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

Netflix To Grow Fourfold From 2010 to 2020

55% of broadband households now subscribe to an OTT service, according to new figures from Parks Associates, reports Marketing Charts. And, a recent forecast from Digital TV Research predicts that...

Consumers Concerned About IoT Data, Privacy

The companies behind the growing Internet of Things may have to do a little consumer massaging (and messaging) to allay some deep concerns before their products can reach heavy adoption. Nearly...

OTT Providers May Be Missing Key Revenues

Over-the-top TV platforms may be growing, but OTT providers may not be getting an apportioned amount of revenues from users. A third-quarter 2014 survey says 11% of all U.S. broadband home relying...

Are There Local YouTube Stars?

TOO MUCH OF A GOOD THING: By now, it’s kind of established fact that nearly everybody in a household at any given moment is on some kind of device. New research from Parks Associates says 40% of 1,...