Riaprono i negozi Moda e Lusso: One-channel è la stella polare - EY WEBINAR
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EY WEBINAR | FASHION & LUXURY Riapertura dei negozi moda e lusso – cosa fare subito – nella direzione omnichannel Benvenuto - Stefano VITTUCCI, Consumer Products and Retail Italian Leader Coordinamento - Armando BRANCHINI, Fashion & Luxury Senior Advisor Rifondare la customer experience Armando BRANCHINI, Fashion & Luxury Senior Advisor Elena DE CO', Head of TAS-Strategy Fashion & Luxury Roberto LAROCCA, Retail and Distribution Senior Advisor Cosa e come fare, oggi, nelle aree di interazione tra consumatore e marca&prodotto Sicurezza e servizio: le priorità per la riapertura Riccardo BOVETTI, Consumer Product and Retail Mediterranean Leader for Assurance L’innovazione a sostegno dell’esperienza e del posizionamento Riccardo BIGIO, Executive Director Fashion & Luxury and MED area leader Digital & Innovation CRM e Clienteling per una relazione personalizzata col cliente, nella Fase 2 Luca GRIVET FOIAIA, Partner - Technology Advisory Ruolo del Customer Care nella Strategia One Channel Irene PIPOLA, Partner – Strategy & Operations Verso il modello One-Channel One Channel – La trasformazione nel breve termine Giovanni PASSALACQUA, Partner - Strategy & Operation Floriana D’ANGELO, Senior Manager - Strategy & Operation / Consumer Product & Retail Q&A e Conclusioni Armando BRANCHINI, Fashion & Luxury Senior Advisor
Brick & Mortar Store and e-Commerce as two separate retail channels Often underperforming and delivering poor service and experience to the customer
Brick & Mortar Store becomes a Hub Delivering appropriate service and experience to the customer and Giving a new meaning to the huge investments made in brick & mortar stores
Rifondare la Customer Experience Conversazione a tre: Armando Branchini – EY Fashion & Luxury Senior Advisor Elena De Cò – Head of TAS-Strategy Fashion & Luxury Roberto Larocca – EY Retail & Distribution Senior Advisor
Stores reopening and new Retail scenarios – Restart and Future Proof strategy Pre Covid During Covid New Short term Strategy . Next Protect the Business Situation Lockdown Normal • E-commerce boost • Cost management Physical Stores reopening -30-40% Organic • Ensure safety F&L Penetration Growth Expected at 20-27% • New selling ceremony, E-Comm. Penetration Penetration +40% Beauty +6-12% stores as ateliers 12-15%* and Cosmetics Building the New Normal Traffic Stores Traffic rebound expected to • Physical retail remains Physical -7% CAGR Closed take 6 -12 months strategic Retail • One Channel approach • Quick Wins (impact 2020): loyalty and revenue boost (*) 14,7% overall, 12% for Personal Luxury Goods
One customer, One Brand, One Channel Outstanding Personal Consistent Seamless Customer Experience across brand’s touchpoints Source: EY Future Consumer Index, April 2020
Customers are multi channel – One Channel customer experience Online ~70% business 2008 2008 1994 ~15% ~10% Digitally launch online sales influenced Physical Online (12% in luxury) ~5% store 2017 2012 2015 ShowRooming* opening ~55% Ropo: Research online, ~60% purchased offline Multi-channel ~30% Only physical (*) Seen in physical store, bought online
One Channel «Recipe» Top Commitment and Organization & Change Management Sales & Marketing Accountabilities Program Operational Processes IT Source: EY Future Consumer Index, April 2020
Winning the One Channel challenge – One brand, One Customer, One Channel Outstanding and seamless customer experience What consumer wants Web Physical Store- Franchising How to achieve it 1. Strong ownership and top Sito Physical management commitment E-commerce Store-DOS 2. Selection of right partners 3. Capabilities 4. Strict program management Apps control Social media Future proof strategy BRANDS → Role and future profits RETAILERS → survival Customer Service
Final Recommendation 4 3 2 Identify the target and be 1 focused on the next step Source: EY Future Consumer Index, April 2020
Sicurezza e servizio: le priorità per la riapertura Riccardo BOVETTI, Consumer Product and Retail Mediterranean Leader for Assurance
Servizio e sicurezza: l’equilibrio che sposta le priorità Sicurezza Servizio Definizione e attuazione Definizione e attuazione di delle procedure volte a nuove modalità di servire nella salvaguardare la sicurezza ricerca di bilanciare la dei clienti e del personale potenziale minore propensione all’acquisto post lock down Store Operation Procedure Strumento per cogliere anche l’evoluzione dell’equilibrio
Servizio e sicurezza: alcuni key topics ► Gestione degli ingressi e delle code ► Nuove modalità di ingresso ► Vendita su appuntamento ► Gestione esposizione del merchandise ► Gestione degli spazi e merchandise ► Ridefinizione layout fisico ► Chiusura del ciclo di pagamento ► Gestione del fitting room ► «Cerimonia» di vendita ► Sanificazione spazi e merce ► Rivisitazione delle misure di performance del punto ► Performance Management vendita ► Nuovo ruolo del venditore e definizione incentivi compatibili con la nuova figura
L’innovazione a sostegno dell’esperienza e del posizionamento Riccardo BIGIO, Executive Director Fashion & Luxury and MED area leader Digital & Innovation
«One Channel» roadmap: 4 fundamental steps to achieve short term results coherent with the long term strategy ► Company status and specific needs ► Digital readiness assessment ► Benchmark with competitors ► Implementation roadmap ► Mapping of digital enablers ► Innovation scouting ► Fit with specific value chain needs ► Integration context and modalities ► Removal of organizational boundaries ► Organization ► Mix of functions and competences ► Objectives, incentives and top management support ► Coherence with crisis management and restart plan ► Test & Learn pilots ► Test & Learn pilots results ► Large scale deployment
Innovation scouting: 200+ digital enablers that help facing the most pressing market challenges in the short and medium term WHAT WHY HOW ► Structured innovation ► Anticipate market and ► Providers of specific products scouting approach technology trends and and services potential future evolutions ► Each solutions linked to ► Partners for the co- specific Fashion/Luxury value ► Technology is necessary to development of technology chain needs compete with market leaders and business solutions ► 200+ startups and innovative ► More suitable to the current ► Potential targets for companies mapped crisis than ad hoc solutions acquisition and enterprise transformation Platform Product Corporate Completion Engagement Web Integration Intelligence, Ecommerce marketing with 3rd Other SW Product Merchand- Sales and Logistic and analytics platform Operations Payments and party online development development ising retail fulfillment and development communica- platforms reporting tion
Virtualization and online stores differentiation ► VR / AR and virtual showrooms ► Sizing ► Progressive delivery, testing and personalization ► Smart mirrors
Inventory, delivery and returns ► Cross channel delivery ► Inventory management ► Returns ► AI merchandising
Digital sales assistance ► Sales assistance and feedback analysis ► Appointment booking ► Chatbots ► Search (AI semantic & visual)
CRM e Clienteling per una relazione personalizzata col cliente, nella Fase 2 Luca GRIVET FOIAIA, Partner - Technology Advisory
The new normal in the F&L sector DIFFERENT «SALES PLACE» Online Sales In-store Increased traffic ONE Reduced traffic CHANNEL CRM tools & techniques are key in the reshape of the customer experience based on: Personalization Direct Engagement Products / Preferred One-to-One Personalization Communication Fit-size Sales Place dialogue Channel & Types
The key capabilities of CRM 5. Integration 1. Clients’ Database 4. Marketing 2. Segmentation Automation and Analysis 3. Clienteling Nothing new and maybe many companies already have this tools. HOW those are designed, deployed, used is key
The key capabilities of CRM 1 Clients’ Database 2 Segmentation and Analysis Make In-store appointment a "privilege“ Big & Rich of Attributes. e.g. maximizing conversion also Online with Collection of behavioral data during clustering: lockdown • Higher Customer lifetime value (CLV) Previous purchases phases for best fit / • Digital addictied vs adverse • … size to leverage in store appointment … Otherwise start to create data To drive personalized product collection campaign and build it related communication and CTA… (with privacy rivalidation) … considering trust
The key capabilities of CRM 3 (Mobile) Clienteling Store Managers / Sales Assistants to directly engage customers inviting for in-store visits ensuring trust. Engage Ensure with pre-shopping sessions and Schedule the client with in-store presence of product presentation in-store appointments favorites product & security ALL IN THE CLIENTELING APP - Keeping the control of the client reations and data HQ CRM Team to plan Push campaign into the Store rep APP
