SlideShare una empresa de Scribd logo
1 de 25
Descargar para leer sin conexión
FACTS & FIGURES:
New Consumer Behaviors
Shoppers blend brick-and-mortar,
e-commerce, social media and
mobile to create a new retail reality.
RETAILERS VIEW THEIR CHANNELS
     AS SEPARATE ENTITIES. SHOPPERS
     PERCEIVE THEM AS ONE.

     Fact:
     Shoppers do not distinguish between a retailer’s
     multiple channels. They perceive the shopping
     experience as an “intra-channel blur.”

     Retailers still struggle to operationalize the
     holistic multichannel experience that shoppers
     expect.


2 | Facts & Figures: New Consumer Behaviors | 2010
SHOPPERS CAN BE DISAPPOINTED
     BY AN INCONSISTENT
     MULTI-CHANNEL EXPERIENCE.

     Things that can negatively impact the brand:
            • A website that lacks a mobile version.
            • No option to buy online/pick up in-store.
            • Inability for an online return to convert to
              a new sale.




3 | Facts & Figures: New Consumer Behaviors | 2010
MULTI-CHANNEL SHOPPERS
     SPEND 50% MORE THAN SINGLE
     CHANNEL SHOPPERS

     Despite the fact that multi-channel shoppers
     are more profitable, for many traditional retailers,
     e-commerce is underdeveloped.




4 | Facts & Figures: New Consumer Behaviors | 2010
62% OF ONLINE SHOPPERS
     ARE BRAND LOYAL


     Online satisfaction builds shopper loyalty
     across all of a retailer’s channels.




5 | Facts & Figures: New Consumer Behaviors | 2010
ONLINE INFORMATION INCREASES
     SHOPPER SATISFACTION ACROSS
     CHANNELS

     Shoppers who use the Web as their primary
     research channel are more satisfied than those
     who search for information in-store.
                                                     – “Customer Satisfaction, Loyalty,
                                                        and Buying Behavior in the Evolving
                                                        Multi-Channel Retail World”,
                                                        ForeSee Results, January 2005




6 | Facts & Figures: New Consumer Behaviors | 2010
CONSUMER PRODUCT REVIEWS
     HELP CREATE PURCHASE
     CONFIDENCE

            • 77% of online shoppers use reviews to make
              a purchase decision.
            • Shoppers see negative reviews as a sign of
              authenticity.




7 | Facts & Figures: New Consumer Behaviors | 2010
MULTI-CHANNEL CONSUMERS
     ARE BETTER ADVOCATES


     Satisfied multi-channel users have higher
     attitudinal loyalty.

     Their retail relationships last longer, even
     though their loyalty is shared among other
     brands in the same category.
    – “The multichannel shopper paradox: How loyal are
       multichannel users anyway?”, Schigns, Dr. J.M.C., 2006




8 | Facts & Figures: New Consumer Behaviors | 2010
OVERALL BRAND IMAGE BUILDS
     ONLINE LOYALTY


     The “halo effect” of a multi-channel retailer’s
     existing brand image significantly impacts a
     shopper’s perception of its online attributes.
    – “What induces online loyalty? Online versus offline brand images”,
       Journal of Business Research, May 2009




9 | Facts & Figures: New Consumer Behaviors | 2010
ONLINE DRIVES IN-STORE



     Shoppers who combine online research
     with in-store shopping tend to make
     additional purchases in-store.




10 | Facts & Figures: New Consumer Behaviors | 2010
WEBSITE ADVERTISING FURTHER
     ENGAGES ACTIVE SHOPPERS


     Online ads engage the actively-shopping
     consumer at a deeper level within a website
     and in-store. They:
            • View on average 6 more pages.
            • Spend 29% more on their in-store purchases.
    – “Yahoo Research”, Yahoo, 2007




11 | Facts & Figures: New Consumer Behaviors | 2010
SHOPPING BEGINS ONLINE
            • 89% of consumers making in-store purchases
              in key retail categories have conducted online
              research prior to purchase.
            • 42% of shoppers spend over half their
              shopping time on online research.
                                                      – “Web/Store Cross-Channel Shopping
                                                         Survey”, Krillion & the e-tailing group,
                                                         March 2008




12 | Facts & Figures: New Consumer Behaviors | 2010
THE OPPORTUNITY FOR
     CLICK & MORTAR
     Given consumers’ desire for additional
     information and convenience, retailers
     have significant room to develop.
            • Only 20% of retailers allow online search
              of in-store inventory.
            • Less than 10% of retailers allow an online
              purchase to be picked up in-store.
            • Barely 15% offer online appointment-making
              for retail services


13 | Facts & Figures: New Consumer Behaviors | 2010
ONLINE IN-STORE CROSSOVER
     The need to physically evaluate an item makes
     consumers twice as likely to purchase at the local
     store versus online.

                                                      – “The Online and In-Store Crossover
                                                         Conundrum: Pinpointing the Value
                                                         of Multi-Channel Behavior”, Nielsen
                                                         Consumer Insight, September 2008




14 | Facts & Figures: New Consumer Behaviors | 2010
TWO RETAIL CATEGORIES
     LEAD THE WAY
     Home electronics and apparel categories
     demonstrate the appeal of digital touch points.




15 | Facts & Figures: New Consumer Behaviors | 2010
THE STORE RANKS HIGHEST

                                                      In home electronics
                                                      and apparel, nothing
                                                      replaces a visit to
                                                      the store.




16 | Facts & Figures: New Consumer Behaviors | 2010
“M-COMMERCE” HAS ARRIVED

     Mobile is the “new online.”
            • 9 million U.S. consumers now have
              smartphones.
            • The mobile shopping market is $750 million
              (about .5% of online sales).
            • 149 retailers have m-commerce sites.




17 | Facts & Figures: New Consumer Behaviors | 2010
MOBILE SHOPPING ADOPTION
     EXCEEDS EXPECTATIONS
     19% of consumers used their smartphones
     for shopping during the 2009 holiday season
     (Deloitte).
            • 45% used their phone to research prices.
            • 32% found coupons or read reviews.
            • 25% made purchases from their device.




18 | Facts & Figures: New Consumer Behaviors | 2010
SMARTPHONE USAGE IS
     GROWING RAPIDLY
     Nearly 1/3 of consumers use their mobile
     devices to aid shopping.

     Globally, 51% of consumers across 11 countries
     used their mobile phones for in-store activities
     during the 2009 holiday shopping season (Nielsen).




19 | Facts & Figures: New Consumer Behaviors | 2010
MOBILE OPTIONS DRIVE
     PURCHASE
     Shoppers using smartphones in-store
     are 6% more likely to purchase.




20 | Facts & Figures: New Consumer Behaviors | 2010
CONSUMERS ARE SEEKING
     USEFUL APPS
     Shoppers are hunting for retail mobile
     applications to simplify their lives.
            • Online grocery lists
            • Scannable coupons
            • SKU/items comparisons
            • Barcode scanning
            • User reviews



21 | Facts & Figures: New Consumer Behaviors | 2010
SHOPPERS SOCIALIZE ONLINE,
     SHARING WORD OF MOUTH
     ABOUT BRANDS

    There are 65 million active social network
    users in the U.S.

   “I spend a lot of time each day on Facebook checking
    out my friends’ updates and my favorite brands/company
    fan pages for updates. I am shocked to see how few
    of my favorite companies have a Facebook shop tab.”
   –Melissa, posting on a popular web apps blog.


22 | Facts & Figures: New Consumer Behaviors | 2010
CONSUMERS ARE READY FOR
     AUGMENTED REALITY IF IT
     HELPS THEM DECIDE

    Digital shoppers are also comfortable with
    augmented reality apps that use webcams
    to virtually try on clothes and accessories.




23 | Facts & Figures: New Consumer Behaviors | 2010
THERE ARE MANY OPPORTUNITIES
     FOR RETAILERS TO USE DIGITAL TO
     DRIVE DEMAND

            • Digital touchpoints provide the engaging,
              immediate, informative and sharable
              experiences the shoppers want.
            • Retail winners will be those that adopt the
              right technology for their shopper.




24 | Facts & Figures: New Consumer Behaviors | 2010
For more information, contact:
Lynn Gonsior, CMO/Executive Vice President
7575 Paragon Road
Dayton, Ohio 45459
937-439-4400
lynn.gonsior@interbrand.com
www.interbranddesignforum.com

Más contenido relacionado

La actualidad más candente

BUILDING CONSUMER TRUST IN AN ONLINE WORLD
BUILDING CONSUMER TRUST IN AN ONLINE WORLDBUILDING CONSUMER TRUST IN AN ONLINE WORLD
BUILDING CONSUMER TRUST IN AN ONLINE WORLDConso-Résolution
 
Harnessing the Power Whitepaper-EN.PDF
Harnessing the Power Whitepaper-EN.PDFHarnessing the Power Whitepaper-EN.PDF
Harnessing the Power Whitepaper-EN.PDFEric Simmons
 
Ascent – Thought leadership from Atos Promises of a converging world
Ascent – Thought leadership from Atos Promises of a converging worldAscent – Thought leadership from Atos Promises of a converging world
Ascent – Thought leadership from Atos Promises of a converging worldAscent Atos
 
Marketing to the Mobile Shopper
Marketing to the Mobile ShopperMarketing to the Mobile Shopper
Marketing to the Mobile ShopperLeo Burnett
 
Mobile Money and the battle for consumer engagement (Monitise)
Mobile Money and the battle for consumer engagement (Monitise)Mobile Money and the battle for consumer engagement (Monitise)
Mobile Money and the battle for consumer engagement (Monitise)Andrew Ariaratnam
 
Top 10 trends in Payments 2013 whitepaper
Top 10 trends in Payments 2013 whitepaperTop 10 trends in Payments 2013 whitepaper
Top 10 trends in Payments 2013 whitepaperIgnasi Martín Morales
 
Future of retail global trends summary nov 2020
Future of retail   global trends summary nov 2020Future of retail   global trends summary nov 2020
Future of retail global trends summary nov 2020Future Agenda
 
Paybook Vol. 6 June 2017
Paybook Vol. 6 June 2017Paybook Vol. 6 June 2017
Paybook Vol. 6 June 2017Verifone
 
