 Creating
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: |
Around the World of Retailing:
Superquinn - Dublin, Ireland
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SUPERQUINN ... Amazing But Not as
Amazing as Its Founder
 If 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  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.  Once 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 |
|
"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 |
"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. | | |