In today’s competitive market,
emergence of retail environment technology
is stirring the advertisers mind.
He is spending lots of money on advertising
and marketing through numerous media formats,
creating rich messages that reach consumers
where they make the bulk of their buying
decisions, that is, in the stores. Companies
and retailers are becoming more sophisticated
at using in-store advertising, whether
to highlight a price promotion and a special
sweepstakes or simply to educate consumers
about a product.
In stores advertising influences the purchase
decisions of a customer to the extent
where he may switch his brand of a particular
product. The customer is forced to rethink
about the product they want to purchase
after looking at the samples, posters,
digital advertising etc. of other brands.
Retail advertising is a unique form of
advertising because they provide an immediate
impact
on sales. There is no time lag
between the customers purchase and the
ad
exposure
and therefore their contribution
can easily uplift the sales. And hence
is a great potent impulse driver.
These ads include messages and images
that can be customized helping the advertiser
to connect with consumer’s need
and persuade him to purchase your product.
Point of Purchase
units in a consumer
products industry are at places like shelves,
aisles, floor etc. They hit the specific
target at specific place and at specific
time.
The vast majority of consumers (70%) do
not make their brand decisions until they
purchase.
In store advertising can broadly
be categorized in four segments:
Retail chains such as shoppers stop, Big
Bazaar, Pantaloons etc.
Shopping malls such as Metropollitain
Mall, Ansal Plaza etc.
Departmental stores such as Spencer’s,
Sabka Bazaar, Subhiksha etc.
Medical stores such as Guardian Pharmacy,
Life Spring etc.
Opportunities in a In-Store Retail: