We're Almost There.
Thanksgiving's in two days, and then the madness begins. Millions of emails, millions of ads, millions of sales, millions of people crowding your stores, your phones, your web sites.
What Should You Expect?
There are a few trends you should be ready for this week, and here's what to do about them:
1) The early start. A growing list of large retailers are going to be open for part or all of the day on Thanksgiving itself. I'm not sure I like this trend; it takes people away from their families and glorifies buying new stuff on a holiday that celebrates being thankful for what we already have.
That said, you can still send a message on Wednesday, wishing your customers a happy holiday and giving them a special online sale just for them for Wednesday and Thursday. Your web site can work for you while your employees are enjoying the holiday with friends and family.
2) Comparison shopping and showrooming. If you own retail locations, expect a lot of people in your stores to be looking at their phones while shopping, using price comparison apps like RedLaser and Amazon's Price Check to help them decide whether to buy with you or not.
The best defense is a good offense. Prepare by researching your pricing and justifying it. You can offer things that larger retailers can't - like personalized service and a more flexible return policy. You can also package items together to make comparison shopping a little trickier. Consider offering price matching on some items if you notice a lot of people showrooming certain products.
3) Layaway. Layaway made a comeback a few years ago, during the recession. It's still here and services like online layaway are driving the growth of this payment method. It's a little late to set up layaway now if you don't have it already, but you should be alert for customers who might want this service and determine what portion of your shoppers might use it. You might ask people who are leaving your store empty-handed or putting back items if layaway service would change their minds, or do a survey of your email customers.
What are you doing differently this holiday season? Please share in the comments.
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