Jun 18 2025
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Why Forcing Loyalty Could Be a Terrible Long-Term Strategy

Nearly everyone in the UK is signed up to at least one loyalty scheme, according to the Competition and Markets Authority (CMA). But the shift from a points-based reward system to a membership that offers reduced pricing at the point of purchase strong-arms consumers into signing up, irrespective of want or need.

Following high inflation over the past two years that has seen prices rocket, many consumers are trying to cut their costs. The sizeable discounts on offer for those signed up to loyalty schemes are a welcome gesture for many consumers, but some may feel they do not have a choice.

Others may feel the exchange of data for discounts is justified, but this new approach is shifting loyalty from earned to transaction.

Mind the values gap

It could be argued that when brands offered rewards, they gained trust, goodwill and loyalty from consumers. But this transactional approach makes it almost impossible for brands to build authentic, two-way relationships that would perhaps keep consumers coming back regardless of the rewards or discounts on offer.

Granted, in crowded categories, rewards can create churn amongst consumers who decide to switch brands because products are on offer, and in the process they try something new that they prefer.

Strong relationships are typically built through high quality customer interactions and experiences, but given the current economy, where many consumers are trying to cut costs, brands are more often focusing on the quick wins by offering discounts.

Short-term approaches may deliver results, but long-term, focusing on customer experience (CX) will win out — and result in lower acquisition costs and a loyal customer base that won’t be lured by offers from competitors.

Not only does ‘forced loyalty’ impact a brand’s long term relationships with customers, it has the potential to create a divide between brand and consumer values. More than two in five (43%) shoppers consider it unfair that loyalty scheme members pay lower prices for some products, and while it does not put them off signing up, it does suggest dissatisfaction and frustration with the shopper experience, creating apathy towards retailers.

The risk of digital exclusion

This unfairness between customers is even more pronounced when it comes to vulnerable consumers. In the same way that older consumers and those with learning difficulties prefer to make payments via physical means — either cash or card — they also find it much easier and less confusing to use a loyalty card, rather than an app.

Yet, almost all retailers are opting to move to app-only loyalty schemes.

While operating a digital-only loyalty scheme is acceptable to many consumers, especially when AI and machine learning offer greater personalisation, it can result in digital exclusion of others.

Only two-thirds (67%) of consumers over 65 have access to a smartphone, which means a third of pensioners are unable to access the best deals from retailers despite being some of the most financially vulnerable consumers.

Even for brands whose audiences skew younger, there is still a risk of excluding those with learning disabilities – and while there is a drive to appear inclusive, the focus on app-delivered loyalty schemes brings the authenticity of those initiatives into question. Brands must consider who their app is for, and whether it delivers true value for all consumers.

The latest developments are even more concerning. Some brands are trialling systems by which consumers cannot even enter a store without having an app downloaded, which means that those who do not have a smartphone will be excluded from the store itself, as well as the best discounts.

Forcing loyalty may be counterintuitive

While companies are securing customer data by all but forcing consumers to sign up to their loyalty schemes, the loss of the reward experience is only increasing brand switching. If a competitor starts undercutting on price, many consumers will switch without a second thought. Why? Because they have been given no other reason to stay and irrespective of loyalty it’s the price that will always win through for them.

Customer experience should be at the heart of brands’ loyalty strategy. Consumers’ value choice, and yet the focus on transactional loyalty restricts their options. Instead, brands should focus on giving consumers’ a wider choice of how they interact with the brand, ensuring that those from vulnerable groups are not excluded — and then give them reasons to keep coming back, whether that is through exceptional customer service, rewards or shared values.

To read the published article by Dan Todaro, Gekko Group CEO, please visit CXM

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May 28 2025
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The Retro Revolution

Like fashion, interior design cycles through eras and defines consumer trends that filter through to consumer electronics and more so MDA categories and right now, the dial is firmly tuned to ‘Retro Revival’. This isn’t just about dusting off relics; it’s a vibrant movement injecting an individual’s personality into our homes by cleverly marrying the distinct aesthetics of decades past with the smarts of today’s technology. After years where clinical minimalism often reigned, there’s a clear craving for spaces that tell a story, feel warm, and express individuality.

Increasingly, consumers are seeking out items – for their living rooms,kitchens, and even their family rooms or dens – that offer both stylish throwback appeal combined with totally modern performance. Finding these unique pieces is easier too, thanks to the booming move for used furniture in the UK. This market is predicted to reach £1.1 billion by 2027 after huge 40.8 per cent growth (2022-2027, GlobalData). Buying secondhand also helps people find unique items at affordable prices and is good for the planet. It shows people want unique styles – Pinterest saw searches for “Vintage maximalism” jump by 260 per cent this year.

