New research from AlixPartners reveals that retailers need to up their game this holiday season. Consumers are demanding a consistent experience across online and in-store channels, with 66% willing to walk away if they can't find the products they saw online in physical stores. Key takeaways for retailers: 🔑 Omnichannel is Key: Ensure consistent pricing and product availability across all channels. 💡 Empower with Information: Most shoppers research online before visiting stores, so focus on providing detailed product information and self-service options. 🆓 Free and Fast Shipping: Free and fast shipping is a must-have for online purchases. 🤔 Re-evaluate Add-Ons: Consider the value and ROI of add-on services like BNPL and social shopping. “Consumers may be shopping digital channels first, but they are back in stores and incredibly frustrated when pricing is inconsistent or they can’t find in-store what they saw online,” said Sonia Lapinsky, an AlixPartners’ managing director. “Retailers need to reallocate resources to what matters for consumers—nailing the seamless experience and getting the right product in the right place. It’s crucial for retailers to hit the mark this season, or consumers will take their dollars elsewhere.” Shoutout to Bruce Crumley for the great feature! https://lnkd.in/e-VeQMDr #Retail #Omnichannel #CustomerExperience #HolidayShopping #AlixPartners
Berns Communications Group’s Post
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Omnichannel & Gen Z: Are Retailers Ready? Just read this interesting article from Euroshop, and it got me thinking... Are retailers doing enough to cater to the way we shop today? Here's what stood out to me: Omnichannel is a MUST! We all jump between online browsing and in-store purchases. Retailers need to make that journey smooth - from researching a product online to picking it up in-store or getting post-purchase help. Gen Z is a whole customer demographic (according to the article, they will gain $2 trillion in purchasing power). These digital natives expect personalized experiences and seamless mobile integration. Don't forget the power of in-store associates! Imagine a salesperson who can see your online wishlist and offer personalized recommendations. In-store follow-up with the right tools can be a game-changer. Seems like omnichannel capabilities and empowered associates are key to winning over Gen Z shoppers. What do you think? https://lnkd.in/gk2kUQkX #retail #omnichannel #genz #customerservice
Online retailers: more than 80% of shoppers had poor experiences
euroshop-tradefair.com
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This week: On-Time Deliveries are Critical for Holiday Shoppers Most consumers are planning to do a large portion of their holiday shopping online this holiday season, and with that comes delivery concerns. According to the 2024 Peak Season Consumer Survey from Project44, 74% of shoppers are planning to complete up to 75% of their shopping online. Fifty-four percent of U.S. consumers are unlikely to shop at a retailer who missed their delivery date. Nearly half of U.S. shoppers will pay higher prices to guarantee on-time delivery. 🔹 Dollar Tree Advances Rotacart Delivery Initiative 🔹 Sam’s Club Prepares to Open First All-Digital Store 🔹 Consumer Expectations for the Upcoming Holiday Season 🔹 Leveraging Omnichannel Strategies to Drive Holiday Sales 🔹 How to Manage Freight During Peak Shipping Seasons Find the summaries and full stories for the weekly newsletter on our website. #retail #ecommerce #delivery #logistics #omnichannel #freight #holidays
Bringoz Industry Weekly 10/13 | Bringoz
https://www.bringoz.com
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🚀 The future of retail is all about blending experiences! From in-store shopping making a comeback to the power of AI and social commerce, retailers are stepping up to meet evolving consumer needs. In 2024, seamless omnichannel strategies will be the key to staying ahead. How do you prefer to shop—online, in-store, or a mix of both? #Omnichannel #RetailTech #AIinRetail
Retail spending trends: Adapting to consumer pressure in 2024
chainstoreage.com
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9 out of 10 shoppers in Europe prefer in-store shopping, meaning physical retail remains of great importance #instore #instoreshopping #retail #physicalretail #customerjourney #instoremarketing #retailbrandexperience
Why 9 out of 10 European shoppers prefer in-store shopping, and other key trends
retaildive.com
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Walmart Widens Share of the E-Grocery Pie. New data shows that retailer hit 37% of market share in Q2. The fact that Walmart rings up more than a third of digital grocery sales in this country reflects its disciplined and forward-thinking omnichannel focus. A consumer survey from 1WorldSync found that 87 percent of consumers went online to buy products they had previously purchased exclusively in-store. In a retail market dominated by e-commerce, retailers like Walmart have found ways to engage and inform customers by utilizing technologies such as rich content and media, providing the next best thing to an in-person shopping experience. *1WorldSync research also found that product images were among the most important factors in engaging shoppers and keeping them on a product page. An astounding 73 percent of consumers say that too few or poor-quality product images will cause them to leave a page or website and go to a competitor to make a purchase.
Walmart Widens Share of the E-Grocery Pie
progressivegrocer.com
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🚀 The future of retail is all about blending experiences! From in-store shopping making a comeback to the power of AI and social commerce, retailers are stepping up to meet evolving consumer needs. In 2024, seamless omnichannel strategies will be the key to staying ahead. How do you prefer to shop—online, in-store, or a mix of both? #Omnichannel #RetailTech #AIinRetail
Retail spending trends: Adapting to consumer pressure in 2024
chainstoreage.com
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🚀 The future of retail is all about blending experiences! From in-store shopping making a comeback to the power of AI and social commerce, retailers are stepping up to meet evolving consumer needs. In 2024, seamless omnichannel strategies will be the key to staying ahead. How do you prefer to shop—online, in-store, or a mix of both? #Omnichannel #RetailTech #AIinRetail
Retail spending trends: Adapting to consumer pressure in 2024
chainstoreage.com
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🚀 The future of retail is all about blending experiences! From in-store shopping making a comeback to the power of AI and social commerce, retailers are stepping up to meet evolving consumer needs. In 2024, seamless omnichannel strategies will be the key to staying ahead. How do you prefer to shop—online, in-store, or a mix of both? #Omnichannel #RetailTech #AIinRetail
Retail spending trends: Adapting to consumer pressure in 2024
chainstoreage.com
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🚀 The future of retail is all about blending experiences! From in-store shopping making a comeback to the power of AI and social commerce, retailers are stepping up to meet evolving consumer needs. In 2024, seamless omnichannel strategies will be the key to staying ahead. How do you prefer to shop—online, in-store, or a mix of both? #Omnichannel #RetailTech #AIinRetail
Retail spending trends: Adapting to consumer pressure in 2024
chainstoreage.com
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🚀 The future of retail is all about blending experiences! From in-store shopping making a comeback to the power of AI and social commerce, retailers are stepping up to meet evolving consumer needs. In 2024, seamless omnichannel strategies will be the key to staying ahead. How do you prefer to shop—online, in-store, or a mix of both? #Omnichannel #RetailTech #AIinRetail
Retail spending trends: Adapting to consumer pressure in 2024
chainstoreage.com
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