How to Optimize POP Merchandising Displays

Chapter Five

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How to Optimize POP Merchandising Displays

Chapter Five (2:08)

Steve Frenda:

The old retail adage of stack it high and let it fly has way outlived its usefulness. Execution and effectiveness with a shopper focus is key. Give me your comments on emerging capabilities in this important area.

Jill Andersen:

Having the data or the ability to measure ROI on merchandising has kind of been the holy grail of the industry and hard to get at.

Today, beyond the use of third parties and field agents, the ability to see real time, on a given day, a specific store, whether or not your merchandising has been executed is extremely valuable, both to the brands and the retailers we work with.

Brandon Barr:

I just think you can understand your displays better.

Instead of stacking high and sending them in and loading the retailer's inventory, we can be smart about what we put on the displays and making sure it's the right SKUs, the right mixes so that they sell through the store appropriately and the retailer is not sitting with a lot of inventory. You are not waiting for him to move through product so that you can ship more displays in the future.

You can get the size right, the mix right and the SKUs right. 

This is crucial for both the brand and the retailer so no one is sitting on excess product and being penalized for just making one big display and sending it to the store.

Jill Andersen:

There's a second component to that as well…engagement.

The opportunity to engage the shopper with your merchandising.

You can utilize technology, the ability to feed in real time either product education, specials, and promotions.

The ability to talk to that shopper, at the very moment that they're choosing a product, is key.

With technology today, we're able to do that.

Steve Frenda:

“Stacking high and let it fly” is about 50 years old, back when the retailers would promote items at a loss.  They would of course make it up with volume.

View Related Shelfbucks Videos:

Use Data for Your Entire Portfolio to Develop a Plan, George Garrick, How to Optimize POP Merchandising Displays

Erik McMillan  (1:21)  With Shelfbucks, It's Easy To Make Excellent  Merchandising Decisions

Shelfbucks gives you the exact right product SKU mix to win at retail, How to Optimize POP Merchandising Displays

CPG's & Retailers Unify Their Missions by Bill Martin, Shelfbucks Chairman of the Board

 

NRF 2017 Panel Speakers: 

Steve Frenda:  Managing Director, Path to Purchase

Brandon Barr:  Director of Retail Marketing and Insights for Duracell

Peter Bond:  Managing Partner of  Bond Unlimited,  

Jill Andersen:  Director of Marketing for Menasha Packaging Company

Frank Krug:  Director of Technology for TPN

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For more information contact Will Phillips at 512-442-6818 or wphillips@shelfbucks.com

 The Reader Mo