CEO of GroupBy , a SaaS-based product discovery platform powered by Google Cloud Retail AI.
In-store shopping is on the rise again, as more consumers were projected to head to the stores during the 2022 holiday season compared to the 2021 season. While online shopping may beat brick-and-mortar in convenience and ease, the sensory experience of in-store just can’t be replicated through the screen. Despite the particular ongoing debate over whether online or in-store will become king, consumers have made it loud and clear—they use both.
According in order to a report by IBM and the National Retail Federation, most customers start their shopping journeys online, with around 75% associated with consumers learning about a product through channels like a website or marketplace. However , that figure changes dramatically in the consideration phase, where 65% of consumers report shifting to in-store behavior.
The Role Of Tech In Serving Today’s Hybrid Shoppers
Consumers are blending the benefits of in-store and online stations to forge a path to purchase that fits their needs. In this new era of cross-channel retail, digital is an indispensable sales channel. It is the key to connecting a customer’s online data to their in-store experience, creating relevancy throughout the customer journey. With technical innovation and creativity, it can deliver an elevated buying experience that will truly meets customers exactly where they are—whether online, in-store or somewhere in between.
To reach the particular true potential of the hybrid environment, retailers need to have a solid technical foundation built around connectivity, personalization plus flexibility. This includes a marketing solution connecting customers’ online and in-store information, robust AI-powered product finding delivering highly personalized search and recommendations, and versatile inventory management. A website’s search, browse and suggestions functionality as well as its inventory management must be flexible enough to scale among enterprise-wide plus store-specific environments to match customer behavior and preferences.
Use Experience To Extend Purchases
Several factors determine whether the customer may purchase something online or even in-store: comfort, value, want, variety and time. These all vary from purchase in order to purchase. A customer could pass a store on the drive home one week and then be overwhelmed with after-school activities the next. One factor that remains consistent is the sensory experience. When asked why they prefer to shop in-store, the IBM report found that 50% of shoppers said they prefer to touch and feel products before purchase.
Items with a high encounter factor can be a great way to entice customers in order to stores, and you can use previous online purchases to lure them within. Say a customer orders a record player on the internet; you could include a good in-store discount for high-quality speakers with their order. While you could up-sell them throughout the initial purchase, speakers are an experiential product—especially for music enthusiasts who can become sticklers for sound quality. They may test the particular product out for themselves in-store, and a person can extend that buy by catering to the shopping experience they are a lot more likely to want with regard to this item.
Take Time And Place Into Account
Consumable items like cleaning products and personal hygiene will always be a sure bet regarding in-store purchasing. We tend to forget we need them until we’ve run out, creating an immediate need and a last-minute trip to the store. By merging past purchase data plus in-store location, retailers can use push notifications or flash promotions through their retail app as convenient reminders. Product discovery can also provide AI-driven product recommendations centered around consumption cycles, which prompt shoppers to “buy it again” at the right time via personalized product carousels. This can allow shoppers that prefer a good online encounter to very conveniently add these easy-to-forget consumables for their shopping cart. This type of convenience can keep consumers coming back.
Streamline In-Store Trips With Augmented Reality
Store has a long history of moving and rearranging inventory in order to catch the particular eye associated with shoppers and capitalize on impulse buys. In today’s market, however , convenience will be king. Customers don’t want to waste period wandering the aisles, turning a 10-minute trip into an hour-long venture. They’re looking for ways to speed things up. According to Search engines, 56% of consumers use their smartphones when shopping in-store, plus product location is 1 of their top activities.
Displaying aisle numbers and including store maps are standard app features, but the next phase associated with product area will streamline entire journeys. By combining shopping lists, product locations and shop maps, retailers could use kiosks or the store app to layer those data points together and display the particular most efficient route back to customers. They could then capitalize on that time saved by offering customized promotions or even coupons at the start of the visit, allowing consumers in order to add them to their route.
Don’t Let A Trip Be Wasted
Confirming a product is in stock is usually another common use of digitally aided shopping. Whether a consumer forgot to look the particular item upward before their own arrival or remembers a last-minute product, it’s never a pleasant surprise when the thing you’re looking for is out of stock. When this happens in buying online, customers are usually met with a list associated with similar items to keep them on the site; this particular same tactic can be applied in-store. Technology can allow the particular app to present customers having a list of similar products in the store they are standing in and make them feel like these people didn’t waste a trip.
In its current State associated with Retail statement , the National Retail Federation states that “all shopping is definitely retail. ” While the industry has been slow to take this stance, it’s been the particular perspective of consumers from the beginning; in the absence of innovation through businesses, they’ve used the tools at their disposal to create their particular hybrid paths to buy. To meet this modern buyers, retailers should adopt the single-journey mindset and invest in modern technology that unifies the client experience across the omnichannel.