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Inside the Mind of the Shopper Herb Sorensen

Inside the Mind of the Shopper By Herb Sorensen

Inside the Mind of the Shopper by Herb Sorensen


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Inside the Mind of the Shopper Summary

Inside the Mind of the Shopper: The Science of Retailing by Herb Sorensen

What do you really do when you shop? The answers are fascinating and, for retailers, they're cash in the bank. In Inside the Mind of the Shopper: The Science of Retailing, world-renowned retail consultant Dr. Herb Sorensen, Ph.D. uncovers the truth about the retail shopper and rips away the myths and mistakes that lead retailers to miss their greatest opportunities. Every year, says Sorensen, shoppers will spend a quadrillion seconds in supermarkets and they'll waste 80% of that time. Sorensen analyzes consumer behavior-how shoppers make buying decisions as they move through supermarkets and other retail stores-and presents powerful, tested strategies for designing more effective stores, improving merchandising, and driving double-digit sales increases. He identifies simple interventions that can have dramatic sales effects, and shows why many common strategies simply don't work. You'll learn how to appeal to the quick trip shopper; make the most of all three moments of truth; understand consumers' powerful in-store migration patterns; improve collaboration between manufacturers and retailers; learn the lessons of Stew Leonard's and other innovators; and much more. Then, in Part II, Sorensen presents revealing interviews with several leading in-store retail experts, including crucial insights on using technology and retailing to multicultural communities.

About Herb Sorensen

Herb Sorensen is a preeminent authority on observing and measuring shopping behavior and attitudes within the four walls of the store. He has worked with Fortune 100 retailers and consumer packaged-goods manufacturers for more than 35 years, studying shopper behavior, motivations, and perceptions at the point of purchase. Sorensen's patented shopper-tracking technology PathTracker (R) is helping to revolutionize retail marketing strategies from a traditional product-centric perspective to a new shopper-centric focus. As Baseline magazine commented, Herb Sorensen and Paco Underhill are the yin and yang of observational research.

Herb has conducted studies in North America, Europe, Asia, Australia, and South America. His research has been published in AMA's Marketing Research, The Journal of Advertising Research, FMI Advantage Magazine, Progressive Grocer, and Chain Drug Review, and he has been utilized as an expert source for The Wall Street Journal, Supermarket News, and BusinessWeek. Additionally, he is currently a panelist of Retail Wire's Brain Trust.

Herb was named one of the top 50 innovators of 2004 by Fast Company Magazine, and shared the American Marketing Association's 2007 EXPLOR Award for technological applications that advance research, with Peter Fader and his group at the Wharton School of Business of the University of Pennsylvania. Herb has a Ph.D. in Biochemistry.

Table of Contents

Author's Notes and Acknowledgments xv

About the Author xxi

Preface: Rethinking Retail 1

Introduction: Twenty Million Opportunities to Buy 5

Part I: Active Retailing 23

Chapter 1: The Quick Trip: Eighty Percent of Shopper Time Is Wasted 25

Chapter 2: Three Moments of Truth and Three Currencies 47

Chapter 3: In-Store Migration Patterns: Where Shoppers Go and What They Do 69

Chapter 4: Active Retailing: Putting Products into the Path of Shoppers 97

Chapter 5: Brands, Retailers, and Shoppers: Why the Long Tail Is Wagging the Dog 113

Part II: Going Deeper into the Shopper's Mind 131

Chapter 6: The Quick-Trip Paradox: An Interview with Unilever's Mike Twitty 133

Chapter 7: Integrating Online and Offline Retailing: An Interview with Professors Peter Fader (The Wharton School) and Wendy Moe (University of Maryland) 147

Chapter 8: Multicultural Retailing: An Interview with Emil Morales, Executive Vice President of TNS Multicultural 161

Chapter 9: Insights into Action: A Retailer Responds: An Interview with Mark Heckman of Marsh Supermarkets 179

Part III: Conclusions 189

Chapter 10: The Internet Goes Shopping 191

Chapter 11: Game-Changing Retail: A Manifesto 199

Part IV: Appendix 205

Appendix: Views on the World of Shoppers, Retailers, and Brands 207

Index 213

Additional information

GOR004402548
9780137126859
0137126859
Inside the Mind of the Shopper: The Science of Retailing by Herb Sorensen
Used - Very Good
Hardback
Pearson Education (US)
20090604
256
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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