Watch this #CCSeries webinar on-demand: http://rtou.ch/2n6FIpl
Consumer behavior continues to evolve, but that doesn't mean you have to fall behind. Uncover the data and details in Kibo's 2017 Consumer Trends Report: What do you need to know to optimize the path and improve the experience for digital purchases?
Join this webinar and learn:
The most important factor shoppers consider before making an online purchase;
The role personalization plays in closing the deal; and
The element that influences a consumer most before completing a purchase (the answer will surprise you!)
5. #CCSeries
About Retail TouchPoints
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8. AGENDA
• Introduction
• Key Themes of Findings
• Consumer Behavior Continues to Evolve
• The Path to Purchase is Prescriptive
• Fulfillment is No Longer an Afterthought
•Top 3 Recommendations for 2017
•Q&A
9. INTRODUCTION
2016 brought us innovative
technology, elections, new heights,
and excitement
How will these affect consumers
and what’s in store for merchants
in 2017?
12. SUMMARY OF FINDINGS
Consumer Behavior Continues to Evolve
Blending of Online and In-Store
Pricing Drives Purchases over Brand Loyalty
13. SUMMARY OF FINDINGS
Consumer Behavior Continues to Evolve
Blending of Online and In-Store
Pricing Drives Purchases over Brand Loyalty
Influencing The Path to Purchase is Prescriptive
Five Elements Make The Largest Impact
Personalization Critical For Completing Purchases
14. SUMMARY OF FINDINGS
Consumer Behavior Continues to Evolve
Blending of Online and In-Store
Pricing Drives Purchases over Brand Loyalty
Influencing The Path to Purchase is Prescriptive
Five Elements Make The Largest Impact
Personalization Critical For Completing Purchases
Fulfillment No Longer an Afterthought
Consumers Demand Multiple Fulfillment Options
Buy Online, Pickup In Store (BOPIS) is Table Stakes
16. BLENDING OF ONLINE AND IN-STORE
94%
of consumers do
research online
before a store visit,
up from 86% in
2015
Research
17. BLENDING OF ONLINE AND IN-STORE
94%
of consumers do
research online
before a store visit,
up from 86% in
2015
Research
81%
of consumers
have looked up
inventory in the
last 6 months on a
retailer’s website
before visiting the
store
Inventory
18. BLENDING OF ONLINE AND IN-STORE
94%
of consumers do
research online
before a store visit,
up from 86% in
2015
Research
81%
of consumers
have looked up
inventory in the
last 6 months on a
retailer’s website
before visiting the
store
Inventory
39%
of consumers
expect to see
store inventory
online,
+ 11% from 2015
Expectations
19. BLENDING OF ONLINE AND IN-STORE
94%
of consumers do
research online
before a store visit,
up from 86% in
2015
Research
81%
of consumers
have looked up
inventory in the
last 6 months on a
retailer’s website
before visiting the
store
Inventory
39%
of consumers
expect to see
store inventory
online,
+ 11% from 2015
Expectations
80%
of consumers are
less inclined to
visit a store when
the website does
not provide current
product
availability,
+ 24% from 2015
Behavior
24. 0%
20%
40%
60%
80%
100%
Other Delivery Speed
Delivery Options Shopping Experience
Website Brand Product Brand
Price
PRICING DRIVES PURCHASES OVER
BRAND LOYALTY
70% Price
12% Product Brand
6% Website Brand
12% Other
What is the most
important factor
when considering
an online
purchase?
26. SIX ELEMENTS MAKE THE LARGEST IMPACT
55%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Live Chat
What influences a consumer prior to completing an online purchase?
27. SIX ELEMENTS MAKE THE LARGEST IMPACT
55%
64%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Live Chat
Quantity of Product Availability
What influences a consumer prior to completing an online purchase?
28. SIX ELEMENTS MAKE THE LARGEST IMPACT
55%
64%
66%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Live Chat
Quantity of Product Availability
Multiple Fulfillment Options
What influences a consumer prior to completing an online purchase?
29. SIX ELEMENTS MAKE THE LARGEST IMPACT
55%
64%
66%
78%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Live Chat
Quantity of Product Availability
Multiple Fulfillment Options
Simplified Shopping Cart Experience
What influences a consumer prior to completing an online purchase?
