FINAL Belk Innovation Report FTM320
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Transcript of FINAL Belk Innovation Report FTM320
North Carolina State University
Belk Innovation Challenge
Modern. Southern. Student.
Retail Merchandising in Fashion and Textiles
Ade Echeverri, Ellen Dulweber,
Lizzy Goudreau, Morgan Shelton, And Payton Hardee
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Executive Summary
The purpose of this research paper, and creating the In-Store event at Belk was to
determine how Belk might develop and execute marketing strategies to target new
consumers, especially how to engage and retain a Millennial consumer. The main goals
were to rise above the competition, create profit, and leave consumers wanting more and
feeling content with purchases.
Our insights resulted by conducting primary research, secondary research, and the
findings and conclusions after the In-Store event. The primary research was conducted
through a simple survey directed to the target consumer, college-age students ages 17-26.
The secondary research was done through journals, books, and other informational
sources that provided a deep understanding of Belk’s history, financials, and successes;
this aided the construction and planning of the event. After gaining all of this knowledge
from the research, it was concluded what would be appropriate to create as a successful
In-Store event.
The Belk Innovation Challenge peaked at the In-Store event, which allowed for
interaction with Belk customers. With a budget of $1000 the In-Store event went live on
social media, the Product Merchandising and Store Layout team provided looks on
mannequins, print media constructed a cohesive Look Book, food was provided, and
creative details pulled it all together. Due to the success of social media and
#BelkGoesRed, the In-Store event was able to attract over 560 interactions with valuable
Belk customers.
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In conclusion, the Belk Innovation Challenge led to outstanding research and
increased awareness of Belk throughout our campus and for local customers. Future
recommendations include forms of instant gratification, such as prizes and raffles, for
college-age consumers. Another recommendation is providing more intricate mannequin
displays of merchandise directly targeted to college-age consumers in order for these
consumers to visually see how different brands can be worn and become great additions
to their existing wardrobes.
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Introduction
The purpose of the paper is to inform the reader on all necessary information,
which will allow him to gain full insight into all steps of this challenge. This information
includes primary research, secondary research, information gained from the survey, and
the groups’ thoughts and conclusions gathered from the in-store event. The purpose of the
challenge can be broken down into three main points: (1) to understand Belk’s
positioning in the industry and to determine how Belk compares with its competition
within that retail sector, (2) to research how Belk and its target consumers are impacted
by industry trends such as fiber, textile, apparel, retail, marketing and advertising, and
lastly (3) to determine how Belk may develop and execute marketing strategies to target
new consumers, especially how to engage and retain a new consumer—the college-age
consumer.
Background
William Henry Belk was born in 1862 in Lancaster, South Carolina (North
Carolina Business Hall of Fame, 1988). He spent most of his childhood attending school
and working as a sales clerk at a small convenience store. By 1888 the entrepreneur was
ready to open his own business. On May 29, 1888, William Henry Belk opened what
many called ‘the cheapest store on Earth,’ the “New York Racket.” His business brought
rapid success and lead to the creation of what was soon to become the largest privately
owned department store (Belk Inc.). This vast success encouraged William to invite his
brother, Dr. John M. Belk to join him in business. They became partners in 1891 (North
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Carolina Business Hall of Fame, 1988). As they began to expand, they created their
second and third store in South Carolina, followed by a fourth in Charlotte, North
Carolina (North Carolina Business Hall of Fame, 1988). In September 1895, the
Charlotte location was introduced to the world as the Belk’s Brothers Company (North
Carolina Business Hall of Fame, 1988). Between 1895 and today, Belk has grown as a
company and developed immense brand equity. This growth and recognition has granted
Belk with tremendous success and an army of loyal customers. Belk’s ability to provide a
variety of brands has allowed the retailer to develop a wide range of consumers. The
partnership between these two prosperous brothers lead to an immense expansion, which
has grown to over 300 stores today located across 16 southern states (Belk Inc.).
Belk headquarters are located in Charlotte, North Carolina. The Belk headquarters
offer different career opportunities among many areas. These areas include product
development, e-Commerce, sales promotion/advertising, visual merchandising,
finance/accounting, information technology, human resources, and real estate/store
planning (Belk Inc.).