Mobilecommerceplaybook 150126202507-conversion-gate02
Mobilecommerceplaybook 150126202507-conversion-gate02Mobilecommerceplaybook 150126202507-conversion-gate02
Mobilecommerceplaybook 150126202507-conversion-gate02Jose Antonio Lombardia
 
10 fastest growing retail companies 2019
10 fastest growing retail companies 201910 fastest growing retail companies 2019
10 fastest growing retail companies 2019Pavan Kumar
 
Strategy Magazine- Dave Oakes
Strategy Magazine- Dave OakesStrategy Magazine- Dave Oakes
Strategy Magazine- Dave OakesDave Oakes
 
Digital consumer: trends and challenges
Digital consumer: trends and challengesDigital consumer: trends and challenges
Digital consumer: trends and challengesJolanta Tkaczyk Ph.D.
 

La actualidad más candente (16)

BUILDING CONSUMER TRUST IN AN ONLINE WORLD
BUILDING CONSUMER TRUST IN AN ONLINE WORLDBUILDING CONSUMER TRUST IN AN ONLINE WORLD
BUILDING CONSUMER TRUST IN AN ONLINE WORLD
 
Harnessing the Power Whitepaper-EN.PDF
Harnessing the Power Whitepaper-EN.PDFHarnessing the Power Whitepaper-EN.PDF
Harnessing the Power Whitepaper-EN.PDF
 
Ascent – Thought leadership from Atos Promises of a converging world
Ascent – Thought leadership from Atos Promises of a converging worldAscent – Thought leadership from Atos Promises of a converging world
Ascent – Thought leadership from Atos Promises of a converging world
 
Marketing to the Mobile Shopper
Marketing to the Mobile ShopperMarketing to the Mobile Shopper
Marketing to the Mobile Shopper
 
Mobile Money and the battle for consumer engagement (Monitise)
Mobile Money and the battle for consumer engagement (Monitise)Mobile Money and the battle for consumer engagement (Monitise)
Mobile Money and the battle for consumer engagement (Monitise)
 
Top 10 trends in Payments 2013 whitepaper
Top 10 trends in Payments 2013 whitepaperTop 10 trends in Payments 2013 whitepaper
Top 10 trends in Payments 2013 whitepaper
 
WTF is Omnichannel?
WTF is Omnichannel?WTF is Omnichannel?
WTF is Omnichannel?
 
Future of retail global trends summary nov 2020
Future of retail   global trends summary nov 2020Future of retail   global trends summary nov 2020
Future of retail global trends summary nov 2020
 
Paybook Vol. 6 June 2017
Paybook Vol. 6 June 2017Paybook Vol. 6 June 2017
Paybook Vol. 6 June 2017
 
Mobilecommerceplaybook 150126202507-conversion-gate02
Mobilecommerceplaybook 150126202507-conversion-gate02Mobilecommerceplaybook 150126202507-conversion-gate02
Mobilecommerceplaybook 150126202507-conversion-gate02
 
10 fastest growing retail companies 2019
10 fastest growing retail companies 201910 fastest growing retail companies 2019
10 fastest growing retail companies 2019
 
Reactive whitepaper on mcommerce
Reactive whitepaper on mcommerceReactive whitepaper on mcommerce
Reactive whitepaper on mcommerce
 
Strategy Magazine- Dave Oakes
Strategy Magazine- Dave OakesStrategy Magazine- Dave Oakes
Strategy Magazine- Dave Oakes
 
Digital consumer: trends and challenges
Digital consumer: trends and challengesDigital consumer: trends and challenges
Digital consumer: trends and challenges
 
US Top 100 Retail Companies (2017 data)
US Top 100 Retail Companies (2017 data)US Top 100 Retail Companies (2017 data)
US Top 100 Retail Companies (2017 data)
 
CPP INSIGHTS - SEPTEMBER 2021
CPP INSIGHTS - SEPTEMBER 2021CPP INSIGHTS - SEPTEMBER 2021
CPP INSIGHTS - SEPTEMBER 2021
 

Destacado

Luxury Ready to Wear: Analyzing Trends
Luxury Ready to Wear: Analyzing Trends Luxury Ready to Wear: Analyzing Trends
Luxury Ready to Wear: Analyzing Trends Hillary Frazer
 
Connected Experiences: From Websites to Wearables to Whatever
Connected Experiences: From Websites to Wearables to WhateverConnected Experiences: From Websites to Wearables to Whatever
Connected Experiences: From Websites to Wearables to WhateverRebecca Lieb
 
Indonesia Education Related Facts and Figure (a snapshot)
Indonesia Education Related Facts and Figure (a snapshot)Indonesia Education Related Facts and Figure (a snapshot)
Indonesia Education Related Facts and Figure (a snapshot)Muhammad Adam
 
Search Engine Marketing 101
Search Engine Marketing 101Search Engine Marketing 101
Search Engine Marketing 101Hileman Group
 
SEM: Search Engine Marketing Strategy
SEM: Search Engine Marketing Strategy SEM: Search Engine Marketing Strategy
SEM: Search Engine Marketing Strategy Trevor Clendenin
 