The key capabilities of CRM 4 Marketing Automation 5 Integration • Personalized experience of Full integration for data collection massive online clients and experience • Preferred Sales Place: Drive personalization to store Drive to online Front-end Back end • Based upon Clustering, personalized message & preferred Product focused Touchpoints,… Supply chain • … In store Stock Maximizing conversion inventory, …
HOW the new normal is designed, deployed, used is key There are also organizational implications Store Reps CRM HQ team Key role in the client relationship Analytic CRM management Training and reskilling Centralized campaigns management and planning The technology to achieve all this quickly and progressively is now widely available, and people could be realigned to the new normal Consider a critical review of the available tools & technology, with related process, skills to design a complete and ambitious “now normal” and realize it quickly and progressively
Ruolo del Customer Care nella Strategia One Channel Irene PIPOLA, Partner – Strategy & Operations
Customer Care is a fundamental component of the Omnichannel strategy Client support through an effective Customer Care service should be seen: as a caring channel and resolution point of contact with For customers brands Digital as an opportunity to collect customer information and For brands Sales Marketing additional sales channel Content Customer “Customer care is the activity that 72% of the responders consider Care fundamental for the increase of the corporate reputation for E-commerce player and carriers” e-commerce Customer care 72 framework Purchasing process 53 Finance Channels Delivery 29 Social media 26 Resources involvement 18 Customer Loyalty program 13 Supply Chain Insight Payment systems 12 Printing & Advertising 11 Events organization 5 0 10 20 30 40 50 60 70 80 Source: Il Sole 24 ore
An excellent Customer Care might turn into improved economic performances Typically complex Customer Care has been associated to the Service industry (Telco, Banking…) since it represented a competitive arena to retain customers • Customer satisfaction in the short Increase percentage of term (especially for those with less An excellent Customer Sales from CC Upselling expertise with the full digital service) Care Service brings • Higher purchase/repurchase different advantages propensity + 6-10 % • Promotion to friends & family A streamline Customer The optimization can lead to a first 80% Single contact Care management contact resolution of 80% on the total contacts, resulting in a reduction of 20% Second interaction allows to optimize the contacts to be managed reqiured associated costs
Customer Care success factors Customer Care Integration with every sales channels (One Channel logic) to: • Guarantee coherence • Allow agents to obtain the client Solid competences and knowledge information history on products to enable: • Complete management service • Upselling possibilities during Inbound contacts Easy access through different channels: telephone and digital Key differentiating (e.g. chat, WhatsApp, mail and social) elements of kick starter Customer Care Customer Care Agent ownership to 1° First contact resolution through solve issues and maintain an real time access of all the tracking ongoing customer relationship – in tools for every case & order case of no first contact resolution
Contact center agenda to enable a strong Omnichannel support - Priority list EY can provide immediate support and also pursue quick wins based on clients Customer Care level of maturity: WORLD CLASS FROM COST TO ✓Set up of digital advanced tools: e.g. PROFIT CENTER WhatsApp integrated with the sales platform to simplify the access to the customer ✓Change of the monitoring model to FIX THE BASICS foster sales (e.g. replace # of contacts care/social and to allow the easy switch of client management from public to private and cost per contact to #contacts with mode ✓Implementation of a monitoring system to upselling outcome) evaluate service quality and to align those ✓Evolution of monitoring systems to mechanism with 3rd parties (#contacts ✓Set up of commercial training to agents guarantee the real time coverage of the solved/time of resolution/ etc.) new channels ✓Implementation of an incentive scheme ✓Set up of an HUB for continuous CC to promote upselling ✓Implementation of advanced analytics to improvement to exploit collected info maximize sales and any proactive ✓Introduction of digital tools to facilitate recontacts ✓Agents training and KM to address cross-channels sales (e.g. digital agenda product info requests for store appointment) ✓Definition of profiling mechanism to guarantee the same agent and ease ✓Introduction of basic tools of CRM/ routing/ ✓Evolution of the investment business “intimacy and emotional connection” tracking calls cases to automatize the case model – to be based on topline vs management process cost
One Channel – La trasformazione nel breve termine Giovanni PASSALACQUA Partner, STRATEGY & OPERATIONS Floriana D’ANGELO Senior Manager, STRATEGY & OPERATION – CONSUMER PRODUCT & RETAIL
Looking Forward – Toward a One Channel Strategy transformation GAIN TRUST & ATTRACT TOWARD STORES & PHYSICAL CHANNEL/ TOUCHPOINTS ADOPT A STRUCTURED ONE CHANNEL STRATEGY AGILE APPROACH TO TRANSFORMATION GUIDING INTRODUCE NEW PRINCIPLES FOR THE SERVICES & SOLUTIONS NEW NORMAL NOW LAUNCH A COMPREHENSIVE CHANGE MANAGEMENT PLAN UNDERSTAND THE NEW WITHIN THE WHOLE CHANGED NEEDS, PRIORITIES ORGANIZATION AND EXPECTATIONS OF CLIENTS
Looking Forward – Gain Trust THE COMPONENTS OF THE VIRUS FREE RECIPE • ACQUIRE THE RIGHT CAPABILITIES REGULATIONS monitoring MIX AND SET A MULTIFUNCTIONAL OPERATIONS BUSINESS TEAM TO ADDRESS THE DIFFERENT sustainability CONTINUITY “RECIPE COMPONENTS” guarantee Health Services & Design of operating guidelines to guarantee the TRAINING and Supporting • DEFINE AN INTERNAL – CROSS internal & external HEALTH AND COMMUNICATION SAFETY of all TECHNOLOGY DEPARTMENT TASKSFORCE TO ENABLERS to all the stakeholders scouting SPEED UP STRATEGIC DECISIONS & stakeholders EXECUTION INDUSTRIAL WORKFORCE relationships management management
Looking Forward – Understand new customer needs KEY COMPONENTS TO BE TAKEN IN CONSIDERATION NEW NEEDS, PRIORITIES The Centrality of & EXPECTATIONS A deep listening to ENGAGEMENT CUSTOMER voice ACTIVITIES < The potential related to Strengthened Sales ADVISORY SERVICES 1-to-1 RELATIONSHIP The impact of Optimized PRODUCT CROSS-CHANNEL PRESENTATION purchase process
Looking Forward – Adopt a “structured” Agile Approach Learn from test EMPHASIZE DEFINE IDEATE PROTOTYPE DEVELOPMENT & TEST Phases can be managed in parallel, be consequent or reiterated They are just different modalities that contribute to an integrated project
Looking Forward – Launch an adequate Change management plan CULTURE & WAYS OF WORKING PROCESSES, ROLES & ORGANIZATION MANAGING THE CHANGE EMPLOYEE EXPERIENCE COACHING & TRAINING
One Channel, lessons learnt One lesson learnt from the disruption caused by Covid-19 pandemic: physical and digital channel have to permeate and boost each other along the entire funnel, while evolving their self-standing features 1. REVISE THE JOURNEY 3. RENEW «EXCLUSIVE» ENGAGING ALONG THE RETAIL, 50% STORE & 50% HUB OVERALL FUNNEL 2. RESHAPE THE SALES 4. STRENGHTEN ECOMMERCE VoC & Light Sentiment «CARING» CEREMONY Drive to store & ship from store & PRODUCT DISPLAY Survey, Customer Analytics processes activation, online Sales Process Review, Customer booking launch, store Operating model features Digital Audit, New service & profiling & Personalization, premiumness strategy optimization, UX/UI and digital experience design Store Assistant training & boost, info commerce & virtual Coaching, virtual assistant showrooming support New Basics & New Contents FROM… …TO Foundations Improve Store traffic & Upselling • Online booking • Click/Pay Collect CUSTOMER • Return in store PORTFOLIO Support Efficiency Store Assistant Personal Virtual • Ship from store Shopper Assistant New Initiatives New Services
Q&A
Contatti Stefano Vittucci Riccardo Bigio Stefano.Vittucci@it.ey.com Riccardo.Bigio@it.ey.com Armando Branchini Luca Grivet Foiaia Armando.Branchini@it.ey.com Luca.Grivet-Foiaia@it.ey.com Elena De Cò Irene Pipola Elena.De.Co@it.ey.com Irene.Pipola@it.ey.com Roberto Larocca Giovanni Passalacqua Roberto.Larocca@it.ey.com Giovanni.Passalaqua@it.ey.com Riccardo Bovetti Floriana D’Angelo Riccardo.Bovetti@it.ey.com floriana.dangelo@it.ey.com Per ulteriori informazioni, visitate www.ey.com/covid-19 #IoRestoaCasa
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