Providing market intelligence for more than 35 years

In The News

CE Shoppers Are Showroomers

Retailers looking to capture more of the consumer electronics market would be wise to embrace — rather than fight — the use of smartphones.

According to Parks Associates, 25% of CE buyers said they used mobile commerce apps on their smartphones to help with in-store purchase decisions. Among the things the consumers used their phones for: product research, barcode scanning and interaction with the retailer or product brand app.

“There's no such thing as a pure 'in-store' shopper anymore,” says Jennifer Kent, senior analyst at Parks Associates. "Consumers are checking online information about products before, after, and while they shop in stores. Retailers that embrace this trend will be in a good position to drive more sales within their stores."

Some of the usage varies by retail brand. According to the research, 54% of Target shoppers used at least one mobile commerce app while considering an electronics purchase, while only 38% of Wal-mart shoppers did the same.

“The retailers that have an omnichannel presence can benefit from it,” Kent tells Marketing Daily. “Some do a better job having their mobile sites optimized or having a [branded] app or having a loyalty program that gives a 360-degree view.”

While some retailers have gotten on board with offering more access to their own and branded apps from within the store, they should begin to proactively encourage it to prevent showrooming.

“CE products are certainly more researched and less likely to be impulse buys,” Kent says. “Working with third party apps that show high usage, like bar code scanners, and having some price-matching tool or way to reward consumers in the store would be very valuable.”

From the article, "CE Shoppers Are Showroomers" by Aaron Baar. 

Previously In The News

Phone, Cable Companies Advised To Bundle More Services

Adding services to "triple-play" bundles could boost monthly revenue per subscriber to $206 by 2010 from $148 today, Parks Associates said. Additional services could include TV-based caller ID and h...

The Digital Home Brings A Digital Headache

Based on the survey findings, Parks Associates estimates that in the last 12 months, more than 41 million U.S. Web users had Internet security problems, more than 21 million had computer hardware an...

Social Networks Becoming A Prime Target For Online Video

Fully, 55 percent of users of the Web hangouts watch streaming videos, and 21 percent download video, Parks Associates said. In addition, people who visit these sites at least once a week are six ti...

Microsoft Entices Holiday Shoppers With 250 Vista-Ready Product,

"There's no precedent in my mind," Harry Wang, research analyst for Parks Associates said. The closest comparison would be the TV industry, Harry Wang said. Manufacturers selling analog sets toda...