Retailers must evolve amid changing customer expectations—experts

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With the incessant influx of innovations and changing customer expectations, retailers must continuously learn and relearn the dynamics of the industry to thrive in their businesses, according to two global retail market experts.

Customer Experience (CX) Advisor and Trainer Claire Bosq-Scott said that compared from two years ago, the customers’ expectations have changed and are changing every day.

“A smile and a welcome are simply not enough to be considered ‘good customer service’ in today’s competitive market,” she continued.

“Expectations are changing – customers expect to do anything they want, from anywhere and at any time. To give good customer care, you must deliver what you promise. But exceptional customer care involves getting to know your customers.”

Tofu Gear Retail Analyst Tifanny Lung on the other hand reiterated the importance of offering convenience to their customers over gimmicky technologies.

“Retailers are constantly seeking to stay relevant with their consumers and industry trends. To do so, many retailers are pressured to incorporate technology of any means as a quick easy fix to their “digital transformation strategy,” she said.

Rosemarie Bosch Ong, president of the Philippine Retailers Association (PRA) and a longtime player in the retail industry, agrees that ensuring customer satisfaction and convenience is more than just technological gimmicks.

“At the end of the day, customers will assess their retail experience on many fronts, from the staff to the products and services, and then compare them to your competitors. This will determine if they will be coming back or not. This is why it is important to be always on your toes, constantly do your market intelligence and then innovate accordingly,” Rose, also the senior executive vice president and chief operations officer of Wilcon Depot Inc., shared.

Bosq-Scott and Lung will speak at the 26thNational Retail Conference and Stores Asia Expo (NRCE)—biggest and most important retail event in the country, where the top retailers converge—on August 15-16, 2019 at the SMX Convention Center- Manila to give more insights and tips on how retailers can evolve with the time and address the needs and expectations of their customers.

Bosq-Scott will speak about designing experiences to optimize customer’s emotional system and help businesses differentiate themselves, while Lung will showcase best-in-class examples and highlight what it takes to be a truly innovative retail leader.

“As a millennial, I will provide you with a fresh take on the retail scene and how your business can deliver the customer experience that consumers across Asia crave,” Lung assured NRCE attendees.

The annual NRCE is the biggest and the longest-running retail event organized by the Philippine Retailers Association (PRA), the recognized trade association of retailers and retail suppliers in the country.

The two-day conference and expo, featuring retail experts from both global and local scenes and retail solutions and suppliers at the exhibit area is anchored on this year’s theme “Retail Reimagined” to help retailers and the industry as a whole seek strategies on how to make retailing relevant amidst disruptions and changes in the digital age.

The Stores Asia Expo, the twin activity of the NRCE will feature solutions and state-of-the-art technology including Retail Solutions, E-Commerce & M-Commerce, Shop Fittings & Store Design, Digital Marketing, Commercial and Real Estate Developers, Web Developers, Non-traditional Advertising, Financial Services, Storage and Distribution, HR Solutions, and Billboard Locations among others, to help retailers enhance and expand their business operations.

Platinum sponsors for this year’s NRCE include PLDT Enterprise, Globe Business, Wilcon Depot, SM Retail Inc. and BENCH.

Other sponsors and partners include Robinsons Malls, Unilab, and Penshoppe (Gold); Ayala Malls, CMG Retail, Inc (Bronze); The Philippine Star (Official Newspaper); Business World (Official Media Partner); Springtime Design Limited (Official Brand Consultants); iManila (Official Social Media Partner); Rich Graphix Brand, Heritage Multi-Office Products, Chatbot Ph (Expo Sponsors); WGSN Limited, Blogapalooza Inc. (Session Sponsors); The Manila Times, Innity Philippines, Crossover (Media Partners).

To learn more about the 26th NRCE, please contact the PRA Executive Secretariat at 687-4180, 687-4181, 6874985, or email: marketing@philretailers.com (Conference), specialprojects@philretailers.com (Expo), or info@philretailers.com (Sponsorship).

 

Learn more at www.nrce-ph.com.