This love for character is showing up in kitchens too. Instead of just white or grey, cabinets that have dominated interior design for the past decade, they are becoming colourful and random. Recent Houzz UK figures show greens (used by 21 per cent for lower units) and blues (16 per cent) are popular choices, often matched with wood finishes (seen in 14-18 per cent of worktops or cabinets). Eye-catching appliances are key: like fridges in bright colours are popular centrepieces and give the kitchen a focal point that becomes a conversation piece, often alongside matching small gadgets like retro-style toasters and kettles. Retro on the outside but pack all the latest tech inside.

The trend is to move away from white, off white and great and move towards a more colourful pallet based on today’s colour pallet making them still on trend – Pinterest reported searches for “Cherry vibe” were up an amazing 325 per cent. Without doubt the most well-known brand for retro appliances is SMEG, with their range of refrigerators plus an array of other retro-style appliances and SDA ranges including kettles, toasters, and coffee machines. 

Vintage is in

There are other brands offering the same and arguably at a more appealing budget suitable to all pockets like Swan who offers a comprehensive “Retro Range” with kettles, toasters, microwaves, slow cookers, and so many more, often in a variety of colours and at a more accessible price point.

It’s not just how our homes look – it’s the sound as well. Vinyl records have been making a huge comeback for a while. UK sales hit 6.1 million LPs in 2023 – an 11.8 per cent increase and the highest since 1990 (BPI/ WhatHiFi). People enjoy holding the record, the process of playing it, and the warm sound quality vinyl is known for. At the same time, the classic radio is getting a stylish, modern makeover. Brands like Roberts Radio and Pure do this well, creating radios like the ‘Revival Icon’ that have that great vintage look but include modern features like digital radio (DAB+), streaming, and smart connectivity.

As with every decade, styles and tastes evolve to match the zeitgeist and it seems that ‘Retro Revival’ is clearly more than just a short-term fad. The move to creating unique and personal looks as an extension of a person’s personality is especially important in today’s fast-paced world where social media is crowded with copy cats. It’s not about copying the past exactly, but about carefully curating styles with today’s features we all need and want in our homes.

As designers keep coming up with new ideas and user cases create needs that have not yet been imagined or invented, expect to see even more interesting ways that merge past styles and future tech, it seems that taking inspiration from the past is helping us create better spaces for the future.

To read the published article by Dan Todaro, Gekko Group CEO, please visit ERT

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May 14 2025
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The trends shaping outdoor dining

Warmer weather is on the way so consumers will be dining al fresco and looking for portable power and music on the move. The global market for these outdoor spaces and kitchens has already reached £19 billion globally, and customers in the UK spend an average of £10,000 on these sociable spaces. Outfitting these projects involves products from kitchen appliances through to TVs and tech, with the added bonus being that these upgrades can add between 5% to 15% to a home’s value – here we look at the latest trends.

The trends that are shaping these spaces vary but in 2025 we are seeing the following trends and products growing in the outdoor living category:

Outdoor TV’s

In 2023, the global outdoor TV market was valued at approximately £320.5 million and is projected to grow (CAGR) of 9.2% from 2024 to 2030, potentially reaching around £584.9 million by 2030. That means we are keen to explore watching our favourite sports and films in the great outdoors and the technology has advanced so much that it means reflections and sunlight are no longer an issue with some of the products available on the market, check out Sylvox for example.

With the UK’s overall television market valued at £4 billion in 2024 and is anticipated to grow to £6.5 billion by 2030, reflecting a CAGR of 8.24% during the forecast period, the outdoor category may only contribute less than 5% to the overall category but brands like Sylvox are growing this segment with products like the Sylvox Patio Series of  TVs which comes in a variety of screen sizes and are newly available in the UK through Euronics.

Pizza Ovens

The rise in “fakeaways,” where consumers opt for high-quality ready meals over traditional takeaways, has influenced the home pizza market, probably the easiest and most cost-effective to emulate. This trend has led to increased demand for upscale or “posh” pizzas, prompting supermarkets to offer pizzas with sophisticated ingredients and authentic Italian regional flavours to capture the growth in this fakeaway market.

One such pizza oven is Ooni, a prominent UK-based pizza oven manufacturer, which unsurprisingly experienced rapid growth during the COVID-19 pandemic, with sales surging from £57 million in 2020 to £208 million in 2021. However, in 2023, turnover declined to £157.6 million, leading the company to implement strategies aimed at returning to profitability. These include marketing to develop the category further in their favour and the opportunity for independent retail to capitalise on word of mouth.

Smart Lighting

Outdoor lighting not only creates an atmospheric mood but changes your space at the flick of a switch and in a very cost-effective manner. Globally, the outdoor lighting market is expected to grow from £11.1 billion in 2024 to £11.9 billion in 2025, at a CAGR of 7.4%. This growth is attributed to innovations in smart lighting, aesthetic and architectural trends, rising demand for safety and security, and a shift towards energy-efficient solutions. It’s also a way to make your outdoor space your own nightclub, restaurant or party house on the street without ever leaving.

