Friday, March 30, 2012

Omnichannel Shopping Puts a New Spin on Ecommerce

emarketer reporting:
US retail ecommerce sales, including digital downloads and event tickets but excluding travel, will rise 15.4% to $224.2 billion this year, eMarketer estimates. Fast-growing categories like apparel and accessories will help boost online sales figures, but underlying the trend is a deeper shift in the mindset of many consumers, which has turned them into omnichannel shoppers.
“In the past, cross-channel shopping amounted to using a retailer’s different channels one at a time for separate transactions,” said Jeffrey Grau, eMarketer principal analyst and author of the new report, “US Retail Ecommerce Forecast: Entering the Age of Omnichannel Retailing.” “But today, consumers are moving between a retailer’s channels—websites, stores, mobile devices, social media—in a fluid way.”
A February 2012 survey by price comparison service PriceGrabber, a part of Experian, found most US online consumers plan to shop this year by combining online, brick-and-mortar and mobile retail channels.

Methods US Online Shoppers Plan to Use to Shop in 2012 (% of respondents)

Also notable, a large share of respondents (42%) told PriceGrabber they will shop mostly online in 2012—three-and-one-half times more than those that said they would shop mostly in brick-and-mortar stores (12%).
“A consumer might research a product online, look at it up close in a store, solicit opinions from friends via social networks, use a mobile phone to check competitors’ prices, but ultimately buy it in-store using PayPal on their phone,” said Grau. “What will matter most is whether the experience was smooth. If the retailer disappoints the shopper during any of these channel handoffs, it will reflect poorly not only on that channel but on the brand as a whole.”
http://www.emarketer.com/Article.aspx?R=1008939&ecid=a6506033675d47f881651943c21c5ed4

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