Belk is currently in the third generation of family leadership, which has provided
the company with a fundamental foundation and strong growth. The current Chairman
and CEO is Thomas M. Belk Jr., Kathryn Bufano is the current President and Chief
Merchandising officer, and John R. Belk is the current President and Chief Operating
Officer (Belk Inc.). The company’s organizational structure at a local level includes a
defined chain of command consisting of a Store Manager, Assistant Store Manager, Sales
Team Manager, Sales Operation Managers, and Sales Support Associates (Belk Inc.).
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These positions help carry out Belk’s mission statement providing customers with
excellent customer service and assistance.
Belk has created clear and strong vision and mission statements. The retailer has
strict values in which it has instilled in its company and employees. Belk hopes to create
a strong community of customers that find a strong meaning in its mission, values, and
vision. Company values include being the best at what they do, to be proud of our rich
heritage, be involved in our communities, and be relentless with customer care (Belk
Inc.). Belk’s vision statement is, “to satisfy the modern southern lifestyle like no one else,
so that our customers get the fashion they desire and the value they deserve” (Belk Inc.).
Belk’s mission statement is complimented by the vision statement, which says, “for the
modern southern woman to count on Belk first. “For her, for her family, for life” (Belk
Inc.). Belk’s mission and vision statement create a sense of charm in the desired southern
lifestyle amongst women and provide great customer service executed with quality
products. Contrastingly, Belk falls short in some areas of relativity to the younger
consumer and recognizes a need for change.
New Imaging
“In 2010 Belk launched a fresh new logo and tagline, firmly establishing Belk as
the destination for ‘Modern. Southern. Style.’ (Belk Inc.)” This new look has given Belk
a new modern style that hopefully appealed to its existing customers and bring in new
customers. Furthermore, this change displays Belk’s willingness to keep up with the
modern fast pace society and reach out to the younger demographics.
Current Target Consumer Market
Belk’s current target consumer market includes its main customer, which is
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typically a middle age woman with a middle/upper income. These women have
developed brand loyalty and more than likely their mothers shop at Belk as well. This
target market prefers Belk due to its ability to provide lifestyle brands that provide any
product needed in a home.
Currently Belk is on its way to expand its target market to the college-age
consumer. These consumers are known as the Millennial’s, or Generation
Y. Millennial’s are between the ages of 18 and 30. This group is the most diverse
generation thus far. Millennial’s are the most technologically inclined generation and 90
percent of them use the Internet occasionally, compared to 79 percent of boomers. Social
Media contributes to the Millennial’s friend base, which is significantly higher than that
of other generations. Millennial’s are greatly affected by the opinions of their friends
when it comes to shopping decisions. Millennial’s tend to be extremely brand loyal, but
will give up their brand loyalty if a coupon, reward, or deal is available at a competing
brand. The college-age consumer is attracted to vibrant, energetic shopping environments
that show individuality; this appeals the most to them. Window displays, good music, and
décor are a few key attributes that are noticed by this generation. Pleasing and having the
attention of these consumers is the key to success at this time.
Financials
The following chart represents Belk’s major expenses over the last four years
(January 2010-February 2013). Total revenues have steadily increased as have gross
profit and operating income. Interest expense and merger charges have contrastingly
steadily decreased which makes for more cash flow. The balance sheet shows a mostly
positive four-year trend represented by the green bars, with only a few areas in the
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negative represented by the red bars. All indicate successful fiscal years for Belk and can
presumably be accountable for potential company success. (Please refer to the below
chart for visual representation).
Table 1
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SWOT Analyses
Belk is a very diverse company; therefore it has a number of competitors. These
researchers chose to compare three of the retailer’s major competitors: Nordstrom,
Macy’s, and Target. A SWOT analyses was composed for all three companies.
SWOT Analyses
Nordstrom SWOT Analysis
Strengths: -Quality merchandise -Loyal customer base -Brand knowledge -Great customer service
Weaknesses: -Higher price points -Limited locations -High debt burden
Opportunities: -New technology -New services -International expansion
Threats: -Weak economy -More reasonably priced department stores -Online shopping sites.
Macy’s SWOT Analysis
Strengths: -Strong management -Brand variety -Promotional sales -Loyal customer base
Weaknesses: -No foreign market -Store image -Annual revenue growth rate low -Not diversified
Opportunities: -Broaden online shopping -Emerging markets -Retail innovation
Threats: -Discount stores -Increased minimum wages
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Target SWOT Analysis
Strengths: -Active social media -Brand name -Variety of merchandise -Large customer base
Weaknesses: -Not diversified enough -Food margins lower than general merchandise -Brand and store priced relatively the same -Product recalls
Opportunities: -Global expansion -Private label growth -Demand for organic food
Threats: -Growth of second hand apparel stores -Changing demographics -Credit card business with financial economic turmoil
Current Competitors of Belk
The evidence about Nordstrom, Macy’s, and Target provided in the SWOT
analysis can be utilized to generate original ideas, methods, and technologies to
distinguish Belk from its competitors. Those three companies are seen as Belk’s largest
competitors; not only because they are similar in business structure and products but also
mainly in the customers they share. Belk, Nordstrom, Macy’s and Target all have very
comparable target markets. They appeal to men and women seeking a quality product, an
easy shop, or lifestyle brand products. Now that Belk is trying to reach out to the college-
age consumer retailers must identify a new line of competitors that greatly appeal to the
college-age consumer. These retailers can include: Target, Forever 21, H&M, and
specialty stores such as local boutiques. Although retailers such as Forever 21 and H&M
may be in a different channel of distribution as compared to Belk, they are two of the
most popular retailers amongst college-age consumers.
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Marketing Techniques Presently Utilized
Rebranding occurred in the fall of fiscal year 2011 to establish a modern new look
for Belk and in the past two years the response has been very positive from emails and
calls to posts on the company’s Facebook page. The brand continued to build its image in
the past year through increased advertising that included high impact television
commercials and direct mail advertising that reflected the brand image and
communicated the latest and best fashion and values offered in the Belk stores. The
advertising mix increased the company’s use of web advertising and social media
campaigns by vamping up their Facebook page, twitter account, blog and even creating a
Pinterest account to engage the consumers deeper in the brand thus attracting them to
shop in Belk stores.
A major highlight in Belk’s marketing brand efforts was its sponsorship back in
2011 at the Bank of America Stadium in Charlotte of the college bowl game between
North Carolina State University and University of Louisville. This event was televised
nationally on ESPN in December and more than 58,000 fans attended the event. On game
day Belk’s website sales were up 92% in states outside of the usual footprint account for
22% of total eCommerce sales versus an average of 10%. This got the company exposure
to a large group of its target market, southerners and Generation Z and Y who all watched
or followed the game.
The company continues to enhance its new brand image through these strong
advertisements and sponsorships, keeping everything modern and engaging which will
help to continue increase in brand awareness and growth.
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Industry Factors
As society begins to become more and more dependent on social media it is
crucial for Belk to keep up with new trends and technologies, such as social media, in
order to remain connected as the retailer expands efforts to target the College-Age
consumer. Keeping up with social media trends that college-age consumers are hooked
on is seen as the most important factor that can impact Belk. Other industry factors that
Belk might face that can impact the company and the College-Age consumer are: online
vs. brick-and-mortar, brand loyalty, and shopping trends. By becoming experts in how to
manage all of these factors in a successful way Belk can easily overcome its competitors
are they fight for the College-Age consumers.
Target Consumer
To define the “college-age consumer”, we look to the generation known as the
Millennials, or Generation Y. Anyone between the ages of 18 and 30 are considered to
be a Millennial. Millennials differ from other generations in many ways. Millennials are
the most diverse generation thus far, with 39 percent classified in the minority category.
