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AFTER a
thorough observation of the Philippines’ retail-market
culture, the founder of a New York-based research and
consulting company suggested that retailers craft new
ideas from places where the money is “young,” such as in
Moscow, Dublin, Sao Paolo, Mexico City, Shanghai, Mumbai
and Dubai, instead of borrowing concepts from the West.
Speaking
about global trends in retail and consumer-shopping
behavior recently at the Makati Shangri-La Hotel, Paco
Underhill, founder and chief executive officer of
research and consulting company Envirosell, underscored
factors for the country which underpin his thesis that
it is “not timely to be West-[oriented].”
“The
Philippines has a very different labor market. Its
access to materials and creativity is radically
different,” he explained. “It has the advantage [of
being able] to access educated and motivated people at
low labor cost.”
Underhill explained why owning malls is not just about
real estate and collecting rents, while enumerating
examples of young markets to effectively entice people
to visit malls beyond the reasons of shopping.
For
instance: “A
South Africa
mall displays Audi cars in all colors to gain more
attraction.”
He also
advised mall-management representatives to invest on
training sales people and security guards because the
two have the most number of encounters among shoppers.
“Security guards in
Brazil
and in the United Arab Emirates [UAE] are not only
dressed in suits. They are empowered and know where to
offer specific shopping stores or restaurants,” cited
Underhill.
The
forum attendees were asked to watch a video clip taken
from a South Korean store where salespeople are
double-teaming customers starting from their entry.
Underhill exclaimed, “Definitely, they will blow
customers away! Customers need privacy in choosing.”
“Through
training, they [salespeople and security guards] can act
like the mall is theirs and control any situation. Train
these people and they will make the investment later,”
he added.
Furthermore, the shopping guru gave tips to redefine
mall operations at the shoppers’ safety and convenience.
“Malls
should not be too focused on design but operations.
There should be better management training of stores and
better information display people can use,” Underhill
said
“Malls
can be experimental, too, in driving traffic by exposing
revenue streams like signage, in-mall view or
integrating aesthetics like dental clinics and beauty
centers,” he added.
Meanwhile, after the success of Underhill’s two previous
books Call of the Mall and Why We Buy, his
third book, entitled The Worship of Goddess, will
be out soon.
In the
book, the author explains how the changing status of
women in society changes the state of how people live. |