Advancements in LED technology and a growing emphasis on energy efficiency mean that the outdoor smart lighting market in the United Kingdom is poised for significant growth. Smart lighting has also received the AI treatment too with Philips Hue AI-Powered Lighting Assistant

Philips Hue introduces an AI-powered assistant that enables users to create personalised outdoor lighting scenes using text or voice commands, enhancing ambience and convenience.

Robot Mowers

The ability to kick back and enjoy your space whilst technology does the heavy lifting for you is great and the Segway Navimow X3 which was unveiled at CES 2025, this advanced robot mower is suitable for large areas up to 2.5 acres. It integrates with smart home systems and offers AI capabilities for efficient and precise lawn care.

There are numerous robot mowers out there, this is just one of the latest ones to come out featuring AI. When you’re trying to have the nicest-looking outdoor trim lawn and don’t have the time to mow, this is the perfect solution for keeping on top of your growing bush.

Outdoor Kitchens

The outdoor kitchen market in the United Kingdom has been experiencing significant growth, reflecting a broader trend towards enhancing outdoor living spaces. So much so that in 2021, the UK outdoor kitchen market generated approximately £737 million in revenue. Projections indicate that this figure will reach £1.6 billion by 2030, corresponding to a (CAGR) of 9% from 2022 to 2030 that means taking it outside is proving even more popular when cooking for family and friends moving to that summer kitchen on warmer days.

Like TV’s the Outdoor Projector market in the UK is experiencing notable growth, reflecting global trends in the projector industry due to innovations allowing for crystal clear images even outdoors without shade. Some notable products in this pretty much-established category are:

Anker Nebula Mars 3
Renowned for its durability and portability, the Nebula Mars 3 offers 1080p native resolution and robust built-in audio. Its rugged design makes it suitable for various outdoor environments.

Samsung The Freestyle Gen 2
This compact and versatile projector delivers high-quality visuals and is designed for easy setup, making it ideal for outdoor movie nights.

What could be better on a beautiful sunny day but to kick back, throw those shoes off, pour a drink and watch a film whilst the mowing takes care of itself and the pizza is cooking gently on the table next to your sofa, the mood lighting changing via your smart lighting solutions… It’s a British garden but not as you may know it…

To read the published article by Dan Todaro, Gekko Group CEO, please visit ERT

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Mar 26 2025
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How retailers can thrive by connecting with their communities

The UK retail landscape is undergoing a rapid transformation; while e-commerce continues its growth, physical stores still hold a significant appeal. However, simply having a presence on the high street is no longer enough. Large retail chains often demonstrate a disconnect from the needs and wants of local communities, frequently using financial difficulties as justification for store closures, and neglecting the potential for community engagement to drive growth and brand loyalty.

This echoes a broader trend where many retailers have lost the innovative spirit that once defined the industry, failing to understand why customers are choosing to shop elsewhere. Offering a dull, unengaging experience simply won’t cut it in today’s market, where consumers crave experiential retail to capture their imaginations. A recent Shopify study found that 35 per cent of shoppers prefer this type of experience, yet many retailers fail to even engage with basic strategies like embracing seasonality.

Local marketing in a digital age

So, how can local independent retailers succeed where large corporations have failed? Local businesses have the opportunity to connect with their communities in a unique and resonant way; this is crucial because consumers are actively seeking local connections. Data highlights the importance of online visibility and strong customer reviews:

  • Around 80 per cent of consumers search for local businesses on Google
  • 76 per cent of “near me” searchers visit a store within a day
  • 88 per cent of smartphone users searching for local businesses visit one within a week (Backlinko)
  • 96 per cent of small businesses use social media for marketing and 78 per cent depending on it for revenue (Cropink, Synup)
  • 78 per cent of shoppers research products on social media before purchasing (Synup)
  • 98 per cent of consumers read reviews about a product before purchasing (Forbes).

These statistics underscore the vital role of a strong online presence, positive reviews, and active social media engagement. Comments and likes can drive online traffic and influence purchasing choices.

Today, local marketing matters more than ever. And several factors contribute to its increasing importance:

  • “Near me”: The rise of location-based searches indicates high purchase intent, making local SEO optimisation crucial
  • Personalisation: Local marketing allows retailers to tailor their offerings to the specific needs of their community
  • Connections: Becoming an active part of the community through sponsorships and partnerships enhances brand reputation
  • Competition: Local retailers can differentiate themselves by offering a personal touch and community connection that online giants struggle to replicate
  • “Shop local”: Consumers are increasingly aware of the importance of supporting local businesses, creating an opportunity for retailers who actively engage with this sentiment.

Implementing effective strategies

There isn’t a one-size-fits-all approach; retailers need to develop marketing strategies that align with their specific business goals and target audience.

