Previously loyal Toys'R'Us shoppers still up for grabs
Marking the first major holiday shopping season in recent years without the failed retail giants Toys R Us and Babies R Us, the majority of consumers (65%) said they would be frequenting bricks-and-mortar stores but, at the same time, they also wanted the convenience of using mobile apps for at least some of their toy and baby product purchases, according to research from advertising platform provider Criteo.
The study, entitled "Toys'R'Us and Babies'R'Us Shopper Survey Findings", noted that there were millions of previously loyal Toys'R'Us shoppers still "up for grabs" during the 2018 holiday shopping season.
"This shopper insights demonstrate the critical importance of a seamless offline and online shopper journey for retailers looking to gain market share in the wake of these retail giant bankruptcies," said Jaysen Gillespie, Criteo, VP, Head of Analytics and Insights. "For both holiday and everyday purchases, shoppers rely on digital channels for convenience but still crave in-store experiences with their families, especially when searching for the perfect toy. Brands that can offer both will have a significant advantage among competitors."
Additional findings from the study included:
"One of the great joys of shopping at Toys'R'Us & Babies'R'Us was the incredible level of assortment that would expand the planned holiday purchase," said Amy Lanzi, EVP, North America Commerce Practice Lead at Publicis Media. "Target and Walmart are working hard to create meaningful experiences that encourage basket-building discovery moments at their stores, and online, that fit the varied price and convenience expectations of today's holiday shoppers."
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