Fun Store Experiences Lead to Higher Revenues In UK

By
Staff Writer
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Fun Store Experiences Lead to Higher Revenues In UK

Ikea has reported nearly a 12% growth in sales and was ranked as the most fun store in the UK.

There is a link between revenue growth and how ‘fun’ consumers perceive an in-store shopping experience to be, according to a survey commissioned by digital signage consultancy, Saturn Visual Solutions, and carried out by OnePoll.

This identified which bricks and mortar stores UK consumers viewed as being the most ‘fun’. Eight out of the companies listed in the top ten have reported positive financial growth in their last (2023) audited accounts. Seven out of the top ten reported a turnover growth greater than 5%.

Saturn CEO, Chris Welsh, said, “The findings underline how vital it is for retailers to imbue a sense of fun in their bricks and mortar stores.”

“The more fun and inspiring retailers can make their stores and extend the time their customers want to spend in-store, the more profitable they’re likely to be. Ikea, for example, has reported nearly a 12% growth in sales and was ranked as the most fun store in the UK by our survey.”

According to the survey of 2,000 Brits, the top ten most fun stores are:

  1. Ikea
  2. LEGO
  3. TK Maxx
  4. Lush
  5. Build-a-Bear Workshop
  6. Apple Store
  7. HMV
  8. Marks & Spencer (M&S)
  9. Currys
  10. The Entertainer

Those in the top ten list have been known to use a variety of tactics to encourage customers to spend more time in-store and have more of an ‘experience’ rather than just undertaking a basic transaction.

These tactics range from simply having in-store experts available to speak to, and sampling/demonstrations, to in-store workshops, brand super-fan recognition schemes, and products available exclusively in-store.

Ikea topped the chart in all of the age groups, and with both females (26%), males (16%). Its stores have a range of in-store benefits ranging from showrooms and being physically able to handle the goods, to space planning experts and free supervised play areas.

Second on the list was LEGO, which was named by 15% of the respondents. It was significantly ahead of other toy stores, with the Build-a-Bear Workshops coming fifth (9%) and The Entertainer (7%), appearing lower down the table.

LEGO stores offer customised minifigures, exclusive in-store products, and even store ‘passport’ stamps to reward customers who shop in different branches of the store.

Ranked third, and the most fun clothing/accessories store in the list, was TK Maxx, with 10% of respondents enjoying its constantly changing selections of reduced price brand name and designer products. It was equally as popular with males (10%) and females (10%). M&S was the second highest ranking clothing and accessories store, finishing eighth (8%).

Lush featured fourth in the list and was by far the most popular cosmetics store (9%), with both Boots and Body Shop named by just 5% of respondents. Its stores offer product sampling, in-store parties, consultations, and in some stores even spa treatment.

Apple was the highest ranked electrical goods store (9%) and sixth in the table overall, having been favoured by younger people (11% of under 34-year-olds).

The stores offer, among other things, device customisation, on-site experts and workshops to help customers make better use of its products’ features. Currys was ranked ninth, three places below the Apple Store (8%), and was most highly rated by the over 65s (15%).

HMV appeared at number seven (9%), despite having fallen into administration twice.

According to the research, 22% of respondents felt that modern stores, which incorporate interactive displays and product-focused video screens were more fun. Fifty-six per cent said that they would consider a fun experience to be one that is visually interesting.

Welsh added,: “The longer customers spend in a store having fun, the more of a long-term connection and affection they forge with that brand. There are many brick and mortar stores that offer in-store only services and products but they aren’t made obvious enough to customers.”

“This is where digital signage can be invaluable to in-store retail, as a single display can be used to draw attention to any and all of the benefits of the in-store experience, whilst also showing inspiring visuals and highlighting promotions.”

“If touchscreen displays are used, they can also be used to make the in-store experience more interactive, allowing customers to learn about products, the company, services available in-store, book consultations with product experts on site, and even play games.”