580 likes | 684 Views
The ROI of Christmas Present Capturing your fair share of consumer holiday spending during these challenging times . METHODOLOGY & DEMOGRAPHICS. Online questionnaire completed September-October 2009
E N D
The ROI of Christmas PresentCapturing your fair share of consumer holiday spendingduring these challenging times Insert MarketLive Logo
METHODOLOGY & DEMOGRAPHICS Online questionnaire completed September-October 2009 by 1,020 adults (49% male / 51% female) who have shopped online four times or more in the last year, spending $500+ Insert MarketLive Logo
Demographics Insert MarketLive Logo
SHOPPING ONLINE Insert MarketLive Logo
Topline Findings Insert MarketLive Logo Cautious shoppers project behavior consistent with last year; spending is flat Purchasing gifts online is part of the customer consciousness where the web will garner more holiday buying than other channels as well as increased share-of- wallet Securing hard to find product, convenience, and customer service can trigger full price purchasing Free shipping and free returns are top influencers in terms of merchant selection Profitably maintaining in-stock status will be integral to success and averting abandonment to competitors One stop gift centers and wishlists support consumers’ desire for convenience Email is desired on a weekly basis with favored offers including free shipping, sales, and coupons Mobile and social usage show promising signs of influencing shoppers this holiday season
Despite economic uncertainty the good news is that overall holiday spending should equal last year Q6 Insert MarketLive Logo
48% intend to purchase between 6-15 gifts,on par with last year (47%) Q4 Insert MarketLive Logo
Holiday budgets see little change with 43%planning to spend $301-$800 onfamily and friends, as they did last year Q5 Insert MarketLive Logo
88% of shoppers are willing to pay full pricefor the right products and good service Q7 Insert MarketLive Logo
Position “Value-oriented” Product Insert MarketLive Logo
Visual Inspiration Goes a Long Way Insert MarketLive Logo
Tout the Favorites 12th Annual EG Mystery Shopping, 2008 Insert MarketLive Logo
Take Advantage of Endorsements 12th Annual EG Mystery Shopping, 2008 Insert MarketLive Logo
71% expect to complete most of their holiday shopping in November through early December Q8 Insert MarketLive Logo
It’s Never Too Early to Get Started Insert MarketLive Logo
Play Up Key Holidays Insert MarketLive Logo
55% of surveyed shoppers plan to do theirholiday shopping online this year, up from 49% LY Q12 Insert MarketLive Logo
The online channel also continues to gainshare-of-wallet as 26% vs. 21% last yearplan to purchase more gifts via the Internet Q11 Insert MarketLive Logo
Books, clothing, music, gift certificates, toys, andconsumer electronics are the top product categoriesshoppers are likely to purchase online Q15 Insert MarketLive Logo
Gift cards/certificates continue to be a good solution for 78%of shoppers vs. 76% LY; accounting for a varied percentof online holiday purchases Q16 Insert MarketLive Logo
Gift Cards Play Well for Last Minute Insert MarketLive Logo 21
INFLUENCERS Insert MarketLive Logo
The primary reasons for shopping online are stillconvenience and savings, but shoppers are also ratingtools like wish lists and reviews increasingly important Q17 Insert MarketLive Logo
Creatively Message to EngageCustomers Around Convenience Insert MarketLive Logo
Think Holistically with Promotional Offers Optimize tactics from outlets to GWPS and contests and integrate into the overall experience Insert MarketLive Logo
Time Savings Should be Top-of-mind Insert MarketLive Logo
Embrace B2B and B2C Customers Insert MarketLive Logo
While high shipping charges remain the #1 reasonshoppers will not buy more online,the store experience and in-stock status gain ground Q13 Insert MarketLive Logo
Some shoppers remain loyal but most will be lost tocompetitors’ websites or retail stores when they encounterout of stock products this holiday season Q22 Insert MarketLive Logo
merchandising > inventory/backorders Feature:sign up for back-in stock e-mails Insert MarketLive Logo
Researching gifts online continues to be animportant activity for 3 out of 4 shoppers Q9 Insert MarketLive Logo
60% of shoppers are either undecided or plan topick up holiday gifts purchased online in-store,as this is often a last minute convenience Q14 Insert MarketLive Logo
Flexibility Extends Customer Appeal Visual prompting and usability impact performance Multiple ship to Shop and hold Insert MarketLive Logo
Influencers center on promotions per this summary of “top 2” feature ratings for importance when buying gifts online Q19-21 Insert MarketLive Logo
Free shipping (91%) and free returns (81%) are thepromotional features with the highest “top 2” ratingsfor their influence in making a purchase Q21 Insert MarketLive Logo
Monitor Free Shipping Categorically and Industry-wide Insert MarketLive Logo
Create Impulse Buys ThroughLimited Time Only Execution Insert MarketLive Logo
Among gifting tools, gift centers (49% vs. 30%) andwish lists (48% vs. 35%) see the greatest “top 2” rating increase for their importance when buying gifts online Q19 Insert MarketLive Logo
Deploy a Best-in-Class Destination Insert MarketLive Logo
30% have shopped online using someone’swish list 4 or more times vs. 24% LY Q18 Insert MarketLive Logo
Facilitate Consumer Participation more consumers conveniently shop onlinefrom someone else’s wish list 3 or more times: 34% ty vs. 25% ly Source: EG Mindset of a Multi-channel Customer Survey, 2008 Insert MarketLive Logo
Customer assistance “top 2 ratings” for importance whenbuying gifts online find that accessible contact information(ideally toll free) and access to one’s cart at all timessmooth shopping experiences Q20 Insert MarketLive Logo
Guarantees Combat Consumer Fear Insert MarketLive Logo
Keep Customers Informed Along the Way 89% of EG100 merchants include holiday shipping deadlines onsite Source: the e-tailing group 12th Annual Mystery Shopping Study, 4Q 2008 Insert MarketLive Logo
EMAIL, MOBILE AND SOCIAL SITE SHOPPING Insert MarketLive Logo
43% of shoppers who have opted in prefer toreceive emails on a weekly basis Q23 Insert MarketLive Logo
Free shipping (91%) and sales/markdowns (89%) are thetypes of email content that shoppers will be most likelyto respond to from their favorite retailers Q24 Insert MarketLive Logo
Creative Execution Counts Insert MarketLive Logo
1 in 3 shoppers plans to use a mobile phone for shoppingrelated purposes this holiday season, primarily to look up merchant (18%) or competitive (18%) pricing Q25 Insert MarketLive Logo
Extend Accessibility Test tools to better meet the needs of today’s mobile consumer Insert MarketLive Logo