Influence of Social Media on Consumer Behaviour
Influence of Social Media on Consumer BehaviourInfluence of Social Media on Consumer Behaviour
Influence of Social Media on Consumer BehaviourDr. Khushbu Pandya
 
Indonesia: Country Analysis (International Marketing)
Indonesia: Country Analysis (International Marketing)Indonesia: Country Analysis (International Marketing)
Indonesia: Country Analysis (International Marketing)Rahul Wane
 
Segmentation targeting and positioning of hero moto corp
Segmentation targeting and positioning of hero moto corpSegmentation targeting and positioning of hero moto corp
Segmentation targeting and positioning of hero moto corpPriyambadaKhushboo
 
Biografia miró xiquets
Biografia miró xiquetsBiografia miró xiquets
Biografia miró xiquetsalidea
 
Calaveras
CalaverasCalaveras
Calaverastony
 
Resumen
ResumenResumen
Resumentony
 
ICT applied to English teaching
ICT applied to English teachingICT applied to English teaching
ICT applied to English teachingAnnyaM
 
World bank
World bankWorld bank
World bankshibom
 
Pedagogahumansticapensamienrodecarlrogers
PedagogahumansticapensamienrodecarlrogersPedagogahumansticapensamienrodecarlrogers
Pedagogahumansticapensamienrodecarlrogersthecheto007
 
Breaking Bad Habits: Transitioning to Intentional and Thoughtful Member Commu...
Breaking Bad Habits: Transitioning to Intentional and Thoughtful Member Commu...Breaking Bad Habits: Transitioning to Intentional and Thoughtful Member Commu...
Breaking Bad Habits: Transitioning to Intentional and Thoughtful Member Commu...McKinley Advisors
 
Julkinen data - mitä kaikkea se onkaan
Julkinen data - mitä kaikkea se onkaanJulkinen data - mitä kaikkea se onkaan
Julkinen data - mitä kaikkea se onkaanFlo Apps Ltd
 

Destacado (20)

Luxury Ready to Wear: Analyzing Trends
Luxury Ready to Wear: Analyzing Trends Luxury Ready to Wear: Analyzing Trends
Luxury Ready to Wear: Analyzing Trends
 
Connected Experiences: From Websites to Wearables to Whatever
Connected Experiences: From Websites to Wearables to WhateverConnected Experiences: From Websites to Wearables to Whatever
Connected Experiences: From Websites to Wearables to Whatever
 
Teorias
TeoriasTeorias
Teorias
 
Indonesia Education Related Facts and Figure (a snapshot)
Indonesia Education Related Facts and Figure (a snapshot)Indonesia Education Related Facts and Figure (a snapshot)
Indonesia Education Related Facts and Figure (a snapshot)
 
Search Engine Marketing 101
Search Engine Marketing 101Search Engine Marketing 101
Search Engine Marketing 101
 
SEM: Search Engine Marketing Strategy
SEM: Search Engine Marketing Strategy SEM: Search Engine Marketing Strategy
SEM: Search Engine Marketing Strategy
 
Influence of Social Media on Consumer Behaviour
Influence of Social Media on Consumer BehaviourInfluence of Social Media on Consumer Behaviour
Influence of Social Media on Consumer Behaviour
 
Indonesia: Country Analysis (International Marketing)
Indonesia: Country Analysis (International Marketing)Indonesia: Country Analysis (International Marketing)
Indonesia: Country Analysis (International Marketing)
 
Segmentation targeting and positioning of hero moto corp
Segmentation targeting and positioning of hero moto corpSegmentation targeting and positioning of hero moto corp
Segmentation targeting and positioning of hero moto corp
 
Biografia miró xiquets
Biografia miró xiquetsBiografia miró xiquets
Biografia miró xiquets
 
Ib(i)
Ib(i)Ib(i)
Ib(i)
 
Calaveras
CalaverasCalaveras
Calaveras
 
Resumen
ResumenResumen
Resumen
 
Membership Crossroads
Membership CrossroadsMembership Crossroads
Membership Crossroads
 
кунин
кунинкунин
кунин
 
ICT applied to English teaching
ICT applied to English teachingICT applied to English teaching
ICT applied to English teaching
 
World bank
World bankWorld bank
World bank
 
Pedagogahumansticapensamienrodecarlrogers
PedagogahumansticapensamienrodecarlrogersPedagogahumansticapensamienrodecarlrogers
Pedagogahumansticapensamienrodecarlrogers
 
Breaking Bad Habits: Transitioning to Intentional and Thoughtful Member Commu...
Breaking Bad Habits: Transitioning to Intentional and Thoughtful Member Commu...Breaking Bad Habits: Transitioning to Intentional and Thoughtful Member Commu...
Breaking Bad Habits: Transitioning to Intentional and Thoughtful Member Commu...
 
