#34 Inside Friction vs Reward: Richard Hammond on Smarter Retail Strategy

Episode overview: In this episode, I speak with Richard Hammond, Co-Founder and CEO of Uncrowd, an experience-analytics company that uses the Friction vs Reward (FvR) model to help organisations understand how customers choose between competing offerings. Richard has extensive experience in retail, loyalty, and customer-insight roles. He is the author of: Friction/Reward: Be Your Customer’s First Choice (Pearson, 2019) Smart Retail: Winning Ideas and Strategies from the Most Successful Retailers in the World (4th ed., Pearson Business) He works at the intersection of behavioural insight, retail strategy, and analytics, and is widely recognised for his thinking on retail-choice dynamics. Over the years, Richard has translated the insights of his book into practical, strategic tools through Uncrowd. Our conversation explores both the foundations of the FvR framework and how it has evolved since the book was published. We talk about real-world retail applications, common blind spots for leaders when it comes to customer choice, and practical lessons any organisation can apply to build smarter decisions, clearer value, and more effective retail strategy. Follow his work: LinkedIn Uncrowd Other resources mentioned: Gap Selling: Get to the Root of Why People Buy - a book Richard referenced as influential during our conversation, which he shared as a useful complementary perspective. Final note: If you found this conversation valuable, please share it with your network or leave a rating wherever you listen to your podcasts, it really helps us grow the conversation. Disclaimer: The views expressed in this podcast are for informational and discussion purposes only and do not constitute financial, investment, or professional advice. Listeners should consult a qualified advisor before making any business or investment decisions.