Inside the Mind of the Shopper: The Science of Retailing

Inside the Mind of the Shopper: The Science of Retailing

by Herb Sorensen Ph.D.
     
 

How Today’s Shoppers Really Think, Behave, and Buy:

Breakthrough Insights for Creating High-Profit Retail Experiences!

Inside the Mind of the Shopper is the preeminent handbook for any marketer or retailer seeking to understand why people do what they do when they shop. Armed with the knowledge in this book, marketers and

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Overview

How Today’s Shoppers Really Think, Behave, and Buy:

Breakthrough Insights for Creating High-Profit Retail Experiences!

Inside the Mind of the Shopper is the preeminent handbook for any marketer or retailer seeking to understand why people do what they do when they shop. Armed with the knowledge in this book, marketers and retailers can work together to predict how shoppers will respond (or not!) to package and label design, selling messages, shelf plans, and the entire retail space.”

—Matt Ohligschlager, Senior Manager, Consumer and Market Knowledge, Procter & Gamble

“From his 40 years of observing shoppers, Herb Sorensen has given us the gift of understanding shoppers. Now, we clearly see that the store layouts merchants want are not what shoppers want. On the ground, managers THINK they know their shoppers, but anyone who follows Herb’s handbook on shopper insights will know them a lot better.”

—Joel Rubinson, Chief Research Officer, The Advertising Research Foundation

Today, improving the effectiveness of the retail experience is no longer an option: It’s a matter of survival—and nobody knows more about doing that than Herb Sorensen. That’s because Sorensen understands your customer’s in-store behavior better than anyone else on earth.

Now, drawing on microscopic analysis of millions of shopping trips, Sorensen reveals exactly what your customers are thinking, why they behave as they do, and how to reshape stores to deliver truly remarkable results.

You’ll discover how to drive more profit from the “quick trip”...the three “moments of truth” in every shopping event...customer “migration patterns” within the store...and how to use “active retailing” to place products precisely where they’ll do best.

Author's Notes and Acknowledgments xv

About the Author xxi

Preface: Rethinking Retail 1

Introduction: Twenty Million Opportunities to Buy 5

Part I: Active Retailing 23

Chapter 1: The Quick Trip: Eighty Percent of Shopper Time Is Wasted 25

Chapter 2: Three Moments of Truth and Three Currencies 47

Chapter 3: In-Store Migration Patterns: Where Shoppers Go and What They Do 69

Chapter 4: Active Retailing: Putting Products into the Path of Shoppers 97

Chapter 5: Brands, Retailers, and Shoppers: Why the Long Tail Is Wagging the Dog 113

Part II: Going Deeper into the Shopper's Mind 131

Chapter 6: The Quick-Trip Paradox: An Interview with Unilever’s Mike Twitty 133

Chapter 7: Integrating Online and Offline Retailing: An Interview with Professors Peter Fader (The Wharton School) and Wendy Moe (University of Maryland) 147

Chapter 8: Multicultural Retailing: An Interview with Emil Morales, Executive Vice President of TNS Multicultural 161

Chapter 9: Insights into Action: A Retailer Responds: An Interview with Mark Heckman of Marsh Supermarkets 179

Part III: Conclusions 189

Chapter 10: The Internet Goes Shopping 191

Chapter 11: Game-Changing Retail: A Manifesto 199

Part IV: Appendix 205

Appendix: Views on the World of Shoppers, Retailers, and Brands 207

Index 213

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Product Details

ISBN-13:
9780137126859
Publisher:
FT Press
Publication date:
05/26/2009
Pages:
256
Sales rank:
1,157,553
Product dimensions:
6.10(w) x 9.10(h) x 0.90(d)

Table of Contents

Author's Notes and Acknowledgments xv

About the Author xxi

Preface: Rethinking Retail 1

Introduction: Twenty Million Opportunities to Buy 5

Part I: Active Retailing 23

Chapter 1: The Quick Trip: Eighty Percent of Shopper Time Is Wasted 25

Chapter 2: Three Moments of Truth and Three Currencies 47

Chapter 3: In-Store Migration Patterns: Where Shoppers Go and What They Do 69

Chapter 4: Active Retailing: Putting Products into the Path of Shoppers 97

Chapter 5: Brands, Retailers, and Shoppers: Why the Long Tail Is Wagging the Dog 113

Part II: Going Deeper into the Shopper's Mind 131

Chapter 6: The Quick-Trip Paradox: An Interview with Unilever’s Mike Twitty 133

Chapter 7: Integrating Online and Offline Retailing: An Interview with Professors Peter Fader (The Wharton School) and Wendy Moe (University of Maryland) 147

Chapter 8: Multicultural Retailing: An Interview with Emil Morales, Executive Vice President of TNS Multicultural 161

Chapter 9: Insights into Action: A Retailer Responds: An Interview with Mark Heckman of Marsh Supermarkets 179

Part III: Conclusions 189

Chapter 10: The Internet Goes Shopping 191

Chapter 11: Game-Changing Retail: A Manifesto 199

Part IV: Appendix 205

Appendix: Views on the World of Shoppers, Retailers, and Brands 207

Index 213

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