Did the economical downturn affected the European retailers?
Yes, the recession affected the retailers. They brought down the brand marketing budget and truly invested more into below the line retailing. Courageous companies like Adidas, Nike and Hugo Boss cannot stop to believe their customers and they brought in the courage in customers to buy again. They dared to show them that don’t be afraid of economical crises, we will go ahead to support you, entertain you to buy and we believe in you. Undoubtedly those were the toughest years for us as retailers tried to shrink their budget as much as possible but they didn’t cut it out.
During slowdown what was your strategy to give more value for money to the customer?
In India where VM services don’t exist, it is important to give more value for the money because they are not used to the VM services. And I personally being in this field from last 14 years can give them the added value only when I along with my team launch a new window display or a new store and the customers will see it later that how it looks. A customer has to have a lot of patience as we take almost 2 to 3 months to explain the value of the money a retailer has spent. It’s much of an implementation work whose edit value can only be realised after the customer’s response.
Can you throw some light on LIGANOVA’s VM fixtures?
LIGANOVA is an innovative, step forward and retail driven company. At the time of economical crisis we came up with a visionary concept which was retail driven and flexible. The need is to focus on the entertainment and shopping atmosphere behaviour than rather focusing on fixture as a retail architecture having massive or huge architectural concept. I as a VM want to have high quality fixtures but I really do not care if it is quality marble or it is just a normal material which I can use for my merchandise, of course it makes an obstruction between Louis Vuitton and Gucci, Adidas or Nike. But we believe that the spending of the money, of the overall marketing budget should be properly balanced between fixture spending and the actual monthly Visual Merchandising activity. The store fixtures should be always very flexible and movable even after a year. That is why one must have a strong VM concept to allocate the merchandise.
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