Showroom Planning for the Future in a 24/7 World
The increasing pace of American life in the 21st Century has resulted in a 24/7 consumer mentality. Buyers want the right merchandise at the right time in the right place. With today's computer- and product-savvy shoppers, this could mean browsing your Web site at 9:00 p.m., visiting your showroom at noon or paging through a catalog in the afternoon. Understanding this expectation for constant inspiration and immediate gratification is your ticket to growth in the future.
It's also essential to understand the different generations that shop your store to avoid leaving out any potential shoppers. Following are summary profiles of the age groups shopping for kitchen and bath products:
- Baby Boomers have entered their post-child rearing years and
are reinventing their homes for this new life stage. With this
transition, they are beginning to make decisions about what they
want and expect from their next life stage. As the key consumer
group fueling the luxury market, they are more likely to want you
to "Do-It-For-Them."
' - Generation Xers are reinventing their homes to reflect their
personal style, finally discarding the hand-me-downs they inherited
to mix and match new products into their own statement. This group
is in the midst of its "busy years," and research indicates that
there is a high likelihood that at least one person in a Gen X
household works from home. This is very much a "Do-It-Myself"
consumer.
' - Generation Y includes the newest adults just beginning to set up their first households. They are all about constant reinvention and are known to use the Internet at any time of the day for any reason, because it's there. Raised with the newness of technology, they expect this freshness to be a part of other product categories. They also expect to be an integral part of the design process, making them the "Do-It-With-Me" generation.
To satisfy these current homeowner generations, one can employ one or more of a number of strategies, which I will discuss here, in a two-part series. The first two strategies becoming a master of reinvention and how to employ experience retail techniques are outlined in the following paragraphs.
Master of Reinvention
To meet the needs of today's 24/7 consumer, retail managers must become masters of reinvention. Just what does this mean? Consider the lasting success of the mistress of reinvention herself, pop music icon Madonna only for the kitchen and bath industry. To accomplish such a lofty goal, one is required to stay ahead of and anticipate the desires of today's homeowners, who not only like the look and feel of newness, but expect it. Reinvent your store keeping this in mind.
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