Julkinen data - mitä kaikkea se onkaan
Julkinen data - mitä kaikkea se onkaanJulkinen data - mitä kaikkea se onkaan
Julkinen data - mitä kaikkea se onkaan
 

Similar a Facts & Figures: New Consumer Behaviors

In-Store Consumer Experience vFINAL_1.12.13
In-Store Consumer Experience vFINAL_1.12.13In-Store Consumer Experience vFINAL_1.12.13
In-Store Consumer Experience vFINAL_1.12.13Linda Gridley
 
AGC-Changing-Consumer-Shopping-Experience-Jan-2015
AGC-Changing-Consumer-Shopping-Experience-Jan-2015AGC-Changing-Consumer-Shopping-Experience-Jan-2015
AGC-Changing-Consumer-Shopping-Experience-Jan-2015Linda Gridley
 
Recent marketing trends in retailing
Recent marketing trends in retailingRecent marketing trends in retailing
Recent marketing trends in retailingStrongPoint Baltics
 
The connected shopper. Fallacy fad or reality?
 The connected shopper. Fallacy fad or reality? The connected shopper. Fallacy fad or reality?
The connected shopper. Fallacy fad or reality?Simon Etchells
 
Digest customer loyalty_in_retail_banking_2014
Digest customer loyalty_in_retail_banking_2014Digest customer loyalty_in_retail_banking_2014
Digest customer loyalty_in_retail_banking_2014Bankir_Ru
 
The Future of Retail Report
The Future of Retail ReportThe Future of Retail Report
The Future of Retail ReportDigitalRoyalty
 
The Shopping Mindset of the Mobile Consumer
The Shopping Mindset of the Mobile ConsumerThe Shopping Mindset of the Mobile Consumer
The Shopping Mindset of the Mobile ConsumerLee Hanxue
 
Catch and Keep Digital Shoppers - How To Deliver Retail Their Way
Catch and Keep Digital Shoppers - How To Deliver Retail Their WayCatch and Keep Digital Shoppers - How To Deliver Retail Their Way
Catch and Keep Digital Shoppers - How To Deliver Retail Their WayHiten Sethi
 
The growth of eCommerce: does it impact brand strategy?
The growth of eCommerce: does it impact  brand strategy?The growth of eCommerce: does it impact  brand strategy?
The growth of eCommerce: does it impact brand strategy?Nurun
 
Chicago Retail Analytics Summit, May 1st, 2015
Chicago Retail Analytics Summit, May 1st, 2015Chicago Retail Analytics Summit, May 1st, 2015
Chicago Retail Analytics Summit, May 1st, 2015Deborah Weinswig
 
The Social Shopper: A Lens into the future of Retail Experiences
The Social Shopper: A Lens into the future of Retail ExperiencesThe Social Shopper: A Lens into the future of Retail Experiences
The Social Shopper: A Lens into the future of Retail ExperiencesDelvinia
 
Mobile Shopper Insights for 2011
Mobile Shopper Insights for 2011Mobile Shopper Insights for 2011
Mobile Shopper Insights for 2011Stanfy
 
Digital shopper relevancy report 2014
Digital shopper relevancy report 2014Digital shopper relevancy report 2014
Digital shopper relevancy report 2014Capgemini
 
Digital Shopper Relevancy - Report 2014
Digital Shopper Relevancy - Report 2014Digital Shopper Relevancy - Report 2014
Digital Shopper Relevancy - Report 2014default default
 
Customer Retention: Learn Critical Factors for Maintaining Online Commerce Su...
Customer Retention: Learn Critical Factors for Maintaining Online Commerce Su...Customer Retention: Learn Critical Factors for Maintaining Online Commerce Su...
Customer Retention: Learn Critical Factors for Maintaining Online Commerce Su...Dawn Yankeelov
 
Online decision making process
Online decision making processOnline decision making process
Online decision making processFaisal Khan
 
Is Omnichannel Dead? Evolving Tactics for Today's Retail
Is Omnichannel Dead? Evolving Tactics for Today's RetailIs Omnichannel Dead? Evolving Tactics for Today's Retail
Is Omnichannel Dead? Evolving Tactics for Today's RetailSmartFocusWorld
 
Mobile shopping-framework-study-2010-white-paper final
Mobile shopping-framework-study-2010-white-paper finalMobile shopping-framework-study-2010-white-paper final
Mobile shopping-framework-study-2010-white-paper finalAshmeed Ali
 

Similar a Facts & Figures: New Consumer Behaviors (20)

In-Store Consumer Experience vFINAL_1.12.13
In-Store Consumer Experience vFINAL_1.12.13In-Store Consumer Experience vFINAL_1.12.13
In-Store Consumer Experience vFINAL_1.12.13
 
AGC-Changing-Consumer-Shopping-Experience-Jan-2015
AGC-Changing-Consumer-Shopping-Experience-Jan-2015AGC-Changing-Consumer-Shopping-Experience-Jan-2015
AGC-Changing-Consumer-Shopping-Experience-Jan-2015
 
Recent marketing trends in retailing
Recent marketing trends in retailingRecent marketing trends in retailing
Recent marketing trends in retailing
 
The connected shopper. Fallacy fad or reality?
 The connected shopper. Fallacy fad or reality? The connected shopper. Fallacy fad or reality?
The connected shopper. Fallacy fad or reality?
 
