7 Strategies to Help You Build a Strong Retail Brand (2024)

7 Strategies to Help You Build a Strong Retail Brand (1)

Successful retailers know that to stand out, retail businesses must build a strong brand, be trustworthy, and provide an excellent customer experience.

To meet these goals,retail businesses must invest in good branding. As we previously emphasized:

  • A brand is the sum of all experiences your customers and prospects have with your company.
  • A strong brand communicates what your company does and how it does it and, at the same time, establishes trust and credibility with prospects and customers.
  • Your brand lives in everyday interactions your company has with its prospects and customers, including the images you share, the messages you post on your website, the content of your marketing materials, your posts on social networks, etc.

So, whether you’relaunching a new retail businessor trying to grow an existing business, you must develop a strategy that helps you create a successful and sustainable business that peoplerecognize and trust.

What is retail branding?

Retail branding is a strategy in which stores, like products, are uniquely marketed to optimize reach and sales. A retail brand is a group of retailers' stores with a unique name and logo.

7 Strategies to Help You Build a Strong Retail Brand (2)

Here are seven strategies to help you build a strong retail brand and five terrific examples of personalized retail shopping experiences.

How to build a strong retail brand:

  1. Understand and adapt to trends
  2. Stay consistent with your branding
  3. Take advantage of technology
  4. Use social proof
  5. Prioritize a personalized shopping experience
  6. Invest in good design
  7. Nurture customer relationships
  8. Five best personalized retail shopping examples

7 Strategies to Help You Build a Strong Retail Brand (3)

1. Understand and adapt to trends

Trends can be influential, especially with younger consumers.Gen ZandMillennialsare regularly swayed by trends in styles, colors, music, etc. So, if you want to grow your retail business, you must understand and adapt your business to trends.

For example, if you run a coffee shop that caters to a younger demographic, pay attention to popular music on TikTok and be sure that you play that music in your shop. Doing so will help your customers feel more welcome and comfortable.

Businesses that ignore trends often get left behind. Big retail names such as Zara and H&M are continuously threatened by upstart retail brands, like SHEIN, that more accurately embrace and reflect modern trends.

SHEINis more significant than many previously popular clothing retail brands, despite not having physical stores.

But how is SHEIN doing all this? SHEIN leverages social mediaandinfluencer marketingto promote its products. It creates trendy and affordable items and has a nicely branded and easy-to-useeCommerce website.

So, use trends to your advantage by doing market research and studying your competitors while askingquestions that help you strengthen and evolve your brand identity.

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7 Strategies to Help You Build a Strong Retail Brand (4)

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2. Stay consistent with your branding

Strong brandingis vital to retail businesses, primarily if you operate a retail business at more than one location.

For example, Apple stores look the same globally. This makes people feel comfortable that their experience at any Apple store will be similar. And it helps Apple communicate that products sold at different stores are of the same quality.

Apple takes consistency further by ensuring that everything fromproduct packagingto thecustomer experience is identical worldwide. This applies across its products and services – for consistent and cohesive brand architecture.

Learn from Apple and ensure that branding at your retail location complements your product packaging, business website, and social media accounts. That way, people can easily recognize your business online and offline.

3. Take advantage of technology

People want an effortless shopping experience. It’s the reason why online shopping has become popular. So, use technology to create a holistic shopping experience.

Ensure that customers can seamlessly transition from one device to another when shopping at your website. The website designshould complement the design of your retail store. It must be consistent, accessible, and easy to use. Use designs – in your retail locations and online – that help stimulate the eyes with impressive visuals that are brand-appropriate.

For example, the Samsung Experience Storeallows its customers to test and play with their products to get the complete feel. Customers can connect their Samsung devices to their large screen TVs, get consultations, do device repairs, and more in their physical store. The goal is to make people see what the brand can do to make their lives easier.

4. Use social proof

Social media easily influence people.

Social media is the “it” place to reach audiences of all kinds. This space allows you to market cost-effectively,reach your target audience through influencersonYouTube, Instagram, and TikTok, discover trends, etc. And most importantly, it can help you gain social proof.

Social proof, including positive comments, user-generated content, reviews, and more, helps you gain the credibility you need. Customers also flock to social media to complain or talk about a brand they love. This is the ultimate place to garner social proof to gain trust effectively and increase sales.

5. Prioritize a personalized shopping experience

Competition is fierce in retail. Invest in creating individual experiences to avoid getting left behind.

Customers expect to be catered to personally from all touchpoints. In real-life, a personalized shopping experience means easy assistance and good product recommendation from store employees.

But in online shopping, data analytics is used to create personalized experiences such as recommendations, discount codes or vouchers, excellent customer service, and more. Customers browsing your website or app should see content tailored to their interests.

