Beginning
Two years ago, I was sitting through a talk by Mr. Joseph
Weishar- an eminent and accomplished personality in the field of visual
merchandising, I remember thinking -wow thats a lot of years.
Mr. Weishar has been successfully working in the retail
industry for over 50 years.
Last fifty years---- now thats a really long time. Its a
time when I wasnt even born, a time when India was fighting its battle for
freedom.
As a country organised retail was nowhere in the picture.
Internationally though organised retail was established way
back in the late 1800s. Early 20th century saw a boom in the retail business in
the USA and Europe. All retail needs operations, production, supply chain,
display, architecture, planning & visual merchandising were studied,
understood, re worked and developed. These were customised to the consumer
needs.
Retailing had now existed globally for about 100 years. In India though, we saw traces of organised retail only in the early 1990s. We had 50 +years
of lag time, as compared to the rest of the world. We had to move at a break
neck speed and get to the world standards soon. Though it was quite a challenge
the path had already been paved for us. The mistakes had been made. The right
courses chalked out, researches done and a lot of patient understanding had
already been achieved.
We were at an advantage. We had to draw from their
experiences and customise it to suit our environment. The emphasis on design
was apparent and display and visual merchandising played a key role.
But unfortunately unlike the western countries, where visual
merchandising received highest priority in commercial planning of a product,
the Indian industry did not understand or practice the concept of visual
merchandising in its entirety. As time rolls on and the retail industry is
growing in India, and the Indian consumer being extremely fastidious the
industry will need to compete purely on the competitive edge of the product.
Visual merchandising will be a very helpful tool in that. Visual merchandising
helps project the uniqueness of the product thereby increasing the market
access and sales.
It is time the Indian retailer understands and adopts the
scientific and professional system of VM than the traditional practices of
display of products.
What is visual merchandising then?
VM (as is the industry short form for visual merchandising)
is an art and science of displaying merchandise to enable maximum sale. It is a
tool to achieve sales and targets, a tool to enhance merchandise on the floor,
and a mechanism to communicate to a customer and influence his decision to buy.
It is one of the key stages in setting out a store that
customers will find attractive and appealing.
VM is a creative and effective way of
- educating the
customer- about the product/ service
- establishing a
medium to present in a 3D environment, enabling long lasting impact and recall
value
- setting the
company apart in an exclusive position
- keeping the
product in focus, thus establishing linkage between styling, design and
marketing.
- combining the
creative, technical and operational aspects of a product and business
- drawing a
customers attention to enable him/her to make a purchase decision within the
shortest possible time and thus augmenting the selling process.