More and more retailers are abandoning market research initiatives that measure and grade the customer experience.
Simultaneously, retail sales continue to plummet. Is there a correlation? Of course there is.
While it is easy, and in many cases correct to blame the economy, in this situation, retailers have to fight harder and harder to attract and maintain customers.
Sadly, there is a trend among some retailers to use DIY (Do It Yourself) survey tools. As I have written before, the “tool” is not necessarily the problem, it is the survey itself.
Would you ask your brother the real estate mogul to perform your heart bypass surgery? Of course not! Then why would you demand that your marketing department become market research professionals with no formal training or experience. After all, we are talking about your financial bottom line here.
If you do not take the time to properly listen to your customers, why should they purchase goods from you?