Total Retail Survey 2016

They say they want a revolution

Changing behaviours are driving the next retail revolution

It’s nothing short of a revolution, and the stakes have never been higher for retailers and consumer goods companies.

Our Total Retail Survey results, together with 2015 fourth quarter retail results around the world, point to 2016 as a watershed for many of the trends that have been percolating over the past few years.

From the unmistakable desire to be a member of a specialised retail community to buying more on their mobile phones, from becoming more reliant on social media to demanding a more service-focused and knowledgeable store employee, global consumers are pushing the boundaries of what shopping means. 

Survey participants

            

 

China

What China was doing several years ago, consumers across the globe are doing today.

  • Chinese online sales in 2015 massively shifted to mobile
  • 65% of our Chinese respondents shop online via their mobile at least monthly
  • Just 6% of Belgian respondents use mobile for purchases on a monthly basis

Store traffic

Store traffic still matters for Belgian shoppers.

  • Foot traffic increased in the past two years in Belgium
  • 49% of our Belgian sample prefer to do their research in a physical store
  • 43% of Belgians use their mobile in-store for one reason or another

Mobile

Mobile devices have turned the corner for purchasing.

  • Globally, purchasing in-store via mobile is up 8% this year
  • 18% of Belgian respondents purchase via mobile a few times a year and 9% monthly
  • 51% of Belgian respondents are worried their personal credit information will be hacked while shopping via mobile

Social media

51% of Belgian respondents are worried their personal credit information
will be hacked while shopping via mobile.

  • 23% of Belgian consumers said that reading reviews, comments and feedback influences
    their online shopping behaviour
  • Just 4% of Belgian shoppers purchase directly via social media
  • Belgian behaviour starts to be less influenced by social media about age 45

Retail talent (finally) matters

Our data indicates that compared to other features of a retailer, service by sales associates is not, on its own, a big driver for favouring a retailer, ranking after such factors as price, product, in stock availability, and returns policy. That leads to the question: can retail talent become a differentiator? The answer is yes, and the time is now.

A closer look at our research data indicates that the changing role of the store, soaring customer expectations and the desire to support local businesses could put a real premium on retail employee talent. In particular, the more sophisticated dimensions of customer service (personalised advice, special after-sales services and demonstrated deep product knowledge) could be a point of differentiation for retailers, particularly for retailers with a significant physical store footprint.

 

 

 

 

Survey participants

 

 

 

"93% of Belgian respondents are a member of a loyalty or reward programme."

 

 

 

 

Globally, social media is the “great influencer”

Twenty three percent (23%) of Belgian consumers said that reading reviews, comments and feedback influences their online shopping behaviour.

It’s not just consumers who are being influenced by customer reviews, comments and feedback. For retailers, this tsunami of volunteered customer information is an additional form of customer research, as there is a huge volume of data readily available – and in real time.Interestingly, social media’s increasing impact does not sound the death knell for advertising, but overall only 15% of our Belgian sample said that “viewing advertisements” influenced their shopping behaviour.

Online Belgian shoppers are most influenced by promotional offers (29%) and fashion and trend (20%).

 

Which of the following aspects of social media influence your online shopping behaviour? 

Contact us

Filip Lozie
Partner
Tel: +32 (0)3 259 3348
Email

François Jaucot
Partner
Tel: +32 (0)2 710 4122
Email

Steven Van Bael
Director
Tel: +32 (0)3 2593 357
Email

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