So a tailored approach is essential, but here are some key tactics:

  • Optimise your Google My Business profile: Ensure accuracy and completeness, encourage reviews, and respond promptly
  • Local SEO optimisation: Use location-based keywords in website content and build local citations
  • Run targeted social media campaigns to reach local customers
  • Engage with local influencers: Partner with local figures to expand reach and build credibility
  • Community involvement: Participate in local events and support local causes
  • Offer in-store exclusives: Drive foot traffic with exclusive deals
  • Share news and community initiatives with local publications.

In an increasingly digital world, local marketing provides a critical link between retailers and their communities. By embracing these strategies, UK retailers can not only survive – but thrive. Local marketing is not a fleeting trend; it represents a fundamental shift in how businesses connect with customers. Retailers who prioritise local engagement, personalise the customer experience, and build strong community connections will be the ones who succeed in the evolving retail landscape, understanding that in the age of global commerce, local is the new global.

To read the published article by Dan Todaro, Gekko Group CEO, please visit ERT

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Jan 31 2025
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Elevate your personal wellness with smart tech

A new smart tech wellness brand is launching into the UK market with a new range of products to help on-the-go consumers mitigate muscle tension and stress.

SKG is a smart technology brand that specialises in wearable health and wellness devices. Using smart tech, each product is designed to help users decompress and easily elevate their wellness routine. The cleverly designed G7 Pro-Fold Neck Massager and E3 Pro Eye Massager can seamlessly integrate into your daily routine both at home and on the go.

Firstly, the SKG G7 Pro-Fold Neck Massager is a pulse massage machine that helps reduce stress-induced neck pain and strain. Its 180-degree foldable design ensures easy portability, making it the perfect option for both the gym and travel. Experience instant relief and ultimate relaxation anytime, anywhere with this must-have on-the-go massager.


Equipped with red light technology, the G7 can penetrate muscles to a depth of 10mm, providing a faster, quicker relief from pain and tightness.

The G7, which won an IF Design Award last year, can be controlled through your phone, providing instant release at your fingertips. With five different massage modes, six pulse levels and four levels of heating, the convenient app puts you in control for effortless, instant relief.

Then there’s the SKG E3 Pro Eye Massager – a relaxing massager that helps alleviate eye fatigue and sooth eye pressure. Its innovative 3D groove design ensures no direct pressure on the eyes, helping users to decompress and unwind with ease.

Featuring a see-through mask for added visibility, it seamlessly integrates into your daily routine. And with six separate pressure points, the eye massager provides a delicate and gentle pulse motion for a truly spa-like experience.

For those travelling overnight or looking to reduce eye inflammation, the E3 includes a heat compression functionality to help under eye bags and reduce dark circles, leaving you feeling refreshed and revitalised.

SKG strives to make wellness accessible to everyone by combining education, innovation, and over a decade of experience in the tech and wellness space. The brand aims to be a one-stop shop for people looking to improve their health and well-being through technology.

To read the published article, please visit ERT

Photo by ERT

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Jan 31 2025
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Why data is key to maximising potential for the customer experience in 2025

With a new year underway, brands are looking to enhance their digital marketing agility, with data use at the core of their strategies.

So here, Toby Stupples, Client Delivery Director at field marketing specialist, Gekko Group, takes us through some of the essential elements that brands need to bake into their digital plans to maximise customer experience online in 2025…

Retailers and brands invest millions on advertising and marketing support every year to encourage consumers to purchase products or services in a fiercely competitive landscape.

However, the efforts of marketing teams and the crucial spend can be negated in an instant if the customer has a negative experience when they go online. According to research, 78% of online shoppers abandon their carts due to a poor customer service experience.

According to recent reports from the BRC, two thirds of leading retailers in the UK claim that they will be forced to hike prices to cope with the increase to National Insurance costs brought in by the New Labour government this year.

Having worked hard to shield customers from higher costs, with slow market growth and margins already stretched thin, it’s inevitable that consumers will bear some of the burden, so effective sales that lead to ROI are more crucial than ever.

With that, it’s time for brands and retailers to take a more holistic overview to the omnichannel customer journey, particularly when it comes to considered purchase items.

As a new year starts, e-commerce plans for 2025 are seeing many brands seeking to enhance operational agility online to remain competitive to appeal to their desired audiences.

Laying a strong data foundation

With consumers bombarded with deals hourly across multiple platforms, presenting a functional, transactional website is not enough when it comes to the savvy consumer.

Underpinning it all, there needs to be a well-considered data stack as the solid foundation, providing customers with the experience they have come to expect, and to help identify their needs at every touchpoint.

Helping to shape the marketing activity accordingly, brands continue to harness the power of consented first party data, and work closely with third-party sites and stores to gain an in-depth understanding of their customers.

The current reality is that there is low metric transparency from third-party websites to the brands, as they, in turn, seek to monetise their proposition.

When it comes to digital merchandising performance, it’s critical to think beyond consistency, stock levels and presentation, and assess the success of the whole shelf, and how specific products compare to those of competitors.

