The document outlines 10 trends for multichannel retailers in 2014 according to Ian Jindal. The trends discussed include the growing importance of mobile and tablet usage, delivery and click-and-collect options, integrating digital experiences in physical stores, seamless customer experiences, empowered employees, social media, direct customer branding, product focus, and considering retail as a total experience across channels.
10 Trends Connecting Retailers to Customers in 2014
1. Trends 2014
Connecting with the
Connected Customer
10 trends for multichannel retailers in 2014
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2. Trends
!
!
1. Mobile, mobility and Tablets!
2. Delivery!
3. Click and Collect!
4. IRIS!
5. Seamlessness
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!
6. Staff!
7. Social inside the business !
8. B2C - Brand to Consumer!
9. Product!
10. Total Retail [TM]
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6. Mobile, mobile everywhere
European Smartphone users (%)!
2013 MobiLens research
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7. TITLE
Mobile and tablet use - while watching
TV!
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8. TITLE
Mobile will be 61% of web traffic by 2016!
• Twitter - 2.1bn searched a day; 80% mobile
• YouTube - 100hrs/minute uploaded, 1 Billion
users/month; 25% mobile
• Facebook - 70% of activity photo-based; 70%
mobile
!
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10. TITLE
Touch-first design - House of Fraser
Swipe-able; touchable…!
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11. 2
Delivering
!
… on our promises
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12. TITLE
Delivery promise is a key aspect of selling!
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13. Delivery promise is a key aspect of
selling!
Customers
Retailers
• 46% abandon due to delivery
concerns (IMRG)
• 50% looks for delivery data when
they start to shop
• 80% want progress updates after
purchase (SMS and Email - 89%
preference)!
•
•
•
•
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72% - next day
44% - click and collect
18% - 6pm for next day
Amazon - Sunday delivery trials
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14. Collection – beyond store and home!
Amazon lockers in malls!
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Collect+ Kiala convenience stores
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15. 3
Click and Collect
!
Let s make it about you
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16. 25% of online orders are for collection in
store, but…!
Halfords – 86% of orders are for click and collect!
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Significant impact on store infrasture
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17. TITLE
Click and collect – more than a button!!
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18. TITLE
Web to store integration!
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February 13, 2014
19. TITLE
Multichannel customers are worth 4x - an
additional advantage of click and collect!
• Multichannel customer worth circa
4x a single-channel customer!
• Some retailers now saying 8~12x!
• 1 in 3 customers who collect in
store but other products!
• 1 in 3 returns customers spend
more than the returns value!
Source: Aberdeen; interviews; JC Williams Group; McKinsey analysis
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21. The store is important to our customers!
The store is used to fulfil and to inspire!
Customers use of channels
• 44% always check online first!
75%
• 65% check store first!
65%
• 87% see multi-channels as
important
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22. Mobile in store
European Smartphone users (%)!
2013 MobiLens research
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23. Digital is in-store!
John Lewis - StyleMe!
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Significant impact on store infrasture
February 13, 2014
28. 6
STAFF
!
The way they make you feel
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29. TITLE
Impact of store employees on
purchasing!
Be as empowered as our
customers
Knowledge as a key
indicator within
customer satisfaction.
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30. Social inside the business
7
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!
39. 10
Other trends
!
International, Internet of Things, Big
Data, Insight, Wearable Technology
… many more – but we’re talking
about now…
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February 13, 2014
41. Trend -> action
!
• Body Level One!
– Body Level Two!
• Body Level Three!
– Body Level Four!
» Body Level Five
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• Customers are driving us !
• Make and deliver promises digitally, in store, delivery!
• Seamless execution!
• People, process, technology!
– Training and empowerment!
– Capability at every touchpoint!
– Seamless data!
• Customer experience under
your brand!
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42. TITLE
Thank you !
• www.ianjindal.com!
• ian@jindal.net!
• @ianjindal!
•
•
•
•
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www.internetretailing.net!
www.internetretailingawards.com!
www.internetretailingconference.net!
@etail!
February 13, 2014