For example, John Lewistakes personalization to another level by offering a free personal styling service to its virtual and in-store customers. Customers can get the styling tips they need, and stylists can promote or recommend products from the brand.

6. Invest in good design

Good design is fundamental to creating solid branding. Impressive visuals will elevate your brand and help you stand out from the competition.

Don’t just aim to create beautiful designs. Ensure that your designs complement your branding, from yourcompany logo designto your website design. And if you have a physical store, ensure that it uses space efficiently, has good lighting, and implements a strong interior design that matches your brand.

When thinking of designing your retail brand, ask yourself:

  • Does this design reflect my retail store’s personality?
  • Does it use my brand colors?
  • How do people feel when they see my brand’s designs?
  • Is my logo appropriate for my branding?
  • Is my website design easy to use or accessible? Is my physical store too crowded in design or too less?

7. Nurture customer relationships

People stay loyal to brands they love. This is why famous brands like Walmart, Target, and Trader Joe’s thrive. People trust those brands.

Successful brands don’t achieve this kind of loyalty in an instant. They focused on offering low prices, convenient store locations, reward systems, and other essential factors that helped build brand loyalty and awareness.

And each invested inquality customer service, which offers retail brands a substantial competitive advantage.

Make sure your customer service lines are open 24/7. Use tools such as chatbots that allow customers to inquire when your workers are offline. Put contact details where they can be easily seen. Don’t make it hard for people to reach out, or you risk losing customers.

Five best personalized retail shopping examples

Amazon

7 Strategies to Help You Build a Strong Retail Brand (5)

Amazon’s “personal shopper” offers customers to get styled, pick and choose up to 8 items to try at home and allows a 7-day try-on period to give its customers time to choose which items they prefer to buy. Returns are free and easy.

This feature transcends the boundaries of online shopping. People now can have their chosen items delivered at home and try them on physically. This new standard of shopping online is a prime example of convenience that people love.

Selfridges

7 Strategies to Help You Build a Strong Retail Brand (6)

Selfridges has a “personal shopping” feature that allows customers to book a two-hour styling appointment at their physical store. This brand aims to offer its customers the best and most personalized shopping experience.

Customers can sit in the store’s relaxing and luxurious private shopping space while stylists and workers cater to their shopping needs. This experience is usually only offered at high-end fashion brands such as Louis Vuitton, Chanel, etc. Still, more and more retail brands have adapted the same service to cater to their customers.

Rituals Cosmetics

7 Strategies to Help You Build a Strong Retail Brand (7)

Rituals Cosmetics’ personal shopping experience focuses on emotions and intimate connections with customers. The brand offers a 1:1 personalized shopping experience in all store branches and exclusive gifts for members.

Ritual values its repeat customers and offers them monthly gifts to show appreciation and make them feel valued. In turn, this caring gesture motivates customers to visit the stores regularly.

Mamas and Papas

7 Strategies to Help You Build a Strong Retail Brand (8)

Mamas and Papas has a complimentary shopping experience that allows its customers to book one of their in-store consultants to address various concerns all from the comforts of their homes. Customers can get advice on the type of furniture or other parenting needs they should get for their homes.

This service allows people, especially first-time parents, to feel at ease and guided on how to style or purchase necessary accessories for their children. It’s a considerate and helpful gesture that also helps to connect the brand to its customers intimately.

Debenhams

7 Strategies to Help You Build a Strong Retail Brand (9)

Debenhams has stepped up its retail game by offering a personalized shopping experience online and offering activity packages that people can directly purchase from their website.

These activities are focused on creating meaningful experiences such as a mother and daughter makeover and photoshoot, afternoon tea for two, a helicopter ride, and more. It’s an innovative feature that makes the retail company stand out.

The retail industry thrives on three vital things: high-quality products, excellent customer experience, and a unique shopping experience. To be successful, you need to do those things well and unify them with strong branding and visual design.

7 Strategies to Help You Build a Strong Retail Brand (2024)

FAQs

What are the seven 7 elements of brand positioning? ›

The seven essential elements are: market category, target audience, USP, brand differentiation, brand personality, brand identity and pricing strategy.

What are the 7Ps of brands? ›

What started as the four Ps of marketing has quickly evolved into the seven Ps of marketing and includes product, price, promotion, place, people, process, and physical evidence. The 7Ps of marketing include: Product.

What is the 7 stage product life cycle? ›

Product management life cycle in seven main stages: Idea generation and management, research and analytics, planning, prototyping, validation, delivery, and finally, launch. An effective product management process will help your business goals get achieved much sooner.