This category contains 14 percent African American, 20 percent Hispanic, and 5 percent
Asian American. (Pewsocialtrend.org/millennials) They are the most technologically
inclined generation and 90 percent of them use the Internet occasionally, compared to 79
percent of Boomers. Social Media contributes to the Millennial’s friend base, which is
significantly higher than that of other generations. Generation Y is said to seek out a
broader range of activities, and have a global view of travel. As far as education,
Generation Y is more highly educated than generations before, where 54 percent have
some college education compared to 36 percent of baby boomers. (Pewresearch.org)
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From a political stance, Millennials are considered to be more liberal than others. This
generation places a significant amount of importance on status and success. Millennials
tend to be extremely loyal to a brand, but will stray if in possession of a coupon or reward
of a competing brand. Some will switch brands to save money, but pay a little extra if it
is towards a good cause. (Amazon.com/AmericanMillennials) The college-age consumer
is attracted to vibrant, energetic shopping environments. Window displays, good music,
and décor are very important in grabbing thisgeneration’s attention. There are many
more marketing methods to reach this generation because of the impact of social media
interaction. Marketing to the Millennials is on a broad spectrum and is becoming easier
to obtain. This generation is engaged and ready for a competitive market to emerge.
Survey
A survey was conducted in order to collect some primary data on the wants and
needs of the Millennial consumer. Specifically, we wanted to gather information about
product merchandising and store layout as it pertains to the college age customer. A copy
of the formatted survey can be located in the Appendix. This survey template should be
referenced in regards to understanding research findings and conclusions.
Summary of Survey Findings
The purpose of this survey was two-fold: 1) to collect information from college-
age students in order to understand the college-age consumers’ preference regarding
retail store image and product layout; and 2) to specifically find out about Belk Inc. store
image and merchandise presentation as it pertains to attracting and retaining the college-
age consumer as a loyal customer. Our target population for the survey was the 17 to 26
year old enrolled in a college or university. Therefore eligibility criteria for this survey
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included individuals between the ages of 17 and 26 who were currently enrolled as a
student. In addition, to be included as a respondent, participants were required to answer
at least half of the survey questions.
The most important point to be gathered from this survey is that aesthetics,
especially of the products themselves, are very important to the college-age consumer
when shopping. Organization of products and placement of merchandise were found to
be of high value followed by décor, lighting, and store entrance. Because merchandise
itself was repeatedly ranked as ‘very important’, it was crucial that clothing displays at
the event be not only visually appealing, but positioned in an easy-to-navigate manner as
well. Navigation was also important because store directories were commonly ranked low
on the scale of importance. The Millennial shopper was found to prefer a logical
arrangement of merchandise to eliminate the need for a written directory.
Another feature of common high importance was the use of mannequins for
product ensembles. 88 percent of the respondents answered positively about being
attracted to specially designed ensembles and product displays. When asked to explain,
text box answers included outfits for inspiration, matching ideas, or staying up-to-date on
new fashion trends. This was taken into heavy consideration in the planning of the in-
store event. At each station of the event, one male and one female mannequin were
dressed in corresponding styles. Each outfit not only showcased Belk merchandise, but
the clothing was chosen according to current market trends. The outfits were selected to
represent the four aspects of a college student’s life; the everyday, the pride, the
workplace, and the weekend. Survey results also showed a preference in the potential of
having a section in the store for special occasions rather than a section for college
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specific apparel. This was taken into consideration as the mannequins were not only
separated by occasion, but also modeling clothes that could be versatile. The mannequins
were relatively tall and placed on either sides of the front entryway in order to stand out
to those passing by.
Overall, the survey provided useful feedback on targeting the Millennial
consumer. According to the responses, product layout was found to be most important
followed by overall store aesthetics. Easy navigation and merchandise organization was
heavily emphasized as the event was arranged. Mannequins were dressed according to
current trends and placed according to their occasion. Taking the survey responses into
consideration as the event was executed contributed to its success and the return of
Millennials to Belk in the future.
Summary of In-Store Campaign
The In-Store event was held at the Belk at Crabtree Valley mall in Raleigh to
promote Belk’s store and products to the college age consumer. The event was located in
front of the store’s entrance to the mall on the main level with multiple tables set up
around the entrance. The event consisted of 13 raffles and four different activities in
which college-age mall goers could participate. Additionally there were mannequins
dressed in stylish outfits a college age male or female might wear to help inspire looks for
the consumer.