As many brands find themselves working with more third-party retailers, data and insight models become a crucial part of the marketing mix in order to better serve their customers in a trustworthy way.

Digging deeper into shelf analysis

Everyone wants to get the best deal, but trying to compare products becomes more challenging when descriptions, specifications and images are inconsistent, leading to potential loss of sales to competitors that are better aligned on the finer details.

This is why consistent presentation in digital merchandising is critical for avoiding confusion.

For brands working with multiple retailers, reviewing and tracking how products are presented manually can be a monumental, and an arguably impossible undertaking.

Digital shelf analysis tracks both a brand’s own, and the competitors’ product lines, which can help to create an effective real-time competitor strategy, combining data from web-scraping with retail expertise to respond to activity from the competition with vigour at the optimum time and across the right platforms.

Rather than relying on shared data, an end-to-end web scraping solution could help to marry e-commerce intelligence with insights from bricks and mortar retail to provide visual and actionable trends.

This type of service provides a dashboard that consolidates insights from different websites, allowing brands to track other measurables, like share of voice, availability, pricing, promotion and reviews, and use the data to build more informed strategies.

Unlocking Retail Media Potential

Retail media is a colossal advertising medium, with global revenue from retailer e-commerce sites expected to exceed television revenue by 2028.

For brands, the potential of reaching target consumers while they are already browsing or shopping in the category cannot be ignored.

Combining this type of digital advertising with physical shopping environments ensures that brands are showing up in the right places and at the times across relevant channels.

When this is done well, relying on insights from data and human expertise, this ensures continuity within the purchase journey alongside consistent brand messaging, which will ultimately bring the consumer closer to making a purchase.

However, brands should be careful that they do not de-prioritise data and insight in their rush to play in the retail media space.

As retail media supply increases brands will have to manage campaigns across multiple networks, and it will be those with campaign control and strong insight reporting that will unlock the potential of the data to truly drive innovation in the space.

Getting ahead of the competitor curve

Personalisation drives performance and better customer outcomes, which requires a strong data foundation. Although, brands still need to think about what their insights mean for the digital shelf.

Browsing the digital shelf is the equivalent of exploring products in-store, but they need to be discoverable quickly on listing pages and under relevant search terms.

Benchmarking against competitors for pricing, promotions and presence is critical and this data, along with on-site performance metrics, are incredibly valuable to brands.

This can be a complex and time-consuming process, but with an automated solution like web scraping, brands gain the same knowledge that can be used to form campaigns, and free up time for sales and marketing teams to focus on other priorities.

What’s to come in 2025 for brands and retail?

With the continued evolution of how we track and manage consumer data, brands should be prepared to optimise their own tracking data and work closer with third party retailers.

As retail media grows in years to come, keeping track of metrics across the board becomes vital for maintaining consistency, managing campaigns and influencing presence, and also performance on partner sites.

2025 provides opportunities for brands and retailers to equip their teams with the best actionable information that will influence change in the relevant e-commerce channels.

The unpredictability of pricing trends underscores the value of retail monitoring tools, helping provide smarter insights to understand shifting consumer demand, and adapting strategies to remain competitive in an increasingly fragmented and challenging environment.

To read the published article by Toby Stupples, Client Delivery Director please visit Mediashotz

Photo by Mediashotz

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Dec 04 2024
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Retail Roulette – Why Black Friday and Cyber Monday discounts are a complete gamble for retailers and consumers alike

It’s official – long gone are the days of the standalone Black Friday and Cyber Monday discounts. Now, securing sought after products at the best price is becoming increasingly chaotic for consumers, with prices fluctuating during a number of weeks across the Golden Quarter. Forget deal or no deal, it’s more like deal or disappointment for consumers, leaving much to be desired in terms of results for retailers.

Experts from retail marketing consultancy Gekko have utilised their GWS Price Analysis Tool to do the heavy lifting, crunching the numbers to analyse average prices in categories including consumer electronic products and household goods, across major retailers, including AO, Argos, Currys, Harvey Norman, and John Lewis. The results identify the true rollercoaster retail landscape during the busy discounting period.

The analysis, which spans the weeks before and after Black Friday and Cyber Monday 2024, reveals that Black Friday and Cyber Monday is not always the best day to secure the best deals, with prices in some categories plummeting from the middle of November onwards.

In the wearable technology category, this year’s Black Friday sales at Currys saw a notable shift, with a reduction in product variety, but an increase in value for shoppers. Gekko’s analysis reveals a significant decrease in the number of SKUs, dropping from 456 in 2023 to 342 in 2024 – an overall reduction of 114 products.

Alongside this streamlined selection, prices have decreased in wearables. The average price of a wearable this year came in at £287.80, down by 8.55% compared to 2023’s average of £313.83. The approach of offering fewer products while increasing promotional impact reflects how a retailer like Currys is refining its strategy to balance consumer preferences with enticing deals to consumers.

