Retailers are entering a new era of consumer shopping behavior fueled by thedigital world in which we live. The explosion of digital content has major implications for retailers across all of the channels through which they offer products and services.
In fact, a new study just released by the Cisco Internet Business Solutions Group (IBSG) reveals that web-based digital content is nowthe most powerful influence on buying decisions for shoppers across all retail channels. The study surveyed 5,000 shoppers across five countries: the United States, United Kingdom, Brazil, Mexico, and China.
The study's results highlight the need for retailers to "catch and keep" today's consumers, who now effortlessly "mash-up" digital and physical shopping. At this week's National Retail Federation (NRF) Convention & Expo, Cisco will explain how retailers can take advantage of this evolution in consumer shopping behavior.
https://www.youtube.com/watch?v=8cTb7SXh9nA
Cisco IBSG found that a majority of shoppers, categorized as the "Digital Mass Market," have advanced beyond the capabilities of many retailers. These shoppers expect stores to operate with the same information, transparency, and speed as their favorite websites, and two-thirds are interested in personalized shopping experiences when visiting a store.
In addition, these shoppers overwhelmingly prefer in-store self-service access to digital content (85 percent), with one in three using mobile searches to guide their purchasing decisions-up 20 percent from a similar study conducted by Cisco IBSG the previous year.
Here are some of the key findings from the U.S. portion of the study:
Shoppers demand more access to in-store digital content
Online resources have strong influence on shoppers' buying decisions
Shoppers want more mobile, self-service access to information and personalized services
Cisco also tested consumer interest in several key digital service concepts. Use of personal mobile shopping, an interactive room-design experience, a touchscreen device to help select products, and automated pickup for online orders all ranked high among shoppers, with roughly 50 percent stating they were interested in these types of services.
Leading retailers are already developing and testing omnichannel digital experiences to differentiate and revitalize their brands. Given consumers' new digitally based channel-hopping behavior, retailers must establish how they will "catch" customers and "keep" them within their brands during the shopping journey. The time to act is now.
For complete results of Cisco IBSG's survey, click here.
Additional links:
U.S. Survey Findings
U.K. Survey Findings
"Catch and Keep Digital Shoppers"-Video
"Catch and Keep" Digital Shoppers-SlideShare
Cisco Interior Inspirer-At a Glance
Cisco Interior Inspirer-Video
Cisco IBSG @ NRF 2013