The event was divided into four different categories titled “The Pride”, “The
Workplace”, “The Weekend” and “The Everyday” where each activity and mannequin
supported the category. The activities included a demonstration and practice of how to tie
a bowtie, a chalkboard and photograph to write how Belk inspires you, a meet and great
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with NC State cheerleaders and a Dj for listening to the most current music. There was
also food at the tailgating table and candy on each table for participants to eat, along with
style guides in order to inspire the college consumer to create a complete wardrobe at
Belk.
Due to the results found in our survey and other research conducted these
researchers set up the merchandise and product layout in a specific way that was most
attractive to the target audience. The survey question, “When shopping, are you likely to
be attracted to ensembles on mannequins or product displays as inspiration” and 68%
answered yes to mannequin displays; one even said, “It helps to imagine what it will look
like”. These results influenced the selection of outfits for each themed mannequin.
Also when asked which form of in-store merchandise presentation is most
appealing to you, almost 70% responded saying a themed cluster of mannequins was their
favorite; therefore, two mannequins were grouped together by theme: “The Pride”, “The
Workplace”, “The Everyday”, and “The Weekend”. to further appeal to college age
consumers. The mannequins were all close together in the event to appear as a large
cluster of mannequins that would draw in the participants. Each mannequin was dressed
in merchandise from Belk, with a wide range in prices and brands from through out the
store. Because Millennial consumers value affordability, some outfits incorporated
simple pieces from the Junior Department to make the look less expensive. On the
contrary, Millennials are willing to splurge on a big item if it is special enough. To adhere
to this some higher end designer items were used to tie in the whole outfit and to appeal
to the consumer in expectation of trend and style recognition.
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In the survey participants answered that special occasion and college event
clothing were the sections they would be most interested in at Belk so when pulling looks
for these sections “The Pride” and “The Weekend” there was extra thought put into how
the mannequins were presented. The outfits were selected from sections that would have
the best merchandise in that category; so if asked by participants where a specific item on
the mannequin was located, the consumer would also be able to see all the other products
that could potentially be worn in the same occasion. College apparel with logos was not
very popular in the survey results so we steered clear of dressing the mannequins in these
shirts or looks. Overall aesthetics are very important to the consumer when shopping so
outfits on the male and female mannequin were coordinated as a pair. The essential goal
is to appeal to the college age consumer’s imagination.
Key Findings
Through execution of the Belk Innovation Challenge In-Store Event, students
involved were able to view a college marketing project implemented within an actual
business setting. The most profound and seemingly obvious observation from the
attendance of the event is that the Millennial generation is apathetic and not inclined to
go out of their way unless the results are strongly in their own favor. For example, at the
event promised giveaways, such as a gift card to Belk or a local restaurant, a bow tie, a
pair of boots of the winner’s selection, or a set of jewelry were not enough to engage the
college students at North Carolina State University outside of the realm of the College of
Textiles. Although, a large number of participants and a nearly flawless execution of the
in-store event was staged, it was evident that majority of the “Millennials” in attendance
were supporting friends or fellow classmates. Millennials expect instant gratification;
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they expect everything to come from their doing nothing. Tragic as that may be, the mere
chance of winning a few raffle prizes after having trekked five miles to the mall leaves to
large a change that a college student walks away empty handed, therefore, deterring them
from attending at all.
Surprising Insights
With large efforts in publicity and spreading word to every outlet possible, the in-
store group had high hopes for the Millennial attendance for the Belk Innovation
Challenge. While disappointing, lower college attendance was not too surprising
considering the generational research conducted prior to the event. However, it was
refreshingly surprising the amount of shoppers that stopped to participate in our bow-
tying tutorial, to taste our food at “the Pride” tailgating booth, and to take pictures in front
of the backdrop with a chalkboard expressing their style. Participants ranged from teens
in high school to the college-age consumer..
