Wednesday 21 July 2010

What's new in retailing


As Marketing Week reported not long ago, retailing is putting renewed focus on the customer experience to add value and compete more effectively. The customer experience includes channel choices--allowing buyers to decide how and when and where they want to buy--and service choices. Here are a few examples:

  • Ocado offers an iPhone app (Ocado on the go) to make food shopping convenient and easy for customers
  • Metro Bank, debuting its first London store (branch) next week, will open accounts in just 15 minutes and operate on customer-friendly retail hours instead of limited banking hours.
  • Union Market, just open in London, is a fresh approach to food retailing, a high street-type farmers' market store packed with local fresh foods and beverages.
Retailers have to differentiate themselves to attract customer attention these days, and these three companies are doing just that.