Digest customer loyalty_in_retail_banking_2014
Digest customer loyalty_in_retail_banking_2014Digest customer loyalty_in_retail_banking_2014
Digest customer loyalty_in_retail_banking_2014
 
The Future of Retail Report
The Future of Retail ReportThe Future of Retail Report
The Future of Retail Report
 
The Shopping Mindset of the Mobile Consumer
The Shopping Mindset of the Mobile ConsumerThe Shopping Mindset of the Mobile Consumer
The Shopping Mindset of the Mobile Consumer
 
Catch and Keep Digital Shoppers - How To Deliver Retail Their Way
Catch and Keep Digital Shoppers - How To Deliver Retail Their WayCatch and Keep Digital Shoppers - How To Deliver Retail Their Way
Catch and Keep Digital Shoppers - How To Deliver Retail Their Way
 
The growth of eCommerce: does it impact brand strategy?
The growth of eCommerce: does it impact  brand strategy?The growth of eCommerce: does it impact  brand strategy?
The growth of eCommerce: does it impact brand strategy?
 
Chicago Retail Analytics Summit, May 1st, 2015
Chicago Retail Analytics Summit, May 1st, 2015Chicago Retail Analytics Summit, May 1st, 2015
Chicago Retail Analytics Summit, May 1st, 2015
 
The Social Shopper: A Lens into the future of Retail Experiences
The Social Shopper: A Lens into the future of Retail ExperiencesThe Social Shopper: A Lens into the future of Retail Experiences
The Social Shopper: A Lens into the future of Retail Experiences
 
Mobile Shopper Insights for 2011
Mobile Shopper Insights for 2011Mobile Shopper Insights for 2011
Mobile Shopper Insights for 2011
 
Digital shopper relevancy report 2014
Digital shopper relevancy report 2014Digital shopper relevancy report 2014
Digital shopper relevancy report 2014
 
Digital Shopper Relevancy - Report 2014
Digital Shopper Relevancy - Report 2014Digital Shopper Relevancy - Report 2014
Digital Shopper Relevancy - Report 2014
 
Digital First whitepaper - FINAL FINAL
Digital First whitepaper - FINAL FINALDigital First whitepaper - FINAL FINAL
Digital First whitepaper - FINAL FINAL
 
Customer Retention: Learn Critical Factors for Maintaining Online Commerce Su...
Customer Retention: Learn Critical Factors for Maintaining Online Commerce Su...Customer Retention: Learn Critical Factors for Maintaining Online Commerce Su...
Customer Retention: Learn Critical Factors for Maintaining Online Commerce Su...
 
FILM 240 Flipbook
FILM 240 FlipbookFILM 240 Flipbook
FILM 240 Flipbook
 
Online decision making process
Online decision making processOnline decision making process
Online decision making process
 
Is Omnichannel Dead? Evolving Tactics for Today's Retail
Is Omnichannel Dead? Evolving Tactics for Today's RetailIs Omnichannel Dead? Evolving Tactics for Today's Retail
Is Omnichannel Dead? Evolving Tactics for Today's Retail
 
Mobile shopping-framework-study-2010-white-paper final
Mobile shopping-framework-study-2010-white-paper finalMobile shopping-framework-study-2010-white-paper final
Mobile shopping-framework-study-2010-white-paper final
 

Más de Interbrand Design Forum

A New Perspective on Millennials: Segmenting a Generation for Actionable Insi...
A New Perspective on Millennials: Segmenting a Generation for Actionable Insi...A New Perspective on Millennials: Segmenting a Generation for Actionable Insi...
A New Perspective on Millennials: Segmenting a Generation for Actionable Insi...Interbrand Design Forum
 

Más de Interbrand Design Forum (6)

A New Perspective on Millennials: Segmenting a Generation for Actionable Insi...
A New Perspective on Millennials: Segmenting a Generation for Actionable Insi...A New Perspective on Millennials: Segmenting a Generation for Actionable Insi...
A New Perspective on Millennials: Segmenting a Generation for Actionable Insi...
 
Euro shop 2014 trend recap
Euro shop 2014 trend recapEuro shop 2014 trend recap
Euro shop 2014 trend recap
 
Interbrand's Best Retail Brands 2013
Interbrand's Best Retail Brands 2013Interbrand's Best Retail Brands 2013
Interbrand's Best Retail Brands 2013
 
Shopper insights in action presentation
Shopper insights in action presentationShopper insights in action presentation
Shopper insights in action presentation
 
Ideations Newsletter- Issue 1, 2012
Ideations Newsletter- Issue 1, 2012Ideations Newsletter- Issue 1, 2012
Ideations Newsletter- Issue 1, 2012
 
Interbrand's Best Retail Brands 2012
Interbrand's Best Retail Brands 2012Interbrand's Best Retail Brands 2012
Interbrand's Best Retail Brands 2012
 

Último

Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsIndiaMART InterMESH Limited
 
EUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersEUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersPeter Horsten
 
NAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataNAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataExhibitors Data
 
Environmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw CompressorsEnvironmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw Compressorselgieurope
 
Darshan Hiranandani (Son of Niranjan Hiranandani).pdf
Darshan Hiranandani (Son of Niranjan Hiranandani).pdfDarshan Hiranandani (Son of Niranjan Hiranandani).pdf
Darshan Hiranandani (Son of Niranjan Hiranandani).pdfShashank Mehta
 
Unveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic ExperiencesUnveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic ExperiencesDoe Paoro
 
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...Operational Excellence Consulting
 
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdftrending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdfMintel Group
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Peter Ward
 
Driving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerDriving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerAggregage
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxRich Reba
 
Healthcare Feb. & Mar. Healthcare Newsletter
Healthcare Feb. & Mar. Healthcare NewsletterHealthcare Feb. & Mar. Healthcare Newsletter
Healthcare Feb. & Mar. Healthcare NewsletterJamesConcepcion7
 
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...Hector Del Castillo, CPM, CPMM
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxappkodes
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024Adnet Communications
 
How to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHow to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHelp Desk Migration
 
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh JiPsychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh Jiastral oracle
 
Data Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesData Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesAurelien Domont, MBA
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...SOFTTECHHUB
 
14680-51-4.pdf Good quality CAS Good quality CAS
14680-51-4.pdf  Good  quality CAS Good  quality CAS14680-51-4.pdf  Good  quality CAS Good  quality CAS
14680-51-4.pdf Good quality CAS Good quality CAScathy664059
 

Último (20)

Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan Dynamics
 
EUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersEUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exporters
 
NAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataNAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors Data
 
Environmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw CompressorsEnvironmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw Compressors
 
Darshan Hiranandani (Son of Niranjan Hiranandani).pdf
Darshan Hiranandani (Son of Niranjan Hiranandani).pdfDarshan Hiranandani (Son of Niranjan Hiranandani).pdf
Darshan Hiranandani (Son of Niranjan Hiranandani).pdf
 
Unveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic ExperiencesUnveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic Experiences
 
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
 
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdftrending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
 
Driving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon HarmerDriving Business Impact for PMs with Jon Harmer
Driving Business Impact for PMs with Jon Harmer
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptx
 
Healthcare Feb. & Mar. Healthcare Newsletter
Healthcare Feb. & Mar. Healthcare NewsletterHealthcare Feb. & Mar. Healthcare Newsletter
Healthcare Feb. & Mar. Healthcare Newsletter
 
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptx
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024
 
How to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHow to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your Business
 
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh JiPsychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
 
Data Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesData Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and Templates
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
 
14680-51-4.pdf Good quality CAS Good quality CAS
14680-51-4.pdf  Good  quality CAS Good  quality CAS14680-51-4.pdf  Good  quality CAS Good  quality CAS
14680-51-4.pdf Good quality CAS Good quality CAS
 

