Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business. You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy.

Get it on Amazon (Kindle/Print)

Good digital CX is just as important as retail pricing

Many in-store shoppers come from good digital experiences

The global survey of 3,000 consumers from across the United States, Australia, and Germany explores insights and perspectives of consumers regarding the digital retail experience and what they desire from retailers to stay engaged, satisfied and loyal. It found that brick-and-mortar retailers are more apt to grow and maintain a loyal customer base if they invest in the digital experience they offer shoppers both online and in-store.

The majority (89%) of respondents say a positive digital shopping experience impacts brand loyalty just as much as their prices, and 79% believe brick-and-mortar retailers have a short, three-year window to provide shoppers with strong digital experiences in order to remain competitive. This is significantly higher than what retailers said in Riverbed's survey last year, with 47% of retailers believing they only have three years to deliver a compelling digital shopping experience to stay competitive.

One of the biggest problems brick-and-mortar retailers face today is declining foot traffic, which is driving closures of physical stores. However, brick-and-mortar retailers have a huge opportunity to attract new customers to their stores, as 47% of consumers say they have specifically visited a store for the first time because of the enjoyable online digital experience that the brand provided. And that number jumps to 60% for Millennial shoppers, and 57% for German consumers.

As you might expect, when consumers were asked to rank the three most important online features, the ability for sites/apps to load quickly (57%) is considered most important, followed by an appealing design including photos/videos (54%). The next most important online features include:

• 45% - Digital coupons, online rewards, and loyalty apps
• 43% - Ability to shop online and pick-up instantly in-store
• 40% - Access to consumer reviews
• 36% - Quick access to customer service via chat
• 25% - Interactive features that allow consumers to design or customize outfits, room designs, etc.

The Retail Experience that Consumers Want
The digital experience for consumers doesn't start and end online, as consumers want brick-and-mortar retailers to offer in-store digital services and features that enhance the overall shopping experience. The most popular digital offerings that consumers typically take advantage of while shopping in-store include in-store Wi-Fi (34%), using a store-specific mobile app (27%), opting for digital receipts via email at check-out (25%), and using third-party mobile apps for things like digital coupons, discounts or price comparison shopping (22%). Using ordering kiosks and in-store virtual assistants rated lower at 14%.

However, getting consumers in the door for the first time will require investing in new digital technologies or spaces. Sixty-eight percent of consumers surveyed said at least one of the following digital or in-store experiences would appeal to them enough to shop at a brick-and-mortar store for the first time:

• 36% - Automated checkout sans sales associate
• 29% - "Smart" shelves with automatic sensors that maintain inventory
• 23% - Virtual or augmented reality
• 22% - Opening a "pop up" shop in a high traffic location

There are also a number of geographical differences. For example, in the U.S., automated checkouts came in at 44%; in Germany, 'smart shelves' ranked highest at 33%; and Australians at 27%, are more likely than American or German consumers to shop for the first time at a retailer as a result of a pop-up store.

Man vs. Machine to Influence Retail Wars?
While the idea of drone delivery continues to make headlines, many consumers have split and differing opinions about it. While 43% are positive on drone delivery (24% say it's cool and 19% think the concept is efficient), 57% are not (35% feel it's just unnecessary and 22% think it's disturbing). However, 55% of millennials are positive on drone delivery, with 31% saying it's cool, and 25% efficient.

For shoppers to be happier in-store it looks like, over time, retailers will need to provide less, not more, human interaction. While, overall, 85% say they would like to interact with humans rather than technology at least for part of the shopping experience, the picture starts to shift when it comes down to specifics. For returns or help finding items in-store, half or 50% of consumers want to interact with humans and the others with technology.

However for making a purchase and getting shopping recommendations (or fashion advice), 63% and 67% respectively, would prefer to interact with technology versus humans. And of the consumers surveyed, 15% even said there is nothing they would rather interact with a human than a chatbot.

Poor Retail Experiences Have Consequences
There is nothing worse than an unhappy customer, and 71% of shoppers that had poor digital shopping experiences have taken some form of action as a result:

• 39% - Decided to shop at a different store
• 38% - Told family and friends about the negative experience
• 27% - Contacted customer service with feedback
• 26% - Returned an item they had purchased
• 19% - Posted negative reviews online

US consumers at 77% are most likely to take some action for a poor digital shopping experience, versus consumers in Germany (69%) and Australia (67%).

And, while consumers want great digital experiences, they are very much on the fence when it comes to stores using their personal data to deliver a more customized experience. A slight majority (54%) prefer not to sacrifice their personal data and receive a less tailored service, while 46% are willing to give up data for a more personalized experience.

"This study reveals that it's essential to provide consumers with engaging online and in-store digital experiences if brick-and-mortar retailers want to remain relevant - or risk losing their business," said Subbu Iyer, SVP and CMO, Riverbed Technology. "This doesn't mean retailers must invest in every new technology that comes along, but they do need to find the sweet spot that lives at the intersection of technology and consumer expectations, as well as having the underlying infrastructure to support these digital initiatives and ability to measure and manage the customer's digital experience."

Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business.

You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy. Grab this goldmine of easily adaptable and up-to-date strategies, walk-throughs, trends, technologies, research, suppliers and partners, plus all the supporting arguments you need to build a solid CX strategy.

While most marketers could list maybe a dozen key points for improving their brand's Customer Experience (CX), the researchers and writers at The Marketing Factbook have identified FORTY main 'CX Keys' which will help you drive your customers to new levels of delight, loyalty, advocacy and profitability.

The areas in which customers have direct contact with your organization are perhaps the most obvious places in which CX improvements can be made, and this report addresses all 24 of these 'Direct CX Keys', applicable to offline and online businesses alike.

At the same time there are many other areas that indirectly affect CX (such as the supply chain, policies and processes) in which every business can make simple but far-reaching improvements. This report guides you through the problems and solutions for all 16 of these 'Indirect CX Keys', many of which are often forgotten or under-played even in the best CX strategies.

Get it on Amazon (Kindle/Print)