Recommendations for Future Execution of Strategy
The Millennial generation is one that expects instant gratification. So while
raffles are a great way to give away prizes sometimes they do not allow for the college
consumer to walk away with something in hand. Perhaps if Belk was to work with the
Benefit make-up counter again the company could create a “baggie” of multiple products
or samples. Prizes to the first fifty students with their college ID could be a way to
provide urgency and a little competition to the event. While free food was a great way to
attract people, a partnership with a local restaurant to give away meal coupons would an
incentive to the struggling Millennial. There is not much more that a college student
wants than a free chicken sandwich from Chick-fil-a. One of the top prizes of the in-
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store event raffle was a pair of tickets to the North Carolina State University vs. East
Carolina University football game. This prize should definitely be implemented again
with heavy emphasis. Finally, more mannequins should be used to showcase each
college look. There were four major looks put together by our specific group, the
merchandising and store layout team. It was planned originally to dress three female
mannequins and two male mannequins for each look. In addition, if Belk provided those
students with a college ID a discount on the clothes each mannequin is dressed in, we
believe that participation would largely increase.
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Appendix
The primary research results gave us good amounts of incite on how the college
age consumer responds to Belk currently and merchandising techniques they prefer.
Survey Findings for each survey were finalized by using a template. By using a template,
groups could then merge their findings into one report, if so desired. Groups could also
compare findings across individual reports. Four sections were required in the report:
Introduction, Methods, Results, and Discussion, all of which are standard sections in
reporting findings from survey research and marketing.
Introduction
The purpose of this survey was two-fold: 1) to collect information from college-
age students in order to understand the college-age consumers’ preference regarding
retail store image and product layout; and 2) to specifically find out about Belk Inc. store
image and merchandise presentation as it pertains to attracting and retaining the college-
age consumer as a loyal customer.
Methods
Our target population for the survey was the 17 to 26 year old enrolled in a
college or university. Therefore eligibility criteria for this survey included individuals
between the ages of 17 and 26 who were currently enrolled as a student. In addition, to
be included as a respondent, participants were required to answer at least half of the
survey questions.
An electronic survey was developed online, using Constant Contact® software.
Facebook and email were used to distribute the survey. The survey link was posted in
private group messages that were sent out to friends. Facebook was also used in order to
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post the link on different walls, such as sorority groups. Since project group members
were acquainted only from the class, this situation made for distribution to a wide range
of individuals. The survey was released online after a thorough review and pretest by
peers. Respondents were expected to anonymously respond online within a ten-day
period during the fall 2013. The software package, Constant Contact® screened for
respondents who did not meet the criteria, with the intent that these surveys would not be
included in the project findings.
The survey was composed of 12 different questions, initially focusing on
consumer preference for retail store layout and merchandise presentation, and then
specifically focusing on Belk. The survey included questions with multiple choice with
one response; multiple choice with multiple responses; Liker-type rating scales for
multiple items; and ranking items numerically in order of importance or desirability. The
questions were framed to respond to the main goal of gaining knowledge regarding what
specifically draws college-age customers to the retail store for in-store events.
Results
Seventy-five individuals responded to the survey. Using the eligibility criteria of
age (17 to 26 years) and college or university enrollment, one respondent was deemed
ineligible because of age. Only one person was between the ages of 27 and 30 and not in
college, meaning they did not fit the criteria. In addition, sixteen respondents failed to
complete half of the survey and their surveys were discarded, leaving a total of 58
college-age consumers as the study sample (N=58). The sample was comprised of 54
(93%) females and four (7%) respondents did not answer.
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After establishing a profile of our college-age consumer as women, ages 17 to 21,
enrolled in a college or university, the survey turned to their preferences about store
characteristics. They were asked
“Which of the following store characteristics are most important to you?” Respondents
were asked about eight characteristics for which they were to rate each of the
characteristics on a scale of 1 = ‘Not At All Important’ to 5 = ‘Very Important.’ They
were instructed to rate all of the items. After respondents rated each item, the items were
ranked into a rating score. The rating score was the weighted average calculated by
dividing the sum of all weighted ratings by the number of total responses. The items are
presented in descending order of importance, with the ranking and the number of
participants responding. The participants chose Organization of Product (4.7, n =58) as
‘Very important.’ Window Displays (4.3, n=58), Décor (4.3, n=58) and Lighting (4.2
n=58) were positioned near ‘Somewhat Important.’ Approaching ‘Somewhat Important’
from the other end of the continuum were Store Entrance (3.7, n=58) and Signage (3.5,
n=58). The fifth question stated, “When looking at merchandise in a retail store, which
of the following is most important to you?” Only Store Directory (3.3, n=58) and Seating
(n=3.1, n=58) approached the rating of ‘Neither Unimportant Nor Important.’
