Nordstrom is known for its exceptional customer service and does
not deny publicly that it once took back a set of tires from a customer
who was dissatisfied with the purchase even though Nordstrom does not
sell tires. The story is not true of course, but that's not the point -
it speaks to the Nordstrom brand. Similar to other brick-and-mortar
department stores, Nordstrom is challenged by ecommerce competitors and a
paradigm shift in the way consumers shop. In response, Nordstrom is
constantly tweaking its business model to maintain its relevancy to its
customer base and to create more compelling customer experiences.
The company appointed Olivia Kim as Vice President of Creative
Projects, whose role is to recruit new customers and make the
brick-and-mortar store a destination for fashion inspirations and
merchandise that is not easily found elsewhere, according to a recent
Glossy podcast. Kim explained the strategies that she is using to
appeal to customers interested in fashion, art, culture and style and
thereby turning Nordstrom into a go-to destination for that type of
inspiration. Experimenting with eight different Nordstrom stores, Kim
establish theme-related temporary pop-ups within the stores, including
digitally native brands such as Everlane and Warby Parker, and obtaining
exclusive merchandise from existing partners such as Nike and Alexander
Wang.
Kim wanted to emulate Fashion Week's Opening Ceremony that promotes
obscure brands or re-imagines existing brands in new ways. A number of
retailers are experimenting with collaborations, but for those efforts
to be successful they need to be able to interest and inspire
consumers. They need to say to customers, 'come here because we are on
the cutting edge, we have something new and different.' Kim explained,
consumers "Need to look to you as a point of inspiration when they go to
make their next purchase. Earning trust is how you gain wallet share."
Kim also recognizes that today's consumer wants a shopping
experience that is easy. There's more to it than how quickly someone
can acquire a product - it's more about preference. While Kim
recognizes that Amazon needs to always be on her radar screen, she does
not view Amazon as a competitor. She is focused on bringing experience,
product and cool ideas to her customers and matching her customers to
new brands.
Lessons for decorative plumbing and hardware showrooms: Consider
emulating Opening Ceremony in your showroom for your builder, designer
and homeowner customers and show how you can re-imagine new baths in
different ways. These may include some of the new technologies for
tubs, shower systems, mirrors, integrated in-cabinet and drawer
lighting, really cool new storage solutions, advancements in countertop
materials, smart water closets, etc. The opportunities are almost
endless. There are also opportunities to pioneer brands that most of
your repeat customer base have never heard of. What prevents you from
creating a pop-up in your showroom featuring different products that are
customizable? Other possible pop-up ideas including re-imagining a
display area dedicated to "a return to nature", "in-home spa", wellness
center or "the high-tech bathroom".
When you match your customers to new ideas and brands, you are most
definitely making a distinction between your showroom and online
etailers whose most distinctive competency is the quickest route from
wanting to getting.
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