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

Digital Video Views On Rise

Digital TV-video viewing continues to climb -- but it's still way behind traditional TV consumption. Parks Associates says U.S. broadband households spend on average 1.3 hours per week watching...

Deep Thinking On Second Screens And TV Everywhere

As this litte blurbette points out, broadband households spend about 1.3 hours per week watching video on a tablet and 1.6 hours watching on a smartphone, but that’s compared to “almost 20 hours pe...

Over The Top: Big, Diverse Disruptive Force

But also, Parks Associates also reports this week that 46% of all broadband households also have a game console connected to the Internet and 28% use it as their primary connected device. And of th...

The YouTube Stars That 'Nobody' Knows

Really serious hiding-under-a-rock just kills me. So when I read an account of the CableFax Innovation Summit that happened a few weeks ago, I had the same surprised reaction. At this meeting of se...