In John Lewis, the LG 77-inch OLED TV serves as a perfect example. Initially sold at its full retail price of £4299 throughout October, the TV was heavily discounted in early November, dropping by 30.2% to a retail price of £2999. This product then sold out in mid November before returning to stock in time for Black Friday, back at the original full price of £4299. By monitoring price fluctuations, consumers may be able to cash in on early discounts, like the 30.2% savings on this LG TV, instead of waiting for Black Friday, when prices may climb back to full retail.

The hustle between Black Friday and Cyber Monday is enticing for consumers, but some products saw sharp increases compared to their Black Friday prices. For example, a Fridgemaster Compact Fridge on AO rose in price from £125 on Black Friday to £139 by Cyber Monday, representing an 11.20% increase, which may have frustrated shoppers holding out for better deals. Just a day after Cyber Monday, Gekko’s GWS Pricing Analysis Tool revealed new shifts in AO’s pricing. By 3rd December, the Fridgemaster Compact Fridge had dropped slightly to £134, still higher than its Black Friday price of £125, but lower than the Cyber Monday price of £139.

With the fluctuation in pricing, savvy shoppers may start employing various techniques to ensure they get the best deals on offer across the whole Black Friday discounting period. By buying early and then monitoring price movements, shoppers may well return and rebuy an item if the savings are too good to ignore.

Talking about the unpredictable retail discounting period across Black Friday and Cyber Monday 2024, Daniel Todaro, CEO at Gekko Group, said: “It’s been a tough year for everyone, and making products even more affordable could help to boost sales in the face of the cost-of-living crisis. Timing is everything, and while retailers adjust their prices based on demand, consumers that have shopped around will likely walk away with the best rewards.”

Offering additional advice for bargain hunters, he added: “The unpredictability of these pricing trends underscores the value of retail monitoring tools like Gekko’s GWS Pricing Analysis service, helping provide smarter insights to understand shifting consumer demand, and adapting their strategies to remain competitive across the busy golden quarter.”

To read our published article, please visit Retail Focus

Photo by Max Fischer from Pexels

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Nov 20 2024
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Why digital shelf analysis is the key to Black Friday success

After another year of squeezed personal finances and lacklustre sales, retailers and brands are hoping for the biggest Black Friday ever to boost sales and profitability.

Last year, consumers spent £3.45bn over the Black Friday weekend, with 66% of purchases estimated to have taken place online. With fierce competition for a share of the Black Friday pie, brands need to ensure that their digital footprint is shipshape before the frenzy begins.

Getting your house in order

While pricing is important, it is not the only thing that brands need to consider – particularly if they have big-ticket items on offer. For brands that work with multiple third-party retailers, the chaos surrounding Black Friday means that ideal positioning, product descriptions and images can fall by the wayside – but this can lead to a disjointed experience for consumers.

When consumers are faced with multiple deals and a wide range of product options across multiple retailers, consistent presentation in digital merchandising is critical for avoiding confusion. Trying to compare different but similar products – or the same products across different websites – becomes much more challenging when descriptions, specifications and images are inconsistent, potentially losing sales to brands or products which are better aligned across platforms.

Certain elements, particularly description and images, are also critical for search, so it is important to ensure that your digital merchandising is on point so that potential customers find your product in the first place.

But, for brands working with multiple retailers, reviewing and tracking how products are presented manually can be a huge – arguably impossible – undertaking, so finding a digital shelf analysis or web-scraping service that can automate part of the process can significantly help when it comes to getting your house in order.

By tracking, collating and analysing data on your products, brands can identify where standards may have slipped or information vital for consistency and searchability is missing, and approach their account managers in good time – before the Black Friday chaos begins in earnest.

Thinking beyond the self to the wider shelf

During this discounting period, competition is fierce. When it comes to analysing your brand’s digital merchandising performance, it is critical that you think beyond consistency, stock levels and presentation, and consider the whole shelf.

If you are already undertaking analysis of your brand’s positioning, consider the value of analysing the whole shelf. How do your products stack up against your competitors? Maintaining your own marketing strategy is critical, but at a time when prices are constantly changing, it is important to know where you stand.

This is where digital shelf analysis that tracks not only your own products, but the competitors can really come into its own, helping you to create a real-time competitor strategy. Combining data from web-scraping with retail expertise will enable you to respond to competitors’ activity with your own at the right time and across the right platforms.

Staying one step ahead

Third-party retailers are juggling data from all their brands, and relying on their feedback could leave you behind the pack. Everyone wants a piece of the Black Friday pie and when the chaos hits, you’ll want to be armed with real-time and past data that can help you stay consistent and searchable and reactive to competitors.

Based on an analysis of data from GWS, our proprietary analysis tool, retailers started discounting from mid-November last year – and some of the biggest deals for consumers hit before the Black Friday weekend started. Equipping yourself with actionable information will allow you to be competitive when it counts, allowing you to cut through in an increasingly fragmented and challenging environment. 

