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Home»For Buyers»Retail News»Retailers Miss Sales Opps
Retail News

Retailers Miss Sales Opps

PublisherBy PublisherJanuary 1, 20112 Mins Read
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A recent study from NY based ICC/Decision Services shows that while retail associates are focusing on their customers, they’re not taking the extra steps needed to close or add to a sale. ICC/Decision Services, which designs and executes customer experience management programs, visited more than 50 retailers across the categories of apparel, department store, electronics, home improvement, toy, specialty and sporting goods, to measure their readiness for the recent holiday season. From October 26 through November 18, ICC/Decision Services conducted 1,621 nationwide store visits to assess sales helpfulness and employee service. In areas such as greeting and thanking customers, and cleanliness, for instance, the majority of retailers scored well, which indicates store associates are focusing on the customer experience.

Yet in other key areas, such as explaining promotions, suggesting additional items, and determining customer needs, many retailers were found to be underperforming. For example, suggestive selling occurred only 43.7 percent of the time, on average, across all store visits, the report found. “Associates may be handling customers graciously,” David Rich, president and CEO of ICC/Decision Services, said in a statement, “but they are not converting that relationship into sales.” Consequently, Rich added, “Retailers are still leaving millions on the table.”

The top performing retailer was Yankee Candle Co., which earned an overall score of 92.8 out of a possible 100, achieving a selling score of 87.8 and a service score of 97.8. The lowest performing segments of the marketplace included: sporting goods, department stores and toy departments. Among the major retailers visited were: Aeropostale, Ann Taylor, Best Buy, Build-A-Bear, Dick’s Sporting Goods, Game Stop, Gap, J. Crew, Kohl’s, Macy’s, Nordstrom, Office Depot, Sears, TJ Maxx, Target and Toys “R” Us. To see the complete benchmark study, go to www.iccds.com/benchmarks.

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