What’s even more exciting is that the rising “mobile” generation represents a highly valuable, sought-after market segment. Thirty-four percent of mobile shoppers make $100,000 or more a year (Source: comScore/Millennial Media Mobile Retail Study, 2011). Most importantly, this up-and-coming market segment believes that mobile shopping makes the retail experience better.
HomePlus, a South Korean based grocery store chain, beat the competition by enhancing its customers’ mobile experience. HomePlus built a virtual store in subways, where subway passengers in transit from work and home could simply scan a QR code, pay and have their groceries delivered to them on the same day. Because HomePlus built a framework around the needs and wants of its customers needs, the results were astounding. HomePlus’s online sales grew 130%. 10,287 customers visited the virtual storefront via their Smartphone and of those 76% became registered users. As this example shows—whether it’s finding store locations, comparing prices, finding and using coupons or scanning bar codes– Smartphones are changing the name of the game in business strategy.
|Colin Shaw is founder & CEO of Beyond Philosophy, one of the world’s first organizations devoted to customer experience. Colin is an international author of four best-selling books. Beyond Philosophy provide consulting, specialised research & training from offices in Atlanta, Georgia and London, England.
Follow Colin Shaw on Twitter: @ColinShaw_CX