ICSC Survey: Technology and Personalization Drive the Retail Experience

ICSC survey finds that 87 percent of Millennials click-and-collect

NEW YORK–(BUSINESS WIRE)–A new survey released today by International Council of Shopping Centers
(ICSC) shows that consumers welcome technology that provides access and
ease to the shopping experience. The ICSC Retail Technology Survey
reveals that consumers of all ages are seeking an integration of
technology and shopping. With the right mobile and digital platforms,
retailers can draw customers into their store for experience and
purchasing.

“Consumers are the drivers of demand, and they’ve made it clear they
want more technology integrated into their shopping experience,” said
Tom McGee, President and CEO of ICSC. “Our study shows that consumers
are calling for access to more information in stores. The retailers who
innovate in this area, making the experience more efficient and the
consumer better informed, will win at the register.”

Access to Information Improves Experience

Consumers are seeking more in-store technology to make accessing
information and shopping easier and they believe that technology is
poised to do just that. By 2020, consumers stated they want to:

  • Have access to products/sizes available in store without engaging a
    salesperson (62 percent)
  • Virtually view how home furnishings and how accessories fit in a home
    before they make a purchase (55 percent)
  • Compile a shopping list on a store app and receive a floor map to
    locate products (54 percent)

Consumers Clicking and Connecting Through Entire Shopping Journey

Technology’s integration into every facet of our lives shapes the way
consumers think about their next purchase. From informing their
decisions early in the purchase to checking out of the store, technology
vastly improves and eases the experience. Click-and-collect has been the
best example of this, where nearly three out of four consumers (73
percent) have bought a product online from a mobile device and picked it
up in a store. Other ways consumers use technology to connect while
shopping include:

  • 87% of Millennials and 79 percent of Generation X use their mobile
    device to make a click-and-collect purchase
  • 71% of consumers have one or more retailer apps on their phones and 74
    percent of them access these apps at least once a week

    • 86% of Millennials access a retailer app weekly and members of
      Generation X and the Baby Boomer generation, 74 percent and 61
      percent, respectively

    Personalized Shopping a Growing Priority

    Personalization remains a key focus for consumers and they seek out
    retailers who will deliver customized results. Personalized experiences
    consumers are seeking include:

    • 80% of those who have mall/shopping center apps choose to receive
      notifications about sales/promotions and/or special events while
      shopping
    • 44% of respondents want to receive access to apps or screens that make
      it easy to get information such as ingredients in products for
      allergies, dietary needs, etc.
    • 43% of consumers are receptive to the idea of retailers personalizing
      prices based on their shopping patterns and demographics
    • 39% would visit a mall or shopping center more often if they received
      alerts from stores that are selling products they are interested in
      purchasing

    “Technology creates innumerable opportunities for retailers to better
    reach – and convert – consumers,” continued McGee. “Collecting data on a
    shopper’s specific buying habits can create a healthier connection.
    Through closely understanding the wants and needs of shoppers, retailers
    can drive more store visits and create a stronger bond.”

    Methodology

    The ICSC Retail Technology Survey was conducted online by Opinion
    Research Corporation on behalf of ICSC from February 16-19, 2017. The
    survey represents a demographically representative U.S. sample of 1,022
    adults 18 years of age and older.

    About ICSC

    ICSC serves the global retail real estate industry. We provide our
    70,000+ member network in over 100 countries with invaluable resources,
    connections and industry insights, and actively work together to shape
    public policy. For more information about ICSC visit www.icsc.org.

    Contacts

    ICSC
    Stephanie Cegielski, 646-728-3572
    scegielski@icsc.org

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