Best Buy Modernizes Visual Merchandising Processes
Employee feedback helped form a more efficient, system-wide practice that — like the electronic shelf labels (ESLs) Best Buy has introduced to 280 stores (with more pending) — allows for real-time access to data.
"Digital ends up giving everybody in the process a much higher level of visibility and confidence that things are being done properly, and ultimately, that stores are being set the way they want," Tom Erskine, chief marketing officer and senior vice president of product, One Door, told NRF's STORES magazine.
As a result, Erskine added that the new system addresses a number of pain-points, by driving:
- Better sales results, “because when people can find what they’re looking for in stores, the stores sell more.”
- Less cost in stores, “because associates know exactly what to do, in less time.”
- Less cost at headquarters, “because the application enables the visual merchandisers to be five to eight times more effective than they would otherwise normally be."
Creating merchandising processes that work for everyone required Best Buy to listen to employees at all levels — an idea that makes sense for the retailer as it continues to intently focus on employee needs and wants, as well as elevate their roles.
Just last year, Best Buy gave its logo — the iconic yellow price tag — its first makeover in over 30-years. In conjunction, the retailer unveiled a brand refresh supported by a marketing campaign highlighting its culture, expertise and employees, and offered a new vision and tagline: “let’s talk about what’s possible.”
In alignment with that vision, Best Buy debuted ESLs from Pricer, reduced shelve space for CDs and introduced more products and services to help shoppers on their journey through the digital age, while also continuing to invest in and develop systems that improve the efficiency of employees and, in turn, create a better experience for shoppers.