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Background Music Providers
- Stores get their music from background music providers.
- The biggest in-store media provider is Mood Media.
- Stock music is also sold through other online providers with special licensing for retail businesses.
Impact of Music on Shopping Behavior
- Slower, more leisurely music causes shoppers to spend more time contemplating purchases and leads to increased sales.
- Uptempo or fast-paced music encourages quicker shopping and fewer purchases.
Importance of Music in Retail
- Music in stores reflects a brand’s identity and influences customer satisfaction.
- The right music choices can drive 37 percent more sales than a random playlist.
- Brand-fit music is connected to the in-store experience and customer satisfaction.
How Stores Choose Music
- Stores have different ways of choosing songs. Walmart (WMT) has its own radio station, Walmart (WMT)Radio, and DJs select songs.
- Some stores work with third-party providers like Mood Media or Soundtrack Your Brand.
Music Licensing and Effects on Shopping
- Business owners are required to pay for licenses to play music at retail stores.
- Classical background music increases shoppers’ willingness to spend.
- Classical music may create a sense of sophistication or luxury, benefiting certain types of stores.
In-Store Music Strategy
- A smart in-store music strategy considers the effects of music on customer pace and flow through the store.
- Calm music at a low volume makes people wander slowly, while energetic, loud songs make people accelerate their pace.
Retailers and Streaming Services
- Stores use services like Mood Media for in-store music.
- Popular artists like Taylor Swift, Ed Sheeran, and Colbie Caillat are successful choices for retail music.
Playing Music in Stores
- Apple maintains playlists of tracks at its stores for a modern and appealing shopping experience.
- Stores can set the pace of shoppers through music selection.
Licensing and Requirements for Playing Music
- Retail premises require licenses to play music.
- Stores can utilize music services like Apple Store Music on Spotify.
Conclusion
- The choice of music in a retail store impacts customer behavior and can enhance the overall shopping experience.