Tag Archives: National Retail Federation

No St Patty’s Day Luck Needed: Improve Sales with Kroger in 5 Steps!

According to a survey by the National Retail Federation, Americans plan to spend a record $5.9 billion to celebrate St. Patrick’s Day this year.  Did you know that this is the highest figure in the survey’s entire 14 year history and has risen from last year’s previous record of $5.3 billion? How much of that market share is your company capturing?

Kroger has implemented a series of initiatives, covered in our previous blog, that sets up suppliers to easily compete in this cut-throat market. This week, Kroger announced that it is expanding its partnership with Instacart to increase its customer delivery coverage area in 2018. Kroger customers can access this on the company’s website and app. Product content featured here offers customers a seamless shopping experience.

Enter 1WorldSync

So are your products listed? Is your product content up to par? All this can be overwhelming and it can also be difficult to know where to focus your resources and attention.

We are here to make it simple! All you have to do to be in line for Kroger’s initiatives, like the one above, is ensure your submissions are complete in the Kroger Item MDM before the end of March 2018 deadline.

Steps for Submitting to the Kroger Item MDM

  1. Complete the Kroger Trading Partner Form found at www.1worldsync.com/kroger
  2. Publish all your item hierarchies to the Kroger Co. GLN: 0011110000019 from the 1WorldSync Item Management (IM) solution if access is attainable.
  3. Log into VIP at https://productintro.1worldsync.com/ or via 1worldsync.com > Login > Product Introduction (Log into Prod)
  4. Complete and validate each of your items available in VIP and submit them to Kroger MDM
  5. Contact KrogerSupport@1worldsync.com or call 866.280.4013 Option 8 for any assistance needed or to request your list of missing items

Again, are you overwhelmed? Are you unsure or do you still have questions?

  • Are you confused about who your trading partner contact should be for the the trading partner form? Ask Kroger on March 22nd!
  • How do you know if you or if you should have access to 1WorldSync Item Management (IM)? And how do you get access to and use Kroger VIP? Let us show you!
  • Is there a faster way to fill out all the requested product content information? Hint: Yes, there is.

Kroger breaks down these steps and offers further insight in the Kroger Item MDM Supplier Webinars. If you have not yet submitted your product content to Kroger Item MDM and/or still have questions, we highly recommend you register today for the final webinar on Thursday, March 22, 2018 2:00 pm EST.

The same National Retail Federation survey found that over 149 million U.S. adults plan to celebrate the March 17 Irish holiday, up from last year’s approximate 139 million. That’s an additional 10 million U.S. adults who are looking to buy products from you or your competitor.

You don’t need the luck of the Irish, a four leaved clover, or a pot of gold at the rainbow’s end to measure up – just get in line with Kroger Initiatives!

NRA, NSA and NBA..I have heard of those, but what is NRF?

Do you ever feel like all you do is translate acronyms for a living? In this day and age we all need a playbook and glossary to understand industry terms, customer’s language and our own organizations lexicon. As we interact more with new industry acronyms, we tend to forget that not everyone can understand the distorted alphabet coming out of our mouth.

During my time at 1WorldSync, I have become fluent in GS1, Walmart, AutoZone and several others. Why do I label them like languages? Because they are. An organization that makes products is called a manufacturer right?

Well, in 1WorldSync, this organization would be a called a supplier, at Walmart they are known as a vendor and for GS1 they are known as a source. Why the different terms? It starts with understanding how 1WorldSync, GS1 and all the others view their world of customers/suppliers/contributors/partners/vendors. Each one has their own perspective on how this organization fits into their world.

NRF, the National Retail Federation, has been a popular acronym added to my repertoire lately.

Why is NRF the most recent addition to these industry languages and why should this interest you? NRF has a mission to “advance the interests of the retail industry through advocacy, communications and education.”

Sounds like a bold mission, and they have a massive membership that includes all aspects of retail consumption ranging from Department Stores to Grocers and chain restaurants, and we, 1WorldSync are a member too.

