British consumers say they want better access to information, products, processes and more individual and personalised retail interactions when shopping, according to global consumer research project by Oracle.
The report, entitled 'The New Retail Democracy', highlighted a number of opportunities for UK retailers to differentiate themselves and grow their business in a competitive marketplace which is dominated by increasing consumer power.
The study suggests that, in order to better understand, empower and represent consumers, retailers must invest in the right technologies to allow consumers to shop how they want, when they want, across all touch points.
British consumers contributed to the recent global research which explores the increasingly democratic relationship between retailers and the digitally empowered consumers. Among the key UK-relevant findings of the research:
"As British consumers continue to demand better control of how, when and where they make purchases, providing commerce anywhere is imperative for retail success," concluded Mike Webster, senior vice president for Oracle Retail. "Retailers in the UK and across the world need to invest in a truly aligned and integrated retail operation which places the needs of individual consumers at the forefront of its strategy."
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