What Are Concept Stores
What Are Concept Stores
What Are Concept Stores
Serendipity, Delhi
It is an old haveli restored by Kuldeep Kaur, the mind behind the beautiful Rooftop café,
this is a concept store located in the lush green area of Mehrauli. The theme of the store is
‘travel and living’, and as it suggests the products in the store are sourced from various parts
of world. Kuldeep Kaur has a 20 years of experience in space design and travel, all the products
in store are inspired by the recollection of her memory from travel.
Room Therapy, spread over two floors, has products curated from across the country and the
world, which Sona has picked up from Indonesia, China, and Europe. There are bookends
from Indonesia sharing space with painted, wooden artwork from northern China. Sona has a
fascination with birds, that explains the birds flying out of the cage paintings on the wall of
each room. The furniture in the store is designed by Sona and crafted by local craftsman, little
mistakes that occur during the manufacturing process gives a unique look to each piece
crafted, says Sona. The store also hosts the art exhibitions and stage events on the second
floor, almost any day you can spot a celebrity in the store.
• Price
Price is a very important part of the market, if a product is not priced according to laws of
economics then it generally fails in the market. But, this concept of pricing doesn’t apply
to concept stores. The products which you will find in here are priced much higher than
the products you find in a general store. This is because the store doesn’t target the mass
market, these stores target specific strata of society which can afford these products and
services.
Since the products are custom made and each product is completely different from other,
they have almost no competition in the market. Moreover, sometimes the stores are set up
• Experiments
Many stores take up a theme and then experiment with the store offerings. some stores
like Jugmug Thela and Basati provide a range of products, and they even combine the
products according to the theme of the store. Jugmug Thela which is street style tea shop
also sells the herb and spices, bakery products, books, they even organize ‘chai pe
charcha’ which is a debate. Basanti is another example, the store is a boutique which is
inspired by the bohemian theme also sells coffee and snacks.
This concept of intermixing the product is really trending, people are liking this space
where they get to see a wide range of high-end products arranged with synchronization.
This kind of experiments help the store to gain popularity by creating a next level customer
experience which people have never seen before and they want to experience.
This type of arrangements inside stores also makes the customer spend more time inside
the store, he get involved into various activities. customer enjoys the experience and
prefers to come back again.
• Product display
Concept stores leverage new methods to exhibit products. Rather
than categorizing products in the store, concept stores tend to mix
the categories and put the object in action. Whereas traditional
stores have several exemplars of the same products and display
them vertically, concept stores limit the number of exemplars and
also use horizontal surfaces to display them.
Products displayed in synchronisation with other articles look more
interactive and doesn’t give the feel of a shop, moreover it looks like
the products are simply placed like they are kept at home. This give
a more natural aesthetic sense to the viewer. 9. product display of a
dining
• Promotion
Creative window display: Creative and appealing window displays are an art form and
can be an important way to advertise promotions for concept stores. Window displays can
be anything you want them to be. You can recreate an exotic location, make a political
statement, be humorous or anything in between. The options are limitless. What’s
important, however, is to make sure that your window display clearly conveys what your
business sells or the theme you are offering in your store.
Hold events: Giving customers a unique experience at your store can help bring more
people in the door and, ideally, boost sales. Holding a holiday party, a themed event or a
class can be a way to entertain and or educate clients about your products or services. If
the event is successful, you can count on more people coming to the next one, making this
Today the most annoying thing about shopping is, it requires a lot of time. The journey
of a customer with a brand starts when the customer buys a product from that brand,
and this journey continues till the time customer doesn’t separate himself from that
product. During this time if the customer faces problems because of poor service, poor
in-store treatment, or defective product then he may never return to buy another
product from that brand, but on the other hand if the product delivers what he
expected, the service provided by the brand is also good then the customer will return
to that brand again.
In today's competitive market the store/brand should focus on how to save customer’s
precious time, how deliver the customer a quality product with all the required services
which a customer is expecting. Also, the brand should focus on how to make the
shopping simpler for a customer. This is the need of the hour because the market is so
competitive that the customer will easily get a wonderful deal from any brand but what
he actually wants (easy understanding, high quality, on-door service, and hassle-free
claims) is delivered by very few sellers.
Today’s customer is seeking the never before in-store experience. When people enter
into a store the way they are welcome, the way they are treated by the salesperson, and
how polite was the staff with the customer, all this comes under the in-store experience.
All the stores in the world treat the customer well, but what extra a store can provide
to the customer is the real challenge. Otherwise, a buyer can easily buy any product
from e-commerce portals.
This can already be seen with the rise of concept stores which go far beyond traditional
retail, bringing in everything from food options to personal services. A good example
of this in action is Adidas “stadium retail concept” in its flagship store. The store
includes juices and snacks for sale, a personal fitness consult area, and a place to
customize shoes and clothing.
3. Hyper-personalisation
This term means that the store gets personalised according to the consumer. This is a
very complex and tough task that is right now only provided by very few retailers
around the world. We can understand the hyper-personalisation with the help of a
situational example.
Suppose you go to a electronic store to buy a 4g mobile phone with 12MP of camera
and 6 GB of ram, but it took you almost an hour to make the seller understand what
you want. At the end you bought the phone you wanted but it took a lot of time. All this
time could be saved if seller already knew what you wanted to buy on the first place,
this is hyper-personalisation.
Online stores provide applications in our smart phones, these applications record our
searches and send the data to those online portals. On the basis of collected
information we get notification about upcoming products, advertisements, and offers.
This process is difficult when we come to offline retailing because people search
internet much more than they visits a store, whenever we search internet our search is
recorded and information is sent to online portals.
Some offline retailers have tried setting-up a system through which the information
about the customer could be gathered and used for making the in-store experience
more personalised, more useful. They are proved successful in creating a personalised
in-store experience.
Summary
With the introduction of concept stores Indian market has opened its doors to a new
dimension of customer experience. So far these stores have been successful in delivering
unique services. The way a customer gets treated inside the store is totally different from
traditional market experience.
They target the multiple senses of the customer to attract him inside the store, organization of
events in the store is a part of engaging the customer into lifestyle activity. This also increases
the popularity of the store.
These stores provide high-quality products, which are customized according to the needs of
the consumer. This customization experience is delightful. They also pay attention to the
packaging of the product and provide the most suitable packaging according to the occasion.
The aftersales service provided by these stores are highly personalized, they provide the service
at your doorsteps. The customer can enjoy the hassle-free environment as servicemen can
come to there the place to replace the product.