role of the store - summary charts - may 2013
DESCRIPTION
At one time, the physical store defined the retailer. It was the brand. Today, this has changed. Now the store is a part of a cross-channel experience. It is a combination of goods and services. The impact of the change is different by retail sector, but it is pervasive. While changes in other industries have happened incrementally through continuous improvement and process innovation, retail has been transformed by new business models. The pace is faster and the customer demands higher. Redefining the role of the store is critical. It requires partnerships of both retailers and manufacturers. It is for this reason that we wrote this report.TRANSCRIPT
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Role of the Store Study:
Summary ChartsMay 2013
Supply Chain Insights LLC Copyright © 2013, p. 2
Agenda
Study Overview
Operating Channels
Physical Stores
Supply Chain Organization
Supply Chain Insights LLC Copyright © 2013, p. 3
Study Overview
Supply Chain Insights LLC Copyright © 2013, p. 4
Respondents Are Primarily in the Specialty, Grocery and Mass Merchant Retail Industries
Supply Chain Insights LLC Copyright © 2013, p. 5
Most Respondents Work in Retail Management or Store Operations;
Two-Thirds Are Managers
Supply Chain Insights LLC Copyright © 2013, p. 6
Agenda
Study Overview
Operating Channels
Physical Stores
Supply Chain Organization
Supply Chain Insights LLC Copyright © 2013, p. 7
Most Have Physical Stores; Mass Merchants Are More Likely to Have
e-Commerce and Social Commerce
Supply Chain Insights LLC Copyright © 2013, p. 8
Physical Stores Account for Largest Share of Revenue Across Industries,
Especially for Grocery & Mass Merchants
Supply Chain Insights LLC Copyright © 2013, p. 9
Specialty and Mass Merchant Retailers Are Somewhat More Likely to Allow Local Stores
to Have Their Own Sites
Supply Chain Insights LLC Copyright © 2013, p. 10
One-Fifth of Specialty, Mass Merchant and Grocery Retailers Use Twitter for
Customer Service
Supply Chain Insights LLC Copyright © 2013, p. 11
Agenda
Study Overview
Operating Channels
Physical Stores
Supply Chain Organization
Supply Chain Insights LLC Copyright © 2013, p. 12
Physical Store Performance is Equally Below Importance for Core Three Industries
Supply Chain Insights LLC Copyright © 2013, p. 13
Grocery and Mass Merchant Retailers Have More Physical Stores Than Specialty Retailers
Supply Chain Insights LLC Copyright © 2013, p. 14
Grocery and Mass Merchant Retailers Have More Physical Stores Than Specialty Retailers
Supply Chain Insights LLC Copyright © 2013, p. 15
By the End of 2013, the Same Patterns Are Expected
Supply Chain Insights LLC Copyright © 2013, p. 16
Those in Specialty Retail Are More Likely to Expect the Number of Physical Stores
to Stay the Same in 2013
Supply Chain Insights LLC Copyright © 2013, p. 17
Those in Grocery Retail Are More Likely to Report an Increase in Sales Revenue
from Physical Stores vs. 2012
Supply Chain Insights LLC Copyright © 2013, p. 18
Those in Grocery Retail Are More Likely to Report an Increase in Physical Store
Importance in Past Five Years
Supply Chain Insights LLC Copyright © 2013, p. 19
For Grocery’s Physical Stores, the Greatest Opportunity Lies in Part in Demand Insights
Supply Chain Insights LLC Copyright © 2013, p. 20
For Mass Merchant’s Physical Stores, the Greatest Opportunity Lies in Local Assortment
Supply Chain Insights LLC Copyright © 2013, p. 21
For Specialty’s Physical Stores, the Greatest Opportunity Lies in Demand Insights
Supply Chain Insights LLC Copyright © 2013, p. 22
Volunteered Brand Differentiating Services (Open-Ended)
Supply Chain Insights LLC Copyright © 2013, p. 23
Operations, Labor and Prices Are theTop Physical Store Challenges
for All Three Industries
Supply Chain Insights LLC Copyright © 2013, p. 24
Most Are Working on Strategies to Improve Physical Store Operations,
Especially Mass Merchants
Supply Chain Insights LLC Copyright © 2013, p. 25
Volunteered Strategies for Improving Physical Store Operations (Open-Ended)
Supply Chain Insights LLC Copyright © 2013, p. 26
Volunteered Strategies for Improving Physical Store Operations (Open-Ended), Continued
Supply Chain Insights LLC Copyright © 2013, p. 27
Employee Turn-Over at Physical Stores is Reportedly Higher for Grocery and Mass Merchant Retailers
Supply Chain Insights LLC Copyright © 2013, p. 28
Training is Most Common Effort to Combat Employee Turn-Over at Physical Stores
for All Three Industries
Supply Chain Insights LLC Copyright © 2013, p. 29
Walmart Tops Volunteered List of Retailers Who Do Store Management Well (Open-Ended)
Supply Chain Insights LLC Copyright © 2013, p. 30
Challenges or Goals for Store Management(Open-Ended)
Supply Chain Insights LLC Copyright © 2013, p. 31
Challenges or Goals for Store Management(Open-Ended), Continued
Supply Chain Insights LLC Copyright © 2013, p. 32
Agenda
Study Overview
Operating Channels
Physical Stores
Supply Chain Organization
Supply Chain Insights LLC Copyright © 2013, p. 33
Talent Issues Are Among Most CommonSupply Chain Pain for All Groups