lowe’s is also implementing new in-store technologies to empower store employees to grow and retain Pro accounts. These technologies rely on data-driven processes to personalize relationships, interactions, and recommendations, leading to increased loyalty among its target customer base.

Contactless commerce

Foot Locker

Foot Locker is reimagining one of the banes of in-store shopping: the checkout experience. Stores are now implementing contactless payments for a more seamless, streamlined process.

The move is helping to reduce lines and wait times at the cash wrap, allowing customers to get in and out of the store. It also aligns with a growing consumer preference for digital wallets and alternative payment methods that are both convenient and secure.

And while removing the final customer touchpoint (the checkout process) from the in-store experience might seem like a failure in customer service, there’s another side that should be considered. Store employees now have more time freed up to engage with customers on the sales floor or be delegated to deliver a speedier curbside service. It’s an opportunity to reinforce the brand, highlight special promotions, and increase customer satisfaction.

Mini-stores to curbside cures

Target 

Target has long been talked about as a leader in the retail space and their updated store strategy will continue to shape that narrative.  Aside from updating stores to fulfill health and safety protocols, Target’s remodeled stores are fitted to revolve around better customer experiences.

Their “store-within-a store” model via brand partnerships with Disney, Apple, and Ulta is a strong category play that will surely delight shoppers, increase loyalty, and secure brand equity for all parties. 

Outside of the in-store experience, literally, is Target’s emphasis on a convenient pickup experience with designated curbside and drive up areas. Once a trend setting differentiator – and further fueled by the pandemic – is now essential for many businesses.

Using Technology to Reinvent In-Store Shopping

In-store retail is being reinvigorated, perhaps more so after a year-plus long pandemic that underscores the need for personal connections. 

A common thread between these retailers’ expansion to the in-store experience is how they’re using technology in different ways to meet new consumer expectations. New physical amenities are being augmented by technologies that bring the customer experience full-circle. Data is used to create more personalized interactions and make better product recommendations, while other tools and tactics are creating a sense of community that will incentivize customers to keep coming back. 

To further enhance a technology-driven in-store experience, retailers should take advantage of the value that location plays in personalizing the visit. Not only can location services help identify someone who walks into your store, but it helps fuse the brick-and-mortar and digital channels together. It’s now all about interconnectivity and the experience. Gone are the days of the “in-store people,” “mobile people,” and “online people” being treated as three different channels; that’s not the way consumers look at the world. 

Also, when you consider some of the services that are being offered at REI, for instance, consultations will likely rely on appointment settings. By understanding when someone has left for their appointment, if they are running late or scheduled to be on time, reps could service someone else who has been waiting at the store in the interim. Not only does this benefit internal teams, notably operations, it also enhances customer satisfaction and in turn lowers retention.

Other digital components, such as the “store-mode” feature on mobile apps like Home Depot rely on geotargeting to enhance the in-store experience – a capability which, according to a 2021 Digital Trends Report from Adobe, nearly 73 percent of retail executives regarded as “critical” or “important” to their efforts to connect and deliver the right experience at the right time.

Complementing physical stores with location technology can help you learn even more about your customers including store visitation patterns, dwell times at various areas within the store (via beacons), and even what floor customers are on. Pull customers into your store and give them a reason to stay by connecting with them on any device through SMS, email, or the mobile app.

Creating impactful in-store experiences is poised to be the theme of physical retail moving forward. However, rather than seeing the in-store experience and technology as separate entities, the omnichannel begins to collapse and the magic of the physical store is brought together with the online and digital worlds.

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