future of online retail
DESCRIPTION
Our thoughts on the emerging online retail landscape.TRANSCRIPT
Future of Online Retail
Recent trends collected by The Opinion Company
Social Media platforms are changing the way that brands and their customers interact
Brand-led messaging is being replaced by a two way dialogue that is giving voice to the consumer and empowering them to demand more participation
Shopper as retail partnerPeople engage with other shoppers to sell on behalf of brands
Shopper as product designerCustomers give input into what products/services are made and sold
Shopper serving shopperFans share their experience and provide one-on-one advice to fellow shoppers
Shopper designed dealsShoppers set the price they are willing to pay for a product or service
MULUCommission earned from influencing online purchases
GIFFGAFFCommunity powered mobile network involves members in tariff design
LEISURE PROPairs customers with prospects for real-time product advice
BAGTHATGroup buying site that offers best available deal
Retail Trends – Consumer
Retail Trends – Retail on Demand
The growth of online shopping and anywhere access via mobile phones are creating a multi-channel retail environment
Shoppers expect retailers to create an individual experience that is seamless, personal, engaging and relevant
Service with an opt inRetailers ask shoppers to trade personal data for a better deal
Shopper coachingBrands make shopper education a key element of the shopper experience
Curated shoppingBrands leverage a shopper’s social data and purchase history to create customised experiences
Bespoke customisationBrands create options for shoppers to choose a tailored product
MODCLOTHStylists look to shopper past purchases to tailor advice
LENBROOKGuides to show customers how to access higher audio performance
GLIMPSESocial shopping channel uses Facebook likes to build custom catalogues
EVOLVEXCustomising products online to specific customer needs
About The Opinion Company
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• To develop smarter communications
• To create more satisfying services
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