(Length: 20 pages)

December 10, 2004

Getting Multichannel Retailing Right

How To Create And Implement A Multichannel Strategy

This is the second document in the "Multichannel Retailing" series.

by Carrie Johnson

with Sharyn Leaver, Sean Meyer


Executive Summary (This is a document excerpt)

While multichannel retailing tops all retailers' to-do lists, internal organizational battles and external economic pressures hamper investment and, ultimately, success. Despite these existing hurdles, all retailers must create a consistent cross-channel experience to stay competitive. Depending on factors like the competitive environment and industry dynamics, retailers will then prioritize overall investment and urgency of more advanced multichannel tactics, as well as integration of customer, order management, inventory, and product data. All of these investments in integration and the ability to layer on portal and BI tools for visibility will enable retailers to kick-start other next-generation applications like merchandise and supply chain optimization.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemMultichannel Retailing Comes Of Age

itemExecution Remains Just Out Of Reach For Most Retailers

itemOrganizational Hurdles Hinder Focus On The Customer Experience

itemMultichannel Innovation Battles Cost-Cutting Initiatives For Attention

itemHow To Define And Execute The Right Multichannel Strategy

item1. The Basics: Retail Organizations Need An Overhaul

item2. An Advanced Multichannel Strategy: Prioritize Investment

item3. Data Integration Enables Best-In-Class Customer Experiences

itemPeople And Process Must Support Technology Investments

WHAT It MEANS

itemMultichannel Investments Enable Next-Generation Retailing

itemSupplemental Material

Forrester interviewed 19 retailers and vendors, including Accenture, Best Buy, Circuit City, Lowe's, REI, and Sears. We also created an interactive tool to help retailers customize our recommendations: The tool factors in channel mix, product mix, demand variability, industry dynamics, and competitive environment to help retailers determine whether increased multichannel investment should be a low, medium, or high priority.

Related Research Documents

itemThe Interaction Platform

October 4, 2004, Trends

itemThe US Consumer 2004: Multichannel And In-Store Technology: Consumer Technographics® North America

September 20, 2004, Data Overview

itemMultichannel Retailing Best Practices

September 15, 2004, Best Practices

itemRetail Industry IT Governance And Spending

August 10, 2004, Trends

Find Documents In Related Categories

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Analyst: Carrie Johnson
Industry: Multichannel Retail, Retail
Geography: Asia Pacific, Europe, North America

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