21 bopis facts and statistics

22
21 Facts & Statistics On Why You Need to Devote More Budget to BOPIS & BORIS (Buy Online Pick-up In Store & Buy Online Return In Store)

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Page 1: 21 BOPIS facts and statistics

21 Facts & Statistics On Why You Need to Devote More Budget to

BOPIS & BORIS(Buy Online Pick-up In Store & Buy Online Return In Store)

Page 2: 21 BOPIS facts and statistics

83% of U.S. and U.K. consumers say they value physical stores over the web for returning items, regardless of the device they purchased on. (https://www.

internetretailer.com/2013/10/18/many-online-shoppers-prefer-return-items-stores)

Page 3: 21 BOPIS facts and statistics

Sixty-three percent of shoppers buy online and pickup in-store at least a few times per year. (http://www.hubmagazine.com/the-hub-magazine/bopis-bisbo-082814/)

Page 4: 21 BOPIS facts and statistics

74 percent of retailers provide robust communication throughout the

transaction (e.g., an email alerting the customer that their product is ready to

be picked up).

Page 5: 21 BOPIS facts and statistics

Yet only half support text messaging or mobile

notifications.

Page 6: 21 BOPIS facts and statistics

Omnichannel fulfillment represents a strategic advantage in that retailers can leverage inventory across multiple locations and streamline fulfillment processes, reducing

operational costs and enhancing the customer experience. (http://www.retailonlineintegration.com/article/bopis-retails-next-frontier-competitive-advantage/1)

Page 7: 21 BOPIS facts and statistics

Only 45% of retailers have extended BOPIS capabilities to include the

ability to ship products from fulfillment centers to stores.

Page 8: 21 BOPIS facts and statistics

25% provide real-time visibility to inventory levels.

Page 9: 21 BOPIS facts and statistics

16 percent suggest

alternatives for out-of-stock products.

Page 10: 21 BOPIS facts and statistics

House of Fraser (UK), fulfills 35% of all online sales with

BOPIS even though they only operate 60 stores.

Page 11: 21 BOPIS facts and statistics

Omnichannel customers are 21%

more profitable.

Page 12: 21 BOPIS facts and statistics

More unplanned purchases when

shoppers visit the store (40% vs only 25%)

Page 13: 21 BOPIS facts and statistics

BOPIS Benefits● Strategic advantage in inventory fulfillment.● Cheaper fulfillment.● Higher margins.● Cost savings.● Faster delivery.● Connecting customer data from online to offline for

insights down the road.● Larger basket sizes.● Higher conversion rates.

Page 14: 21 BOPIS facts and statistics

More than half, 53%, of the more than 3,000 online U.S. adults surveyed say they expect notification in two hours or less that orders are ready for pickup. (https://www.internetretailer.com/2015/01/06/while-shoppers-store-pickup-it-tough-do-

well)

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Studies show that BOPIS don’t actually impact a

significant difference between regular shopping

experience. (http://happycustomer.stellaservice.com/2014/12/30/stellaservice-

study-bopis-isnt-a-big-time-saver-for-shoppers/)

Page 16: 21 BOPIS facts and statistics

To keep up with customer expectations: retailers can’t just offer any regular

BOPIS program, they have to offer a convenient one.

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Shoppers can also become highly frustrated when a product they

want is out of stock at the store.

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Nearly 80% of purchases are researched online, and one of consumers’ objections to purchasing online is they haven't touched or seen the product.

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“Operationally, shipping or pickup from stores expedites delivery and optimizes inventory across the store network, which does much to improve efficiency and cost savings,” says Dan Farmer, A.T. Kearney

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In-store pickup of online orders is only one step in what is a multi-year, multi-step journey...

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...but it’s an essential step as it drives traffic to stores where retailers have the opportunity to create differentiated experiences.

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Helps make BOPIS better:● Real time updates on in-

store orders.● Customers don’t have to

wait in line.● [email protected]● Thanks!