To read the published article by Toby Stupples, Client Delivery Director please visit PMW

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Nov 18 2024
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Digital shelf analysis: The secret weapon for brands this golden quarter

In Britain, 67% of consumers plan to spend the same or more than last year during the 2024 golden quarter1 so brands will need to pull out all the stops to get their slice of the pie, particularly when it comes to sales and marketing strategies.

With huge retail events like Black Friday and Cyber Monday on the horizon, plus the flurry of activity surrounding Christmas gifting, having clear visibility of online activities and transaction success has never been more crucial for brands and retailers.

Smart shelf analysis with Gekko’s GWS

Maintaining a clear overview of inventory online has become harder due to capacity and sheer volume of points of sale. Online, data analytics is transforming the ways brands monitor data about both their own products and the others on the shelf, providing insights that help improve performance and the overall customer experience.

Digital shelf analysis is a secret weapon in helping brands understand what’s working, and what’s not. New tools and enhancements like GWS from retail experts Gekko provides brands with clearer visibility of metrics from retailers such as share of voice, pricing, stock availability plus ratings and reviews, providing visual and actionable insights to enable brands to maintain market share and execute strategic marketing objectives.

GWS helps brands to monitor, manage and review e-commerce performance across selected retail platforms, gathering digital shelf data from specific retailers and presenting it back in an easy to digest dashboard. In turn, this data helps brands to understand their performance against the competition, including monitoring and reporting on sponsored positions to understand which brands are investing with which retail partners, providing crucial information to better manage strategies, partners and product listings.

By monitoring how products are presented, these tools also help to enhance the customer purchasing experience online, as it allows brands to ensure that descriptions, images and positioning is consistent across third-party retail sites. Additionally, with customer reviews and star ratings of products being some of the biggest factors in converting sales online, web-scraping assists in constantly checking and maintaining the display of this information to enhance the purchase experience, and ultimately help to gain market share over competitors.

Maintaining the competitive edge

Despite Black Friday maintaining its position as the most anticipated retail event of the year, it is becoming more diluted than ever before. Coupled with high inflation and the continuing cost-of-living crisis, brands need to secure a competitive edge.

As many consumers are now making split-second purchasing decisions based on price rather than brand preference, retailers also need to consider how they respond. Unlike other web-scraping tools, GWS offers analysis of the full digital shelf, allowing brands to track real-time competitor activity and establish a strategy to maintain competitiveness, particularly at this time of year, when costs fluctuate so frequently.

Price monitoring via e-commerce platforms can provide last minute insights for brands to track prices and share of shelf against competitors to ensure they are offering the most compelling deals and packages; a clear advantage amid the deals battles of Black Friday and Cyber Monday, and across the omnichannel strategy.

Analysing the full spectrum of shelf availability provides a great overview of stock requirements in line with demand. Additionally, it provides clear and precise predictions many months in advance of seasonal discount days, like Amazon Prime Days, Black Friday, Cyber Monday and the Christmas gifting season.

Stamping out the competition for success

With this in mind, the best way to get ahead is to plan ahead. Having a full view of a product’s retail landscape and that of its competition provides brands with the information needed to negotiate with retailers for better pricing and placement throughout the year – but it is vital during the golden quarter.

Competition from other retailers and brands limits how successful traditional calendar events like Black Friday can be. So, brands need to get a leg up on the competition by taking a holistic view of the entire shelf, and adjusting their activity and pricing accordingly. This way, they can secure a higher return on investment, along with a wider understanding of consumer behaviours and the ever-changing market.

To read the published article by Toby Stupples, Client Delivery Director please visit Retail Sector

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Oct 25 2024
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Reaching the Peak

The Golden Quarter for retail is upon us and hopefully, by the end of the year, the figures will be reporting a successful Christmas period for retailers and pointing towards an even rosier outlook for 2025. Since the last retail peak season we have had a change in government and there is noise that the intention is to introduce economic policies designed to boost disposable income, including raising the minimum wage and public sector salaries. The potential increase in spending power for some is offset by the worry for many that increased taxation will mean the cost of living crisis will continue to leave its unwelcome mark.

Alongside this Labour has also pledged to reform the business rates system, which is a major burden for physical retailers. Their proposed new system of business property taxation aims to reduce costs for high-street shops, levelling the playing field between brick-and-mortar stores and online retailers. This is expected to reduce operational costs, allowing businesses to invest more in customer experience and competitive pricing.​

Focus on revitalising the High Streets will be very much welcomed, whether through the aforementioned reduced taxation for brick-and-mortar stores or measures like introducing banking hubs and cracking down on shoplifting by increasing police presence. These efforts are designed to create safer, more vibrant shopping environments, which could attract more foot traffic and increase sales for local businesses​.