The survey also queried respondents about merchandise, asking, “When looking
at merchandise in a retail store, which of the following is most important to you?” The
same Likert-type scale was used however; only four ratings were used in the rating and
ranking process. 1= ‘Unimportant or Unnoticeable;’ 2= ‘Somewhat Unimportant;’ 3=
‘Somewhat Important’ and 4 = ‘Very Important or Noticeable.’ They were also asked to
rate only four items in this question (See Chart Below). As in the question above, all 58-
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survey participants responded. ‘Placement of merchandise in the department’ received a
ranking of 3.1 and Color organization of merchandise’ both approached ‘Somewhat
Important or Noticeable.’ A section in the store for college-age students received a 2.2
and mannequin characteristics received a 1.9, each approaching a 2 = ‘Somewhat
Important or Unnoticeable.’
Continuing to explore college-age consumers’ views on retail store image and
product layout, respondents were asked if they were likely to be attracted to ensembles on
mannequins or product displays as inspiration to them. They were also asked to comment
either why or why not. Fifty-eight respondents answered these questions. Fifty-one
(88%) responded ‘Yes.’ Comments were mostly positive about mannequins and followed
three themes: 1) inspiration/imagination; 2) matching pieces together; 3) styles and
trends.
Another more in-depth question also asked about merchandise presentation and
which was most appealing to the respondent: digital slide show, hanging signs, or themed
cluster of mannequins. Thirty-seven (65%) of the 57 respondents answered that the
themed cluster of mannequins was the most appealing.
Finally, college-age consumers were asked ‘Which of the following aspects of
store presentation would most deter you from successfully locating the desired product?’
Respondents were asked about five aspects; cluttered fixtures with excess merchandise;
loud music; lack of sales associates; too much merchandise; and too little merchandise.
They were instructed to rate each of the aspects on a scale of 1 = ‘Least Desirable’ to 5 =
‘Most Desirable.’ They were instructed to rate all of the items. After respondents rated
each item, the items were ranked into a rating score. The rating score was the weighted
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average calculated by dividing the sum of all weighted ratings by the number of total
responses. The items are presented in descending order of desirability, with the ranking
and the number of participants responding.
After asking several general questions about their preferences regarding retail
store image and product, the survey transitioned into questions specifically about Belk
Inc., a leading retailer in the southeast. Respondents were asked if they were familiar
with Belk and 57 college-age consumers responded affirmatively that they were familiar
with this retailer. The next question asked respondents to comment on what they found
most attractive about Belk. All 58 (N=100%) responded and were asked to select the one
characteristic they found most attractive. Approximately 27 (47%) college-age consumers
overwhelmingly mentioned product layout. Another 17% (n=10) specifically mentioned
merchandise presentation. Following up with the question above, they asked “If you were
shopping at Belk, what would make your in-store shopping experience more enjoyable?’
(See Chart below.)
If you were shopping at Belk, what would make your in-store
shopping experience more enjoyable? Select all that apply.
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Answer Number of Responses
Response Ratio
Adequate Mirrors in Dressing Rooms
30 59%
Large dressing rooms 29 57%
Comfortable Seating 22 43%
Music 21 41% Refreshments 14 27% Shopping cart/bag 9 18%
Other (View all) 2 4%
. “If you were shopping at Belk, what would make your in-store shopping
experience more enjoyable?” The most common response was adequate mirrors in
dressing rooms followed by large dressing rooms, comfortable seating, music,
refreshments, shopping cart, and lastly, other. The “other” included two text box
responses: more attractive decor and a sales associate willing to put outfits together.
