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Ps257 2014 Multichannel Retail Trends - Connecting with the Connected Customer.

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Information about Ps257 2014 Multichannel Retail Trends - Connecting with the Connected...
Business & Mgmt

Published on February 16, 2014

Author: ikj

Source: slideshare.net

Description

Presentation given at NoNoobs' "Ecommerce Trends 2014" conference in Warsaw in February, 2014.

Taking as my theme the growth of the connected customer's influence in retail, I outline 10 trends that are current for the best retailers connected with that connected customer.
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Connecting with the Connected Customer 10 trends for multichannel retailers in 2014 COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

Trends ! Introductions and the customer! ! ! 1. Mobile, mobility and Tablets! 2. Delivery! 3. Click and Collect! 4. IRIS! 5. Seamlessness COPYRIGHT ianjindal.com and InternetRetailing.net ! ! ! 6. Staff! 7. Social inside the business ! 8. B2C - Brand to Consumer! 9. Product! 10. Total Retail [TM] February 12, 2014

Ian Jindal @etail @ianjindal ! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

European eCommerce ! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

Polish growth ! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

External growth? ! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

No silos ! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

1 Mobile and mobility ! Always, always on… COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

Mobile, mobile everywhere
 
 European Smartphone users (%)! 2013 MobiLens research COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

TITLE Mobile and tablet use - while watching TV! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

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 photobased; 70% mobile ! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

TITLE Touch-first design! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

TITLE Touch-first design - House of Fraser
 Swipe-able; touchable…! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

2 Delivering ! … on our promises COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

TITLE Delivery promise is a key aspect of selling! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

TITLE Delivery promise is a key aspect of selling! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

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)! •  •  •  •  COPYRIGHT ianjindal.com and InternetRetailing.net 72% - next day 44% - click and collect 18% - 6pm for next day Amazon - Sunday delivery trials February 12, 2014

TITLE •  Shutl.com! •  One-hour delivery! •  Tracking on mobile! •  To Shutl as well as to Google ?! •  Acquired by eBay, 2013! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

Collection – beyond store and home! Amazon lockers in malls! COPYRIGHT ianjindal.com and InternetRetailing.net Collect+ Kiala convenience stores February 12, 2014

3 Click and Collect ! Let s make it about you COPYRIGHT ianjindal.com and InternetRetailing.net 20 February 12, 2014

25% of online orders are for collection in store, but…! Halfords – 86% of orders are for click and collect! COPYRIGHT ianjindal.com and InternetRetailing.net Significant impact on store infrasture February 12, 2014

TITLE Click and collect – more than a button!! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

TITLE Web to store integration! COPYRIGHT ianjindal.com and InternetRetailing.net 23 February 12, 2014

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 COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

4 In-store ! Digital renaissance of the store COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

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 COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

Mobile in store
 
 European Smartphone users (%)! 2013 MobiLens research COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

Digital is in-store! John Lewis - StyleMe! COPYRIGHT ianjindal.com and InternetRetailing.net Significant impact on store infrasture February 12, 2014

Digital is in-store! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

Digital is in-store! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

TITLE 31 COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

Store, data, social…! COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

5 Seamless ! Mind the gap COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

6 STAFF ! The way they make you feel COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

TITLE Impact of store employees on purchasing! Be as empowered as our customers Knowledge as a key indicator within customer satisfaction. COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

Social inside the business 7 COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014 !

COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

8 B2C ! Brands to customer COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014

TITLE COPYRIGHT ianjindal.com and InternetRetailing.net 39 February 12, 2014

9 COPYRIGHT ianjindal.com and InternetRetailing.net Product love ! February 12, 2014

COPYRIGHT ianjindal.com and InternetRetailing.net 41 February 12, 2014

COPYRIGHT ianjindal.com and InternetRetailing.net 42 February 12, 2014

COPYRIGHT ianjindal.com and InternetRetailing.net 43 February 12, 2014

10 COPYRIGHT ianjindal.com and InternetRetailing.net Other trends ! 44 February 12, 2014

10 Other trends ! International, Internet of Things, Big Data, Insight, Wearable Technology … many more – but we’re talking about now… COPYRIGHT ianjindal.com and InternetRetailing.net 45 February 12, 2014

10 TOTAL RETAIL [tm] COPYRIGHT ianjindal.com and InternetRetailing.net February 12, 2014 !

Trend -> action ! •  Body Level One! –  Body Level Two! •  Body Level Three! –  Body Level Four! »  Body Level Five COPYRIGHT ianjindal.com and InternetRetailing.net •  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! 47 February 12, 2014

TITLE Thank you – Dziękuję! ! •  www.ianjindal.com! •  ian@jindal.net! •  @ianjindal! •  •  •  •  COPYRIGHT ianjindal.com and InternetRetailing.net www.internetretailing.net! www.internetretailingawards.com! www.internetretailingconference.net! @etail! February 12, 2014

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