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Shopper Insights & Retail Solutions
January 2009

 

       
In This Issue
* Creating a Fresh Start: Value Re-Engineering
* Around the World of Retailing with Chris Ohlinger: Superquinn - Dublin, Ireland
* SmIleRS...thoughts to make you smile from SIRS
* inSpIRationS...thoughts to inspire you from SIRS
SIRS BlocksCreating a Fresh Start:  Value Re-Engineering
10 Key Factors That Drive Today's New Shopper Value Equation Back to Top
  
How does a merchant best re-establish, re-build or re-enforce his Value Position - without going broke?  Sears, K-Mart, Winn-Dixie and most Department Stores couldn't re-establish their value reputations. But Kroger, Walmart and several others did - and are.
 
Today, in these historically troubled times, we are seeing an entire strata of shoppers - large segments - leaving traditional outlets for merchants who are effectively responding to and communicating a new definition of value.  These shoppers need help and, more than ever, they are looking for retailers they can trust to get them through these times. And the shoppers are more than satisfied with the switch.
 
The New Shopper's Prayer is being answered...
 
Give Me a Store That I Can Trust To:
Save Me Money
Save Me Time
Save My Part of the Planet & Resources
Help Me & My Family When I Need Help
Deliver Me from Stress & Unhappiness
And. God, Get Me Out of Here Quickly.

 
In the next FOUR editions of SIRS Shopper Insights & Retail Solutions, we will take you through 10 Factors that these merchants - and several others - focused on to adjust to Today's New Shopping Value Equation caused by the seismic shift in consumer demands and expectations resulting from the economic upheaval we are currently experiencing.   They also happen to be the some of the most common areas where merchants who DON'T get credit for Value fall down.
 
These articles will also provide you with guidelines needed to take advantage of the subsequent reduction in the Quantity of Competition you will be facing in the near future.
 
Each article will include a series of Self Evaluation Questions that can allow you to identify how well your stores are creating an effective "Value" appeal to today's shoppers.
 
More importantly, we can provide you with norms from the most successful value merchants that can give you answers which will allow you to identify what specific areas you need to address in order to improve your Value position at a time when doing so is critical.

 
Be on the lookout for guidelines for creating Value to Shoppers by focusing on the 10 Elements which center around the strategic retail areas listed below:
 
Top 10 Value Factors 
Ireland FlagAround the World of Retailing: 
Superquinn - Dublin, Ireland
with Chris Ohlinger, CEO  Back to Top   
 
SUPERQUINN ... Amazing But Not as Amazing as Its Founder
 
SQ_PositionIf you've never met or seen Feargal Quinn, you've missed a lot.  He has more energy than a Leprachaun after a quart of Monster drink - and more great experiences, stories - - and stores too.  I met him while we were both presenting at the FMI Conference almost 20 years ago.  He - and his thick Irish accent - were mesmerizing - but not as much as his enthusiasm for retailing and innovation.  He's the founder of one of the most creative retailers in the world, called Superquinn.  And he is now Senator Quinn.

Seeing that Ireland was one of my first stops on this quest, I asked Senator Quinn which stores he thought were the best in the world and he gave me a complete list with some surprises.  The biggest surprise was that his store, Superquinn, was not on the list.  I can assure you that this is unfounded modesty - for he was on many other retailing experts' lists.  When asked, he told me that the store of his I should visit was in Blanchardstown, Dublin. 
 
A wonderfully Irish taxicab driver gave me a lively ride to the brand new Blanchardstown Superquinn regailing me with stories about the founder, Senator Feargal Quinn.  
 
SHREWD & CUSTOMER FRIENDLY
Superquinn Parking
I first noticed the parking at Superquinn.  All stores offer parking for the disabled; some stores offer special parking for pregnant women (or men, I suppose) or new moms.  But Superquinn offers parking for families with children.  Smart. 
The excitement continued at the entry where the shoppers encountered a wall of 21st century technology in the form of hand-held scanners available to shopper card holders.  These hand-held scanners enable shoppers to scan their items while they shop - informing them of special sales and other tips.  I'm not sure who likes this idea more - the customers or the operations people.  In this grand opening week, these scanners were passed out and explained by two little, grey haired women who could have been "me mother."  I couldn't get past them.  They wanted to help me, tell me stories, see how they could help, explain how the scanners worked.  I wanted to take them home with me.  This "trick" is known as "Taming the Technology Monster" ... 2 little old women explaining high tech to customers ... not a teenage geek to remind me how 20th century I really am.
 
Superquinn Cafe RefreshOnce inside, the store includes an inviting area to sit and relax called Café Refresh.  After getting pleasantly knocked over by the bakery smell, you enter what gives the impression of a 21st century bazaar of perishable products - meat, produce, seafood, cheese, deli, bakery, etc.  In fact, even the beautiful wood floors give the impression of the exciting cobblestoned market atmosphere in parts of Dublin.  
 
Senator Quinn's stores are incredible.  But that aside, Senator Feargal Quinn is a great man - not only in my book by his kindness, creativity and enthusiasm, but also in the hearts of his fellow countrymen.
Smilers...thoughts to make you smile from SIRS  Back to Top 
 
Blarney
 
 
"If it's a penny for your thoughts, and you put your two cents in, someone's making a penny." - Steven Wright


Inspirations...thoughts to inspire you from SIRS  Back to Top
 
Food
 
"You are never really playing an opponent. You are playing yourself, your own highest standards, and when you reach your limits, that is real joy." -- Arthur Ashe, American tennis player
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For more information on these articles, please email sjobedye@sirsinc.com
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
DID YOU KNOW?
 
WHAT: Did you know that actual price differences of 6% or less* are not perceived as being different by an average shopper?
 
SO WHAT: You can get more credit than you deserve for the prices you actually have.  You can create a strong price and value advantage over stores that actually have lower prices than you. 
 
NOW WHAT: If you are within 6% of the market price leader*, you can dominate him in Value by focusing on the 10 Factors which drive the Retail Value Equation.
 
 
* Based on a full Market Basket Check of Average Family Usage in Main Trip Shopping mode.
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