The last question of the survey asked How interested would you be in a section of
clothing at a Belk store specifically for the following: college events, apparel in school
colors/logo, special occasions, and other. "Special occasions" was the most popular
response with 65% (n=33 of 51 respondents) followed closely by college events (60%)
and lastly, apparel in college colors/logo (57%). The one response in “other” was shoes.
Discussion
The most important point that can be gathered from this survey is that aesthetics
are very important to the college-age consumer when shopping. Most participants
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answered in favor of color organization and neat product or merchandise layout. It
appears that creating a section of clothing catered specifically to the college age student
was not as important as had been anticipated.
A high percentage of respondents claimed that they looked at the outfits on the
mannequins for inspiration. One person in particular commented that it was a great way
to see what a clothing item would look like when put on rather than just hanging on a
fixture. Another interesting discovery was that survey respondents did not rate store
directories as having ‘high importance.’
The Constant Contact® program was a great way to gather our data without
error. Having now had experience with the software, the group anticipates a stronger
survey if given the opportunity to conduct a survey again. A potential opportunity for our
group would be to reach the student body on a larger scale, rather than just to the students
that we know and are accessible to. All in all, the gathered results were about what was
expected. They will come to great use in the execution of our Belk event.
The tools that were used in conducting our primary research were a survey we
created and sent out to be taken by friends. There were many different kinds of question
on the survey, which helped get a range of information from participants. Articles written
on Millennial consumers were also used as secondary research information giving us less
specific but still useful insight. In order to implement this idea in the future Belk may
have to work with a few outside companies just as we did to create this event. The food at
the event was a huge success so Belk may have to work with a catering company or
restaurant such as Biscuitville; a very popular restaurant used for tailgating food. They
can be contacted by phone at the closest location to the specific store. Other companies
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Belk may need to work with are ones that can make signs or poster to be used at the
event, preferably ones they are already doing business with that make their usual signage.
A photographer will also need to be contacted to take pictures with athletes and the
inspirational chalkboard. Overall it is a very easy event to conduct in which Belk
provided most of the materials and is cheap to implement.
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Works Cited
Belk Inc. (n.d.). Retrieved from http://www.belk.com/AST/Misc/Belk_Stores/About_Us/History.jsp Belk Inc. (n.d.). Retrieved from
http://www.belk.com/AST/Misc/Belk_Stores/About_Us/Who_We_Are/Mission_V ision_Values.jsp
Belk Inc. (n.d.). Retrieved from http://www.belk.com/careers/corporate.html North Carolina Business Hall of Fame (1988). William henry belk . Retrieved from http://www.historync.org/laureate - William H Belk.htm Belk, Inc. (n.d.). Retrieved from belk blog website: http://belkblog.com/ Belk, Inc. (n.d.). Retrieved from belk facebook page website: https://www.facebook.com/Belk Belk, Inc. (n.d.). Retrieved from Belk website: https://twitter.com/belk Belk, Inc. (n.d.). My belk. Retrieved from Pinterest website: http://pinterest.com/mybelk/ "Company Profile Belk, Inc." Marketline (2012): 1-7. Web. 03 Sept. 2013. <http://web.ebscohost.com/bsi/pdfviewer/pdfviewer?sid=757de50f-f719-40e7-b48f-07a5e947804e%40sessionmgr4&vid=14&hid=25>. Belk, Inc.. "FY 2012 Annual Report." (2012): 1-3. Web. 03 Sept. 2013. <http://www.belk.com/media/pdf/AboutUs/CorporateInformation/BelkInc.FY12AnnualReport.pdf>. Fromm, J. (2011). American millennials: Deciphering the enigma generation. Retrieved from http://barkley.s3.amazonaws.com/barkleyus/AmericanMillennials.pdf Advocates for Youth. (2012). [Web log message]. Retrieved fromhttp://www.advocatesforyouth.org/millennials Nordstrom's swot analysis. (2012). Retrieved fromhttp://www.wikiwealth.com/swot-analysis:nordstrom-s
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