PETALUMA, CA and CHICAGO, IL -- (MARKET WIRE) -- 10/19/09 --
MarketLive, Inc.
(www.marketlive.com), the leading eCommerce platform and services provider
for mid-market specialty retailers, and the e-tailing group
(www.e-tailing.com), the industry's premier shopper-centric eCommerce
consultantancy, today revealed results from the 2009 Mindset of a
Multi-Channel Shopper Survey. The report polled more than 1,000 consumers
about their shopping habits and plans for the upcoming holiday season. It
revealed that 55 percent of surveyed shoppers plan to do their holiday
shopping online this year, compared to 49 percent last year. It also
reports that online channel continues to gain wallet share as indicated
that by the fact that 26 percent of shoppers plan to purchase more gifts
using the Internet. Last year only 21 percent planned to buy more gifts
online.
These trends, as well other insights into what will motivate consumers to
buy this holiday season, will inform retailers as they implement targeted
strategies that will appeal to holiday shoppers and improve 2009 results.
"There are lots of surveys that focus on the holidays from the perspective
of retailers," said Ken Burke, Founder and Chairman of MarketLive. "This
survey is unique in that it approaches the holiday shopping season from the
consumer's point of view -- an ultimately more important perspective. The
information and insights gained from this research are invaluable for
retailers as they prioritize holiday campaigns and offers, and implement
marketing and merchandising strategies this season."
Survey Highlights
In addition to the increase in shoppers buying holiday items online, the
report also revealed that:
-- Eighty-eight percent of shoppers are willing to pay full price for
hard-to-find products, customer conveniences and effective customer
service such as an 800 number, online chat, simple-to-use order status, and
email alerts when orders are shipped.
-- Eighty-five percent of survey respondents report the primary reason
for shopping online is still time saving, but 40 and 38 percent of shoppers
respectively also rate wish lists and reviews as increasingly important.
-- Books, clothing, music, gift certificates, toys, and consumer
electronics are the top product categories shoppers are likely to purchase
online by at least 33 percent of respondents.
-- Sixty-two percent of shoppers report that high shipping charges remain
the primary reason they will not buy more online, highlighting the fact
that free shipping offers will again be very compelling this season.
-- While shoppers indicated a desire to remain loyal to their favorite
retailer, 70 percent indicated that they are likely to shop competitors'
websites or retail stores when they encounter out-of-stock products this
holiday season.
-- In-store pick-up for products purchased online was cited as important
by 60 percent of shoppers.
-- One in three shoppers plan to use a mobile phone for shopping-related
purposes such as price checks, in-stock checks, and redemption of
promotions this holiday season.
-- This holiday season social networking sites will
influence shopping behavior for 37 percent of online shoppers versus
24 percent last year.
"It's exciting to see shoppers continue to embrace the web channel,
especially in these challenging economic times," said Lauren Freedman,
President of the e-tailing group. "We as merchants must remain vigilant and
deliver truly convenient, compelling and customer service-oriented
experience to continue to reap market share channel gains. With this, and
other findings from the report, retailers can implement targeted strategies
that will greatly improve business results for 2009 and beyond."
Essential Strategies Showcased in Oct 22 Webinar
The survey's key findings and effective holiday strategies for retailers
will be showcased in a free webinar, titled "The ROI of Christmas Present
-- Capture Your Fair Share of Consumer Spending During Challenging Times,"
on October 22, 2009 at 10:00 a.m. Pacific time. Register to attend the
webinar, at www.marketlive.com/consumer09.
"The e-tailing group offers over 15 years of e-retailing experience and
we've learned which strategies will help retailers weather today's economic
climate," added Freedman. "By looking at retailing from the eyes of the
consumer, retailers can captivate shoppers and maximize ROI for their
holiday efforts."
During the webinar, retailers will learn:
-- "Must-have" merchandising and promotional strategies for the holiday
season
-- What it will take for consumers to pay full price for gifts this
holiday season
-- What gets shoppers attention beyond free shipping
-- Which onsite gifting tools matter the most and how service impacts
brand perception
-- How promotional features rank for influencing buying decisions
-- Cross-channel shopping plans for pre- and post-holiday periods
-- How mobility and social networking are beginning to factor into
consumer decision making
"Building effective holiday strategies can be tricky," said Burke. "Our
Internet Strategy and Solutions groups work closely with our client
retailers to build sound marketing and merchandising strategies that are
tied to consumer preferences."
About MarketLive
Since 1995, MarketLive, Inc. (www.marketlive.com) has provided
enterprise-class eCommerce retail technology and services that help
fast-growing companies successfully sell goods and services online.
Designed to meet the unique requirements of catalogers, retailers, direct
marketers, and manufacturers, the extensible MarketLive(R) eCommerce Suite
and MarketLive's best practices-based Intelligent Selling(R) methodology
enable merchants to enhance their customers' experience online while
dramatically improving acquisition, conversion, and retention rates. The
MarketLive platform is the most retail-targeted, fully featured,
customizable eCommerce solution on the market today. MarketLive powers
successful retail eCommerce sites, including Peruvian Connection, Bon-Ton
Stores, Sports Chalet, Design Toscano, Gaiam, Greatland, Party City and
many others.
About the e-tailing group
The e-tailing group, inc. serves as the multi-channel merchant's eye,
bringing a merchant's sensibility to evolving the multi-channel shopping
experience. A Chicago-based consultancy, they provide practical strategic
perspectives and actionable merchandising solutions to merchants selling
online as well as to enabling technology firms. For more background about
this research study or additional information on the e-tailing group, inc.
please contact Lauren Freedman at LF@e-tailing.com or visit the e-tailing
group website www.e-tailing.com.
Contact:
Kelli Tejada
MarketLive, Inc.
415.271.9820
Email Contact
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