Curbside Enthusiasm: Retailers Adapt in a Time Of Crisis

Curbside Enthusiasm: Retailers Adapt in a Time Of Crisis

Confronted with the escalating coronavirus crisis—and the shockingly dramatic sales declines many brands are experiencing—companies need to re-think their ways of doing business. In some cases, these new efforts are in direct response to the specific challenges posed by the global pandemic. As just one less radical example, some stores are shortening their hours to give their operations teams time to sanitize and restock shelves while at the same time creating special shopping windows for their most at-risk customers.

While many retail and restaurant chains have been offering curbside pick-up as a customer convenience for years, and others have been testing and scaling it more recently, social distancing and growing operating restrictions are forcing retailers to get more creative. While “shelter in place” orders are making take-out and delivery-only the new normal for most restaurants, Best Buy just shifted to a curbside-pickup-only model. While interest in many of the consumer electronics giant’s products is sagging, the chain is seeing surging demand for items that help people work from home. Keeping its store closed for normal operations while offering this new service—along with online shopping and virtual customer service—allows the company to keep some revenue coming in while conforming to the near-term market reality.

Consumers’ enthusiasm for ever more convenient digitally enabled, store-executed options has been obvious for some time, helping explain the rapid adoption of harmonized retail features such as buy-online-pickup-in-store (BOPIS). The brands that were early to embrace the blur between e-commerce and brick and mortar broke down organizational silos and deployed new programs that responded to shifting consumer desires, giving them a competitive edge over those legacy retailer that mostly sat around and watched. And many of the fastest-growing newer digitally native brands like Warby Parker and UNTUCKit never created these artificial boundaries in the first place, recognizing from the outset that the customer is the channel.

It remains to be seen whether most retailers will maintain their enthusiasm for curbside pickup and other innovations spurred by the current crisis. Clearly some deployments will be largely idiosyncratic. But I suspect many will persist once some semblance of normalcy is restored, as they either will have pushed retailers to do what they should have already implemented or will have exposed latent consumer demand.

It’s been said that necessity is the mother of invention. Perhaps desperation is its father?

A version of this story appeared at Forbes, where I am a retail contributor. You can check out more of my posts and follow me here

My new book–Remarkable Retail: How to Win & Keep Customers in the Age of Digital Disruption” will be released on April 14th. You can pre-order it here.

Joseph Malfitano

Senior Managing Director & Global Head Transaction Counsel | Asset Monetization Expert | Seasoned Turnaround and Restructuring Executive | Gordon Brothers

4 年

Curbside plus will win customers. There will not be a normal for some time. https://www.dhirubhai.net/pulse/re-thinking-retail-after-re-opening-joseph-malfitano

回复
Amber Naqvi

CEO with a passion for growth and innovation. Best known for leading global expansion in IT consulting, With a focus on the Solar Industry, our SaaS solution and Service offerings slashes soft costs for solar energy

4 年
回复

要查看或添加评论,请登录

Steve Dennis的更多文章

  • Our Bold New Plan to Suck Less

    Our Bold New Plan to Suck Less

    “If you do not change direction, you might end up where you are heading.” - Lao Tzu It's a crisp fall day in 2002, and…

    14 条评论
  • We're on a Road to Nowhere

    We're on a Road to Nowhere

    The reasons that iconic, once-vibrant brands fail are varied and in some cases complex. But an argument could be made…

  • Slow, Afraid, and Clinging to the Past

    Slow, Afraid, and Clinging to the Past

    Have you ever seen a timid trapeze artist? Seth Godin reminds us why you haven’t: “Of course not. There aren’t any;…

  • Despite What You've Heard, Physical Retail Is Not Back.

    Despite What You've Heard, Physical Retail Is Not Back.

    If you’ve been following the news you’ve likely noticed a lot of headlines that proclaim the return of brick-and-mortar…

  • Innovating to Parity

    Innovating to Parity

    One reason meaningful transformation can be so hard is that up to a certain point, change isn’t transformation—it’s…

  • Retail's Timid Transformation Trap

    Retail's Timid Transformation Trap

    As I’ve been saying for awhile now: Shift happens. It’s just happening faster and faster all the time.

    1 条评论
  • A Confederacy of Meh

    A Confederacy of Meh

    As we entered this century it became ever more clear that we were moving from a world of relative scarcity to one of…

  • $20billsfor$15 Files For IPO

    $20billsfor$15 Files For IPO

    On Friday $20billsfor$15 announced it is preparing to go public, taking advantage of a renewed interest in initial…

    5 条评论
  • My 2024 Retail Predictions: A Baker's Dozen.

    My 2024 Retail Predictions: A Baker's Dozen.

    In 2018 I started sharing my annual retail predictions. Looking back, let’s just say mistakes were made.

    2 条评论
  • Retail's Escalating Commitment to a Failing Course of Action

    Retail's Escalating Commitment to a Failing Course of Action

    Anyone who follows the machinations of the retail industry will know that many struggling retailers continue to put…

    11 条评论

社区洞察

其他会员也浏览了