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SAN FRANCISCO and NEW YORK CITY– January 13, 2019 – Riverbed®, The Digital Performance Company™, today announced at NRF 2019, the results of its Riverbed Retail Digital Trends Survey 2019, which explores insights and perspectives of consumers regarding the digital retail experience and what they desire from retailers to stay engaged, satisfied and loyal. The global survey of 3,000 consumers from across the United States, Australia, and Germany reveals that brick-and-mortar retailers are more apt to grow and maintain a loyal customer base if they invest in the digital experience they offer shoppers both online and in-store. A vast majority (89%) of respondents say a positive digital shopping experience impacts brand loyalty just as much as their prices, and 79% believe brick-and-mortar retailers have a short, three-year window to provide shoppers with strong digital experiences in order to remain competitive. This is significantly higher than what retailers said in Riverbed’s survey last year, with 47% of retailers believing they only have three years to deliver a compelling digital shopping experience to stay competitive.
LinkedIn: Riverbed Retail Digital Trends Survey 2019 Reveals Positive Digital Shopping Experience Just as Important as Great Prices: https://rvbd.ly/2QH9ZZs
“This study reveals that it’s essential to provide consumers with engaging online and in-store digital experiences if brick-and-mortar retailers want to remain relevant — or risk losing their business,” said Subbu Iyer, SVP and CMO, Riverbed Technology. “This doesn’t mean retailers must invest in every new technology that comes along, but they do need to find the sweet spot that lives at the intersection of technology and consumer expectations, as well as having the underlying infrastructure to support these digital initiatives and ability to measure and manage the customer’s digital experience. Riverbed is committed to helping retailers gain the competitive edge they need to best serve a customer base that continues to evolve as more tech-savvy and demanding.”
Infographic: The Modern Digital Shopping Experience
Brick-and-Mortar Retailers Can Reboot with New Digital Experience Strategy
One of the biggest problems brick-and-mortar retailers face today is declining foot traffic, which is driving closures of physical stores. However, brick-and-mortar retailers have a huge opportunity to attract new customers to their stores, as 47% of consumers say they have specifically visited a store for the first time because of the enjoyable online digital experience that the brand provided. And that number jumps to 60% for Millennial shoppers, and 57% for German consumers.
As you might expect, when consumers were asked to rank the three most important online features, the ability for sites/apps to load quickly (57%) is considered most important, followed by an appealing design including photos/videos (54%). The next most important online features include:
The 360-degree Digital Experience Consumers Want from Retailers
The digital experience for consumers doesn't start and end online, as consumers want brick-and-mortar retailers to offer in-store digital services and features that enhance the overall shopping experience. The most popular digital offerings that consumers typically take advantage of while shopping in-store include in-store Wi-Fi (34%), using a store-specific mobile app (27%), opting for digital receipts via email at check-out (25%), and using third-party mobile apps for things like digital coupons, discounts or price comparison shopping (22%). Using ordering kiosks and in-store virtual assistants rated lower at 14%.
However, getting consumers in the door for the first time will require investing in new digital technologies or spaces. Sixty-eight percent of consumers surveyed said at least one of the following digital or in-store experiences would appeal to them enough to shop at a brick-and-mortar store for the first time:
There are also a number of geographical differences. For example, in the U.S., automated checkouts came in at 44%; in Germany, ‘smart shelves’ ranked highest at 33%; and Australians at 27%, are more likely than American or German consumers to shop for the first time at a retailer as a result of a pop-up store.
Man vs. Machine to Influence Retail Wars
While the idea of drone delivery continues to make headlines, many consumers have split and differing opinions about it. While 43% are positive on drone delivery (24% say it’s cool and 19% think the concept is efficient), 57% are not (35% feel it’s just unnecessary and 22% think it’s disturbing). However, 55% of millennials are positive on drone delivery, with 31% saying it’s cool, and 25% efficient.
For shoppers to be happier in-store it looks like, over time, retailers will need to provide less, not more, human interaction. While, overall, 85% say they would like to interact with humans rather than technology at least for part of the shopping experience, the picture starts to shift when it comes down to specifics. For returns or help finding items in-store, half or 50% of consumers want to interact with humans and the others with technology. However for making a purchase and getting shopping recommendations (or fashion advice), 63% and 67% respectively, would prefer to interact with technology versus humans. And of the consumers surveyed, 15% even said there is nothing they would rather interact with a human than a chatbot.
Retailers Beware - Deliver a Poor Digital Experience and Consequences Will Follow
There is nothing worse than an unhappy customer, and 71% of shoppers that had poor digital shopping experiences have taken some form of action as a result:
U.S. consumers at 77% are most likely to take some action for a poor digital shopping experience, versus consumers in Germany (69%) and Australia (67%).
And while consumers want great digital experiences, they are very much on the fence when it comes to stores using their personal data to deliver a more customized experience. A slight majority (54%) prefer not to sacrifice their personal data and receive a less tailored service, while 46% are willing to give up data for a more personalized experience.
The Riverbed Retail Digital Trends Survey 2019 is the result of a custom online survey completed in early January 2019 by Wakefield Research with 3,000 consumers from across the United States, Australia, and Germany (1,000 in each country). Riverbed, headquartered in San Francisco, enables retailers to transform the customer’s digital shopping experience by optimizing their online and in-store channels, providing next-gen infrastructure to rapidly deploy new retail locations and the delivery of apps and digital services, and tools to manage and monitor the customer’s digital experience. Among Riverbed’s 30,000+ customers are 100% of the world’s Top 10 retailers.
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Riverbed®, The Digital Performance Company™, enables organizations to maximize digital performance across every aspect of their business, allowing customers to rethink possible. Riverbed’s unified and integrated Digital Performance Platform™ brings together a powerful combination of Digital Experience, Cloud Networking and Cloud Edge solutions that provides a modern IT architecture for the digital enterprise, delivering new levels of operational agility and dramatically accelerating business performance and outcomes. At more than $1 billion in annual revenue, Riverbed’s 30,000+ customers include 98% of the Fortune 100 and 100% of the Forbes Global 100. Learn more at riverbed.com.
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