For anyone with children, you know that the back to school shopping rush seems to come earlier every year. The NRF has been conducting a Back-to-School survey since 2003, reporting on how consumers shop for the back to school season and how retailers need prepare as well adjust to industry trends. The NRF is a great “back-to-school headquarters” for every consumer and industry insider.

Love is in the Air for Trusted Product Content

Roses are red, violets are blue, we love trusted product content, and so should you! It’s that time of the year again to share the love, and this year, our love goes to connecting trusted product content everywhere!

Who Says Love Don’t Cost A Thing?

Whether you’re in the store, on your phone, or even in your home, product content is everywhere. With Valentine’s Day quickly approaching and flowers, sweets, and cards to distribute to that “special someone”, make sure your products bring convenience and accurate product content to your consumers.

In the 21st century, a consumer’s journey begins at the favorable option of a digital interface. In preparation for Valentine’s Day, people are relying on eCommerce sites to find all the items they need and how quickly they can get it.

Not only are they looking for accessibility, but more importantly they are expecting dependability. The National Retail Federation reports that U.S. consumer spending on gifts this year will drop approximately 8% from last year’s record-high of $19.7 billion (NRF, 2017).

How Retailers Show Consumers A Little Love

That being said, your products need to stand out in order to meet your sales expectations this year. Here are 3 ways to ensure that your site’s products outrank your competitors.

  • Offer bundle deals to maximize sales – According to Bing research, over 50 percent of Americans celebrate Valentine’s Day; though, the average money spent amongst most couples is $146 with expected declines to $136 this year (Goodwin, 2017). Bundle options that include flowers, cards, chocolate, and even those cute little bears will prove to be more successful in sales. When strategizing the types of offers on your sites, be sure to keep in mind these consumer standards.
  • Ensure your products show up as good as they look on screen – Chances are, people aren’t going to be spending too much time bouncing from site to site to get what they need. That doesn’t mean that your products should disappoint. For many online flower companies, Valentine’s Day is one of the highest revenue earning days of the year. However, year after year, people are frequently disappointed in the presentation they receive. What they thought was portrayed online, often shows up dead or wilted. Talk about killing the mood… To avoid consumer dissatisfaction and the risk of future consumer neglect, be sure to offer accurate representation and information about your products. After all, ratings and reviews mean everything! 88% of consumers trust online reviews as much as a personal recommendation (BrightLocal, 2014).
  • Invest in search engine optimization strategies – Of the 50% of Americans that celebrate Valentine’s Day, 28% of their shopping happens online (Goodwin, 2017). Some of the top searched keywords from 2016 accessed through mobile and desktop included jewelry, Valentine’s day, Etsy, and flowers. Optimize search campaigns that include some of these typical searched terms but also invest in others such as last-minute gifts or handmade presents for those searching for specific items to buy for their significant others.

Marrying Brand Loyalty with Trusted, Authentic Product Content

Whether or not your company is planning on utilizing Valentine’s Day to boost sales this year, adapting these 3 techniques are essential to consumer satisfaction and experience. Brands must ensure that they’re distributing trusted and accurate product content if they want brand loyalty.

Word to the wise, dependability on product content is not going anywhere anytime soon. In fact, suppliers, retailers, and even consumers are demanding more detailed and accurate content on eCommerce sites than ever before.

At 1WorldSync, we strive to offer brands our services to share authentic, trusted content with customers and consumers, empowering them to make the right choices, purchases, health and lifestyle decisions. Seize this unique opportunity, play cupid with your consumers and stay ahead of the curve!

Happy Valentine’s Day from 1WorldSync!

 

References

  1. “Valentine’s Day.” National Retail Federation. Web. 10 Feb. 2017.
  2. Goodwin, Danny. “14 Irresistible Valentine’s Day Search Stats From Bing.” Search Engine Journal. Search Engine Journal, 13 Jan. 2017. Web. 10 Feb. 2017.
  3. “Local Consumer Review Survey 2014.” BrightLocal. Web. 10 Feb. 2017.