Role of KPIs in building Winning Customer Experience with Breanna Moreno

August 26, 2024

 

Summary

In this episode, Breanna Moreno, VP of Customer Experience at True Classic, takes us behind the scenes of the brand’s retail expansion journey and breaks down their thoughtful approach to store placements. She highlights the pivotal role of KPIs in driving and refining customer experiences.

Furthermore, we delve into the synergy between physical stores and eCommerce, explaining how their strategic locations and flexible fulfillment options are boosting online sales and deepening customer connections.

Conversation Rundown

[ 11:40 - 13:10 ] How authenticity sets the customer experience apart at True Classic?
In retail, the essence of a brand's success often hinges on the product itself, and for True Classic, this means prioritizing simplicity, quality, and consistency. The brand focuses on delivering products that help customers look and feel their best, ensuring that this core promise is reflected across all touchpoints. Whether a customer shops in-store, on TikTok, or through their website, True Classic strives to provide a seamless and authentic experience that resonates with its values. This commitment extends to third-party platforms like Amazon, where the goal is to ensure that every interaction, from packaging to product delivery, embodies the True Classic experience. By maintaining a strong, consistent narrative and fostering a sense of community, True Classic differentiates itself from competitors, proving that a genuine connection with customers goes beyond mere transactions.

[ 14:32 - 18:59 ] Hitting the KPIs right to deliver the best customer experience.
Managing key performance indicators (KPIs) across various departments is essential for driving success and achieving strategic objectives. Each department—whether it's customer service, inventory management, or sales—monitors specific KPIs to evaluate performance and efficiency. For instance, metrics like Customer Satisfaction Score (CSAT) and Net Promoter Score (NPS) help assess the quality of customer interactions, while cost per ticket measures the efficiency of handling customer inquiries. By focusing on these indicators, retail teams can streamline operations, enhance customer experiences, and improve overall performance. High KPIs often reflect a well-integrated approach where departments collaborate seamlessly, leveraging data to continuously refine processes. This ongoing commitment to optimizing KPIs ensures that retail operations remain agile, responsive to market changes, and capable of sustaining growth and competitiveness.

[ 23:44 - 25:27 ] How physical stores are adding value to overall business?
The integration of physical retail locations with direct-to-consumer (DTC) channels has proven highly beneficial for True Classic, enhancing both community engagement and customer experience. Despite operating globally, many customers are surprised to discover the company's retail presence. However, this physical presence has fostered a stronger sense of community and provided valuable face-to-face interactions between associates and consumers. Retail teams on the ground offer crucial insights into customer preferences and product experiences, which can significantly influence the DTC space. By allowing customers to see, touch, and try products in-store, businesses have seen an increase in both in-store loyalty and online purchases. This synergy between physical and digital channels not only boosts overall sales but also enhances customer satisfaction by aligning with their preferred shopping methods and locations.

[ 27:37 - 29:06 ] How do stores enhance omnichannel retail experiences?
By integrating online and physical store options, businesses can create a seamless shopping journey, such as allowing customers to ship online purchases to a store. The focus should be on offering flexible, convenient options—whether through direct-to-consumer sites or expedited services like Amazon Prime. This approach ensures customers have easy access to your brand and a satisfying experience, reinforcing your commitment to helping them look and feel their best.

[ 30:15 - 31:35 ] Delivering convenient customer experiences in fashion retail across channels.
In today's digital landscape, where consumers are bombarded with ads and many sites may be dubious, earning trust is paramount. Businesses must go beyond mere expectations and actively work to build confidence with their customers. This involves offering assurance through reliable service and seamless integration across channels. While this approach adds complexity to backend operations, partnering with proficient tech providers and fostering a strong internal team can address these challenges. By monitoring product performance and adjusting inventory and site merchandising accordingly, companies can tailor their offerings to meet customer needs more effectively. The ultimate goal is to enhance convenience for the consumer, ensuring a trustworthy and user-friendly experience at every touchpoint.

[ 32:24 - 33:31 ] The customer experience journey doesn’t end on purchasing in retail.
Even when things go wrong—whether it's a delayed shipment, a damaged package, or a product that doesn’t fit—the customer experience doesn't end at the point of sale. Addressing these challenges effectively is crucial for building lasting trust and encouraging repeat business. While no one wants issues to arise, they are an inevitable part of the retail process. Thus, it's essential to view these situations as opportunities to reinforce customer loyalty. Offering convenient solutions, such as easy returns and clear communication, can transform potential setbacks into positive experiences. By focusing on the end-to-end journey and investing in post-purchase support, businesses can continue to enhance the customer experience long after the initial transaction, ensuring that customers feel valued and supported at every stage.

[ 35:34 - 39:39 ] How AI enriches CX in retail business along with human interaction?
AI offers significant benefits but requires careful implementation and ongoing management. It’s not a simple plug-and-play solution; rather, it demands investment and attention to adapt to evolving industry standards and business needs. For instance, AI can improve customer experience by providing accurate delivery estimates when carriers are unable to do so, thereby reducing customer anxiety about their shipments. Similarly, AI-driven chatbots can handle routine inquiries and efficiently escalate complex issues to human agents, enhancing overall customer support. While AI can drive efficiency and lower costs, it’s not a replacement for human interaction. Instead, it should be seen as a tool to work smarter, not harder, ensuring that human oversight and verification are integral parts of the process. By balancing AI’s capabilities with human involvement, businesses can enhance operational efficiency and deliver a better customer experience.

Meet the Experts

Breanna Moreno, the VP of Customer Experience at True Classic. With over 24 years of distinguished experience, Breanna is a true expert in customer service management, eCommerce, and brand experience. Her impressive career trajectory and leadership roles speaks volumes about her dedication and expertise.

Breanna’s profound impact on the industry is evident through her contributions to numerous webinars and podcasts, where she has shared her innovative strategies for enhancing customer retention and transforming customer support into a powerful profit driver. Her insights are not just valuable; they are transformative, setting new benchmarks for excellence in customer experience.

Retail Tips & Tweetables

Effective store placement starts with rigorous testing and strategic partnerships.

Customer experience should be at the forefront of your strategy, not just a side consideration.

The goal is to make the experience as convenient as possible for the consumer, whether they're shopping in-store or online.

Working smarter not harder in terms of technology allows one to be more efficient with one's time.

AI is not plug-and-play; it requires continuous input and training to be truly effective.

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