What are the 5 strategies in brand development? ›

Five Different Types of Branding Strategies
  • Company Name Branding. Well-known brands leverage the popularity of their own company names to improve brand recognition. ...
  • Individual Branding. ...
  • Attitude Branding. ...
  • Brand Extension Branding. ...
  • Private-Label Branding.
Aug 6, 2018

What are the 6 phases of brand building? ›

The brand process is built around seven basic phases including: brand team development, business analysis, audience analysis, brand positioning, creative and messaging development, implementation, maintenance and measurement.

What makes a successful retail brand? ›

However, some tips on how to make your retail business successful include developing a strong marketing strategy, offering competitive prices, providing excellent customer service, and maintaining a clean and organized store.

What are the top five principles of successful retail? ›

If you are running a retail business — whether bricks and mortar or online — there are five core principles you need to adhere to.
  • 1 The customer is the most important person in your business. ...
  • 2 Retail is detail. ...
  • 3 Understand the Four Ps. ...
  • 4 Go the extra mile for your customer. ...
  • 5 Location, location, location!
May 7, 2019

What is retail brand strategy? ›

Retail branding is a strategy for building a strong perception of your store in your customers' minds. It's the deliberate steps you take to evoke positive feelings and encourage customers to see your business in a certain way. Generally, a brand is an identity: the story you tell customers to connect with them.

What are the 4 branding strategies? ›

The four brand development strategies are:
  • line extension,
  • brand extension,
  • multi-brands, and.
  • new brands.

What are the 8 laws of branding? ›

What we found most intriguing were his “eight laws” for developing a personal brand: specialization, leadership, personality, distinctiveness, visibility, positivity, persistence and goodwill.

What are the 5 key features of a brand? ›

Five Key Brand Elements:
  • Brand Position. ...
  • Brand Promise. ...
  • Brand Personality. ...
  • Brand Story. ...
  • Brand Associations.

What are the six parts of a perfect brand? ›

The Six Elements of a Brand
  • Brand voice.
  • Brand identity.
  • Brand promise.
  • Brand values.
  • Brand targeting.
  • Brand positioning.
Mar 1, 2022

What is the most important 7 Ps in marketing? ›

In school, we learn that there are 7 Ps in the marketing mix: product, place, people, process, physical evidence, promotion, and price. Traditionally, each of these P's has been an important way to differentiate your company from the competition.

What are the most essential 7 M's in marketing? ›

Seven cyclical elements to a successful integrated marketing program are: mindset, measure, model, map, make, modify, and monetize.

Why are the 7 P's of marketing important? ›

Importance Of 7 Ps Of Marketing

The 7Ps model helps us to: Set objectives and provide a roadmap for your business objectives. Conduct SWOT analysis, and undertake competitive analysis. Review and define key issues that affect the marketing of its products and services.

What are the 5 stages of product development? ›

The product life cycle is the progression of a product through 5 distinct stages—development, introduction, growth, maturity, and decline. The concept was developed by German economist Theodore Levitt, who published his Product Life Cycle model in the Harvard Business Review in 1965. We still use this model today.

What are the 5 C's of brand management? ›

As a good guideline for marketing strategies, this mnemonic consists of five terms, and it typically includes: company, customers, competitors, collaborators and climate.

What are brand building strategies? ›

Brand building is the process of marketing your brand, whether that be for the purpose of building brand awareness, promoting products, or simply connecting with your intended audience for the purpose of establishing a relationship with them in their day-to-day lives.

What are the 5.5 steps of branding? ›

That would identify the five key steps in the process (Investigation, Strategy and Narrative, Design, Implementation and Engagement) - but also acknowledge that key half-step between Strategy and Design, where the translation of one into another is crucial.

What are the 4 components to building your brand? ›

A strong brand requires a strong brand identity, brand image, brand culture, and brand personality. Implementing a successful brand strategy that develops all four of these components increases brand trust, loyalty, and awareness.

What are the 3 most important things in retailing? ›

The four gold standards of retail marketing are product, price, place, and promotion.

What is the key to retail success? ›

The 4 P's: Produce, Price, Place, and Promotion; these are the main areas you need to perfect for a customer, providing them with the basic foundations of a successful service retail business!

What are the three steps to successful retailing? ›

Prioritizing strategies and tactics to maximize success. Defining a shopper centric approach. Developing a comprehensive POC plan. Executing and measuring.

What are the 4 pillars of retail? ›

The Four Pillars
  • Community. Your store should help customers meet other people who share certain hobbies or interests. ...
  • Experience. When we discuss physical retail, the term “experience” refers to everything customers see and hear from the moment they enter a store to the moment they exit. ...
  • Socialization. ...
  • Destination.

