The physical retail store is falling far short of meeting consumer expectations for personalisation, according to a retail market report by omnichannel retail software provider iVend Retail, which provides new insights into ways in which retailers can deliver experiences that better meet customer expectations.
The report, entitled 'Great Omnichannel Expectations', was based on a survey of 1,000 US and Canadian consumers and concluded that, while the physical store is still the most profitable channel for retailers, it still has much room for improvement when compared to the personalised experience consumers receive while shopping online.
Consumers have become conditioned by the convenience of eCommerce. It is essential for retailers to integrate many of the features consumers are experiencing while online shopping, such as targeted deals and advertisements.
"When consumers shop online, they receive an individualised experience - including loyalty offers or recommendations tailored to their specific preferences. While many retailers have made strides in this area, their efforts have not yet fully translated to the physical store, where the consumer is more anonymous," said Tim Barton, Director of Strategic Accounts at iVend partner CitiXsys.
Key themes and findings from the report included:
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