Consumer shopping has evolved, but which habits are here to stay?
Catalyst and Xaxis, in partnership with London Research, conducted a two-part original research study to understand changes in consumer shopping and their impact for marketers. Part One: The Retail Paradigm: The Evolution of Consumer Shopping is available now.
This study, based on a survey of 2,000 consumers in the US, and interviews with a range of brands, agencies and retail platforms, examines how shifts in consumer shopping have been shaped by the pandemic. We examine what changes are here to stay as brands and platforms evolve their ecommerce, delivery and retail offerings to meet these changes. The takeaway– a new retail paradigm.
New Data & Insights On Consumer Shopping
Our findings show that the pandemic ushered in a new, shorter customer journey and everything is shoppable now that consumers are being driven by convenience and rapid-delivery services. According to GroupM research, global retail ecommerce will reach $5.4 trillion in 2022, and this will only continue to expand now that the largest retailers in the world have captured the attention of younger shoppers (ages 18-34).
Download the report to access the complete research including new insights like:
- 65% of consumers are doing more click-and-collect shopping
- Two thirds of consumers under 34 are more likely to buy directly from social media sites, and to be increasingly swayed by influencers
- 47% of shoppers ages 55+ want to try a virtual reality (VR) headset to experience something first before buying
- 27% of those aged 25-34 have tried check-out less shopping and would happily do it again
- 46% of shoppers cite free shipping as a reason to make a repeat purchase