The reality though is that it’s too early to say what impact the new government will have on the fortunes of the retail sector in the UK, so retailers need to focus on maximising the opportunities that the peak season presents, seeking wherever possible to boost sales and leave a positive lasting impression with customers. The challenge is tough. While high inflation is perhaps not the worry of 12 months ago, rising living costs are still very much having an impact and then there are factors such as staffing challenges and store closures. To ensure a successful golden quarter, retailers must take a strategic approach. By prioritising adaptability, customer engagement and operational efficiency, retailers can stand out and remain competitive, even as consumers potentially cut back on spending.

Success during this time also demands careful planning, strategic insight, and perfect execution. Without proper preparation, retailers risk missed opportunities and unhappy customers. To make the most of the peak season, it’s essential to start planning early. This involves setting pricing strategies, organising promotions, staffing, launching marketing campaigns, and making any necessary operational adjustments, such as embracing digital transformations or strengthening supply chain resilience.

First and foremost, adopting an omni-channel approach that seamlessly blends online and offline shopping experiences is essential. Offering customers the flexibility to research, purchase and receive products across multiple channels ensures a smooth and convenient shopping experience. This should be viewed as a long-term strategy, not a short-term solution, as it creates a strong foundation for attracting, converting, and retaining customers. 

Another overlooked strategy which has caused a lot of customer irritation for many retailers and online stores during a Black Friday or an event is website load capacity. We’ve seen it countless times where websites have crashed on the customer due to an overwhelming amount of traffic to the site, this in turn can cause a spiral of negatives, ranging from loss of sales, loss of customers and negative reviews. It’s 2024, there shouldn’t be a situation where the website is overloaded and subsequently crashes due to traffic load, this is a recurring theme for many businesses and sites and needs to be taken seriously in the planning stage. 

Investing in technology is key to enhancing the online shopping experience for your customers and it can also provide a significant advantage for retailers. Improved website functionality and optimised mobile responsiveness can help create the seamless omni-channel experience retailers aim for. This combined with the website reliability/stability that comes from investment, will set your website apart from the crowd. Additionally, emerging technologies like AI-powered assistance, virtual try-ons, and AR options can further elevate the experience by allowing consumers to visualise products in their own homes.

Offering targeted promotions and discounts to drive sales during the golden quarter is a proven strategy, but it’s crucial to know when and when not to discount. Retailers might consider bundling products, offering exclusive deals, and leveraging loyalty programmes to encourage repeat business, these promotions are by far the most common ones implemented, however, there’s been a rise in alternative promotional discount incentives such as tiered discounts, which are seen more and more with the basic concept being progressive discounts to entice customers to spend more, e.g. 10% off for £50 spent, 20% off for £100 spent. Another seemingly popular promotion is the flash sale. These limited-time discounts create a sense of urgency, which can generate excitement and increase traffic. You’ll see a lot of these flash sales with Amazon and their Prime Day, where offers can last up to an hour or until stock runs out. However, as much as these promotions can boost demand, it is essential to plan ahead and ensure a strong, stable supply chain to avoid disruptions. Building supply chain resilience is key to meeting customer demand, so where possible, consider diversifying suppliers to safeguard product availability.

Retailers offering online sales will have already put careful thought into their delivery and returns policies. However, as peak season approaches, it may be time to reassess. Were there any lessons from last year? Free returns are highly valued by many shoppers and could give you an edge over competitors. As we’ve seen recently, there are countless businesses that are charging for returns now, usually in the form of passing the postage cost over to the customer, which re-emphasises how much customers value free returns and the edge it can give you over your competitors. However, managing the increase in orders can strain customer service teams. Whatever approach you take, it must be clearly communicated to customers and streamlined to ensure a smooth, integrated returns process.

Effective customer service is essential, and it’s crucial to equip staff with the skills needed to deliver outstanding service both in-store and online. Well-trained employees can significantly improve the shopping experience and foster lasting customer relationships. In the world of the internet where all information is at your fingertips many shoppers will have already researched before entering stores, so simply repeating what’s on the display POS won’t be enough. Empower sales advisors to impress customers with their expertise, advice, and recommendations, making the customer feel like they’ve made the correct decision in coming into the store. Moreover, taking care of your team and ensuring they feel valued at work will not only improve retention but also lead to more positive customer interactions, enhancing the overall shopping journey and encouraging repeat business.

Finally, retailers should explore the support their suppliers can offer. Many brands are keen to assist with a range of activities such as product training, promotional efforts, or additional brand ambassador staffing, in-turn it not only boosts sales of their products but also benefits your business in the process.

As we know, consumers will have no shortage of options for where to spend their money, so it is pivotal that retailers go the extra mile to stand out. Whether this is through engaging marketing— through store representatives, training, or merchandising— all of which can help ensure customers know who you are and why they should choose your products. Once you’ve captured their attention, loyalty and long-term success will follow, extending well beyond the holiday season.

To read the published article by Dan Todaro, Gekko Group CEO please visit ERT

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