Americans will be hankering to live more like the Jetsons, snatching up everyday consumer products that talk back and tell users what they need to know (or what they think they need to know). At the same time, retailers will operate more and more like Big Brother, sending shoppers more targeted emails that reflect stores’ increasingly sophisticated monitoring of buying patterns and behavior. Those are two of the five major digital trends that will drive the holiday shopping experience this year, said Kyle Lacy, senior manager of content marketing and research for ExactTarget, a provider of digital marketing software solutions.
Consumer expectations have changed significantly in recent years; the advent of mobile, online and social channels have seen to that. Rakuten has grown from a niche e-commerce player to a global online marketplace in just 16 years. In that time we've learned a few things about how to ensure online success for retailers in an ever-competitive climate. Consider the following five steps:
For omnichannel retailer QVC, social shopping isn't so much about the platform consumers are using (Facebook, Twitter, Pinterest, etc.), it's about consumers talking with each other about shopping via word-of-mouth. For example, "I like that shirt, where did you get it?" That's social shopping, according to Alex Miller, the vice president of e-commerce at QVC. Miller was a keynote speaker yesterday at the eTail East conference in Philadelphia.
With the onset of internet shopping and the subsequent pressure on physical stores to compete, the retail industry has seen a number of long-term trends emerge from this dichotomy. One trend that's more hotly contested and trailblazing than others is the power of brands, and the pressure these brands are putting on retail developers to ensure that their interests are being represented.