What Do Consumers Want From US Pharmacies?

How do customers want their experiences to be managed within pharmacies…

How do customers want their experiences to be managed within pharmacies…

Consumers earning between $100 and $300k where the most likely to want store hosts with tablets. Those earning between $50 and $100k are the most likely to want contactless curbside collection and in-person appointments.

Female consumers were slightly more interested in each solution than male consumers, suggesting that pharmacies targeting female consumers should consider investing in these solutions.

When asked why customers would find virtual wait line systems and appointment booking software useful within retail stores during the pandemic, it was clear that most customers felt the solutions could alleviate their health concerns, alongside their concerns around wasted time, poor weather conditions, lack of information and fair process.

What impact would using these solutions have on pharmacies customer spend, advocacy and loyalty?

The survey responses also indicate that pharmacies who use any of these five solutions to choreograph their customers’ experience stand to gain significantly through improved revenues and brand relationships across channels.

The solutions would positively impact consumers’ interactions with retailers in one or more of the following ways:

• 46% would be more likely to buy something in-store and 47% would also be more likely to shop with the retailer online – indicating that using digital tools to choreograph their customer experience will enable any retailer to increase their overall omni-channel revenues with up to half of customers engaging with these services.
• 50% would be more likely to visit the retailer in the first place – showing all the solutions can help retailers to drive and retain store foot traffic.
• 53% would be more likely to return again and 51% would be more likely to tell their friends about the retailer – indicating that all the solutions can help retailers to improve customer loyalty and advocacy amongst more than half of their customers to ultimately attract more customers to their brand.
• 54% would feel safer and happier and 54% would think better of the retailer – demonstrating that all the solutions can help brands to improve their relationships and relevance amongst customers.
• 48% would be more likely to choose the retailer over their competitors – demonstrating that Retail Choreography solutions can hugely help brands to improve their brand relevance and to win out against competitors.

The survey insights showed the powerful business case benefits for Retail Choreography tools within pharmacies

Our survey found that customers are more likely to find Retail Choreography tools useful within pharmacies.

All this confirms what we all instinctively know to be true – customers want retailers to use digital tools to improve their experience, and they will be driven to spend more and to engage more across a retailer’s entire omni-channel offering in return.

The significantly greater interest in Retail Choreography tools suggests they may have wanted these kinds of tools all along and that Covid-19 will prove to be a catalyst for a new era of omni-channel retailing as retailers realize the powerful business case benefits behind offering such tools.

To further add to the business case benefit of using Retail Choreography solutions within pharmacies and the conclusion that Covid will prove to be a catalyst for a new era of omni-channel retailing where lines are eliminated and in-store or virtual appointments and curbside pickup become the norm.

Overall, our survey shows that a long wait time is more likely to deter consumers, especially younger consumers and those from higher household income groups, from visiting stores or returning in the future. To combat this, the insights show that Retail Choreography tools offer a powerful antidote, as these same demographics are also the most likely to be driven to purchase in-store and online across a retailer’s channels, and the most likely to return again as a result of a retailer’s use of digital tools to choreograph their experience.

How long customers are prepared to wait for service within pharmacies…

When asked how long customers are willing to wait in pharmacies we found that:

13% of consumers will only tolerate a wait of up to 3 minutes. 20% will wait between 3-7 minutes and 21% will be willing to wait between 8 and 10 minutes. In total, this means that more than half of pharmacies (54%) will only wait up to 10 minutes for service.

These insights demonstrate that the wait time does not need to be long before significant revenues can be lost.

Interestingly, despite being more likely to walkout without buying anything and less likely to return to the store if they are forced to wait, Millennial and GenZ customers have a higher mean wait time threshold than older generations when it comes to waiting in lines at pharmacies. They are more patient of longer waits, though less tolerant and also, more personally insulted if a wait exceeds their expectations.

The same applies to consumers from higher income households. They are less likely to leave pharmacies because of long wait times, but are also less forgiving and less likely to return to the pharmacies afterwards.

Pharmacy wait time is similar to grocery stores and car dealerships.

Improving pharmacies profitability and driving lasting brand relevance

These insights show that both during and outside of the Coronavirus, pharmacies have much to gain by using Retail choreography solutions to manage lines, to offer in-store and virtual appointments and to provide contactless pickup services.

Our many case studies with leading pharmacies have also shown the same. For more information on how we can help your brand take a look at our customer success stories or get in touch with our team for a demo at info@qudini.com