With the retail
business booming in every part of the world, visual merchandising has assumed an
exceptional importance. Many retail giants in developed countries like USA, UK,
Australia, New Zealand etc have started considering this approach. A good and
unique visual merchandising display strategy can turn the tables with increase
in sales and staff productivity. However, getting the right strategy can be a
herculean task for most of the merchandising companies New Zealand. The
continuous development of new products, lack of display space allocation and
the persistent change in customer preference, all this add to the challenging
environment for merchandisers and food brokers New Zealand.
Challenges that
visual merchandisers are facing
One of the greatest challenges
that visual merchandisers are facing is the dynamic characteristics of their
target market. Due to changing behavior of consumers it is becoming tough for
them to maintain consistency. Below are some of the few challenges that are
faced by visual merchandisers:
·
1. Too many new types of merchandise: For food
brokers New Zealand this could create a problem to reach out to retail
segment as new products are being introduced every single day. This is also a
nightmare for visual merchandisers who have the sole responsibility for finding
display space of the new products on the floor of the store.
·
2. Limited space for display: Whether big or
small, merchandising companies New Zealand have to deal with the
outpouring new products and SKUs (stock-keeping units). With the huge range of
items in hand like cosmetics, foodstuffs, soaps, skincare and detergents, it is
quite difficult to manage with limited shelf space provided.
·
3. Prevention of loss and theft: Theft is
quite common in supermarkets and departmental stores and can even occur in
broad daylight. Even those who have installed security cameras and tracking devices
can still fall victim to theft. Therefore, merchandising companies have to
ensure that their display should also consider the security of the products.
·
4. Conflicting interests: Sometimes there is
lack of co-ordination and co-operation which is a result of conflicting
interest between the top management, merchandisers and staffs. This occurs due
to majority of the decision as to where products are to be displayed is
predetermined by the top-level management and the supplier themselves, not by
the merchandiser.
How to resolve these issues?
When it comes to foodstuffs and
related products, the merchandisers and food brokers New Zealand should
effectively address the challenge of constant new product flow in the emerging
markets. They should make a study of the target market well in advance to
determine the product preference of the consumers. If products are grouped
according to model, size and make, it can enable their easy displaying. The merchandisingcompanies New Zealand should ensure that high value products are given
preference in the displaying process. It’s a good idea to make an illusion of
display with fewer products that appear to be a lot. By following the above mentioned
tips, it would really help sales increment and productivity.
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