Page 12 - GS170102
P. 12

News




        Officer of the International Council of Shopping Centers,   retailers, researchers found. The ICSC study found 70
        a global trade association established in 1957. "The strong   percent of adults who visited shopping centers during the
        holiday shopping season suggests a positive environment   holiday season engaged in ancillary activities, including
        for retail sales overall."                              the following:
                                                                   •  Price comparison:  52 percent used connected de-
        Chris Mason, CEO and co-founder of online menswear            vices to compare prices.
        retailer Branding Brand Inc., said the mobile web attracts
        new customers, and mobile apps earn their loyalty. "Mobile   •  Inventory checking: 40 percent checked item avail-
        is the primary growth channel, traffic channel and soon to    ability.
        be revenue channel for e-commerce," he added.              •  Coupon presentment: 37 percent presented digital

        Consistent online, in-store growth                            discounts or coupons at the POS.
                                                                   •  Product reviews: 33 percent read or wrote product
        The ICSC's  Post-Holiday Consumer Shopping Survey,            or service reviews.
        published Jan. 3, 2017 was based on a survey of 1,030
        adults. It was conducted by Opinion Research Corp.         •  Dining and entertainment: 45  percent dined  at a
                                                                      restaurant; 26 percent saw a movie.
        between Dec. 27 and 28, 2016. Respondents indicated they
        had spent an average of $711 on holiday-related gifts in   In-store, online mix
        2016, a 16 percent increase in overall holiday spend above
        the $611 average spent during the same period in 2015.  Post-holiday reports have shown mobile and ecommerce
                                                                activities  can  benefit  brick-and-mortar  retailers.
        Despite record numbers of ecommerce spending,           According to ICSC analysts, consumers who shop online
        consumers continued to shop in brick-and-mortar stores,   for holiday gifts "routinely opt to shop with retailers that
        which represented almost 70 percent of total holiday-   have a physical location." The association also stated it is
        related spending. This data reflects the predominant    confident shopping centers will remain "integral to the
        omnichannel trends across retail, as merchants strive to   social fabric of their communities by providing a central
        satisfy the shopping behaviors of all generations, McGee   place to congregate with friends and family, discuss
        noted. "The convergence of physical and digital continues   community matters, and participate in and encourage
        to be important, as consumers have come to expect an    philanthropic endeavors."
        integrated  experience  allowing  them  to  buy  products
        through a variety of channels," he said.                Synchrony Financial researchers concluded that digital
                                                                shopping, social media influence and mobile payment
        Increased smartphone shopping                           schemes have permanently altered the retail landscape.

        The Synchrony Financial Digital Study, released in October   "As the quality of digital retail experiences increases,
        2016, identified increasing use of smartphones among all   consumers will continue to feel more comfortable using
        key demographic groups. Researchers used survey data    this media for their shopping transactions," they wrote.
        gathered from 1,294 adults between May and June 2016.   "To provide a better, more satisfying shopping experience,
        Following are key metrics in the study:                 as well as to stay competitive and relevant, retailers must
                                                                be constantly innovating and exploring new ways of
            •  Increased mobile usage: 67 percent of respondents   leveraging today's digital technology and tools."
               completed a shopping-related task on a mobile
               phone, up from 45 percent in 2015. Activities in-
               cluded using a mobile phone to research a product,   Frost & Sullivan probes
               check in at a retailer, track reward points and com-
            •  Added revenue from in-store pickups: 61 percent  cybercrime in APAC region
               plete purchases online.
               of respondents who visited stores to pick up items
               ordered online made additional in-store purchases.     n a study on cybercrime in the Asia Pacific region,
            •  Shopping center visits: 81 percent of millennials,     published Dec. 29, 2016, Frost & Sullivan identi-
               62 percent of baby boomers and 73 percent of gen X     fied eight predominant schemes criminals used to
               shoppers visited a shopping center during the 2015   I gain unauthorized access into business networks.
               holiday season. Millennials surveyed used tech-  Citing major attacks against the National Payment Corp.
               nology to enhance, not replace the physical shop-  of India and Bangladesh Central Bank, the research firm
               ping experience.                                 warned organizations and IT professionals to be vigilant
                                                                and "cyber-ready" to protect their intellectual property
        Online, in-store cross-selling                          and data in 2017.

        Retailers have benefitted from consumers who order      Researchers found a direct link between cyberattacks
        online and pick up their orders in physical stores. These   and the increasingly hyper-connected environment of the
        in-store visits create additional opportunities for adjacent   Internet of Things (IoT). Following are what Asia Pacific

        12
   7   8   9   10   11   12   13   14   15   16   17