What are the three C's of retail? ›

The three Cs of customer satisfaction: Consistency, consistency, consistency | McKinsey.

What are the 4 Ps of retail strategy? ›

The four Ps are product, price, place, and promotion.

What are the 6 basic steps in retail strategy? ›

Here is a quick look at the steps in the strategic retail planning process.
  • Define the business mission.
  • Conduct a situation audit. ...
  • Identify strategic opportunities.
  • Evaluate strategic alternatives.
  • Establish specific objectives and allocate resources.
  • Develop a retail mix to implement strategy.

What is basic retail strategy? ›

A retail strategy is the process you use to develop your products or services and sell them to customers. There are multiple elements to this plan, including location, store, merchandise/assortment, visual merchandising, staff, service, mass media and communications, and price.

What is a master brand strategy? ›

The master brand strategy is an increasingly popular marketing approach. Essentially, it consolidates your company and emphasises your parent brand (AKA master brand). It aggressively markets your company's name and what it stands for. As a result, consumers come to recognise and trust your brand.

What are the 3 R's of branding? ›

The Three R's of Branding: Relevance, Resonance and Relationships.

What are 3 of the 7 elements a standard brand kit should include? ›

There are three essential elements that you need to have in a brand kit: the color palette, logo(s), and typography.

What are 3 important elements that are essential to good branding? ›

Consider these three core elements:
  • Vision statement—What do you want to achieve? What are your core values? ...
  • Value proposition—What value does your organization provide to customers that no one else can? ...
  • Positioning statement—How do you want to be perceived in the marketplace?

What are the three 3 key elements of a brand describe it? ›

You can start creating, developing or improving your brand strategy by focusing on these three core elements of a brand: Promise, Positioning, and Performance. These elements are referred to as the Three Brand Ps. A brand's success depends on how well these elements are defined, planned and executed.

What is the 3 7 27 rule of branding? ›

It is a direct marketing approach that suggests if you can get your message in front of a prospect three times, that person will be able to recall who you are. After seven times, they will remember you or your brand. After 27 times, that person will develop trust in you and your brand.

What is the golden rule in promoting a brand? ›

The biggest golden rule is to carefully identify what your clients need and want, and then to show them that you can provide them with the service that will meet those needs. You need to have a direct connection with your target market to get the best return on investment from your marketing spend.

What are the elements of brand strategy? ›

A brand strategy is a term that embraces a company's reputation, products, and services it offers. The strategic plan includes the brand's value, market position, purpose, vision, and ideal customer. These points are necessary for the company's teams to work in one direction and make the right decisions.

What are elements of a brand strategy? ›

Elements of a strong brand strategy. Brand voice, brand design, brand values, brand story, and brand vibe are the key elements of a successful brand strategy.

What are the 5 pillars of brand strategy? ›

The five brand pillars include purpose, positioning, personality, perception, and promotion. Also known as company pillars or messaging pillars, brand pillars comprise an integrated system that encompasses what a brand stands for, why it is unique, and how it communicates to the world.

What are the 4 main elements of successful branding? ›

A strong brand requires a strong brand identity, brand image, brand culture, and brand personality. Implementing a successful brand strategy that develops all four of these components increases brand trust, loyalty, and awareness.

What are the 4 types of branding strategies? ›

The four brand strategies are line extension, brand extension, new brand strategy, and flanker/fight brand strategy.

What are the eight elements of branding? ›

The 8 universal branding elements every brand needs
  • Logo. Every brand needs a logo. ...
  • Color palette. Colors are another key ingredient in any brand identity. ...
  • Shape. Shape is another part of an overall branding strategy. ...
  • Tagline. “Eat fresh.” ...
  • Tone of voice and vocabulary. ...
  • Fonts. ...
  • Imagery. ...
  • Positioning.

What is brand building strategy? ›

Brand building is the process of marketing your brand, whether that be for the purpose of building brand awareness, promoting products, or simply connecting with your intended audience for the purpose of establishing a relationship with them in their day-to-day lives.

What is brand strategy examples? ›

It involves creating marketing campaigns or changing a brand's image to appeal to an audience that a company didn't previously target. For example, a physical bank mainly has middle-aged customers. To gain more revenue, the bank decides to target a new audience of younger customers.

What are the 5 A's of branding? ›

Philip Kotler, the five stages (Awareness, Appeal, Ask, Act and Advocacy) allow marketing and sales professionals to create a map of the customer's needs and priorities during the different parts of their purchase process.

What are the triangle brand elements? ›

Triangle represents the three main elements of innovation which consists of the new idea, the value for the customer, and the value for the company.

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