What retailers can do to boost micro-shopping moments
On the heels of Amazon Prime day and after record-setting year-end holiday sales in 2017, retailers will need to plan ahead for the critical 2018 holiday sales season to meet the high expectations of consumers who are demanding convenient, easy and seamless shopping experiences.
According to Alliance Data's "2018 Holiday Retail Outlook" white paper, authored by experts in Alliance Data's card services business, Epsilon, Conversant and LoyaltyOne, the retail outlook heading into holiday 2018 is positive, and 5,000 net new store openings are forecasted before the end of the year - on top of 4,000 net new store openings in 2017 - presenting more choices for consumers who are increasingly creating their own individual shopping journeys, whether in-store or online. Their decisions are made in the moment, and retailers need to stay one step ahead, anticipating what shoppers need across every channel.
Among the insights derived and eight key trends identified based on marketing and loyalty programs developed for the company's 2,000 global clients:
The paper concludes that the holiday selling season is a key opportunity to introduce customers to a brand and deepen connections with existing customers, so retailers should ensure their loyalty programs provide meaningful rewards to create authentic connections.
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