30. SIX ELEMENTS MAKE THE LARGEST IMPACT
55%
64%
66%
78%
82%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Live Chat
Quantity of Product Availability
Multiple Fulfillment Options
Simplified Shopping Cart Experience
Product Reviews
What influences a consumer prior to completing an online purchase?
31. SIX ELEMENTS MAKE THE LARGEST IMPACT
55%
64%
66%
78%
82%
92%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Live Chat
Quantity of Product Availability
Multiple Fulfillment Options
Simplified Shopping Cart Experience
Product Reviews
Interactive Content
What influences a consumer prior to completing an online purchase?
34. PERSONALIZATION CRITICAL FOR
COMPLETING PURCHASES
Tactics Influencing a Consumer During the Path to Purchase
Personalized
Promotions
on a
Homepage
85%
Homepage
35. PERSONALIZATION CRITICAL FOR
COMPLETING PURCHASES
Tactics Influencing a Consumer During the Path to Purchase
Personalized
Promotions
on a
Homepage
85%
Homepage
44%
Product Page
Targeted
Recommendations
on Product Page
36. PERSONALIZATION CRITICAL FOR
COMPLETING PURCHASES
Tactics Influencing a Consumer During the Path to Purchase
Personalized
Promotions
on a
Homepage
85%
Homepage
44%
Product Page
Targeted
Recommendations
on Product Page
92%
Shopping Cart
Product
Recommendations
in Shopping Cart
37. PERSONALIZATION CRITICAL FOR
COMPLETING PURCHASES
Tactics Influencing a Consumer During the Path to Purchase
Personalized
Promotions
on a
Homepage
85%
Homepage
44%
Product Page
Targeted
Recommendations
on Product Page
92%
Shopping Cart
Product
Recommendations
in Shopping Cart
55%
Loyalty Discounts
Loyalty Discounts
and Offers
40. CONSUMERS DEMAND MULTIPLE
FULFILLMENT OPTIONS
Consumers Are Clear On Their Expectations
“expect” delivery of
their online purchase
within 3 days
68%
41. CONSUMERS DEMAND MULTIPLE
FULFILLMENT OPTIONS
Consumers Are Clear On Their Expectations
“expect” delivery of
their online purchase
within 3 days
68% 55%
will switch retailers if
their preferred
method of fulfillment
isn’t available
42. CONSUMERS DEMAND MULTIPLE
FULFILLMENT OPTIONS
Consumers Are Clear On Their Expectations
“expect” delivery of
their online purchase
within 3 days
68% 55%
will switch retailers if
their preferred
method of fulfillment
isn’t available
less likely to buy
from a site that
doesn’t offer in-
store pickup
48%
43. CONSUMERS DEMAND
MULTIPLE FULFILLMENT OPTIONS
66%
say multiple fulfillment
options influences their
willingness to complete
their purchase
49%
will remain loyal to a
retailer if buy online,
pickup in store is available
46. BUY ONLINE, PICKUP IN STORE
IS TABLE STAKES
78%
of consumers
reported to have
purchased online for
store pickup in the
past 6 months
47. BUY ONLINE, PICKUP IN STORE
IS TABLE STAKES
78%
of consumers
reported to have
purchased online for
store pickup in the
past 6 months
40%
have done so 3 or
more times in the past
6 months
48. BUY ONLINE, PICKUP IN STORE
IS TABLE STAKES
78%
of consumers
reported to have
purchased online for
store pickup in the
past 6 months
40%
have done so 3 or
more times in the past
6 months
40%
of BOPIS visits result
in additional items
being added to the
order
But the
REAL
Benefit
51. Create Consistent and Seamless Experiences
Between online and in-store: pricing, inventory, and availability
TOP 3 RECOMMENDATIONS FOR 2017
52. Personalize Every Touchpoint with the Customer
Individualize: homepages, product pages, shopping carts, and loyalty programs
Create Consistent and Seamless Experiences
Between online and in-store: pricing, inventory, and availability
TOP 3 RECOMMENDATIONS FOR 2017
53. Personalize Every Touchpoint with the Customer
Individualize: homepages, product pages, shopping carts, and loyalty programs
Focus on the Impactful
Implement BOPIS, product reviews and ratings, interactive
Create Consistent and Seamless Experiences
Between online and in-store: pricing, inventory, and availability
TOP 3 RECOMMENDATIONS FOR 2017