HP Innovation Journal Special Edition: Retail Transformation | Page 21

EXPERIENTIAL RETAILING Mobile’s role in connecting to the consumer Mobile devices level the playing field for stores to compete against online retailers and customers armed with research about products and prices. Mobility is quickly becoming table stakes for retailers, but getting this multipurpose technology right is the key ingredient to success. Utilized correctly, mobile devices can be a strong differentiator, leveling the playing field against e-commerce retailers and redefining the store experience for shoppers and associates alike. Empowering associates with mobile devices is the key to improving store productivity and efficiency. Retailers are beginning to recognize this, with 36 percent making mobile devices for associates and managers a top-10 tech- nology for investment by 2020, according to Retail Info Systems’ (RIS) “28th Annual Retail Technology Study.” Delivering enterprise software to associates through mobile devices can lead to improved compliance via task management, inventory lookup, managing store sets for promotions, store audits, reordering, shipment receiving, online order pickup, in-store fulfillment and shipping, restocking out-of-stocks, price changes, and much more. GOING MOBILE TO DRIVE SALES AND ROI Mobile solutions are ideal tools for increasing customer satisfaction, engagement and sales. Empowering associates with mobile devices drives financial performance in the store by allowing associates to focus on customer sales conversion, satisfaction and loyalty, which in turn leads to return visits, lifetime value, and increased market basket size. However, while more than three quarters of retailers (77 percent) say they give mobile devices to regional or field managers, only 57 percent give them to store managers, according to RIS’s “Store Execution Versus Chaos Battle Plan” research. Frontline associates have the inside look at stores and the shoppers in them at any given moment. Open lines of communication provide headquarters with up-to-date information on the stores, while giving associates the real-time company information they need to boost the customer experience. Mobile devices also level the playing field for stores to compete against online retailers and customers armed with research about products and prices. They prevent walkouts due to poor service and inability to answer questions or solve problems. And they give employees the chance to help shoppers by ordering products not carried in the store, or even save the sale by enabling an out-of- stock item to be converted to a digital purchase. 19