Facts & Figures: New Consumer Behaviors

  • 1. FACTS & FIGURES: New Consumer Behaviors Shoppers blend brick-and-mortar, e-commerce, social media and mobile to create a new retail reality.
  • 2. RETAILERS VIEW THEIR CHANNELS AS SEPARATE ENTITIES. SHOPPERS PERCEIVE THEM AS ONE. Fact: Shoppers do not distinguish between a retailer’s multiple channels. They perceive the shopping experience as an “intra-channel blur.” Retailers still struggle to operationalize the holistic multichannel experience that shoppers expect. 2 | Facts & Figures: New Consumer Behaviors | 2010
  • 3. SHOPPERS CAN BE DISAPPOINTED BY AN INCONSISTENT MULTI-CHANNEL EXPERIENCE. Things that can negatively impact the brand: • A website that lacks a mobile version. • No option to buy online/pick up in-store. • Inability for an online return to convert to a new sale. 3 | Facts & Figures: New Consumer Behaviors | 2010
  • 4. MULTI-CHANNEL SHOPPERS SPEND 50% MORE THAN SINGLE CHANNEL SHOPPERS Despite the fact that multi-channel shoppers are more profitable, for many traditional retailers, e-commerce is underdeveloped. 4 | Facts & Figures: New Consumer Behaviors | 2010
  • 5. 62% OF ONLINE SHOPPERS ARE BRAND LOYAL Online satisfaction builds shopper loyalty across all of a retailer’s channels. 5 | Facts & Figures: New Consumer Behaviors | 2010
  • 6. ONLINE INFORMATION INCREASES SHOPPER SATISFACTION ACROSS CHANNELS Shoppers who use the Web as their primary research channel are more satisfied than those who search for information in-store. – “Customer Satisfaction, Loyalty, and Buying Behavior in the Evolving Multi-Channel Retail World”, ForeSee Results, January 2005 6 | Facts & Figures: New Consumer Behaviors | 2010
  • 7. CONSUMER PRODUCT REVIEWS HELP CREATE PURCHASE CONFIDENCE • 77% of online shoppers use reviews to make a purchase decision. • Shoppers see negative reviews as a sign of authenticity. 7 | Facts & Figures: New Consumer Behaviors | 2010
  • 8. MULTI-CHANNEL CONSUMERS ARE BETTER ADVOCATES Satisfied multi-channel users have higher attitudinal loyalty. Their retail relationships last longer, even though their loyalty is shared among other brands in the same category. – “The multichannel shopper paradox: How loyal are multichannel users anyway?”, Schigns, Dr. J.M.C., 2006 8 | Facts & Figures: New Consumer Behaviors | 2010
  • 9. OVERALL BRAND IMAGE BUILDS ONLINE LOYALTY The “halo effect” of a multi-channel retailer’s existing brand image significantly impacts a shopper’s perception of its online attributes. – “What induces online loyalty? Online versus offline brand images”, Journal of Business Research, May 2009 9 | Facts & Figures: New Consumer Behaviors | 2010
  • 10. ONLINE DRIVES IN-STORE Shoppers who combine online research with in-store shopping tend to make additional purchases in-store. 10 | Facts & Figures: New Consumer Behaviors | 2010
  • 11. WEBSITE ADVERTISING FURTHER ENGAGES ACTIVE SHOPPERS Online ads engage the actively-shopping consumer at a deeper level within a website and in-store. They: • View on average 6 more pages. • Spend 29% more on their in-store purchases. – “Yahoo Research”, Yahoo, 2007 11 | Facts & Figures: New Consumer Behaviors | 2010
  • 12. SHOPPING BEGINS ONLINE • 89% of consumers making in-store purchases in key retail categories have conducted online research prior to purchase. • 42% of shoppers spend over half their shopping time on online research. – “Web/Store Cross-Channel Shopping Survey”, Krillion & the e-tailing group, March 2008 12 | Facts & Figures: New Consumer Behaviors | 2010
  • 13. THE OPPORTUNITY FOR CLICK & MORTAR Given consumers’ desire for additional information and convenience, retailers have significant room to develop. • Only 20% of retailers allow online search of in-store inventory. • Less than 10% of retailers allow an online purchase to be picked up in-store. • Barely 15% offer online appointment-making for retail services 13 | Facts & Figures: New Consumer Behaviors | 2010
  • 14. ONLINE IN-STORE CROSSOVER The need to physically evaluate an item makes consumers twice as likely to purchase at the local store versus online. – “The Online and In-Store Crossover Conundrum: Pinpointing the Value of Multi-Channel Behavior”, Nielsen Consumer Insight, September 2008 14 | Facts & Figures: New Consumer Behaviors | 2010
  • 15. TWO RETAIL CATEGORIES LEAD THE WAY Home electronics and apparel categories demonstrate the appeal of digital touch points. 15 | Facts & Figures: New Consumer Behaviors | 2010
  • 16. THE STORE RANKS HIGHEST In home electronics and apparel, nothing replaces a visit to the store. 16 | Facts & Figures: New Consumer Behaviors | 2010
  • 17. “M-COMMERCE” HAS ARRIVED Mobile is the “new online.” • 9 million U.S. consumers now have smartphones. • The mobile shopping market is $750 million (about .5% of online sales). • 149 retailers have m-commerce sites. 17 | Facts & Figures: New Consumer Behaviors | 2010
  • 18. MOBILE SHOPPING ADOPTION EXCEEDS EXPECTATIONS 19% of consumers used their smartphones for shopping during the 2009 holiday season (Deloitte). • 45% used their phone to research prices. • 32% found coupons or read reviews. • 25% made purchases from their device. 18 | Facts & Figures: New Consumer Behaviors | 2010
  • 19. SMARTPHONE USAGE IS GROWING RAPIDLY Nearly 1/3 of consumers use their mobile devices to aid shopping. Globally, 51% of consumers across 11 countries used their mobile phones for in-store activities during the 2009 holiday shopping season (Nielsen). 19 | Facts & Figures: New Consumer Behaviors | 2010
  • 20. MOBILE OPTIONS DRIVE PURCHASE Shoppers using smartphones in-store are 6% more likely to purchase. 20 | Facts & Figures: New Consumer Behaviors | 2010
  • 21. CONSUMERS ARE SEEKING USEFUL APPS Shoppers are hunting for retail mobile applications to simplify their lives. • Online grocery lists • Scannable coupons • SKU/items comparisons • Barcode scanning • User reviews 21 | Facts & Figures: New Consumer Behaviors | 2010
  • 22. SHOPPERS SOCIALIZE ONLINE, SHARING WORD OF MOUTH ABOUT BRANDS There are 65 million active social network users in the U.S. “I spend a lot of time each day on Facebook checking out my friends’ updates and my favorite brands/company fan pages for updates. I am shocked to see how few of my favorite companies have a Facebook shop tab.” –Melissa, posting on a popular web apps blog. 22 | Facts & Figures: New Consumer Behaviors | 2010
  • 23. CONSUMERS ARE READY FOR AUGMENTED REALITY IF IT HELPS THEM DECIDE Digital shoppers are also comfortable with augmented reality apps that use webcams to virtually try on clothes and accessories. 23 | Facts & Figures: New Consumer Behaviors | 2010
  • 24. THERE ARE MANY OPPORTUNITIES FOR RETAILERS TO USE DIGITAL TO DRIVE DEMAND • Digital touchpoints provide the engaging, immediate, informative and sharable experiences the shoppers want. • Retail winners will be those that adopt the right technology for their shopper. 24 | Facts & Figures: New Consumer Behaviors | 2010
  • 25. For more information, contact: Lynn Gonsior, CMO/Executive Vice President 7575 Paragon Road Dayton, Ohio 45459 937-439-4400 lynn.gonsior@interbrand.com www.interbranddesignforum.com